How do firms' sales interact across markets? Are foreign and domestic sales complements or substitutes? Using a large French firm-level database that combine balance-sheet and product-destination-specific export information over the period 1995-2001, we study the interconnections between exports...

The nuclear power industry is faced with profound challenges- not only in Germany, but throughout Europe as well. New nuclear power plants are very expensive to build and even at high carbon prices, nuclear power is not competitive. Nevertheless, the EU reference scenario assumes that within the...

Die Atomwirtschaft steht vor tiefgreifenden Veränderungen, nicht nur in Deutschland, sondern in ganz Europa. Der Bau neuer Atomkraftwerke ist mit sehr hohen Kosten verbunden, selbst bei hohen CO2-Preisen kann Atomkraft nicht wettbewerbsfähig werden. Trotzdem geht das EU-Referenzszenario davon...

Die Atomwirtschaft steht vor tiefgreifenden Veränderungen, nicht nur in Deutschland, sondern in ganz Europa. Der Bau neuer Atomkraftwerke ist mit sehr hohen Kosten verbunden, selbst bei hohen CO2-Preisen kann Atomkraft nicht wettbewerbsfähig werden. Trotzdem geht das EU-Referenzszenario davon...

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...

We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...