Showing 1 - 10 of 38,448
This paper considers a generalized panel data model of polychotomous and/or sequential switching which can also accommodate the dependence between unobserved effects and covariates in the model. We showcase our model using an empirical illustration in which we estimate scope economies for the...
Persistent link: https://www.econbiz.de/10010930707
This paper considers estimation of a pure equilibrium search model in which all heterogeneity is endogenous and due to information asymmetries, and of variations that allow better fits to the data. Measurement error and heterogeneity in the productivity levels of firms. The model is fit to a...
Persistent link: https://www.econbiz.de/10005027326
We provide new cross-country evidence on smoking persistence in Europe, which can be due to both true state dependence and individual unobserved heterogeneity. We distinguish between the two by using semi-parametric nonlinear panel data methods, applied to both the smoking participation and the...
Persistent link: https://www.econbiz.de/10010573757
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10010696630
This paper studies the links between productivity, innovation and research at the firm level. We introduce three new … features: (i) A structural model that explains productivity by innovation output, and innovation output by research investment … of firms engage in research activities and/or apply for patents; productivity, innovation and research are endogenously …
Persistent link: https://www.econbiz.de/10009200615
detailed analysis of firm behaviour. In this paper, estimates of the impact and the determinants of innovation behaviour are …
Persistent link: https://www.econbiz.de/10008596441
In February 2008, British Telecommunications (BT) introduced automatically renewing, or ‘rollover’, contracts into the UK market for fixed-voice telephone service. These contracts included a 12-month Minimum Contract Period (MCP) with associated Early Termination Charges (ETCs). Unless...
Persistent link: https://www.econbiz.de/10009385761
"Time-to-build" models of investment expenditures play an important role in many traditional and modern theories of the business cycle, especially for explaining the dynamic propagation of shocks. We estimate the structural parameters of a time-to-build model using annual firm-level investment...
Persistent link: https://www.econbiz.de/10005737253
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education to data for the USA, the UK and Germany. We find that in residual wage variation, uncertainty by far dominates unobserved heterogeneity. The relation between uncertainty and level of...
Persistent link: https://www.econbiz.de/10010719508
relationship with the main bank, and by the number of lenders – on a firm's ability to develop innovation and introduce new … products. As these effects may vary depending on both the type of firm and innovation, this study provides results for small … and high-tech firms and distinguishes between process and product innovation. The results suggest that for small firms …
Persistent link: https://www.econbiz.de/10010594258