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Persistent link: https://www.econbiz.de/10010290938
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The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets -'natural rate theory'- dominated interpretations of...
Persistent link: https://www.econbiz.de/10010291082
This paper highlights the role of financial development in producing innovative products and services. The Venture Capitalists (VCs) plays a crucial role for the realization of product innovation and service innovation. Especially young entrepreneurs face the problem of financial constraints if...
Persistent link: https://www.econbiz.de/10010291090
This study explores the relationship between energy and material efficiency innovations (EMEIs) and innovation strategies employed by manufacturing firms to develop their process innovations. Firms may mainly develop process innovations in-house, let them mainly develop by other enterprises or...
Persistent link: https://www.econbiz.de/10010291097
In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc. - have been alleged and found guilty to have caused this tragic development at some point in time. Later,...
Persistent link: https://www.econbiz.de/10010291100
This paper analyzes the link between structural change, growth and bazaar effects in the context of open economies. At first we consider the theoretical basis of structural change and discuss the interdependencies between trade, foreign direct investment and innovation dynamics. The empirical...
Persistent link: https://www.econbiz.de/10010291110
This paper studies the relationship between trade credit and innovation. While trade credit is well researched in the …-sized enterprises (SMEs) are more likely to use trade credit than non-innovative SMEs because of credit constraints and that business … partners may have incentives to offer trade credit especially to innovative SMEs. The relationship between innovation and trade …
Persistent link: https://www.econbiz.de/10010291119
This paper estimates the welfare and distributional impact of two types of welfare reform in 14 member countries of the European Union. The reforms are revenue neutral and ?nanced by an overall and uniform increase in marginal tax rates on earnings. The ?rst reform distributes the additional tax...
Persistent link: https://www.econbiz.de/10010291230
This paper considers the methodology of measuring replacement rates, comparing simulation based approaches, which simulate replacement rates for a representative sample of the population, with other approaches that simulate replacement rates for typical families or are entirely based on recorded...
Persistent link: https://www.econbiz.de/10010291233