@techreport{Heger2004Link,
abstract = {The sensitivity of innovation activities with respect to the business
cycle is often assumed to be small. In this paper the hypothesis on cyclical
dependence of innovation activities is tested for firms in the German
manufacturing, and additionally for SMEs. To this end firms? innovation
decisions are considered. The decision to innovate in one period is modelled
via a first-order Markov chain approach. The results suggest that the
patterns in innovative behavior are linked to the business cycle.},
address = {Mannheim},
author = {Diana Heger},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {L6; D21; O31; C23; C25; 330; Innovation; Business Cycle; Panel Model; Markov Chains; Innovationsmanagement; Innovation; Konjunktur; Klein- und Mittelunternehmen; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {04-85},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {The Link Between Firms? Innovation Decision and the Business Cycle: An Empirical Analysis},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/24092},
year = {2004}
}
