Innovation and Growth

Provides an overview and assessment of established research on firms' strategic choices of R&D efforts and their firm-level returns, and explains the consequences for economy-wide technological change and growth.

PART I. UNDERSTANDING THE R&D STRATEGIES OF THE INNOVATION FIRM; PART II. FIRM-LEVEL RETURN TO R&D STRATEGIES; PART III. BEYOND THE FIRM - ECONOMY-WIDE EFFECTS OF R&D STRATEGIES; PART IV. REFLECTIONS