National framework conditions mediate the effect of technological capabilities of firms on their productivity. Although this has been recognized in the literature for a long time, a quantitative test that explicitly considers this hypothesis has been lacking. Using a World Bank datasets of about...

Innovation has its most important impact on the economy through the diffusion of new technical knowledge, from its first worldwide implementation in the production of goods and services to its adoption and adaptation by enterprises located in different places across the globe. One way to...