Showing 1 - 10 of 123
investments has been under-researched. This study aims to investigate whether corporate innovation is linked to the maturity of … find that longer-term contracts are positively related to firm propensity of innovation. However, only contracts with … for domestic suppliers in a developing country. Interestingly, longer contracts do not tend to facilitate firm innovation …
Persistent link: https://www.econbiz.de/10012264923
Innovation is critical to technological progress and has many theories to explain its processes. Organised competition … has been shown empirically to provide an alternative pathway for innovation within an industry, increasing innovation … rates and radicalness. This research introduces and develops the new staged competition innovation theory which builds on …
Persistent link: https://www.econbiz.de/10012651388
Persistent link: https://www.econbiz.de/10003490578
This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S. manufacturing industries over the period 1973 to 1993. The...
Persistent link: https://www.econbiz.de/10012471310
The importance of sticky prices in business cycle fluctuations has been debated for many years. But we argue, based on a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an increase in factor prices from its response to an increase...
Persistent link: https://www.econbiz.de/10012471473
Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute...
Persistent link: https://www.econbiz.de/10012471474
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10012464671
Firm- and plant-level empirical studies typically find that trade liberalization squeezes price-cost margins among import-competing firms, that this heightened competitive pressure induces productivity gains among these same firms, and that further efficiency gains come from market share...
Persistent link: https://www.econbiz.de/10012468750
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...
Persistent link: https://www.econbiz.de/10012468909
This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices...
Persistent link: https://www.econbiz.de/10012471934