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on Technology and Industrial Dynamics |
| By: | Heli Koski; Tobias Kretschmer |
| Abstract: | ABSTRACT : We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by 16 major handset manufacturers over 10 years, we distinguish between imitative product introduction and truly innovative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovative innovation is found to increase firm value by more than imitative introductions. |
| Keywords: | product innovation, mobile telephony, firm value |
| Date: | 2009–01–07 |
| URL: | http://d.repec.org/n?u=RePEc:rif:dpaper:1174&r=tid |
| By: | Ljubica Nedelkoska (DFG Research Training Group "Economics of Innovative Change" at the Friedrich Schiller University and the Max Planck Institute of Economics, Jena); Florian Noseleit (DFG Research Training Group "Economics of Innovative Change" at the Friedrich Schiller University and the Max Planck Institute of Economics, Jena) |
| Abstract: | The literature on knowledge spillovers offers substantial evidence that workers, as main carriers of knowledge, play a role in the diffusion of knowledge among firms. One of the channels through which knowledge is diffused is the job-to-job mobility of workers. The purpose of this study is to empirically explore the industry-specific factors that influence the level of job-to-job mobility of highly qualified workers (HQWs) within three-digit industrial sectors. We use panel data from the German social security notifications to explore our research question. We find that HQW job-to-job mobility is dependent on technology-specific and industry's evolution-specific factors. The results show a significant and positive effect of the technological regime and the level of job destruction on the level of voluntary and overall HQW mobility. The intra-industry mobility of this group is also affected by establishment-size effects, the inflow of HQWs from other industries, and the type of industry (service or manufacturing). |
| Keywords: | job-to-job mobility of highly qualified workers, technological and organizational change, knowledge transmission |
| JEL: | D83 J44 J62 O33 |
| Date: | 2008–12–20 |
| URL: | http://d.repec.org/n?u=RePEc:jrp:jrpwrp:2008-095&r=tid |
| By: | Baghana, Rufin (Ministere des Finances, Quebec); Mohnen, Pierre (UNU-MERIT, Maastricht University, and CIRANO) |
| Abstract: | In this paper we evaluate the effectiveness of R&D tax incentives in Quebec, using manufacturing firm data from 1997 to 2003 originating from R&D surveys, annual surveys of manufactures and administrative data. The estimated price elasticity of R&D is -0.10 in the short run and -0.14 in the long run, with a slightly higher elasticities for small firms than for large firms. We show that there is a deadweight loss associated with level-based R&D tax incentives that is particularly acute for large firms. For small firms it is not sizeable enough to suppress the R&D additionality, at least not during quite a number of years after the initial tax change. Incremental R&D tax credits do not suffer from this deadweight loss and are from that perspective preferable to level-based tax incentives. |
| Keywords: | R&D, tax credits, tax incentives, price elasticity, research and development, manufacturing industry, Quebec, Canada |
| JEL: | O32 O38 H25 H50 C23 |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:unumer:2009001&r=tid |