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on Technology and Industrial Dynamics |
| By: | Francesco Aiello (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy)); Lidia mannarino (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy)); Valeria Pupo (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy)) |
| Abstract: | This study revises the moderating effect of size and age on the relationship between family ownership and innovation. The research hypotheses are tested on a large sample of Italian firms observed over the 2010–2017 period, using a zero-inflated non-linear count model. Results from a three-way interaction approach suggest that the patenting gap between family firms (FFs) and non-family firms is sensitive to size and age. Compared to non-FFs, FFs underperform when they are small and young or large and old, while there are no substantial differences for other types of firms. Much of the evidence is driven by the founder effect which differs over the firm life. |
| Keywords: | innovation, patent, family firms, size, age |
| JEL: | D22 L25 L60 O30 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:clb:wpaper:202301&r=tid |
| By: | Lerche, Adrian (Institute for Employment Research (IAB), Nuremberg, Germany ; LMU Munich ; IZA) |
| Abstract: | "This paper estimates the direct effects of investment tax credits on firms’ production behavior and the additional indirect effects arising from agglomeration economies. Exploiting a change in tax credit rates by firm size in Germany, I find that manufacturing firms increase capital and employment, with labor demand in information and communication technology-intensive industries shifting towards college-educated workers. Using geolocation data, I show that agglomeration benefits lead to a sizable further firm production expansion with these benefits materializing within distances of 5 kilometers. Worker flows from the service sector and from non-employment, rather than between manufacturing firms, explain the employment effects." (Author's abstract, IAB-Doku) ((en)) |
| Keywords: | IAB-Open-Access-Publikation |
| JEL: | H25 H32 J23 R11 D22 |
| Date: | 2022–12–27 |
| URL: | http://d.repec.org/n?u=RePEc:iab:iabdpa:202228&r=tid |
| By: | Szabolcs Nagy; Sergey U. Chernikov; Ekaterina Degtereva |
| Abstract: | There are significant differences in innovation performance between countries. Additionally, the pharmaceutical sector is stronger in some countries than in others. This suggests that the development of the pharmaceutical industry can influence a country's innovation performance. Using the Global Innovation Index and selected performance measures of the pharmaceutical sector, this study examines how the pharmaceutical sector influences the innovation performance of countries from the European context. The dataset of 27 European countries was analysed using simple, and multiple linear regressions and Pearson correlation. Our findings show that only three indicators of the pharmaceutical industry, more precisely pharmaceutical Research and Development, pharmaceutical exports, and pharmaceutical employment explain the innovation performance of a country largely. Pharmaceutical Research and Development and exports have a significant positive impact on a country's innovation performance, whereas employment in the pharmaceutical industry has a slightly negative impact. Additionally, global innovation performance has been found to positively influence life expectancy. We further outline the implications and possible policy directions based on these findings. |
| Date: | 2022–12 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2212.13839&r=tid |
| By: | Uluc Aysun (University of Central Florida, Orlando, FL); Sami Alpanda (University of Central Florida, Orlando, FL) |
| Abstract: | This paper demonstrates the countercyclicality of income inequality. Inferences are drawn from a unique model that combines a new Keynesian framework with an endogenous growth mechanism that features a labor-augmenting technology. The income disparity is between high-skill workers who service firms’ R&D activities and low-skill workers who contribute to output via a standard neoclassical function. Successful R&D activities increase firms’ knowledge stock that in turn augments low-skill workers’ efficiency and the trend growth rate of the economy. Both a reasonable calibration of the model and a Bayesian estimation exercise demonstrate that the share of high-skill workers’ income is countercyclical and that demand and price shocks are the drivers of this cyclicality. The reason is that the marginal product of high-skill workers is larger in magnitude and this renders the demand for their services less sensitive to shocks. In particular, firms require relatively smaller adjustments in this type of labor to match the changes in the demand for their goods. The disparity in demand for the two types of labor then implies that the high-skill/low-skill wage gap increases during recessions and decreases during expansions. |
| Keywords: | R&D, endogenous growth, DSGE, income distribution, Bayesian estimation. |
| JEL: | E24 E32 O30 O33 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:cfl:wpaper:2023-01ua&r=tid |
| By: | Elvis D. Achuo (University of Dschang, Cameroon); Pilag B.C. Kakeu (University of Bamenda, Cameroon); Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | Despite the global resolves to curtail fossil fuel consumption in favour of clean energies, several countries continue to rely on carbon-intensive sources in meeting their energy demands. Financial constraints and limited knowledge with regard to green energy sources constitute major setbacks to the energy transition process. This study therefore examines the effects of financial development and human capital on energy consumption. The empirical analysis is based on the System Generalised Method of Moments (SGMM) for a panel of 134 countries from 1996-2019. The SGMM estimates conducted on the basis of three measures of energy consumption, notably fossil fuel, renewable energy as well as total energy consumption, provide divergent results. While financial development significantly reduces fossil fuel consumption, its effect is positive though non-significant with regard to renewable energy consumption. Conversely, financial development has a positive and significant effect on total energy consumption. Moreover, the results reveal that human capital development has an enhancing though non-significant effect on the energy transition process. Additionally, the results reveal that resource rents have an enhancing effect on the energy transition process. However, when natural resources rents are disaggregated into various components (oil, coal, mineral, natural gas, and forest rents), the effects on energy transition are divergent. Although our findings are consistent when the global panel is split into developed and developing economies, the results are divergent across geographical regions. Contingent on these findings, actionable policy implications are discussed. |
| Keywords: | Energy transition, Financial development, Fossil fuel, Human capital, Energy consumption, Eco-innovation |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:agd:wpaper:23/005&r=tid |