-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

The fact that Europe is lagging behind in comparison with its main competitors in the research and innovation … finally the follow-up communication of the Commission presenting a broad-based innovation strategy for the EU. …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …

processes of innovation and diffusion of a general purpose technology (GPT) take place. There is also an analysis of the …

that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …