We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free … by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it … may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation …

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important-but specific-function in the economy. They engender relatively much employment creation, productivity growth …

productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …

growth rates or survival time of manufacturing firms. Taken together, these results show that innovation is not uniformly …This paper studies how innovation strategies of Russian manufacturing firms affect various features of firm performance …. A multi stage model is used, which relates the firm's decision to undertake R&D to its innovation output, technical …

significance (and, especially, the moral implications) of innovation for a modern, post-malthusian growth society. …