stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by …

how it they are influenced by a country's "innovation system". Substitution depends on demand and production elasticities …, and other factors influenced by the innovation system. Making use of World Economic Forum data we estimate the … relationship for thirteen countries and find that countries with poor innovation capabilities substitute robots for workers much …

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

This paper explores the employment impact of innovation activity, taking into account both R&D expenditures and …-2010. The main outcome from the proposed fixed effect estimations is a labor-friendly nature of total innovation expenditures … ETC is included as a proxy for innovation activities. Moreover, the positive employment impacts of innovation activities …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … welfare state, as well as through offshoring and reduced fixed capital investment of the corporate sector. The outcome was …

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new …