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Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - CESifo - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual’s decision to start a business is determined by his...

Persistent link: https://www.econbiz.de/10005094224

The Impact of Continuous Training on a Firm’s Innovations

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - CESifo - 2008

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Persistent link: https://www.econbiz.de/10005405807

Heavyweights – The Impact of Large Businesses on Productivity Growth

Falck, Oliver - CESifo - 2007

The idea of an industrial policy that promotes large businesses—heavyweights—as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...

Persistent link: https://www.econbiz.de/10005405979

Multinationals, technology networks and international takeovers

Oliva, M. Àngels; Rivera-Bátiz, Luis - Department of Economics and Business, Universitat … - 1997

We formulate a knowlegde--based model of direct investment through mergers and acquisitions. M&As are realized to create comparative advantages by exploiting international synergies and appropriating local technology spillovers requiring geographical proximity, but can also represent a strategic...

Persistent link: https://www.econbiz.de/10005827469

A model of conglomeration and synergy traps

Oliva, M. Àngels; Rivera-Bátiz, Luis - Department of Economics and Business, Universitat … - 1997

We present a model of conglomeration motivated by technology synergies and strategic reductions in variable costs in the face of competitive pressures. The resulting firm integration is neither horizontal nor vertical but rather congeneric integration of firms in related industries. We...

Persistent link: https://www.econbiz.de/10005771958

The Extension of Clusters: Difference-in-Differences Evidence from the Bavarian State-Wide Cluster Policy

Falck, Oliver; Heblich, Stephan; Kipar, Stefan - CESifo - 2008

Bavarian State Government. The purpose of the initiative was to create a Bavarian-wide innovation network in support of state … the likelihood of innovation by a firm in the targeted industry by 4 to 7 percentage points. However, this effect is …

Persistent link: https://www.econbiz.de/10005405788