We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …

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 …

rich data set. The paper shows that innovation expenditures and investments in information and communication technologies …

innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …