Innovation, particularly when realized through structured innovation process strategically contributes to firms' mission to achieve and maintaining a long-term and sustainable competitive advantage. Recently, over half of the Fortune 500 companies have disappeared since 2000 by being merged,...

In this paper we focus on one type of externality, namely knowledge spillovers. Empirical studies on effects of knowledge spillovers in Europe have normally focused on localized effects, either on total factor productivity or knowledge production in terms of patent output. The purpose of this...

This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...