scholarly journals Exchange Rate Undervaluation, Economic Institutions and Exports Performance: Evidence from Firm-Level Data

2022 ◽  
Vol 15 (1) ◽  
pp. 1
Author(s):  
Chahir Zaki ◽  
Ibrahim ElBadawi
Keyword(s):  
Exchange Rate ◽  
Economic Institutions ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

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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