-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …

Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …

essential role in transforming their national innovation systems so that they can be more adaptable to economic development. The … innovation activities. Balancing import of technology and indigenous R&D effort is another major theme. Innovation capability … influence on choice of innovation at the firm level, i.e., the decision at firm level in terms of indigenous R&D or import of …

This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are … considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for …-Kaldor mechanism, and the induced effect of innovation on export performance, are important cumulative forces that interact with the …