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Financial constraints and innovation: Why poor countries don't catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010
constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … these constraints force export and innovation activities to become substitutes even when these activities are natural … level of income and export intensity. Specifically, the paper investigates theoretically and empirically how financial …
Persistent link: https://www.econbiz.de/10008468676
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Endogenous Innovation Spillovers and Technology Policy
Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996
We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...
Persistent link: https://www.econbiz.de/10005136627
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Incentives to Innovate and the Decision to Go Public or Private
Ferreira, Daniel; Manso, Gustavo; Silva, André C. - C.E.P.R. Discussion Papers - 2010
. Innovation requires the exploration of new ideas with potential advantages but unknown probability of success. We show that it is … equity to innovation and creative destruction and also generates new predictions concerning the determinants of going public …
Persistent link: https://www.econbiz.de/10008468600
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How Trade Credits Foster International Trade
Eck, Katharina; Engemann, Martina; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10011083260
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Do Food Scares Explain Supplier Concentration? An Analysis of EU Agri-food Imports
Cadot, Olivier; Jaud, Mélise; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 2009
This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...
Persistent link: https://www.econbiz.de/10005014570
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Technology Transfer through Imports
Acharya, Ram C.; Keller, Wolfgang - C.E.P.R. Discussion Papers - 2007
While there is general agreement that technology differences must figure prominently in any successful account of the cross-country income variation, not much is known on the source of these technology differences. This paper examines cross-country income differences in terms of factor...
Persistent link: https://www.econbiz.de/10005124209
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Knowledge Dissemination, Capital Accumulation, Trade and Endogenous Growth
Ben-David, Dan; Loewy, Michael B - C.E.P.R. Discussion Papers - 1996
The theoretical framework presented here preserves many of the primary features of the standard neo-classical model, while introducing some modifications that transform it into an open economy endogenous growth model with knowledge accumulation. Knowledge accumulation is determined in part by...
Persistent link: https://www.econbiz.de/10005136567
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International Trade, Foreign Direct Investment, and Technology Spillovers
Keller, Wolfgang - C.E.P.R. Discussion Papers - 2009
challenges for future empirical research, as well as the need for additional data on technology and innovation. …
Persistent link: https://www.econbiz.de/10008577803
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A Dynamic North-South Model of Demand-Induced Product Cycles
Foellmi, Reto; Hanslin, Sandra; Kohler, Andreas - C.E.P.R. Discussion Papers - 2015
. Innovation takes place in a rich North while firms in a poor South imitate products manufactured in North. Introducing non …. We ask how changes in Southern labor productivity, South's population size and inequality across regions affects the …
Persistent link: https://www.econbiz.de/10011186614
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Tariffs, Trains, and Trade: The Role of Institutions versus Technology in the Expansion of Markets
Keller, Wolfgang; Shiue, Carol Hua - C.E.P.R. Discussion Papers - 2008
We study the relative importance of technology and institutions as factors determining the size of markets. The setting of 19th century Europe presents a unique opportunity to address this issue, since it witnessed fundamental change in both dimensions. First, Germany went from around 1,800...
Persistent link: https://www.econbiz.de/10005114182