A growing literature investigates how firms' innovation input reacts to changes in the business cycle. However, so far … there is no evidence whether there is cyclicality in the effects of innovation on firm performance as well. In this paper …. (2014), our empirical analysis reveals four important findings: First, the net effect of product innovation on employment …

The importance of SMEs in Europe's innovation process can be seen in both the academic and the political arena. Adopted … to their inputs into the innovation process. In particular, we draw attention to SMEs that contribute the most to the …

dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as ‘cannibalisation’ or ‘business stealing …’ effects in the literature, by employment losses from process and organisational innovation and by general productivity …

intergenerational mobility and innovation, and find robust evidence that higher mobility is associated with increased innovation. …