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same time it can modify the allocation of consumption, investment and the capital stock. With capital …, a shock to the process of capital-embodied technological progress is shown not to raise investment as much as could be … account of the improvement in the quality of capital goods rises only modestly. The muted investment response might seem very …
Persistent link: https://www.econbiz.de/10011823657
Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy … of corporate R&D investment trends, drivers and impacts. This paper focuses on the main differences between the EU and … and corporate R&D investment. Based on the literature review, the paper concludes that (a) there have been more dynamic …
Persistent link: https://www.econbiz.de/10011980250
This report surveys the literature on the employment impact of ICT. Two competing views - compensation and substitution theory - dominate the current economic debate. The first assumes that the labour-saving impact of technological progress is counterbalanced by various compensation mechanisms....
Persistent link: https://www.econbiz.de/10011979469
In this paper we assess the job creation effect of R&D expenditures, using a unique longitudinal database of 677 European companies over the period 1990-2008. We estimate a dynamic labour demand specification using a Least Squares Dummy Variable Corrected (LSDVC) technique. The labour-friendly...
Persistent link: https://www.econbiz.de/10011982194
direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose … a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation …
Persistent link: https://www.econbiz.de/10012433894
structure, innovation of operations, individual characteristics as well as farm location. Productivity performance by farm …
Persistent link: https://www.econbiz.de/10012249042
This paper investigates the innovation impact of intangibles by considering the decision of firms to invest in a … these investments are directed to. Intangibles need to be managed strategically in order to have an innovation impact and … the policy support of this type of investment must take this strategic use into account. …
Persistent link: https://www.econbiz.de/10011983698
augmented with technology. We find that R&D expenditures - fostering product innovation - have a job-creating effect, in …
Persistent link: https://www.econbiz.de/10011980557
In this article, we analyse the microeconomic relationship between innovation and employment, using company data from …&D can account for both product and process innovation. The existence of non constant elasticities is assessed, due to the … implications for policymakers: R&D and innovation supporting policies should be correctly tailored and monitored since the results …
Persistent link: https://www.econbiz.de/10011981949
The paper aims at investigating whether Key Enabling Technologies (KETs) can have a role in facilitating regional Smart Specialisation Strategies (S3). Drawing on the economic geography approach to S3, we formulate some hypotheses about the impact that KETs-related knowledge can have on the...
Persistent link: https://www.econbiz.de/10011983765