The concepts of goods and services innovation have been discussed extensively in the academic literature. The research … has been both selective (dealing with specific attributes such as R&D, process innovation, measurement of innovation, and …, nanotechnology). This paper examines the concept of innovation in the context of “goods” and “services”. The comparisons made between …

electricity sector, increasing the demand for novel technologies and innovation. Nevertheless, there are still challenges in the … electricity sector to provide proper innovation incentives, often attributed to the slow technological dynamics of the sector and … its regulated nature. As a response to insufficient levels of innovation, numerous European countries introduced …

new drugs, however, are theoretically ambiguous: Compulsory licensing may encourage innovation by increasing competition … or discourage innovation by reducing expected returns to R&D. Empirical evidence is rare, primarily because contemporary …

study this question in the context of an innovation-based model of growth where cultural attitudes are endogenously …