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Technological Dynamics and Social Capability: Comparing U.S. States and European Nations

Fagerberg, Jan; Feldman, Maryann; Srholec, Martin - Center for Economic Research and Graduate Education and … - 2012

This paper analyzes factors that shape the technological capabilities of individual U.S. states and European countries, which are arguably comparable policy units. The analysis demonstrates convergence in technological capabilities from 2000 to 2007. The results indicate that social...

Persistent link: https://www.econbiz.de/10010842917

Firm-Level Labour Demand: Adjustment in Good Times and During the Crisis

Babecky, Jan; Galuscak, Kamil; Lizal, Lubomir - Center for Economic Research and Graduate Education and … - 2012

Using a large panel of Czech manufacturing firms with 50 or more employees, we update the firmlevel labour demand elasticity estimates for 2002–2009. The economic crisis of 2008–2009 provides a source of variation needed for getting estimates that cover not only times of growth, but also a...

Persistent link: https://www.econbiz.de/10010842880

Does the Short Supply of College Education Bite?

Jurajda, Stepan - Center for Economic Research and Graduate Education and … - 2003

Czech returns to education are estimated using 2002 data on hourly wages of salaried employees. The return to an additional year of schooling is close to 10% – that is relatively high given the level of economic development and average schooling level. Particularly large is the...

Persistent link: https://www.econbiz.de/10005146536

Changing Composition of Human Capital: The Czech Republic, Hungary, and Poland

Jeong, Byeongju; Kejak, Michal; Vinogradov, Viatcheslav - Center for Economic Research and Graduate Education and … - 2005

We show that the business education/occupations have expanded and that the technical education/occupations have contracted in the Czech Republic and Poland since 1990. We interpret these changes as an adjustment necessary for their transition to a market economy. We do not find the same pattern...

Persistent link: https://www.econbiz.de/10005086653

A Theoretical Model of Barter in Russia

Noguera, Jose; Linz, Susan - Center for Economic Research and Graduate Education and … - 2003

This paper develops a general equilibrium model and proposes a theory to explain the main stylized facts about the growth of barter transactions in Russia during the 1990s. Because of the high opportunity cost of using fiat money, with a tight enough credit market it may be optimal for firms to...

Persistent link: https://www.econbiz.de/10005086675

Horizontal and Vertical FDI Spillovers: Recent Evidence from the Czech Republic

Stancik, Juraj - Center for Economic Research and Graduate Education and … - 2007

This paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. Using firm- level panel data from 1995 to 2003, it studies both horizontal and vertical spillovers. The study allows for the lagged nature of spillovers and pays at-...

Persistent link: https://www.econbiz.de/10005086654

A Multilevel Analysis of Innovation in Developing Countries

Srholec, Martin - Center for Economic Research and Graduate Education and … - 2011

Innovation is a multilevel phenomenon. Not only attributes of firms but also the framework conditions within which … a multilevel model of innovation which connects micro and macro levels of analysis in an integrated framework. National … resources are used to leverage innovation. Nevertheless, the results also draw attention to the limits of the existing models …

Persistent link: https://www.econbiz.de/10008862264

Competition Policy and Market Leaders

Maçi, Ilir; Zigic, Kresimir - Center for Economic Research and Graduate Education and … - 2008

We study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. We show that under plausible assumptions like free entry or repeated market interactions there is a social value of market leadership and...

Persistent link: https://www.econbiz.de/10005357521

The Effect of Credit Rationing on the Shape of the Competition-Innovation Relationship

Bena, Jan - Center for Economic Research and Graduate Education and … - 2008

Using a dynamic model of a step-by-step innovation race between financially constrained firms, I study how financial … constraints affect innovation activity. The novel theoretical results derive from an analysis of the interaction between the … incentive effect of competition on innovation and the effect competition has on the degree of credit rationing. I find that the …

Persistent link: https://www.econbiz.de/10005146547

CERGE-EI Tackles Transition

Dusek, Libor (contributor); Lizal, Lubomir (contributor) - Center for Economic Research and Graduate Education and …

This volume is a collection of articles reprinted from top refereed journals and contains the most influential scholarly papers published by CERGE-EI faculty over the past 20 years. An introduction is by Lubomír Lízal, Associate Professor with Tenure at CERGE-EI and member of the Board of the...

Persistent link: https://www.econbiz.de/10010940911