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Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy...
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We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...
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The innovation value chain (IVC) divides the innovation process into three separate links or activities: knowledge … Ireland and Switzerland. Both economies are small, very open and depend significantly on innovation to maintain competitive … advantage. In recent years, however, R&D and innovation growth in Ireland has been markedly stronger than that in Switzerland …
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from innovation. In this paper, we revisit that question using a nationally representative sample of firms over the period … of the economics of innovation. There are five main findings. First, while patenting firms are relatively uncommon in the … differences in the type of R&D or innovation produced by a firm. We also discuss the implications of these findings for innovation …
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This paper discusses how to improve Canada’s business innovation in order to boost labour productivity and output … growth. Many general framework conditions are highly favourable to business risk-taking and innovation, including macro … should be on boosting manager and worker skills that are intrinsic to all forms of innovation, by filling gaps in training …
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old employer. Our study thus provides firm-level support for the notion that labor mobility stimulates overall innovation …
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