, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

first-time patent applicants achieve significantly higher export growth, compared to otherwise similar first-time applicants …

investigated separately. This paper proposes a theoretical framework in which trade patterns and growth rates are jointly … contract enforcement drives the ownership decision, which affects R&D returns, research intensity and growth. Balance of …

&D investment play a key role in explaining firm-level productivity growth. Moreover, the estimated returns to R&D are significantly … quantitative importance of our theoretical mechanism. Moreover, one fifth of measured productivity growth among new innovators came …