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country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading …
Persistent link: https://www.econbiz.de/10005123493
characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …
Persistent link: https://www.econbiz.de/10005124193
unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a … affects total factor productivity growth. We do find that VC investment is positively associated with labor productivity but …
Persistent link: https://www.econbiz.de/10005136420
technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that …
Persistent link: https://www.econbiz.de/10008784754
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …
Persistent link: https://www.econbiz.de/10011171780
While innovation is argued to create value, private incentives of firms to innovate are driven by what part of the value created firms can appropriate. In this paper we explore the relation between innovation and the markups a firm is able to extract after innovating. We estimate firm-specific...
Persistent link: https://www.econbiz.de/10011083230
We explore the relationship between innovation activity, productivity, and exports using a panel of Spanish … explaining the positive export-productivity association documented in prior research. For the sample of small innovating firms …, we find no significant differences in productivity levels between exporters and non-exporters. Especially product …
Persistent link: https://www.econbiz.de/10005792473
knowledge' from its cumulative R&D activities, a developing country can boost its productivity by importing a larger variety of …
Persistent link: https://www.econbiz.de/10005667027
patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …
Persistent link: https://www.econbiz.de/10005788918
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