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We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009523478
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech industries), and this...
Persistent link: https://www.econbiz.de/10011476418
investment in information and communication technology (ICT) and energy use, influence productivity levels. A dynamic factor … the allocation of public investment and support is limited. The results presented herein show that ICT/non-ICT capital … investment are substitutes for labor and energy use. We also find a high output growth rate in the sampled sectors, and …
Persistent link: https://www.econbiz.de/10010339597
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role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
evidence of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover … effects from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector …
Persistent link: https://www.econbiz.de/10003940536
investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large …
Persistent link: https://www.econbiz.de/10009422268
arise once specialized investment is made. Therefore, this paper investigates whether such agreements affect firm …-level investment. Based on the IAB Establishment Panel Survey 2001-2010 our estimates reveal that the adoption of a company-level pact … leads to a higher investment rate than in other firms driven by re-investment. However, the Great Recession has damped this …
Persistent link: https://www.econbiz.de/10009700205