knowledge on technological innovation of a country in the short and in the long run. We find that a country's stock of knowledge … very significant impact on innovation. As a consequence, a positive shock to R&D in the US (the largest world innovator …) has a significant positive effect on the innovation of all other countries. Such a shock produces its largest effect on …

This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product … innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the … signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay …

Fifty years ago, Punjab embarked on its famous Green Revolution, leading the rest of India in that innovation, and … new round of agricultural innovation in Punjab. These are: complexity of the agricultural economy, complementary inputs … such as infrastructure, switching costs (including risks), balancing frontier innovation and adaptation, and the relative …

We develop a general equilibrium model of vertical innovation in which multiple firms compete monopolistically in the … the product cycle as it is superseded by further innovations. The intrinsic reason that innovation happens in our economy … is not one of displacing the incumbent; rather, innovation is a means to differentiate oneself from existing firms and …

five European countries (Germany, Spain, France, Italy, the United Kingdom). Data are obtained from the Sectoral Innovation …

monotonically increasing in either the reliability of the communication network or the productivity of innovation. …

Scientific progress is driven by innovation ?which serves to produce a diversity of ideas ?and imitation through a …

recent years. This paper explores whether and to what extent we can consider lack of innovation and technology adoption as a … main reason for this disappointing experience. The paper starts by documenting that technology adoption and innovation are …