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from globalisation on firms’ R&D productivity, especially in the US, while a negative impact for industrial diversification … productivity performance of large European R&D Multinational Enterprises (MNEs). Based on the worldwide subsidiaries of these firms …, we measure the performance of the firms according to their level of industrial diversification and globalisation that we …
Persistent link: https://www.econbiz.de/10010988903
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
productivity. We do so by developing a quantitative model with heterogeneous firms and international trade where firms can invest … cover the fixed costs of sourcing foreign inputs, which in turn also has a benign impact on measured productivity. Using …&D investment play a key role in explaining firm-level productivity growth. Moreover, the estimated returns to R&D are significantly …
Persistent link: https://www.econbiz.de/10011084440
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10005661518
’ hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using … firms’ Total Factor Productivity would have been at least 5% lower in 2000 (about $14bn) in the absence of the US R&D growth …
Persistent link: https://www.econbiz.de/10005661780
With sound framework conditions, fine universities, good infrastructure and policies friendly towards foreign direct investment, Ireland scores high in international innovation scoreboards. Overall, policies to boost innovation and entrepreneurship are on the right track, but investment in...
Persistent link: https://www.econbiz.de/10010231006
Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of new firms, new sectors, and thus new jobs. But even for...
Persistent link: https://www.econbiz.de/10011431678
innovations by Chinese domestic firms: Total Factor Productivity (TFP) and invention patent application, using comprehensive …
Persistent link: https://www.econbiz.de/10010875322
We investigate the relationship between innovation indicators (R&D and patenting) and stock market performance for a panel of manufacturing firms traded on Borsa İstanbul (BIST), formerly known as the İstanbul Stock Exchange. Similar to previous results obtained using U.S. and European data,...
Persistent link: https://www.econbiz.de/10010940943
diffusion and assimilation counters the adverse impact of North–South geographical distance on productivity dynamics. …
Persistent link: https://www.econbiz.de/10011209146