Showing 1 - 10 of 91
This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econometric models of fixed investment or R&D. In identical specifications for...
Persistent link: https://www.econbiz.de/10010884496
This paper analyzes differences in R&D spending and in the impact of R&D on productivity between German and UK firms. We confirm that German firms spend significantly larger amounts on R&D than their UK counterparts, even after controlling for firm size and industry effects. Using a dynamic...
Persistent link: https://www.econbiz.de/10010745353
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...
Persistent link: https://www.econbiz.de/10010745637
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 a...
Persistent link: https://www.econbiz.de/10011126004
Support for R&D subsidies relies on empirical evidence that R&D "spills over" between firms. But firm performance is affected by two countervailing R&D spillovers: positive effects from technology spillovers and negative business stealing effects from R&D by product market rivals. We develop a...
Persistent link: https://www.econbiz.de/10011126428
improvements in clinical quality. In January 2006, the British Government introduced a major extension of their market …. This paper assesses whether this aim has been achieved and competition led to improvements in quality. For our estimation … analyze whether quality improved more quickly in more competitive markets after the government introduced its new wave of …
Persistent link: https://www.econbiz.de/10010884675
quality. We use a difference-in-difference-style estimator to test whether hospital quality (measured using mortality from …. We find that after the reforms were implemented, mortality fell (i.e. quality improved) for patients living in more … competitive markets. Our results suggest that hospital competition can lead to improvements in hospital quality. …
Persistent link: https://www.econbiz.de/10011126074
We use a representative and cross-country comparable sample of manufacturing firms (EFIGE) to document patterns of interaction among firm-level internationalization, innovation and productivity across seven European countries (Austria, France, Germany, Hungary, Italy, Spain, United Kingdom). We...
Persistent link: https://www.econbiz.de/10011126527
diverse cities helping firms innovate. This paper uses a dataset of over 2,000 UK SMEs to test between these two. Controlling …
Persistent link: https://www.econbiz.de/10011126722
This paper is concerned with semiparametric estimation of a threshold binary response model. The estimation method considered in the paper is semiparametric since the parameters for a regression function are finite-dimensional, while allowing for heteroskedasticity of unknown form. In...
Persistent link: https://www.econbiz.de/10010884620