This paper investigates the theoretical and empirical foundations of the links between inclusive institutions, innovation and economic growth. Its first contribution to the literature is to provide a non-scale R&D-based growth model incorporating negative externalities linked to low...

This paper investigates empirical linkages amongst inclusive institutions, innovation and economic growth in the European context. We follow as a theoretical framework a non-scale R&D-based growth model. In the baseline model, negative institutional externalities not only affect the productivity...

This paper carries out an explanatory investigation into the relationship between social and institutional contextual factors and economic growth in the Italian regions. We construct a three-sector semi-endogenous growth model with negative externalities depending on social and institutional...

The United States and European Union differ significantly in terms of their innovative capacity: the former have been able to gain and maintain world leadership in innovation and technology while the latter continues to lag. Notwithstanding the magnitude of this innovation gap and the political...

The paper explores the causes and effects of persistence in the discretionary allocation of public subsidies to R&D activities performed by private firms in high-tech and low-tech industries. It applies the distinction between virtuous Matthew-effects and vicious Matthew-effects. The former...