Crespi G.A.; Tacsir E.; Vargas F. - United Nations University-Maastricht Economic Research … - 2014
Innovation is fundamental for economic catching-up and raising living standards. Evidence demonstrate a virtuous circle … in which RD spending, innovation, productivity, and per capita income mutually reinforce each other and lead to long … great potential to benefit from investment and policies that foster innovation. However, one important limitation of …