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We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a sample of Italian manufacturing firms. A high share of temporary - thus unexperienced - workers is associated to low innovation and productivity. The effect of managerial...
Persistent link: https://www.econbiz.de/10013141023
This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
Persistent link: https://www.econbiz.de/10013092604
Since governments can influence the demand for a new abatement technology through their environmental policy, they may … be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R …
Persistent link: https://www.econbiz.de/10013316012
The EU’s cohesion policy should now be confluent with the goals of the Lisbon strategy by promoting growth and employment. In this context, the promotion of a concept called regional innovation system has recently become important in the EU for guaranteeing long-term regional economic growth....
Persistent link: https://www.econbiz.de/10013315973
concerns. We first lay out the justifications for government support to clean R&D activity at the various stages of technology …
Persistent link: https://www.econbiz.de/10013021714
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10013141086
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …
Persistent link: https://www.econbiz.de/10013119521
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10013160381
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as …
Persistent link: https://www.econbiz.de/10013316352
Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …
Persistent link: https://www.econbiz.de/10013318283