Innovations and productivity: the shift during the 2008 crisis

Grigorii Teplykh ()

HSE Working papers from National Research University Higher School of Economics

Abstract: Innovations and related knowledge are important drivers of corporate success in modern economies. However the crisis of 2008 strongly influenced investment decisions including R&D expenditure. This may be explained by the fact that the crisis has changed a transformation of corporate resources into economic benefit. Innovation activity is found to be a survival factor during the downturn. The aim of this study is to investigate how the crisis has changed relations between innovation and firm performance in western Europe. We apply a structural framework of the CDM model which takes into account endogeneity and selection bias. The study is based on new balanced panel data of 429 western European manufacturing firms.

Keywords: innovations; economic crisis; CDM model (search for similar items in EconPapers)
JEL-codes: D22 D24 O31 O32 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in WP BRP Series: Science, Technology and Innovation / STI, January 2014, pages 1-26

Downloads: (external link)
http://www.hse.ru/data/2014/01/20/1327090769/23STI2014.pdf (application/pdf)

Related works:
Journal Article: Innovations and productivity: the shift during the 2008 crisis (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:23sti2014

Access Statistics for this paper

More papers in HSE Working papers from National Research University Higher School of Economics
Bibliographic data for series maintained by Shamil Abdulaev () and Shamil Abdulaev ().