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industry level the impact of energy prices on green innovation activities. Our econometric models show that energy prices and … green innovation activities are positively related and that energy prices have a significantly positive impact on the ratio … lag between energy prices and innovation activities. Robustness tests confirm the main results. …
Persistent link: https://www.econbiz.de/10011386846
recent literature is that there is a clear impact of environmental policy on invention, innovation and diffusion of …
Persistent link: https://www.econbiz.de/10010325490
We estimate the effect of employer offers of retiree health benefits (RHBs) on the timing of retirement using a sample of Health and Retirement Study (HRS) men observed over a period of up to 12 years. We hypothesize that the effect of RHBs differs for workers of different ages - a hypothesis we...
Persistent link: https://www.econbiz.de/10010288029
We estimate the effect of employer offers of retiree health benefits (RHBs) on the timing of retirement using a sample of men observed over a period of up to 12 years in the Health and Retirement Study (HRS). Our main concern is that such estimates may be contaminated by unobserved...
Persistent link: https://www.econbiz.de/10010288031
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network …
Persistent link: https://www.econbiz.de/10010325532
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488
This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper …
Persistent link: https://www.econbiz.de/10010263572
This paper presents a dynamic model that analyzes how firms' expectations with regards to technological change influence the demand for outsourcing. We show that outsourcing becomes more beneficial to the firm when technology is changing rapidly. As the pace of innovations in production...
Persistent link: https://www.econbiz.de/10010268654
We present a dynamic model where the probability of outsourcing production is increasing in the firm's expectation of technological change. As the pace of innovations in production technologies increases, the less time the firm has to amortize the sunk costs associated with purchasing and...
Persistent link: https://www.econbiz.de/10010269467