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innovation performance, addressing endogeneity by exploiting within firm variation as well as variation in labor supply across … regions. We find that vertical educational diversity increases the extensive margin of R&D and product innovation …, particularly new product innovation. However, the relationship with process innovation, R&D intensity, and product innovation …
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This paper investigates how the macroeconomic business cycle impacts the empirical relation between firms' innovations and their sales growth rates. Based on firm-level panel data over the time period 1995-2014, the paper finds no visible sales growth differentials between firms in booming...
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