policies such as subsidies to innovation investments explain a country’s position in the eventual world income distribution …

innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skillintensive … activity than imitation. Also, we provide evidence in favor of this prediction using a panel dataset covering 19 OECD countries …

This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … the development of a more general theory of the determinants and the effects of TC. In turn, such theory has to deal …

innovation with the practices of the wider economy. Using a multi-sector endogenous growth model with in-house R&D and knowledge … spillovers, it is shown, that accounting for the time it takes for an innovation to diffuse modifies this widely-accepted result …

intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot …

reflect these empirical findings and examine the effects of innovation policy. While subsidies to frontier firms discourage … knowledge diffusion from these firms to technologically lagging firms, these subsidies also encourage innovation within frontier …