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Outsourcing, Offshoring and Innovation: Evidence from Firm-level Data for Emerging Economies

Fritsch, Ursula; Görg, Holger - C.E.P.R. Discussion Papers - 2013

investigates the link between outsourcing and innovation empirically using firm-level data for over 20 emerging market economies …

Persistent link: https://www.econbiz.de/10011084498

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres

Claessens, Stijn; Klingebiel, Daniela; Schmukler, Sergio - C.E.P.R. Discussion Papers - 2002

We study the determinants of stock market development and the growing migration of capital raising, listing and trading activity to international exchanges. Economies with higher income per capita, sounder macro policies, more efficient legal systems with better shareholder protection, and more...

Persistent link: https://www.econbiz.de/10005666902

Finance and Growth: When Does Credit Really Matter?

Coricelli, Fabrizio; Roland, Isabelle - C.E.P.R. Discussion Papers - 2008

The paper provides a simple theory and empirical evidence on the asymmetric effect of credit markets on output decline and output growth. When credit markets are underdeveloped and enterprise activity is financed outside the banking sector, exogenous shocks may induce a break-up of both credit...

Persistent link: https://www.econbiz.de/10005789097

A New Index of Currency Mismatch and Systemic Risk

Rancière, Romain; Tornell, Aaron; Vamvakidis, Athanasios - C.E.P.R. Discussion Papers - 2011

This paper constructs a new measure of currency mismatch in the banking sector that controls for bank lending to unhedged borrowers. This measure explicitly takes into account the indirect exchange rate risk that banks undertake when they lend to borrowers that will not be able to repay in the...

Persistent link: https://www.econbiz.de/10008854496

The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2004

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...

Persistent link: https://www.econbiz.de/10005504210

To What Extent Should Less-Developed Countries Enforce Intellectual Property?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004

countries (LDCs). It starts by discussing the consequences of IP enforcement in LDCs for global innovation and welfare in poorer …

Persistent link: https://www.econbiz.de/10005504337

Strategic Experimentation and Disruptive Technological Change

Schivardi, Fabiano; Schneider, Martin - C.E.P.R. Discussion Papers - 2005

This paper studies the diffusion of a new technology that is brought to market while its potential is still uncertain. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative potential of both technologies. We use the model to...

Persistent link: https://www.econbiz.de/10005504449

How Licensing Resolves Hold-Up: Evidence from a Dynamic Panel Data Model with Unobserved Heterogeneity

Siebert, Ralph; von Graevenitz, Georg - C.E.P.R. Discussion Papers - 2006

This paper is a study of licensing in a patent thicket. In a patent thicket licensing allows firms to avoid hold-up. It will have different effects on firms' R&D incentives depending on whether firms license existing or future patents. Building on a model of a patent portfolio race, firms'...

Persistent link: https://www.econbiz.de/10005504462

Royalty Stacking in High Tech Industries: Separating Myth from Reality

Geradin, Damien; Layne-Farrar, Anna; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 2007

A few recent contributions have claimed that in high-tech industries—where innovation is often cumulative and products … royalty stacking problem to exist: (a) innovation must be cumulative, so that the patents are complementary; (b) there must be …

Persistent link: https://www.econbiz.de/10005504558

Unions and Innovation: A Survey of the Theory and Empirical Evidence

Menezes-Filho, Naercio; Van Reenen, John - C.E.P.R. Discussion Papers - 2003

This Paper surveys the economic literature on the impact of trade unions on innovation. There are many theoretical … routes through which unions may have an effect on innovation, for example through their effects on relative factor prices …&D, innovation, technological diffusion and productivity growth. North American results find consistently strong and negative impacts …

Persistent link: https://www.econbiz.de/10005504563