Innovations are commonly seen as resulting from the commercialization of new ideas and technological goods by dedicated organizations, especially firms. This conception is reflected in a producer-oriented approach to science, technology and innovation policy-making (STI). However a new...

In this paper we examine to what extent market conditions facilitating start-up formation affect technical change and firms' profits. We consider a model in which R&D efforts of an incumbent firm generate partly tacit technological know-how embodied in a key R&D employee, who might use it to...

Although the link between coordination requirements and vertical integration is theoretically well established, empirical tests of this relationship are hard to implement due to the simultaneous determination of both variables. In this study, we take advantage of regulatory changes in patent...

Spanish Abstract: Las inversiones en actividades de ciencia, tecnología e innovación son indicadores de desarrollo y competitividad para los países. La presente investigación pretende describir y analizar las inversiones en actividades de ciencia, tecnología e innovación realizadas por...

We examine the role of latecomers’ optimal resource allocation between innovation and imitation in latecomers’ catch-up under diverse technological regimes. Building on Nelson and Winter (1982), we develop computational models of technological leadership change. The results suggest that...

There is a widespread idea that corporations have completely taken over invention and innovation processes throughout the twentieth century, thus becoming the main users of patent systems. However, recent studies suggest that, in spite of corporate expansion, independent invention is still...

The appropriateness of patent systems has been largely discussed and has led to substantial theoretical debates and empirical analyses. One of the most significant arguments in favor of patents is that they enable knowledge disclosure, which would compensate their social cost. Through an...

This paper studies whether and how corporate venture capital (CVC) spurs changes in firm scope. Using two sets of firm scope metrics, a text-based emerging business measure and Compustat segment measures, I document that CVC investments are strongly associated with subsequent firm scope changes...

Aspirations towards technological sovereignty increasingly pervade the political debate. Yet, an ambiguous definition leaves the exact goal of those aspirations and the policies to fulfill them unclear. This leaves room for partly particularly negative interpretations, such as equating the...