Showing 1 - 10 of 248
By exploiting establishment-level data for U.S. manufacturing, this paper sheds new light on the source of the changes …
Persistent link: https://www.econbiz.de/10010533905
Using a unique database that covers the entire U.S. manufacturing sector from 1976 until 1999, we estimate plant … shocks to productivity, taking into account aggregate manufacturing-sector shocks and industry-level shocks. Plant …
Persistent link: https://www.econbiz.de/10005058650
results show that the average service industry is less tradable than the average manufacturing industry. However, there is … considerable within-sector variation in estimated tradability and many service industries are as tradable as manufacturing … service trade are of the same order of magnitude as liberalization in the manufacturing sector. …
Persistent link: https://www.econbiz.de/10010859468
I study the relationship between firm growth and the characteristics of newly hired workers. Using Census microdata I …
Persistent link: https://www.econbiz.de/10010859491
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
impacts on industrial manufacturing outcomes has not been established. I use Census Bureau micro-data to estimate the impacts … of the Toxics Release Inventory on the opening of new manufacturing plants. I find that on average, counties that were …
Persistent link: https://www.econbiz.de/10010859528
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
Universities, often situated at the center of innovative clusters, are believed to be important drivers of local economic growth. This paper identifies the extent to which U.S. universities stimulate nearby economic activity using the interaction of a national shock to the spread of innovation...
Persistent link: https://www.econbiz.de/10010553119
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
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