The COVID-19 pandemic has adversely impacted firms in all economies worldwide. Their innovative behavior in the initial- and subsequent years is crucial to economic recovery. We investigate its impact on firms’ innovation activities by analyzing adversely affected firms’ innovation responses. In our analysis, we focus on a sample of German firms drawn from a representative […]
The Fourth Industrial Revolution (4IR) presents a major technology transformation towards a data-driven economy, associated with both high costs and potential benefits. We build and estimate a dynamic discrete technology choice model to explain a firm’s decisions to engage in the development of new 4IR and (or) non-4IR related technologies. The model takes the endogenous […]
