Innovations, prices and employment: A theoretical model and an empirical application for West German manufacturing firms

Journal of Industrial Economics

Volumn 46, Issue 3, 1998, Pages 359-381

  Smolny, Werner ^a  

^a UNIVERSITY OF KONSTANZ   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032374892     PISSN: 00221821     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-6451.00076     Document Type: Article

References (26)

1. Aghion, P. and Howitt, P., 1992, 'A Model of Growth Through Creative Destruction', Econometrica, 60, pp. 323-351.
2. Andersen, T. M., 1996, 'Rationing of Sales and Price Setting', European Economic Review, 40/7, pp. 1441-1451.
3. Barro, R. J., 1972, 'A Theory of Monopolistic Price Adjustment', Review of Economic Studies, 39, pp. 17-26.
4. Blanchard, O. J. and Kiyotaki, N., 1987, 'Monopolistic Competition and the Effects of Aggregate Demand', American Economic Review, 77, pp. 647-666.
5. Blinder, A. S., 1991, 'Why are Prices Sticky? Preliminary results from an interview study', American Economic Association, Papers and Proceedings, pp. 89-100.
6. Carlton, D. W., 1989, 'The Theory and the Facts of How Markets Clear: Is Industrial Organization Valuable for Understanding Macroeconomics', in R. Schmalensee and R. D Willig, (eds) Handbook of Industrial Organization, Volume I, pp. 909-946. Elsevier, Amsterdam.
7. Cohen, W. M. and Levin, R. C., 1989, 'Empirical Studies of Innovation and Market Structure', in R. Schmalensee and R. D. Willig (eds) Handbook of Industrial Organization, Volume II, pp. 1059-1107. Elsevier, Amsterdam.
8. Dixit, A. K. and Stiglitz, J. E., 1977, 'Monopolistic Competition and Optimum Product Diversity', American Economic Review, 67 No. 3, pp. 297-308.
9. Dasgupta, P. and Stiglitz, J. E., 1980, 'Industrial Structure and the Nature of Innovative Activity', Economic Journal, 90, pp. 266-293.
10. Entorf, H. and Pohlmeier, W., 1990, 'Employment, Innovation, and Export Activity: Evidence from Firm-level Data', in J.-P. Florens, M. Ivaldi, J.-J. Laffont, and F. Laisney, (eds) Microeconometrics: Surveys and Applications, pp. 394-415. Basil Blackwell, Oxford.
11. Grossman, G. M. and Helpman, E., 1994, 'Endogenous Innovation in the Theory of Growth', Journal of Economic Perspectives, 8/1, pp. 23-44.
12. Hamermesh, D. S. and Pfann, G. A., 1996, Adjustment Costs in Factor Demand', Journal of Economic Literature, 34/3, pp. 1264-1292.
13. Heckman, J. J. and Hotz, V. J., 1989, Choosing Among Alternative Non-experimental Method for Estimating the Impact of Social Programs: The Case of Manpower Training', Journal of the American Statistical Association, 84/408, pp. 862-874.
14. Kamien, M. I. and Schwarz, N. L., 1975, 'Market Structure and Innovation: A survey', Journal of Economic Literature, 13, pp. 1-37.
15. Kydland, F. E. and Prescott, E. C., 1982, 'Time to Build and Aggregate Fluctuations', Econometrica, 50/6, pp. 1345-1370.
16. Levin, R. C. and Reiss, P. C., 1988, 'Cost-Reducing and Demand-Creating R&D with Spillovers', Rand Journal of Economics, 19, pp. 538-556.
17. Meghir, C., Ryan, A. and van Reenen, J., 1996, 'Job Creation, Technological Innovation and Adjustment Costs: Evidence from a Panel of British Firms', Annales D'Economie et de Statistique, 41/42, pp. 255-274.
18. Mulligan, C. B. and Sala-i Martin, X., 1995, 'Measuring Aggregate Human Capital', National Bureau of Economic Research, Working Paper, 5016.
19. Nadiri, M. I., 1993, 'Innovations and Technological Spillovers', National Bureau of Economic Research, Working Paper, 4423.
20. Pohlmeier, W., 1992, 'On the Simultaneity of Innovations and Market Structure', Empirical Economics, 17, pp. 253-272.
21. Romer, P. M., 1990, 'Endogenous Technological Change', Journal of Political Economy, 98, pp. 71-102.
22. Schneeweis, T. and Smolny, W., 1996, Das ifo Unternehmenspanel 1980-92 -Einige Ergebnisse einer Verknüpfung der Umfragen des ifo Instituts. Center for International Labor Economics, Universität Konstanz, Diskussionspapier, 32, forthcoming in Jehrbücher für Nationalökonomic und stastistik.
23. Segerstrom, P. S., 1991, 'Innovation, Imitation, and Economic Growth', Journal of Political Economy, 99, pp. 807-827.
24. Smolny, W., 1993, Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany. Physica, Heidelberg.
25. Smolny, W., 1997, 'Endogenous Innovation in a Model of the Firm - Theory and Empirical Application for West German Manufacturing Firms', Center for International Labor Economics, Universität Konstanz, Diskussionspapier, 39.
26. Smolny, W., 1998, 'Monopolistic Price Setting and Supply Rigidities in a Disequilibrium Framework', Economic Theory, 11, pp. 157-169.