During the last decades, traditional manufacturing firms in Western economies have undergone a rapid transformation. Two effects of the globalised economy prompting firms to outsource labour intensive production to low wage areas are the increased market size and the competition. Innovation is a...

In this article, a unique data set for Danish manufacturing firms has been used to analyse the interplay between export, R&D investments and productivity. In addition to traditional tests, a nonparametric test for differences in stochastic distributions gives evidence that the productivity...

This book explores the revolutionary development of the theory of the firm over the past 35 years. Despite rapid progress in the field, new developments in the microeconomic and industrial organization literature have been relatively scant. This book attempts to redress the balance by providing...