Showing 1 - 10 of 370
We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...
Persistent link: https://www.econbiz.de/10013346735
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
Knowledge-based capital is a key factor for productivity growth. Over the past 15 years, it has been increasingly … regressions with firm-level survey data from the Mannheim Innovation Panel (MIP). All regressions show a positive and significant …
Persistent link: https://www.econbiz.de/10012292714
This paper deals with the slowdown of economic growth in Europe. For that purpose, we focus on factors that affect the … long-run growth path of different economies. Special emphasis is paid to institutional and structural factors that are … often assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of …
Persistent link: https://www.econbiz.de/10012503058
—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014495766
How does antitrust enforcement against patent-based monopolies affect innovation? I address this question by … ordered to license all its copier-technology patents in the US and abroad. I show that this promoted innovation by other firms … available for licensing. This positive effect is driven by increased innovation by Japanese competitors. They started developing …
Persistent link: https://www.econbiz.de/10014479185
account for most of patenting growth whereas overseas patentees have played a diminishing role. Third, patentees have greatly …
Persistent link: https://www.econbiz.de/10014504832
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
Obtaining indicators on innovation activities of firms has been a challenge in economic research for a long time. The … throughputs in the innovation process. Output measurement of innovation has strongly been relying on survey data such as the … Community Innovation Survey (CIS), but suffers from several short-comings typical to sample surveys, including incomplete …
Persistent link: https://www.econbiz.de/10012888552
This paper studies the effect of regional spillovers on the rate of firm formation in two major West German industries for the time period from 1989 to 1993. I exploit regional variations in firm formation at the county level to identify the effects of historically given industry structure and...
Persistent link: https://www.econbiz.de/10011621492