We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice are strongly associated with firm-level performance (e.g. productivity, profitability and stock market value). Private equity firms are significantly better managed than government, family and privately owned ...

This paper examines whether endogenous growth processes can be found in middle income country contexts. Estimation proceeds by means of dynamic heterogeneous panel analysis. Empirical evidence ...nds in favour of both knowledge spill-over e¤ects, and of positive impacts on total factor productivty growth by Schumpeterian innovative activity. A crucial ...nding is that spill-over e¤ects emerge f...

This paper analyzes the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different qualities. This study examines the incentives of incumbent firms to introduce new products of various quality, their prices, as well as the product variety...

Using a panel of 30 Japanese chemical and pharmaceutical companies for the period of 1985 to 1998, we estimate the effects of university-industry research collaboration (UIC) on participating firms’ research output. We find, as in other studies in the field, that UIC leads to more research output, in terms of the number of patents obtained. In contrast to the results for the U.S., however, we f...

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of the patent grant date, and productive efficiency considerations will result in licensing as early as possible after invention. In contrast, the need for ...

The organizational design of research and development conditions the incentives of the researchers of the research project. In particular, the organizational form determines the allocation of effort of the researcher between time spent on research and time spent lobbying management. Researchers prefer to spend their time on research. However, the researchers only get utility from performing res...

In an open economy, can unilateral environmental policies undertaken by a group of committed countries ensure sustainable growth? This paper addresses this question in a dynamic model with directed technical change. There are two countries and two tradeable goods. One of the two goods (the polluting good) is produced with a clean input and a dirty input, which causes a global externality. Innov...

It is well known that research and development (R&D) is an important engine for economic growth. Also, initial wealth inequality and subsequent economic growth are well known to be related. This paper links inequality and R&D-driven growth. It shows that in a class of economies where R&D is the main engine for growth, di¤erent wealth groups di¤er in their desire for aggregate innovative e¤orts:...

Article history: Received 16 January 2014 Received in revised form 18 April 2015 Accepted 19 May 2015 Available online 10 June 2015 As the need for anticipatory strategic decision-making increases at all levels of governance, there are growing demands for high quality and relevant contributions from Foresight exercises. In this regard, identification of strong and weak aspects of Foresight desi...

This paper examines how Scientific and technological (S&T) human capital is transformed into financial capital through the creation of firms by scientists. The study is based on the analysis of the role and position of the 132 founders of 62 French biotech SMEs in their early years. . Our empirical analysis highlights that scientists who have the highest human capital in terms of reputation and...