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Beyond Additionality: Are Innovation Subsidies Counterproductive?
Catozzella, Alessandra; Vivarelli, Marco - Institute for the Study of Labor (IZA) - 2011
two (input and output) dimensions of innovation into a unique efficiency perspective. To this aim, the impact of public … sample of firm-level data drawn from the third Italian Community Innovation Survey (CIS). A bivariate endogenous switching … the innovation subsidy; far from 'doing better' as a result of government intervention, supported firms appear to exhaust …
Persistent link: https://www.econbiz.de/10009644629
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The Nexus between Labor Diversity and Firm's Innovation
Parrotta, Pierpaolo; Pozzoli, Dario; Pytlikova, Mariola - Institute for the Study of Labor (IZA) - 2012
In this paper we investigate the nexus between firm labor diversity and innovation using a linked employer … and demographic characteristics to valuable firm's innovation activity. The latter is measured by: (1) the firm … firm's innovation outcomes. …
Persistent link: https://www.econbiz.de/10010959616
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The Effect of Credit Guarantees on R&D Investment of SMEs in Korea
Heshmati, Almas - Institute for the Study of Labor (IZA) - 2013
Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival, performance and R&D investment. This study attempts to identify determinants of provision of credit guarantees and estimate their effects on firms R&D expenditures. The...
Persistent link: https://www.econbiz.de/10010884264
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The Interdependence of R&D Activity and Debt Financing of Young Firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - Institute for the Study of Labor (IZA) - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009403382
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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - Institute for the Study of Labor (IZA) - 2001
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10005703487