Many papers have been written about the effect of firm size on innovativeness, revealing a positive, a negative or a mixed impact. To this day, the so-called Schumpeterian hypothesis of the above-average innovativeness of large firms has been neither confirmed nor rejected, often because of...

Introduction -- Shortages and strikes, 1945-1948 -- The era of "The treaty of Detroit," 1949-1950 -- No longer the arsenal of democracy, 1951-1952 -- A post-Korean War boom, 1953 -- A "painfully inconvenient" recession, 1954 -- The fifties in one year, 1955 -- "A severe and prolonged hangover,"...

Many papers have been written about the effect of firm size on innovativeness, revealing a positive, a negative or a mixed impact. To this day, the so-called Schumpeterian hypothesis of the above-average innovativeness of large firms has been neither confirmed nor rejected, often because of...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...