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This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...
Persistent link: https://www.econbiz.de/10011339805
This study investigates the determinants of FDI in Austria, as well as their spillovers to innovating technologies, productivity, and employment, using firm-level data, for the period 2008-2018. The findings point out that a decrease in the costs of trade increases investment in foreign-owned...
Persistent link: https://www.econbiz.de/10013257423
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10012421142
emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy … makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is … extensively as a proxy for innovation in the literature. Here, we use a production function approach to estimate the return to R …
Persistent link: https://www.econbiz.de/10011811948
external finance, to identify a causal effect of bank credit supply on firm investment in innovation. We show that firms that …
Persistent link: https://www.econbiz.de/10012137482
This study investigates the determinants of FDI in Austria, as well as their spillovers to innovating technologies, productivity, and employment, using firm-level data, for the period 2008-2018. The findings point out that a decrease in the costs of trade increases investment in foreign-owned...
Persistent link: https://www.econbiz.de/10013382163
In recent decades, Chinese researchers have become preeminent contributors to the scientific enterprise, as reflected by the number of publications originating from Chinese research institutions. China's rise in science has the potential to push forward the global frontier, but mere production...
Persistent link: https://www.econbiz.de/10013489712
refocus the debate and analyses the economic issues, impacts and implications of the innovation clusters policy. To do this … cooperation. We assume that innovation cluster "potentiates", by a synergistic action, the beneficial effect of each of these …
Persistent link: https://www.econbiz.de/10011502417
für das Wachstum der ostdeutschen Unternehmen zu erhöhen, sollten Forschung und Entwicklung (FuE) sowie Innovation auch …
Persistent link: https://www.econbiz.de/10011602281
Workers have different abilities in research, development and innovation (R&D&I) activities. Firms have different … “prospects for innovation”. Innovation is facilitated by matching innovators, i.e. workers that are specialized in R&D&I to firms … with good prospects for innovation. Aggregate productivity growth requires that firms with the best prospects for …
Persistent link: https://www.econbiz.de/10012037668