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Research and/or Development? Financial Frictions and Innovation Investment

Mezzanotti, Filippo; Simcoe, Timothy S. - National Bureau of Economic Research - 2023

disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …

Persistent link: https://www.econbiz.de/10014337755

The Topography of Nations

Allen, Treb - National Bureau of Economic Research - 2023

How does the interplay of geography and political-economic forces affect the shape of nations? This paper presents a quantitative framework for characterizing the equilibrium evolution of national boundaries in a world with a rich geography. The framework delivers simple equilibrium conditions...

Persistent link: https://www.econbiz.de/10014421232

Evaluating Pharmaceutical Policy Options

Ho, Katherine; Pakes, Ariel - National Bureau of Economic Research - 2024

Our calculations indicate that currently proposed U.S. policies to reduce pharmaceutical prices, though particularly beneficial for low-income and elderly populations, could dramatically reduce firms' investment in highly welfare-improving R&D. The U.S. subsidizes the worldwide pharmaceutical...

Persistent link: https://www.econbiz.de/10014576635

From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges

Wei, Shang-Jin - 2016

relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is … on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …

Persistent link: https://www.econbiz.de/10012455826