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Innovation height, spillovers and TFP growth at the firm level: Evidence from French manufacturing
Emmanuel, DUGUET - EconWPA - 2004
firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …
Persistent link: https://www.econbiz.de/10005407643
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Innovation and Market Value
Hall, Bronwyn H. - EconWPA - 1999
This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation is briefly presented. Then the empirical literature...
Persistent link: https://www.econbiz.de/10005413048