Showing 1 - 10 of 392
This research empirically establishes and theoretically motivates the hypothesis that population aging has a hump-shaped effect on inventive activity. We estimate this hump-shaped relationship in a panel of 33 OECD countries over the period 1960-2012. The increasing part of the hump captures the...
Persistent link: https://www.econbiz.de/10012993693
Environmental regulations have consistently been found to spur innovation in ‘clean' technologies, with one significant … effect on innovation. Several explanations have been offered, including secondary market failures and a lack of polluter …, contrary to past experience, encouraged innovation rather than adoption. I discuss how these contrasting findings can be …
Persistent link: https://www.econbiz.de/10012925254
commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive …
Persistent link: https://www.econbiz.de/10013316240
that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could … embedded in talented immigrants targeted for innovation …
Persistent link: https://www.econbiz.de/10012914679
I investigate the contribution of pharmaceutical innovation to recent longevity growth in Germany and France. First, I …-2006. The estimates imply that chemotherapy innovation accounted for at least one-sixth of the decline in French cancer …
Persistent link: https://www.econbiz.de/10013069689
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
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10013057269
We develop a simple theoretical model of a long term buyer-supplier relationship with non-contractible buyer specific R&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement strategies. We address these issues empirically...
Persistent link: https://www.econbiz.de/10013026633
at the firm level. Product innovation is a key factor for successful market entry in models of creative destruction and … Schumpeterian growth. Process innovation helps securing a firm's market position given the characteristics of its product supply …. Both modes of innovation are expected to raise a firm's propensity to export. According to new trade theory, we conjecture …
Persistent link: https://www.econbiz.de/10012750419
promotion. In this paper, we assess one popular justification for feed-in tariffs, i.e., induced innovation as a positive … spillover externality. Based on regressions with a time-technology fixed effect negative binomial model, we find that innovation …
Persistent link: https://www.econbiz.de/10013315626