features: (i) A structural model that explains productivity by innovation output, and innovation output by research investment … being strictly proportional to size). The firm innovation output, as measured by patent numbers or innovative sales, rises …This paper studies the links between productivity, innovation and research at the firm level. We introduce three new …

This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and, as a result, investment. We find a sizeable negative effect … of public spending - and in particular of its public wage component - on business investment. This result is consistent …

product market, concerning in particular entry barriers, are negatively related to investment. The policy implication of our … analysis is clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment. …

product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalise entry, are very likely to spur investment …

This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …

innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies … have been conducted using data drawn from innovation surveys combined with data from a number of other sources. The issue … illustrates the value of these surveys in improving our understanding of innovation in firms and raises a number of questions for …