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rate. In particular, investment in R and D, capital infrastructure and vocational training improves innovation and …
Persistent link: https://www.econbiz.de/10011715425
This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome by building a unique dataset uniting detailed firm balance sheet information with firm patent data for the period of 1998-2007. We find strong evidence that within-firm...
Persistent link: https://www.econbiz.de/10011716316
This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results … significant contribution to the increase in clean innovation. These effects generally materialized quickly, within 2 to 3 years of … at electricity innovation in particular, the paper finds that the estimated effect on total innovation is positive on net …
Persistent link: https://www.econbiz.de/10012605122
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012391969
This paper investigates the microeconomic origins of aggregate economic fluctuations in Europe. It examines the relevance of idiosyncratic shocks at the top 100 large firms (the granular shocks) in explaining aggregate macroeconomic fluctuations. The paper also assesses the strength of...
Persistent link: https://www.econbiz.de/10011748905
The monetary transmission mechanism in the euro area has been adversely affected by the recent crises. Using survey data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in bank funding costs and borrower leverage matter for...
Persistent link: https://www.econbiz.de/10014411219
offers a more comprehensive assessment of Italian competitiveness, focusing on the role of innovation and the evolution of …
Persistent link: https://www.econbiz.de/10014411220
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949