Showing 1 - 10 of 363
outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
Persistent link: https://www.econbiz.de/10013044342
educated (high earning) and low educated (low earning) women, I exploit a major maternity leave benefit reform in Germany that …
Persistent link: https://www.econbiz.de/10012948069
on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and … misallocation in the innovation area: while state-owned firms receive more subsidies, private firms exhibit more innovation results …
Persistent link: https://www.econbiz.de/10012978531
quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …
Persistent link: https://www.econbiz.de/10012960171
This paper studies how hedge fund activism reshapes corporate innovation. Firms targeted by hedge fund activists … experience an improvement in innovation efficiency during the five-year period following the intervention. Despite a tightening … in R&D expenditures, target firms experience increases in innovation output, measured by both patent counts and citations …
Persistent link: https://www.econbiz.de/10012991678
This paper estimates the effect of trade policy during the Great Liberalization of the 1990s on innovation in over 60 … enables us to establish the causal impact of trade policy on innovation. Our results suggest that trade liberalization has … economically significant effects on innovation and, ultimately, on technical change and growth. According to our estimates, about 7 …
Persistent link: https://www.econbiz.de/10012982938
While the cumulative nature of knowledge is recognized as central to economic growth, the microeconomic foundations of cumulativeness are less understood. This paper investigates the impact of a research-enhancing institution on cumulativeness, highlighting two effects. First, a selection effect...
Persistent link: https://www.econbiz.de/10012760633
We examine the effects of both equity market liberalization and capital account openness on real consumption growth variability. We show that financial liberalization is mostly associated with lower consumption growth volatility. Our results are robust, surviving controls for business-cycle...
Persistent link: https://www.econbiz.de/10012755765
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while controlling for a generic business cycle shock and a monetary...
Persistent link: https://www.econbiz.de/10012758030
We construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality...
Persistent link: https://www.econbiz.de/10012758246