knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

such applications, a key role is played by complementarities in the process of innovation. …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model … where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their … existing products through internal innovation while entering others' product markets through external innovation. We introduce …

innovation investments that increase the productivity of capital and labor in the performance of their respective tasks. These …

question using unique, granular data on innovation investment in R&D and diffusion from a representative survey of German firms …. Our data allows to identify the crisis-induced innovation investment cuts with mean conditional reductions of -65% (R … estimate that a 1% cyclical output drop translates into a -0.3% fall in innovation investment. Firm-level financial constraints …