Moritz Lubczyk and Bettina Peters

Author Archive | Moritz Lubczyk and Bettina Peters


Incumbents and Entrants as Carriers of Innovation and Productivity Growth

This paper compares the role of innovation on productivity growth for entrants and incumbents. Creating a novel representative micro data set for both groups of firms in Germany, we find that entrants experience significantly larger gains from investments in R&D than incumbents. Entrants’ returns to innovation are also considerably more heterogeneous, with output elasticities ranging […]

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