Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an … imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …

This paper examines the interdependence between innovation and imports of intermediates, and their joint impact on … productivity. We do so by developing a quantitative model with heterogeneous firms and international trade where firms can invest … cover the fixed costs of sourcing foreign inputs, which in turn also has a benign impact on measured productivity. Using …

The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of … technologies and that joint adoption leads to higher productivity. Without having introduced complementary organizational … innovations, the adoption of CO2 reducing technologies is associated with lower productivity. …

technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that … product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign … jointly explains the observed selection process and the innovation decisions. Further, we show in the data that innovation on …

We explore the relationship between innovation activity, productivity, and exports using a panel of Spanish … innovation seems to explain the positive association between exports and productivity for this group of firms. For small non … manufacturing firms for 1990-1998. Our results - based on non-parametric tests - suggest that firm innovation status is important in …

constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … the technological frontiers. Furthermore, the negative effect of financial constraints on productivity is amplified as … these constraints force export and innovation activities to become substitutes even when these activities are natural …

future of innovation? First-rate inventions in the 1990s, notably the web and user-friendly business productivity software …Productivity growth in the United States was considerably faster during 2000-03 than in the boom years of 1995 …-2000. This ebullient productivity performance raises numerous questions about its interpretation and its implications for the …

unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a … measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … affects total factor productivity growth. We do find that VC investment is positively associated with labor productivity but …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998 … play a significant role in facilitating Malaysia’s rebound. However, the financial crisis was deepening in Malaysia in the …