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The effect of financial crises on innovation is an unsettled and important question for economic growth, but one difficult to answer with modern data. Using a differences-in-differences design surrounding the Great Depression, we document that local distress caused by the Depression led to a...
Persistent link: https://www.econbiz.de/10012838012
than by increasing the productivity of incumbent inventors. …
Persistent link: https://www.econbiz.de/10010951350
The Plant Patent Act of 1930 was the first step towards creating property rights for biological innovation: it introduced patent rights for asexually-propagated plants. This paper uses data on plant patents and registrations of new varieties to examine whether the Act encouraged innovation....
Persistent link: https://www.econbiz.de/10009004111
We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey data...
Persistent link: https://www.econbiz.de/10008823197
. Digital technologies offer opportunities to raise firms’ productivity and the population’s well-being. However, wide … productivity gaps between large firms and SMEs and between manufacturing and services weigh on economy-wide productivity, which is …
Persistent link: https://www.econbiz.de/10012421298
This paper provides technical documentation to a database built up from firm-level sources titled Micro moments database(MMD) that is made available for researchers through Eurostat. The MMD is an internationally harmonized research database of statistical moments collected from linked...
Persistent link: https://www.econbiz.de/10011583471
by labour productivity. To this end, the stochastic frontier technique is used on a unique unbalanced longitudinal … firms. From a policy perspective, the results of this study suggest that - if the aim is to leverage firms' productivity … other hand, corporate R&D in the low-tech sector is found to have a minor effect in explaining productivity. Instead …
Persistent link: https://www.econbiz.de/10011981958
productivity. We examine these claims. Non-parametric plots and regressions show a robust positive association between the … manufacturing sector and Business R&D expenditures (BERD), while the relationship between manufacturing and exports or productivity …
Persistent link: https://www.econbiz.de/10011989292
Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand …’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long …-run trend of poor productivity in New Zealand, which is the key reason why average incomes are still below the OECD average …
Persistent link: https://www.econbiz.de/10011853625
value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the … transaction at production cost. When we incorporate this implicit transaction into U.S. gross domestic product (GDP), productivity …
Persistent link: https://www.econbiz.de/10011891856