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provinces in the People's Republic of China, we find that credit market development enhances firms' product innovation …
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study the effect of this process innovation on prices at stations that are automated and their competitors using a …
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There is considerable interest in understanding how important market frictions are in stifling the transmission of ideas from one firm to another. Although the theoretical literature emphasizes the importance of these frictions, direct empirical evidence on them is limited. We use comprehensive...
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technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across … countries. Whenever feasible, optimal policies implement sustainable growth by directing global innovation to the nonpolluting … sector. If nonparticipants drive global innovation, this requires policies relocating clean production to nonparticipants. A …
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