-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 …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

processes of innovation and diffusion of a general purpose technology (GPT) take place. There is also an analysis of the …

that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …