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Persistent link: https://www.econbiz.de/10009742009
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of ….5% because it deters entry of new high-type firms. 0n the contrary, substantial improvements (of the order of 5% improvement in …
Persistent link: https://www.econbiz.de/10013083293
Persistent link: https://www.econbiz.de/10010471057
Persistent link: https://www.econbiz.de/10010390432
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10014037664
patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the …
Persistent link: https://www.econbiz.de/10014140031