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Endogenous product versus process innovation and a firm's propensity to export

Becker, Sascha O.; Egger, Peter - 2007

at the firm level. Product innovation is a key factor for successful market entry in models of creative destruction and … Schumpeterian growth. Process innovation helps securing a firm's market position given the characteristics of its product supply …. Both modes of innovation are expected to raise a firm's propensity to export. According to new trade theory, we conjecture …

Persistent link: https://www.econbiz.de/10010264061

Intra- and inter-industry productivity spillovers in OECD manufacturing: a spatial econometric perspective

Badinger, Harald; Egger, Peter - 2008

We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...

Persistent link: https://www.econbiz.de/10010264277

Innovation, trade, and finance

Egger, Peter; Keuschnigg, Christian - 2011

This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...

Persistent link: https://www.econbiz.de/10010277410

Are Ex Ante and Ex Post Licensing Agreements Useful Instruments to Lessen Uncertainty in R&D?

Siebert, Ralph - 2013

In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While RJVs are well explored in the literature, very...

Persistent link: https://www.econbiz.de/10010328859

The Impact of Entry Regulation on Total Welfare: A Policy Experiment

Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013

This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...

Persistent link: https://www.econbiz.de/10010316999

Heterogeneous Merger Impacts on Competitive Outcomes

Siebert, Ralph - 2017

Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms’ technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional...

Persistent link: https://www.econbiz.de/10011744913

Dynamic Mergers Effects on R&D Investments and Drug Development across Research Phases in the Pharmaceutical Industry

Siebert, Ralph; Tian, Zhili - 2020

Pharmaceutical ﬁrms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether suﬃcient investment is left after mergers to further develop ﬁrms’ internal drug development capability. We evaluate the eﬀects of M&As on ﬁrms’ post-merger R&D...

Persistent link: https://www.econbiz.de/10012227643

The Impact of Horizontal Mergers on Market Structure: Evidence from the Semiconductor Industry

Siebert, Ralph - 2016

-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …

Persistent link: https://www.econbiz.de/10011522411

Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry

Siebert, Ralph - 2020

Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D investments...

Persistent link: https://www.econbiz.de/10012833741