machinery industry. Nothing has received as much attention as innovation, which has been pinpointed as the fundamental driving … force for economic growth and welfare as well as a key factor in competitiveness. Therefore, innovation growth is seen as a … mechanism to influence economic growth, and therefore firms capable of increasing their innovation potential benefit from …

In the past decades the role of profit sharing schemes (PSS) as a way to foster innovation in a principal-agent context …, and more generally of innovation in economic growth, have been widely acknowledged and studied. However, surprisingly … innovation in a pure knowledge economy: a "patent box" incentive and a tax incentive on compensation earned by agents as PSS. A …

capital in SSA mitigate the effect of innovation on economic growth in the region, thus, making it a lean knowledge economy. …