Information about the success of a new technology is usually held asymmetrically between the research and development RD-performing firm and potential lenders and investors. This raises the cost of capital for financing RD externally, resulting in financing constraints on RD especially for firms...

In recent decades there has been a sharp increase in Chinas scientific output. Behind its fast growth, little is known about Chinas comparative advantages in different academic disciplines. Meanwhile, despite Chinas rising position now in second place worldwide for research output, its research...

The agricultural sector has played an important role in the provision of food, foreign exchange and sustainable energy to many developing countries. This sector, however, has not been considered as a driving force of innovation as compared to other productive sectors. However, recent economics...

This paper revisits the competition-innovation relationship using an unbalanced panel of enterprise data stemming from four waves of the Luxembourgish innovation survey for the period 2002-2010. We estimate by full-information maximum likelihood a nonlinear dynamic simultaneous-equations model...

Innovation support measures in the EU are mostly designed to support product innovation in RD intensive sectors. To increase the still considerable contribution to regional employment and competitiveness from SMEs in traditional manufacturing industries a broader innovation policy mix is more...

This paper, which was prepared for presentation in the program of the 2013 International Energy Workshop Conference held on 1921 June in Paris, France is an extensively revised, expanded and slightly retitled version of UNUMERIT Working Paper 2013009. The latter paper has been cited in other...

This paper introduces dynamics in the RD to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...

Several studies have highlighted ICT as a driver of firm productivity in developed countries. However, the evidence about the impacts of ICT on services and manufacturing and particularly for developing countries is scarce. This paper focuses on understanding the determinants of investments in...