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Persistent link: https://www.econbiz.de/10003662094
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated...
Persistent link: https://www.econbiz.de/10011283837
Persistent link: https://www.econbiz.de/10003623797
In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … standards. This can be done by leveraging production networks to graduate to higher value-added, knowledge-intensive activities …
Persistent link: https://www.econbiz.de/10009571750
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10009724017
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...
Persistent link: https://www.econbiz.de/10003720335
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D...
Persistent link: https://www.econbiz.de/10012219372
Persistent link: https://www.econbiz.de/10003497617
under pressure. On the basis of theory and available empirical insights, the paper outlines the conditions where specific …
Persistent link: https://www.econbiz.de/10010404426