Um die Wettbewerbsfähigkeit ihrer Volkswirtschaften zu stärken, investieren viele Länder jährlich große Summen in Forschungs- und Entwicklungsaktivitäten. Begründet werden staatliche Förderungen von FuE-und Innovationsaktivitäten (F&I) in der Wirtschaft und direkte staatliche...

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, we investigate the employment effects of innovations...

The shift of employment from lower to higher productive firms is an important driver for structural change and industry dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by product innovation may be offset by employment...

The paper investigates the reaction of public R&D spending on economic crises. We are interested in two counteracting motives: On the one hand, public R&D spending can be seen as a means to fight the crisis, and governments may decide to increase their R&D budgets. On the other hand, a crisis...