Motivated by a theoretical model, we examine for 43 countries whether it is policy or policy uncertainty that affects technological innovation more. Innovation activities, measured by patent based proxies, are not, on average, affected by which policy is in place. Innovation activities however,...

Current Economic Policy Uncertainty (EPU) indicators are highly correlated with macroeconomic growth. To better reveal the EPU perceived by each firm, a firm-level EPU index is constructed using a text mining method. Using data of Chinese A-share listed companies from 2011 to 2020, this study...

Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation. Progress on this topic has been inhibited by difficulties in measuring distance and movement in knowledge space. We describe a methodology that infers the mapping of the...

Without advanced educational research, development will not occur and only technologically educated people can command the skills necessary for sustainable growth and development. However, the current generations of university postgraduate students are ushering in a new paradigm for research....

Das ifo Instiut hat ein neues Handbuch der umfragebasierten Konjunkturforschung erstellt. Das Handbuch gibt einen Überblick über die regelmäßigen Befragungsaktivitäten des Instituts und zeigt Möglichkeiten der wissenschaftlichen Verwertung der Befragungsergebnisse im Rahmen der...

Das ifo Instiut hat ein neues Handbuch der umfragebasierten Konjunkturforschung erstellt. Das Handbuch gibt einen Überblick über die regelmäßigen Befragungsaktivitäten des Instituts und zeigt Möglichkeiten der wissenschaftlichen Verwertung der Befragungsergebnisse im Rahmen der...

This paper provides an empirical verification of the relationship between innovation adoption and productivity growth. After a brief revision of the literature about the concept and main determinants of innovation adoption/diffusion, the paper provides empirical evidence of the above-mentioned...

Political activism positively affects firm innovation. Firms that support more politicians, politicians on Congressional committees with jurisdictional authority over the firms' industries and politicians who join those committees innovate more. We employ instrumental variables estimation and a...

We hypothesize that political activism is valuable because it helps reduce political uncertainty, which, in turn, fosters firm innovation. We find that firms that support more politicians, winning politicians, politicians on Congressional committees with jurisdictional authority over the firms'...