Trunschke, Markus; Peters, Bettina; Czarnitzki, Dirk; … - 2023 - This version: 2.6.2023
The COVID-19 pandemic has affected firms in many economies. Exploiting treatment heterogeneity, we use a difference … substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …, indicating ’Long–Covid’ effects on innovation. In 2020, innovation expenditure fell by 4.7 % due to the pandemic. In 2022 …