greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky's ideas on the …

specific needs of targeted markets. All these developments are leading to the globalization of innovation. Based on recent … reference model for chances and challenges of global innovation activities. …

the impact of a particular regulation - license requirements for certain firm activities - on the innovation performance … led to an eight percentage points higher innovation rate within two years following the reform. We measure innovation as …

California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …