government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

The present paper estimates and decomposes the employment effect of innovation by R&D intensity levels. Our … destruct jobs by raising their R&D expenditures. Most of the jobs in the economy are created by innovation followers …: increasing innovation by 1% may increase employment up to 0.7%. The job creation effect of innovation reaches its peak when R …

The present paper estimates and decomposes the employment effect of innovation by R&D intensity levels. Our micro … destruct jobs by raising their R&D expenditures. Most of the jobs in the economy are created by innovation followers …: increasing innovation by 1% may increase employment up to 0.7%. The job creation effect of innovation reaches its peak when the R …

aimed at developing and/or introducing innovation, in addition to the scale of a firm's investments in innovation proxied by …