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Economic Statecraft: from Negative Sanctions to Positive Sanctions

Cespic Working Paper 2021/04 (Antonella Biscione, Chiara Burlina, Raul Caruso, Annunziata de Felice)


Antonella Biscione, Chiara Burlina, Raul Caruso, Annunziata de Felice

This paper analyses the effect of different training programs on the firms’ innovation activities of 27 transition economies. Despite the ongoing debate on training and its effects on innovation, there are no previous studies investigating the role of different typologies of training. The results of the cross-country analysis show a positive relation between definite training and propensity to innovate, controlling several firms’ characteristics such as size, presence of females in the board, personnel’s education and managers’ past experience. We also find a positive effect when considering other definitions of training (problem solving, commercial, managerial, or on-the-job vs. in-class), thus suggesting the need for policy makers and practitioners to invest in ad-hoc training programs to foster innovation in transition economies.

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