substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …, indicating ’Long–Covid’ effects on innovation. In 2020, innovation expenditure fell by 4.7 % due to the pandemic. In 2022 …, innovation spending was even 5.4 % lower compared to the counterfactual scenario without the pandemic. Firms with higher pre …

the pandemic (2020), but also in the two subsequent years indicating ’Long–Covid’ effects on innovation. Furthermore …, firms with higher pre-treatment digital capabilities show higher innovation resilience during the pandemic. Finally, our … results show an asymmetric firm behaviour. Firms profiting from the pandemic situation also cut their innovation activities …

crisis. It also sheds light on the particularities of the coronavirus crisis and suggests possible innovation policy measures. … from past recessions and addresses the question of how these experiences can be used to understand the current coronavirus …

substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …, indicating 'Long-Covid' effects on innovation. In 2020, innovation expenditure fell by 4.7 % due to the pandemic. In 2022 …, innovation spending was even 5.4 % lower compared to the counterfactual scenario without the pandemic. Firms with higher pre …

heterogeneous across countries: Innovation leaders and followers behave countercyclically during recessions while moderate … countries behind the innovation frontier might strengthen their resilience to economic crises by adopting countercyclical R …