scholarly journals The Exchange Rate, Employment and Hours: What Firm-Level Data Say

2010 ◽  
Author(s):  
Francesco Nucci ◽  
Alberto F. Pozzolo
Keyword(s):  
Exchange Rate ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
The Exchange Rate

scholarly journals The exchange rate, employment and hours: What firm-level data say

2010 ◽  
Vol 82 (2) ◽  
pp. 112-123 ◽  
Author(s):  
Francesco Nucci ◽  
Alberto Franco Pozzolo
Keyword(s):  
Exchange Rate ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
The Exchange Rate

scholarly journals Product versus Process: Innovation Strategies of Multiproduct Firms

2018 ◽  
Vol 10 (1) ◽  
pp. 236-277 ◽  
Author(s):  
Lisandra Flach ◽  
Michael Irlacher
Keyword(s):  
Exchange Rate ◽  
Product Differentiation ◽  
Product Innovation ◽  
Process Innovation ◽  
Multiproduct Firms ◽  
Foreign Markets ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
Innovation Strategies

We investigate the effects of better access to foreign markets on innovation strategies of multiproduct firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. Using firm-level data and large exchange rate devaluations, we show that better access to foreign markets increases the incentive to innovate. However, we exploit differential effects across industries and show that the innovation strategies depend on the scope of differentiation. (JEL D22, D25, F14, G31, L60, O14, O31)

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