in Industrial and Corporate Change
April 2014; p ublished online June 2013 .
Journal Article. Subjects: Manufacturing; Prices, Business Fluctuations, and Cycles; Economic Growth and Aggregate Productivity; Technological Change; Research and Development. 11388 words.
This article sheds light on how industry fluctuations affect firms’ propensity to innovate. We test two seemingly conflicting arguments that suggest how firms are more or less inclined to...