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Does Public Scientific Research Complement Industry R&D Investment? The Case of NIH Supported Basic and Clinical Research and Pharmaceutical Industry R&D

Toole, Andrew A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

This research investigates the hypothesis that publicly funded scientific research complements private R&D investment in the pharmaceutical industry. New microlevel data on public research investment by the U.S. National Institutes of Health allow measures of basic and clinical research in seven...

Persistent link: https://www.econbiz.de/10005097919

True Versus Spurious State Dependence in Firm Performance: The Case of West German Exports

Kaiser, Ulrich; Kongsted, Hans Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

This paper analyzes the persistence of firms' exporting behavior in a panel of West German manufacturing firms. Dynamic binary choice models allow us to distinguish between true and spurious state dependence in firm performance. Using random effects models as well as a recent fixed effect...

Persistent link: https://www.econbiz.de/10005098229

Persistence of Innovation: Stylised Facts and Panel Data Evidence

Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data set on German manufacturing and service firms for the period 1994?2002. We find that innovation behaviour is permanent at the firm?level to a very large extent. Using a dynamic...

Persistent link: https://www.econbiz.de/10005098235

Unemployment Persistence: Is There Evidence for Stigma Effects?

Biewen, Martin; Steffes, Susanne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

We present evidence for a highly significant interaction between state dependence in individual unemployment risk and … high unemployment and larger in times of low unemployment. This is consistent with the existence of stigma effects in the … sense that unemployed individuals face difficulties finding a new job because employers interpret unemployment as a negative …

Persistent link: https://www.econbiz.de/10005098273

Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...

Persistent link: https://www.econbiz.de/10008567560

Intangible assets and firm-level productivity

Crass, Dirk; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Firms invest huge amounts into intangible assets. This paper explores to which extent different kinds of intangible assets are conducive to firm-level productivity. Our study contributes to the literature by simultaneously comparing productivity effects of innovative capital, human capital,...

Persistent link: https://www.econbiz.de/10011122562

Direct democracy and local public finances under cooperative federalism

Asatryan, Zareh; Baskaran, Thushyanthan; Grigoriadis, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper exploits the introduction of the right of referenda at the local level in the German state of Bavaria in 1995 to study the fiscal effects of direct democracy. In the first part of the paper, we establish the relationship between referenda activity and fiscal performance by using a new...

Persistent link: https://www.econbiz.de/10010957619

The effect of direct democracy on the level and structure of local taxes

Asatryan, Zareh; Baskaran, Thushyanthan; Heinemann, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We study the effect of direct democracy on local taxation. Our setting is the German federal state of Bavaria, where in 1995 a state-wide referendum introduced the possibility to initiate direct democratic legislation into the local government code. Relying on a sample of all Bavarian...

Persistent link: https://www.econbiz.de/10010957669

The indirect effects of direct democracy: Local government size and non-budgetary voter initiatives

Asatryan, Zareh - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Recently a wide and empirically-backed consensus has emerged arguing that direct democratic control over government's spending decisions through initiatives and referenda constrains government size. But what happens if budgetary matters are excluded from the voters' right of the initiative? I...

Persistent link: https://www.econbiz.de/10010957753