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Is corporate R&D investment in high-tech sectors more effective? : some guidelines for European Research Policy

Ortega-Argilés, Raquel; Piva, Mariacristina; Potters, … - 2009

This paper discusses the link between R&D and productivity across the European industrial and service sectors. The empirical analysis is based on both the European sectoral OECD data and on a unique micro longitudinal database consisting of 532 top European R&D investors. The main conclusions...

Persistent link: https://www.econbiz.de/10003796272

Instability of the Eurozone? : On monetary policy, house prices and labor market reforms

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2007

"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...

Persistent link: https://www.econbiz.de/10003429626

The job creation effect of R&D expenditures

Bogliacino, Francesco; Vivarelli, Marco - 2010

In this study we use a unique database covering 25 manufacturing and service sectors for 16 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D...

Persistent link: https://www.econbiz.de/10003937885

Innovation and employment in patenting firms : empirical evidence from Europe

Van Roy, Vincent; Vertesy, Daniel; Vivarelli, Marco - 2015

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations is the labour-friendly nature of innovation, which...

Persistent link: https://www.econbiz.de/10011288522

The transatlantic productivity gap : is R&D the main culprit?

Ortega-Argilés, Raquel; Piva, Mariacristina; … - 2011

these transatlantic differences may be related to the different sectoral structures in the US and the EU, we differentiated … change ; US ; EU …

Persistent link: https://www.econbiz.de/10009235193

The productivity impact of R&D investment : a comparison between the EU and the US

Castellani, Davide; Piva, Mariacristina; Schubert, Torben; … - 2016

Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU …-tech sectors. Our results also show that the US/EU productivity gap has worsened during the crisis period, as the EU companies have …

Persistent link: https://www.econbiz.de/10011476418

Adjustment Difficulties and Debt Overhangs in the Eurozone Periphery

Gros, Daniel - 2011

This paper describes four key drivers behind the adjustment difficulties in the periphery of the eurozone: • The adjustment will be particularly difficult for Greece and Portugal, as two relatively closed economies with low savings rates. Both of these countries combine high external debt...

Persistent link: https://www.econbiz.de/10013122004

The Europe 2020 Strategy : Can it Maintain the EU’s Competitiveness in the World?

Gros, Daniel - 2012

-depth look at the Europe 2020 strategy and the goals it sets for the EU, with the aim of shedding light on the question of …

Persistent link: https://www.econbiz.de/10013101064

The Ill Wind that Blows from Europe : Implications for Canada's Economy

Siklos, Pierre L. - 2014

Speculation about the consequences of a break-up of the eurozone, a worsening sovereign debt crisis or a prolonged recession in the European Union have all in recent years made the headlines. At first glance, the effect that such events might have on the Canadian macroeconomy might appear small....

Persistent link: https://www.econbiz.de/10013057480

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...

Persistent link: https://www.econbiz.de/10012816140