The past ten years have seen an expansion in industrial research. There has been a significant increase in the number of research-based companies, as well as in employment in research and development, and in expenditure in this area. Growth has been observed predominantly in companies in less research-intensive sectors and in small and medium-sized enterprises. Consequently, over the last decade, industrial ...
Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement technologies is tied to its human capital. In this paper, we implement this idea in a novel specification and explore ...
Die industrielle Forschung hat in den vergangenen zehn Jahren expandiert. Sowohl die Zahl der forschenden Unternehmen als auch die Beschäftigung in Forschung und Entwicklung und die finanziellen Aufwendungen in diesem Bereich haben deutlich zugenommen. Zuwächse gab es vor allem bei Unternehmen in den weniger forschungsintensiven Branchen und bei kleinen und mittleren Unternehmen. Die Industrieforschung ...
This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is unbounded at a non-zero frequency. The reason for choosing this specification is that the periodogram of the ...
Innovationen in der Landwirtschaft sollen dazu beitragen, künftige Herausforderungen wie den Klimawandel oder Ressourcenknappheit zu bewältigen. Zudem stehen sie im Zentrum gesellschaftlicher Debatten, wie etwa aktuell über die Gentechnik oder über bestimmte Tierhaltungsformen. Der Beitrag liefert unter anderem Hinweise, inwieweit Ursachen für diese Konflikte in den Rahmenbedingungen und im Ablauf ...
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered return and empirically test on some 30 thousand high growth European firms whether Private Equity' or other ...
This paper investigates the impact of new firms' quality on the magnitude of their employment effects. Our results clearly show that the quality of start-ups, measured by their affiliation with sectors and innovative industries, strongly influences the direct and the overall employment contribution of new firms. In particular, start-ups in manufacturing industries generate larger direct and overall ...