nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the projectś feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …

This paper aims to revisit the relationship between intangible capital and labour productivity growth using the largest … intangibles, the paper finds that these have become the dominant source of labour productivity growth in the EU, explaining 56 … a solid positive relationship between intangibles and labour productivity growth. Third, when accounting for the …

This paper aims to revisit the relationship between intangible capital and labour productivity growth using the largest … intangibles, the paper finds that these have become the dominant source of labour productivity growth in the EU, explaining up to … detects a solid positive relationship between intangibles and labour productivity growth. Third, when accounting for the …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …

bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …

static resource misallocation channel and dynamic implications through investments in productivity. I find that the dynamic …What accounts for the large gaps in aggregate productivity across countries? I study the impact of equity frictions and … policy distortions on aggregate productivity, investments in productivity and average firm size. I document that economies …

which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents … yielded a count of citations to those patents. Patents renewed to full term were significantly more valuable than patents …

This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main … conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital … into the asset boundary of the national accounts. Thus, the productivity puzzle is largely explained as a consequence of …

correlated with changes in total factor productivity. We also analyze a sample of first-time atentees, and find significant … total factor productivity is slightly weaker. Together, these results suggest that patenting is indeed associated with real … findings are robust to alternative measures of size, scope and productivity, and to various sample selection criteria …

We show that the acquisition of a startup inventor's first patent has a negative effect on the subsequent productivity … of the patent's inventor, leading to 6.7 fewer patents being granted to the inventor over five years. This effect is not … due to the inventor focusing on high-quality patents—in fact, the opposite appears to be the case. Our novel …