Innovation is regarded as a key driver of productivity and market growth and thus has a great potential for increasing … wealth. Surveying innovation activities of firms is an important contribution to a better understanding of the process of … innovation and how policy may intervene to maximise the social returns of private investment into innovation. Over the past three …

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 …

Innovation is regarded as a key driver of productivity and market growth and thus has a great potential for increasing … wealth. Surveying innovation activities of firms is an important contribution to a better understanding of the process of … innovation and how policy may intervene to maximise the social returns of private investment into innovation. Over the past three …

Innovation is regarded as a key driver of productivity and market growth and thus has a great potential for increasing … wealth. Surveying innovation activities of firms is an important contribution to a better understanding of the process of … innovation and how policy may intervene to maximise the social returns of private investment into innovation. Over the past three …

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 …