全球智库信息集成服务系统(G2TT): DP6917 Inducement Prizes and Innovation

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP6917
	DP6917 Inducement Prizes and Innovation
	Josh Lerner; Liam Brunt; Tom Nicholas
发表日期	2008-07-23
出版年	2008
语种	英语
摘要	Using a new and extensive micro data set we investigate the impact of a change in international competitive pressure on productivity and restructuring. Unlike previous studies we are able to account for the heterogeneity across firms in their exposure to foreign competition. We focus on a situation akin to a natural experiment, and examine the impact of a sharp real appreciation of the Norwegian Krone in the early 2000s on Norwegian manufacturing firms which differ substantially in their trade orientation. A change in the real exchange rate (RER) affects a firm through three different channels: (i) firm's export sales, (ii) firm's purchases of imported inputs, and (iii) import competition faced in the domestic market. Unlike previous studies, we are able to examine all three channels. Several strong conclusions emerge from the analysis. While both net exporters and import-competing firms were exposed to increased competition due to the real appreciation, only the former reacted by increasing productivity. The RER shock was associated with substantial within-firm productivity gains for net exporters; gains that seem to have come about partly through technological improvements. The productivity gains also appear to have been associated with employment cuts. Somewhat surprisingly, firm exits did not contribute significantly to aggregate productivity gains.
主题	International Trade and Regional Economics
关键词	Employment Productivity Real exchange rates Trade
URL	https://cepr.org/publications/dp6917
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/535753
推荐引用方式 GB/T 7714	Josh Lerner,Liam Brunt,Tom Nicholas. DP6917 Inducement Prizes and Innovation. 2008.