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We study how funding agencies should set budget caps for competitive grants. We show that budget caps influence the researchers' submission strategy and, in particular, whether they steer their project choice towards the agencies' favorite projects, and the level of funds they request. The...
Persistent link: https://www.econbiz.de/10012414878
Specialisation strategies on the labour productivity of regional economies. We design an analytical framework that takes into account … Portal. The results show that Smart Specialisation strategies increase labour productivity as long as the priorities are set …
Persistent link: https://www.econbiz.de/10014433848
We study the implications of information technology (IT) in banking for financial stability, using data on US banks' IT equipment and the tech-background of their executives. We find that one standard deviation higher pre-crisis IT adoption led to 10% fewer non-performing loans during the global...
Persistent link: https://www.econbiz.de/10012494252
productivity. We embed the recently released data on patents and publications related to AI into an augmented panel model of … productivity growth, estimated for OECD countries, and compared to a non-OECD sample. Our instrumental variables' estimates …, accounting for AI endogeneity, provide evidence in favour of the modern (AI) productivity paradox. We show that the development …
Persistent link: https://www.econbiz.de/10013175558
This paper investigates the creation and integration of Artificial Intelligence (AI) patents in Europe. We create a panel of AI patents over time, mapping them into regions at the NUTS2 level. We then proceed by examining how AI is integrated into the knowledge space of each region. In...
Persistent link: https://www.econbiz.de/10012012944
This study contributes to the debate on VC-related policies that aim to support the growth of young high-tech firms in the EU. The study provides a systematic review of the results of 22 firm-level studies that estimate causal effects of VC using counterfactual impact evaluation methods and data...
Persistent link: https://www.econbiz.de/10014533546
This paper describes the construction of a microlevel database on knowledge creation by higher education institutions (KC-HEI), accompanying the Global Knowledge InputOutput database (KIO, Davies et al., 2023). The database was created as part of Project Rethink GCS. KC-HEI links PATSTAT...
Persistent link: https://www.econbiz.de/10014578212
Using the 2008-09 Global financial crisis and the 2012 Euro area sovereign debt crisis as natural experiments, we investigate the effects of contractions in credit supply on R&D spending in a large sample of European firms. Our identification strategy exploits differences in financial...
Persistent link: https://www.econbiz.de/10012137482
-financial firms, especially when the innovations of FinTech start-ups are more important, as proxied by future patent citations count. …
Persistent link: https://www.econbiz.de/10012799292
Exchange traded funds (ETFs) are one of the most influential financial innovations, reshaping the investment funds …
Persistent link: https://www.econbiz.de/10011802278