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IPO Waves, Product Market Competition, and the Going Public Decision: Theory and Evidence
Chemmanur, Thomas J.; He, Jie - Census Bureau, Department of Commerce - 2012
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
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Wage and Productivity Dispersion in U.S. Manufacturing: The Role of Computer Investment
Dunne, Timothy; Foster, Lucia; Haltiwanger, John; … - Census Bureau, Department of Commerce - 2000
hypotheses. The first hypothesis is that the channel through which skill biased technical change works through the economy is via …
Persistent link: https://www.econbiz.de/10010533905
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk; Kerr, William R. - Census Bureau, Department of Commerce - 2012
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010553118
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University Innovation, Local Economic Growth, and Entrepreneurship
Hausman, Naomi - Census Bureau, Department of Commerce - 2012
-determined variation both within a university in academic strengths and across universities in federal research funding. Using longitudinal …
Persistent link: https://www.econbiz.de/10010553119
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Agglomerative Forces and Cluster Shapes
Kerr, William R.; Kominers, Scott Duke - Census Bureau, Department of Commerce - 2012
We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping firm interactions yield agglomeration clusters...
Persistent link: https://www.econbiz.de/10010553120
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Materials Prices and Productivity
Atalay, Enghin - Census Bureau, Department of Commerce - 2012
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
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The Rise and Fall of Unions in the U.S.
Dinlersoz, Emin; Greenwood, Jeremy - Census Bureau, Department of Commerce - 2012
organize and its members’ wage rate. Simulation of the developed model establishes that skilled-biased technological change …. Statistical analysis suggests that skill-biased technological change is an important factor in de-unionization. …
Persistent link: https://www.econbiz.de/10010553469
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Analytic Derivatives for Estimation of Linear Dynamic Models
Zadrozny, Peter A. - Census Bureau, Department of Commerce - 1988
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
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The Center for Economic Studies 1982-2007: A Brief History
Atrostic, B.K. - Census Bureau, Department of Commerce - 2009
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
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What Drives Racial Segregation? New Evidence Using Census Microdata
Bayer, Patrick; McMillan, Robert; Rueben, Kim - Census Bureau, Department of Commerce - 2002
characteristics, such as income, education and immigration status, can explain a significant portion of observed racial segregation … proportion - more than 30 percent - of Asian and Hispanic segregation, education explains a further 20 percent of Hispanic …
Persistent link: https://www.econbiz.de/10005058585