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Should Continued Family Firms Face Lower Taxes than Other Estates?

Grossmann, Volker - 2009

Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...

Persistent link: https://www.econbiz.de/10012766594

Dynamic Models of R&D, Innovation and Productivity : Panel Data Evidence for Dutch and French Manufacturing

Raymond, Wladimir - 2015

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Persistent link: https://www.econbiz.de/10013035434

Demographic Structure and Macroeconomic Trends

Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …

Persistent link: https://www.econbiz.de/10013315503

Entrepreneurial Innovation and Sustained Long-Run Growth Without Weak or Strong Scale Effects

Grossmann, Volker - 2021

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong scale effect") or the level of per capita income ("weak scale effect"), with far-reaching policy implications. However, for modern times there is little empirical support...

Persistent link: https://www.econbiz.de/10013316550