Full Description
Empirical and theoretical evidence on the German service sector is inversely related to its growing overall importance for the entire economy. This monograph offers a comprehensive theory-based econometric treatment of three important and severely understudied issues related to services: innovative activity, the effects of innovation on the demand for labour, and the performance of newly founded firms. In addition, the book contains detailed descriptive statistics on innovative activity, skill mix as well as on growth and current economic importance. It offers researchers, policy makers, and practitioners a unique opportunity to gain knowledge on the new German service economy.
Contents
1 Preliminary remarks.- 2 The anatomy of the German service sector.- 2.1 Introduction.- 2.2 Overall economic importance and economic growth.- 2.3 Research and research organization.- 2.4 Employment structures.- 2.5 Firm performance.- 2.6 Conclusions.- 3 Research and research organization.- 3.1 Introduction.- 3.2 Previous game-theoretical approaches.- 3.3 R&D with endogenous absorptive capacity.- 3.4 Data.- 3.5 Measuring knowledge spillovers.- 3.6 Testing the theoretical model.- 3.7 Conclusions.- 3.8 Appendices.- 4 New technologies, wages and employment.- 4.1 Introduction.- 4.2 New technologies and the demand for heterogeneous labor.- 4.3 Efficient bargaining and the skill-structure of wages and em-ployment.- 4.4 Conclusions.- 4.5 Appendices.- 5 Financial distress of newly founded service sector firms.- 5.1 Introduction.- 5.2 Previous studies on firm default.- 5.3 Data.- 5.4 A dynamic model of financial distress.- 5.5 Estimation results.- 5.6 Conclusions.- 5.7 Appendices.- 6 Summary and conclusions.- References.
