This paper investigates the causal relationship between firms' research and development expenditures (R&D) and their investments into fixed capital. The literature provides two contrasting views in this respect. The first view holds that a firm's research activity causes, via the creation of...

Die Landesregierung von Tirol erteilte der ETH Zürich, KOF Konjunkturforschungsstelle den Auftrag, die Wettbewerbsfähigkeit Tirols im Lichte der Ergebnisse des RCI (Regional Competitiveness Index) 2013 zu untersuchen. Dabei soll vor allem der RCI als Wettbewerbsmass und dessen Ergebnisse für...

This paper uses panel data of Swiss firms to analyze the impact of education level diversity in the workforce on innovation performance, addressing endogeneity by exploiting within firm variation as well as variation in labor supply across regions. We find that vertical educational diversity...

Based on patent data and industry specific energy prices for 18 OECD countries over 30 years we investigate on an industry level the impact of energy prices on green innovation activities. Our econometric models show that energy prices and green innovation activities are positively related and...