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A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their...
Persistent link: https://www.econbiz.de/10012479723
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …
Persistent link: https://www.econbiz.de/10012463325
between appropriability mechanisms, innovation and firm-level productivity. We enrich this model in several ways. First, we … consider different types of innovation spending and study the differences in estimates when innovation spending (rather than R …&D spending) is used to predict innovation in the CDM model. Second, we assume that a firm simultaneously innovates and chooses …
Persistent link: https://www.econbiz.de/10012458153
innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The …
Persistent link: https://www.econbiz.de/10012459572
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this … innovation are derived. The recent empirical evidence on the relationship between innovation and productivity in firms is then … surveyed. The conclusion is that there are substantial positive impacts of product innovation on revenue productivity, but that …
Persistent link: https://www.econbiz.de/10012461479