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The literature of new growth theory regards Research and Development (R&D) as a crucial factor in economic growth. This is because R&D not only improves production technology, but also because of its significant externality (spillover) effects on other firms. This paper employs the model...
Persistent link: https://www.econbiz.de/10013068203
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …
Persistent link: https://www.econbiz.de/10011605109
competition arising from trade reforms lead to increases in innovation? This paper attempts to examine the link between trade … liberalization and innovation using firm panel data on the Philippine manufacturing industry. With the framework of Impulliti and … Licandro (2009, 2010) as guide, a two-stage approach is tested where trade and innovation are linked via competition. A …
Persistent link: https://www.econbiz.de/10011421238
Industrial development requires technological capability in industry. National innovation system is anchored on the … critical at the firm level. This paper describes the structure and characteristics of the Philippine national innovation system …, and compares it with the American, Japanese, and German national systems of innovation. It concludes that the Philippine …
Persistent link: https://www.econbiz.de/10011429700
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms' bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing bid...
Persistent link: https://www.econbiz.de/10010333873
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10010334125
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10010397326
Persistent link: https://www.econbiz.de/10011439939
use both academic publications and patent data to trace the geographical distribution of related knowledge and innovation …
Persistent link: https://www.econbiz.de/10011547059
Persistent link: https://www.econbiz.de/10011413449