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We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …
Persistent link: https://www.econbiz.de/10012671880
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
Persistent link: https://www.econbiz.de/10013499115
public procurement tenders. However, there is no direct or broad empirical evidence on its innovation impact. There are even … doubts about its effectiveness as an innovation policy tool, as it does not require innovations as part of its contracts and …
Persistent link: https://www.econbiz.de/10012623448
Public procurement accounts for 15 to 20 percent of global GDP and is considered an effective innovation policy …
Persistent link: https://www.econbiz.de/10014502117
firm's products. Our econometric analysis uses data of two waves of the German part of the Community Innovation Survey (CIS …
Persistent link: https://www.econbiz.de/10011999582
This paper investigates the impact of Public Procurement of Innovation (PPI) and Research and Development (R&D) grants …’ awareness against a blanket increase in innovation policies without considering potential interactions. …
Persistent link: https://www.econbiz.de/10015048492
The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
Persistent link: https://www.econbiz.de/10013205580
Persistent link: https://www.econbiz.de/10011475647
The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the European Union. This paper develops and estimates a small open economy model with tradable and non-tradable sectors to characterise these adjustments. We demonstrate that...
Persistent link: https://www.econbiz.de/10012055479