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R&D, Socio-Economic Conditions and Regional Innovation in the United States
Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012
This paper looks at the genesis of innovation in the United States from a territorial perspective. The analysis aims to … disentangle the impact of local R&D expenditure from other contextual conditions supportive of the process of innovation …. Particular emphasis is devoted to the role of socio-economic factors and systems of innovation conditions (‘social filter …
Persistent link: https://www.econbiz.de/10011083285
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Innovation and spatial inequality in Europe and USA
Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012
Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow … small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …
Persistent link: https://www.econbiz.de/10011083831
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Understanding the Matching Function: The Role of Newspapers and Job Agencies
Coles, Melvyn G - C.E.P.R. Discussion Papers - 1994
This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only on the stocks of unemployed and vacancies in the...
Persistent link: https://www.econbiz.de/10005662102
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Industrial Organization and Trade Liberalization: Evidence from Korea
de Melo, Jaime; Roland-Holst, David - C.E.P.R. Discussion Papers - 1990
Based on evidence about industrial organization and market structure, this paper develops a CGE model with increasing returns to scale (IRTS) in selected industrial sectors in order to estimate the welfare gains Korea would achieve from abolishing the import restraints (tariffs and equivalent...
Persistent link: https://www.econbiz.de/10005662390
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Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization
Inklaar, Robert - C.E.P.R. Discussion Papers - 2006
This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries (France, Germany and the Netherlands). Industry-specific demand-side instruments are used to examine the prevalence of non-constant returns to scale and unmeasured input...
Persistent link: https://www.econbiz.de/10005791211
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Foreign Ownership, Returns to Scale and Productivity: Evidence from UK Manufacturing Establishments
Girma, Sourafel; Görg, Holger - C.E.P.R. Discussion Papers - 2002
This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics and food industries. Our results show that foreign establishments tend to have lower returns to scale than their domestic counterparts. We also examine the effect of the...
Persistent link: https://www.econbiz.de/10005791647
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Capital Utilization and Returns to Scale
Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1995
This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labour productivity and the degree of returns to scale. We organize our investigation around five questions that we study using a measure of capital services based on...
Persistent link: https://www.econbiz.de/10005792104
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On the Size of the Active Management Industry
Pástor, Luboš; Stambaugh, Robert F. - C.E.P.R. Discussion Papers - 2010
We analyze the equilibrium size of the active management industry and the role of historical data---how investors use it to decide how much to invest in the industry, and how researchers use it to judge whether the industry's size is reasonable. As the industry's size increases, every manager's...
Persistent link: https://www.econbiz.de/10008468523
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Cross-Section Estimation of the Matching Function: Evidence from England and Wales
Coles, Melvyn G; Smith, Eric - C.E.P.R. Discussion Papers - 1994
This paper analyses how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment -- the worker-firm `matching function'. In particular we test the robustness of previous empirical work by checking whether we obtain the same estimated function using...
Persistent link: https://www.econbiz.de/10005124473
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Estimates of the Returns to Scale for US Manufacturing
Altug, Sumru G.; Filiztekin, Alpay - C.E.P.R. Discussion Papers - 1999
This paper estimates the degree of the returns to scale for 2-digit U.S. manufacturing industries from the output-based primal and price-based dual equations implied by firms' cost-minimization problems. It seeks to reconcile the cyclical behavior of the primal and dual productivity residuals by...
Persistent link: https://www.econbiz.de/10005067478