La interacción entre el ciclo económico y la actividad innovadora y la fijación de precios de las empresas

Zusammenfassung

This thesis is organized around three central chapters that have been published in various international journals of Economics. The general purpose of the dissertation is to contribute to understanding the effects of the economic cycle on the decisions of companies in different areas, and whether these effects can be persistent and have an impact on the allocation of resources and long-term economic growth. Furthermore, one of the main threads is the role played by the presence of financial restrictions as a transmission mechanism for disturbances of various kinds. Thus, the first two chapters focus on firms’ decisions regarding technological progress and innovation, which are the fundamental drivers of sustained economic growth. The third one, on the other hand, addresses the estimation of the price-cost margins of the Spanish manufacturing industries to understand the evolution of prices and market power, which may contain information on the degree of allocative efficiency of the economy and, ultimately, its growth capacity...