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The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years …. A central problem in the literature is that firm performance is affected by two countervailing "spillovers": a positive … effect from technology (knowledge) spillovers and negative business stealing effects from product market rivals. We develop a …
Persistent link: https://www.econbiz.de/10005670643
How and by how much do supervisors enhance worker productivity? Using a company-based data set on the productivity of …
Persistent link: https://www.econbiz.de/10011096841
estimates of the tax?price elasticity of R&D and the effect of R&D on productivity. For the latter we allow R&D to have an …
Persistent link: https://www.econbiz.de/10005016782
UK productivity stagnated after the Great Recession of 2008-09 and remains about 15 percent below historical trends …. This 'productivity puzzle' is due to a mixture of cyclical and structural effects - the fall is not entirely permanent; and …
Persistent link: https://www.econbiz.de/10011203044
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/10010549053
" hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improvehome country productivity. Using …
Persistent link: https://www.econbiz.de/10005797205
This paper analyzes differences in R&D spending and in the impact of R&D on productivity between German and UK firms …
Persistent link: https://www.econbiz.de/10005016788
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/10005670440
progress takes the form of an increase in the number of varieties, raising average productivity. In addition, the expansion in …
Persistent link: https://www.econbiz.de/10005016646
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10005670485