Innovations, Prices and Employment: A Theoretical Model and an Empirical Application for West German Manufacturing Firms
构建了产品创新和过程创新对产出、产能利用率、就业和价格影响的理论模型，并用西德制造业企业数据实证发现创新企业表现更好，且产品创新会减少价格竞争。
In this paper a theoretical model of the impact of product and process innovations on output, capacity utilization, employment and prices is developed. The model is estimated with a unique set of micro‐data from West German manufacturing firms. The empirical results reveal that innovative firms are more successful. They show a higher utilization and more output and employment growth than non‐innovative firms. Innovations also change market behaviour. In sectors with a large share of product innovators, firms more often change employment and less often change prices, i.e. product innovations reduce price competition.