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Outsourcing, Offshoring and Innovation: Evidence from Firm-level Data for Emerging Economies
Fritsch, Ursula; Görg, Holger - C.E.P.R. Discussion Papers - 2013
investigates the link between outsourcing and innovation empirically using firm-level data for over 20 emerging market economies …
Persistent link: https://www.econbiz.de/10011084498
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A New Index of Currency Mismatch and Systemic Risk
Rancière, Romain; Tornell, Aaron; Vamvakidis, Athanasios - C.E.P.R. Discussion Papers - 2011
This paper constructs a new measure of currency mismatch in the banking sector that controls for bank lending to unhedged borrowers. This measure explicitly takes into account the indirect exchange rate risk that banks undertake when they lend to borrowers that will not be able to repay in the...
Persistent link: https://www.econbiz.de/10008854496
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Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres
Claessens, Stijn; Klingebiel, Daniela; Schmukler, Sergio - C.E.P.R. Discussion Papers - 2002
We study the determinants of stock market development and the growing migration of capital raising, listing and trading activity to international exchanges. Economies with higher income per capita, sounder macro policies, more efficient legal systems with better shareholder protection, and more...
Persistent link: https://www.econbiz.de/10005666902
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Finance and Growth: When Does Credit Really Matter?
Coricelli, Fabrizio; Roland, Isabelle - C.E.P.R. Discussion Papers - 2008
The paper provides a simple theory and empirical evidence on the asymmetric effect of credit markets on output decline and output growth. When credit markets are underdeveloped and enterprise activity is financed outside the banking sector, exogenous shocks may induce a break-up of both credit...
Persistent link: https://www.econbiz.de/10005789097
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Religion and Innovation
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …
Persistent link: https://www.econbiz.de/10011213308
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Taxation and the International Mobility of Inventors
Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - C.E.P.R. Discussion Papers - 2015
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
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Forbidden Fruits: The Political Economy of Science, Religion, and Growth
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
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The Berlin Stock Exchange in Imperial Germany – a Market for New Technology?
Lehmann, Sibylle; Streb, Jochen - C.E.P.R. Discussion Papers - 2015
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534
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Firm collaboration and modes of innovation in Norway
Fitjar, Rune Dahl; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011
This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of ….’s (2007) contention that firm innovation is both the result of ‘science, technology and innovation’ (STI) and ‘doing, using … innovation and that both STI and DUI-modes of interaction matter. However, it also shows that DUI modes of interaction outside …
Persistent link: https://www.econbiz.de/10009225958
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Venture Capital, Patenting, and Usefulness of Innovations
Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508