As the time between initial concept and commissioning of submarine cable systems decreases, the need for automated tools and procedures to facilitate the acceleration of the route and cable engineering processes increases. Cable installers are now faced with more projects and less time to design, engineer, and install these systems. These increased demands mean that, in many cases, traditional ...

There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence–an index of sequentiality in innovation–which is the transfer rate of patents in a particular industry. I find that highly sequential industries have higher profitability, higher variance of firm growth, lower exit rates, and lower ra...

Is market-based or bank-based financial system better for fostering technological innovation as an engine of growth? I present evidence that bank-based systems promote rapid technological progress in those industrial sectors that depend heavily on external finance for funding innovation by facilitating credit access to younger firms. On the other hand, I also find evidence of a general positive...