This paper studies the link between productivity, innovation and research and development investments at the firm level. We introduce three new features: (i) A structural model that explains productivity by innovation output, and innovation output by research and development investments; (ii)...

The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...

This paper studies the link between productivity, innovation and research at the firm level. We introduce three new features: (i) A structural model that explains productivity by innovation output, and innovation output by research investment; (ii) New data on French manufacturing firms,...