This paper compares investments in innovation from the early days of the financial crisis up to mid 2009 using a survey covering more than 5,000 firms across twenty one European countries. Our interest is in how differences in labour market institutions and human capital affect a firm's...

The 2008 economic crisis has severely reduced the short-term willingness of firms to invest in innovation. But this reduction has not occurred uniformly and a few firms even increased their investment in spite of the adverse macroeconomic environment. This paper, based on the latest three waves...

1. At the root of the crisis : some proposed explanations -- 2. Technological change, patterns of innovation, and economic development : the contribution of the neo-Schumpeterian research -- 3. The role of the rules : national systems of innovation and labour market institutions -- 4. Is the...