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Personal Bankruptcy Law and Innovation around the World

Cumming, Douglas J.; Morck, Randall; Rong, Zhao; Zhang, … - National Bureau of Economic Research - 2024

reforms also redistribute innovation across industries in closer alignment to its distribution in the U.S., which we take to … increasing value-added growth rates across all industries, and by larger margins in industries with more innovation potential …

Persistent link: https://www.econbiz.de/10015056150

Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

Persistent link: https://www.econbiz.de/10014226119

Blended Finance

Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2024

Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...

Persistent link: https://www.econbiz.de/10014512141