The paper investigates investment decisions by using a new source of data, that is the OBI annual survey on firms. The main focus of our analysis mainly is the influence of credit market conditions on investment decisions and we find that the main obstacle to the investment is the level of...

A growing number of studies that look at the relationship between innovation and exports find that more innovation tends to allow firms to export more. But very little is known about the heterogeneous impacts of innovation on exports. Since innovation is not a costless activity, it is important...

This chapter aims to provide a review of the literature on innovation in services and to focus on the analytical strategies carried out in order to fill in the innovation gap in the service economy (i.e. the difference between what the traditional innovation indicators are capable of capturing,...

This paper models the interactions among technological innovation, product market competition and information leakage via the stock market. There are two firms who compete in a product market and have an opportunity to invest in a risky technology either early on as a leader or later once stock...

Subsidizing small high-technology firms is now considered to be important in stimulating economies throughout the world. This is because fast growing small firms create new markets and jobs. The Small Business Innovation Research (SBIR) program has played an important role in the United States...

This study contributes to existing literature on firms’ innovative activity examining the influence of both internal firms’ physical and R&D capital, and external national and international knowledge spillovers. The paper presents a cross national analysis of United States, Japan and Europe...

The statutory patent length is 20 years in most countries. R&D-based endogenous growth models, however, often presume an infinite patent length. In this paper, finite-length patents are embedded in a non-scale R&D-based growth model, but any patent’s effective life may be terminated...

The competition within the mobile market is increasing day by day in Pakistan. The rapid changes in the technology are the challenge for the companies to satisfy the customers and to get their loyalty through innovative products. Purpose of this study is to investigate the benefits (customer...

This chapter aims at analysing some characteristics of the innovation process, focusing on two factors that may determine the innovative capacity of a country: social capital and culture. The main objective is to explain that social capital can have positive effects on the equality level of an...

This paper investigates the channels through which macroeconomic volatility prevents or hinders innovative investment undertakings financed by the domestic business sector. The analysis is based on a sample of 48 countries, representing all levels of development, and uses various measures of...