This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … conditional mean of labor productivity: through an observed binary indicator, an observed intensity variable or through the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and … innovation market. If employment protection is introduced, firms’ willingness to pay for product or process innovations increases … estimated negative impact of wrongful dismissal laws in the US on productivity and the positive effect on the number of …

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the … concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly … value of innovations with the social one. This comparison sheds a new light on the consequences of non-rivalry of knowledge …

discussion on possible causes of productivity change in banking. We demonstrate how the banking sector’s service production can … productivity Tornqvist indices for six countries (Finland, Sweden, United Kingdom, Germany, France and Italy) over a period varying … from 11 to 20 years. According to the results, Finnish banking sector productivity has improved via a substantial reduction …