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framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …
Persistent link: https://www.econbiz.de/10010553118
interaction of a national shock to the spread of innovation from universities - the Bayh-Dole Act of 1980 - with pre …-determined variation both within a university in academic strengths and across universities in federal research funding. Using longitudinal … university innovation increases with geographic proximity to the university. Counties surrounding universities that received more …
Persistent link: https://www.econbiz.de/10010553119
the R&D-to-patenting innovation process and a close analysis of the strengths and limitations of the Industry R&D Survey …&D platform can be linked to the operating performances of each firm’s establishments, further facilitating innovation …
Persistent link: https://www.econbiz.de/10005058618
We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
By exploiting establishment-level data for U.S. manufacturing, this paper sheds new light on the source of the changes in the structure of production, wages, and employment that have occurred over the last several decades. Based on recent theoretical work by Caselli (1999) and Kremer and Maskin...
Persistent link: https://www.econbiz.de/10010533905
. Empirically, we demonstrate that our model’s assumptions are present in the structure of technology and labor flows within Silicon … influence the shapes and sizes of industrial clusters; we confirm these predictions using variations across both technology …
Persistent link: https://www.econbiz.de/10010553120
There is substantial within-industry variation, even within industries that use and produce homogeneous inputs and outputs, in the prices that plants pay for their material inputs. I explore, using plant-level data from the U.S. Census Bureau, the consequences and sources of this variation in...
Persistent link: https://www.econbiz.de/10010553121
Union membership displayed an inverted U-shaped pattern over the 20th century, while the distribution of income sketched a U. A model of unions is developed to analyze these phenomena. There is a distribution of firms in the economy. Firms hire capital, plus skilled and unskilled labor....
Persistent link: https://www.econbiz.de/10010553469
This paper develops two algorithms. Algorithm I computes the exact, Gaussian, log-likelihood function, its exact, gradient vector, and an asymptotic approximation of its Hessian matrix, for discrete-time, linear, dynamic models in state-space form. Algorithm 2, derived from algorithm I, computes...
Persistent link: https://www.econbiz.de/10010541196
More than half a century ago, visionaries representing both the Census Bureau and the external research community laid … the foundation for the Center for Economic Studies (CES) and the Research Data Center (RDC) system. They saw a clear need … meet the designers’ requirements. Research at CES and the RDCs meets the commitments of the Census Bureau (and, recently …
Persistent link: https://www.econbiz.de/10008479319