Recent studies in the tradition of Schmookler have re-emphasised the potential role of demand in stimulating innovation. Here, we reconsider the role of home and export market demand in stimulating manufacturing innovation using comparable panel data for two small open economies - Ireland and...

The innovation value chain (IVC) divides the innovation process into three separate links or activities: knowledge gathering, knowledge transformation and knowledge exploitation. Here, we report a comparative panel data analysis of the IVC in Ireland and Switzerland. Both economies are small,...

In their introduction to the special issue of the Review of Economic Dynamics on Great Depressions of the 20th Century (Vol. 5, 2002), Timothy J. Kehoe and Edward C. Prescott argue that in the last few years great depressions have hit two rich countries: New Zealand and Switzerland. We briefly...