fact might be the different investment behavior of farmers in the two countries. We experimentally analyze whether the … investment behavior of farmers is consistent with the normative benchmarks of the net present value criterion or the real options … approach. Furthermore, we experimentally compare the investment behavior of farmers in the two countries in an agricultural and …

returns than needed to secure investment, even when taking the uncertainties involved into account. The results obtained can …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

its various socioeconomic dimensions concludes that nanotechnology is rightly viewed as a key innovation. It can be used … pharmaceuticals, vehicle manufacture and environmental and energy technology. Despite the high degree of uncertainty surrounding …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …

We investigate the effects of production offshoring on the innovation activities of manufacturing firms in the home … offshoring may hurt innovation because of the lost links between production and product development are not supported by the …

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … welfare state, as well as through offshoring and reduced fixed capital investment of the corporate sector. The outcome was …