Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2020
heterogeneous across countries: Innovation leaders and followers behave countercyclically during recessions while moderate …&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also … countries behind the innovation frontier might strengthen their resilience to economic crises by adopting countercyclical R …