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Venture Capital and Industrial ''Innovation''

Hirukawa, Masayuki; Ueda, Masako - C.E.P.R. Discussion Papers - 2008

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment …

Persistent link: https://www.econbiz.de/10005136420

Productivity Growth and the Structure of the Business Cycle

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during recessions. This paper tests whether this argument is correct,...

Persistent link: https://www.econbiz.de/10005666892

A Note on Detecting Learning by Exporting

De Loecker, Jan - C.E.P.R. Discussion Papers - 2010

Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering export markets. Although this mechanism is often mentioned in policy documents, a significant share of econometric studies has not found evidence for this hypothesis. This paper...

Persistent link: https://www.econbiz.de/10008784762

Restructuring And Productivity Growth In UK Manufacturing

Disney, Richard F; Haskel, Jonathan; Heden, Ylva - C.E.P.R. Discussion Papers - 2000

We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and organizational change) and 'external' restructuring...

Persistent link: https://www.econbiz.de/10005666830

Innovation and Foreign Ownership

Guadalupe, Maria; Kuzmina, Olga; Thomas, Catherine - C.E.P.R. Discussion Papers - 2010

product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign … technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that … jointly explains the observed selection process and the innovation decisions. Further, we show in the data that innovation on …

Persistent link: https://www.econbiz.de/10008784754

Business Cycles and Long-run Growth

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1997

This survey discusses the effect of macroeconomic fluctuations on long-run growth from both a theoretical and empirical perspective. It emphasizes the ‘opportunity cost’ approach, which states that firms will intertemporally substitute productivity-enhancing activities for regular production...

Persistent link: https://www.econbiz.de/10005791240

A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies

Helpman, Elhanan; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 1994

We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the steam engine, electricity, or micro-electronics. Each new generation of GPTs prompts investments in complementary inputs and impacts the economy after enough such compatible...

Persistent link: https://www.econbiz.de/10005124059

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a natural advantage of being located in the US then...

Persistent link: https://www.econbiz.de/10005114281

Sub-Optimal Scale Firms and Compensating Factor Differentials in Dutch Manufacturing

Audretsch, David B; Thurik, A R Roy; Van Leeuwen, Geroge - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to shed some light on why so many smaller-scale firms which have traditionally been classified as sub-optimal scale firms can exist. We suggest that by pursuing a strategy of compensating factor differentials, that is by remunerating and deploying factors of...

Persistent link: https://www.econbiz.de/10005662285

Economic Growth and the Swedish Model

Henrekson, Magnus; Jonung, Lars; Stymne, Joakim - C.E.P.R. Discussion Papers - 1994

We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative decline of economic growth in Sweden since the early 1970's. The hypothesis that the relative decline is a consequence of productivity catch-up is rejected. A number of potential...

Persistent link: https://www.econbiz.de/10005791604