This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …

evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … estimate the causal effect of innovation induced by international spillovers on sectoral output per worker and total factor …

technological lead spawn more successful spinouts. Building on these observations, I build a structural model of innovation and firm … dynamics, where firm heterogeneity arises from endogenous decisions of innovation workers to become entrepreneurs and create … affecting employee entrepreneurship for aggregate innovation and growth. …

increases wage inequality but leads to greater production in developing countries. I study a Brazilian innovation program that … taxed the leasing of international technology to subsidize national innovation. I show that the program led firms to replace …

resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak or external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation also increase consumer surplus and …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …

startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess …. Our calibrated model implies that acquisitions raise the startup rate, but lower incumbents' own innovation as well as the …

Gender-responsive budgeting (GRB) is a fiscal innovation. Innovation, for the purposes of this paper, is defined as a … meets identified problems. GRB is a fiscal innovation in that it translates gender commitments into fiscal commitments by … benefit incidence. The theoretical treatment of gender budgeting as a fiscal innovation is not incorporated, as the focus of …