This paper studies how the interplay between the cycle and firm-specific characteristics (firm size and exporting activities) shapes firms' choice between exploratory and exploitative innovation investments. We analyze the PITEC database, a panel of Spanish firms in manufacturing and service...

Whereas labor markets are traditionally viewed as machine-like environments - where agents, coordinated by price signals, solve constrained optimization problems or adhere to established heuristics - this paper views labor markets as human ecosystems, containing living things, namely, the human...

This paper extends the post-Keynesian model of the firm to an open-economy context to investigate the determinants of firms' target profit rates in developing and emerging economies (DEEs) and the ways in which these rates have been affected by the financialisation phenomenon. Our findings show...