This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized…
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital…
It is widely believed that globalization a ffects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the e ffect of firms' exporting behavior on the…
It is widely believed that globalization a ffects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the e ffect of firms' exporting behavior on the…
