Micro-econometric analyses cover a wide range of new innovation
'input' and 'output' indicators. Among the robust findings about
determinants of innovation is evidence on the importance of
technological opportunity, of appropriability of innovation
benefits, and of Schmooklerian demand-pull effects. As opposed to
the evidence from standard R&D data, small firms appear more
innovative and the impact of market power on innovation is, in the
best case, modest.
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