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The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper … the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and … additionally for SMEs. To this end firms? innovation decisions are considered. The decision to innovate in one period is modelled …
Persistent link: https://www.econbiz.de/10010297408
In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to...
Persistent link: https://www.econbiz.de/10010297661
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10010307846
A growing literature investigates how firms' innovation input reacts to changes in the business cycle. However, so far … there is no evidence whether there is cyclicality in the effects of innovation on firm performance as well. In this paper …. (2014), our empirical analysis reveals four important findings: First, the net effect of product innovation on employment …
Persistent link: https://www.econbiz.de/10011562003
The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper … the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and … additionally for SMEs. To this end firms? innovation decisions are considered. The decision to innovate in one period is modelled …
Persistent link: https://www.econbiz.de/10005097512
This paper provides a labour supply explanation to the observation that in Germany employment changes are asymmetric during the business cycle. Employment increases are slower, because the reservation wage of workers increases in times of job uncertainty. Workers are afraid in those periods of...
Persistent link: https://www.econbiz.de/10010297625
We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with respect to family background. Similar to previous studies, we find sizeable...
Persistent link: https://www.econbiz.de/10010297535
Regions with biotechnology-specific knowledge seem to have best chances to attract potential entrepreneurs to establish a biotechnology-firm. Furthermore, regional oriented technology policy is supposed to stimulate the creation process of biotechnology clusters, too. The BioRegio contest (BRC)...
Persistent link: https://www.econbiz.de/10010297462
Mit der Venture Capital (VC)-Finanzierung als Teil eines regionalen Innovationssystems sind Erwartungen verbunden, die Kommerzialisierung neuer Forschungsergebnisse in marktfähige Produkte in einer Region zu fördern. In Erwartung positiver Effekte eines solchen Kapitalzuflusses in eine Region...
Persistent link: https://www.econbiz.de/10010298085
Mit der Venture Capital (VC)-Finanzierung als Teil eines regionalen Innovationssystems sind Erwartungen verbunden, die Kommerzialisierung neuer Forschungsergebnisse in marktfähige Produkte in einer Region zu fördern. In Erwartung positiver Effekte eines solchen Kapitalzuflusses in eine Region...
Persistent link: https://www.econbiz.de/10005097648