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Innovative growth : the role of market power and negative selection
(Taylor & Francis, 2019-09-08)
This paper relies on register-based statistical data from Finland to measure broad research and development (R&D), organizational capital (OC) and information and communication technology (ICT) investments as innovation ...
Predictive ability of financial variables in changing economic circumstances
We analyze three key financial variables, the term spread, real stock returns and the real short-term interest rate, and study which economic factors underlie changes in their predictive power for GDP growth in a large set ...