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Functioning markets for technology are an important determinant for the type, scope and distribution of innovation … activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes … structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the …
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We report on two experiments that identify non-monetary incentive effects of competition. As the number of competitors increases, monetary incentives to engage in cost reduction tend to decrease. We test the hypothesis that there are non-monetary incentive effects of competition going in the...
Persistent link: https://www.econbiz.de/10011697511
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...
Persistent link: https://www.econbiz.de/10011621855
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012239797
suggest that developing countries grow faster when they are globally competitive in low-technology manufacturing and natural …
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