cost implies that firms save money by smoothing innovation spending across the business cycle if they have available … so, we investigate possible differences in the innovation-cash flow link between high-tech firms and all exporters …, creation and exploitation innovation activities, persistent and non-persistent exporters. Applying a modified Euler model and …

recurrent knowledge investment through innovation and potential spillovers from the local milieu. The majority of the exporting … that does not engage in innovation and has scarce access to external knowledge, the level of productivity is 2-12 percent … higher for an innovative firm, depending on how innovation is defined and where the innovator is located. The annual long …

In this paper we investigate how various innovation strategies, local knowledge sources and global knowledge pipe …

(MNE) firms and concentration in specific places due to agglomerative forces. First, innovation ideas arrive at a faster … speed to firms with past experience of innovation activities and with established export market contacts. Second …, innovativeness is strongly dependent on corporate and ownership structure. Third, the returns to innovation efforts are positively …