Innovation is an important source of economic growth. It increases productivity and creates wealth by freeing up resources to be used for other activity and hence more output. Despite its economic importance, innovation is still not fully understood and is difficult to predict. In pre-modern...

This is an ex-post evaluation of how innovation changed following mergers and subsequent policy interventions, using an industry case study involving the 5-to-3 consolidation of three related mergers in the worldwide hard disk drive (HDD) industry, in 2011/12. Unlike most previous empirical...

Intro -- _GoBack -- About the authors -- Foreword -- Acknowledgements -- Summary -- 1 How many light bulbs does it take to change the world? -- Matt Ridley -- How does innovation cause economic growth? -- Barriers to innovation -- References -- 2 Questions and discussion -- 3 Innovation, growth...