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Existing studies associates financial constraints among innovators to small, young and high-tech firms. High adjustment cost implies that firms save money by smoothing innovation spending across the business cycle if they have available resources. This paper examines whether previous findings on...
Persistent link: https://www.econbiz.de/10011099542
-lines influence the likelihood that a firm will be a persistent exporter and the productivity growth of such persistently exporting … total factor productivity of persistent exporters, however, increases with intensity of invention activities, accessibility …
Persistent link: https://www.econbiz.de/10010818725
This paper is concerned with the productivity and growth of Swedish exporting firms. Using data on 9,580 manufacturing … that does not engage in innovation and has scarce access to external knowledge, the level of productivity is 2-12 percent …
Persistent link: https://www.econbiz.de/10010741439