How can innovation contribute to economic growth? Focusing on research productivity and the commercialisation process
The aim of this thesis is to give a clearer empirical picture of innovations and its connection to economic growth. As a point of departure we use an endogenous growth model, the Romer model, to theoretically develop this connection. This is shown through a modified equation for accumulation of technology. The model was extended with a modified variable for research productivity and a new variable
