Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede … innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts …, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper …

environment and asks how local knowledge spillovers affect firms' innovation persistence. The empirical analysis draws upon a … bands show that the strength of knowledge spillovers that contribute to innovation persistence via true state dependence …Recent empirical evidence has shown that firm’s innovation behavior exhibits high persistency but not much is known …