stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain … attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …

innovation in the AI supply industries. However, this effect is small in magnitude and limited to service sectors and younger …

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new …

prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … necessary to take advantage of new technologies. Accordingly, increased uncertainty during times of rapid technological change …

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …

supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …

This paper explores the employment impact of innovation activity, taking into account both R&D expenditures and …-2010. The main outcome from the proposed fixed effect estimations is a labor-friendly nature of total innovation expenditures … ETC is included as a proxy for innovation activities. Moreover, the positive employment impacts of innovation activities …

statistically significant evidence of the expected labor-friendly nature of innovation. More in detail, neither R&D nor investment …

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …