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Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024

How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...

Persistent link: https://www.econbiz.de/10014512084

Mild Government Failure

Wei, Shang-jin; Xu, Jianhuan; Yin, Ge; Zhang, Xiaobo - National Bureau of Economic Research - 2023

A relatively mild form of government failure - for example, bureaucrats can count but do not differentiate quality …

Persistent link: https://www.econbiz.de/10014250195

Investing with the Government : A Field Experiment in China

Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022

We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...

Persistent link: https://www.econbiz.de/10013334380

Price Spillovers and Specialization in health Care : The Case of Children's Hospitals

McCarthy, Ian M.; Raval, Mehul V. - National Bureau of Economic Research - 2022

comparable clinical quality across hospital types. How specialty hospitals can maintain such a price premium remains an open …

Persistent link: https://www.econbiz.de/10013388780

Quality Regulation and Competition : Evidence from Pharmaceutical Markets

Atal, Juan Pablo; Cuesta, José Ignacio; Sæthre, Morten - National Bureau of Economic Research - 2022

Quality regulation attempts to ensure quality and foster competition by reducing vertical differentiation, but it may …, which is the primary quality standard for generic drugs. Exploiting the introduction of bioequivalence in Chile, we find … estimate a model of drug entry, certification, and demand to study the role of drug quality, aversion against generics, and …

Persistent link: https://www.econbiz.de/10013361980

Rising Markups or Changing Technology?

Foster, Lucia; Haltiwanger, John C.; Tuttle, Cody - National Bureau of Economic Research - 2022

Recent evidence suggests the U.S. business environment is changing, with rising market concentration and markups. The most prominent and extensive evidence backs out firm-level markups from the first-order conditions for variable factors. The markup is identified as the ratio of the variable...

Persistent link: https://www.econbiz.de/10013388847

Temperature and Local Industry Concentration

Ponticelli, Jacopo; Xu, Qiping; Zeume, Stefan - National Bureau of Economic Research - 2023

We use plant-level data from the US Census of Manufacturers to study the short and long run effects of temperature on manufacturing activity. We document that temperature shocks significantly increase energy costs and lower the productivity of small manufacturing plants, while large plants are...

Persistent link: https://www.econbiz.de/10014337767

Foreign Demand Shocks to Production Networks : Firm Responses and Worker Impacts

Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - National Bureau of Economic Research - 2022

We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks. To capture that firms can be indirectly exposed to such shocks by buying from or selling to domestic firms that import or export, we use Belgian data with information on both...

Persistent link: https://www.econbiz.de/10013388803

The Political Economy of Industrial Policy

Juhász, Réka; Lane, Nathan J. - National Bureau of Economic Research - 2024

We examine the ways in which political realities shape industrial policy through the lens of modern political economy. We consider two broad "governance constraints": i) the political forces that shape how industrial policy is chosen and ii) the ways in which state capacity affects...

Persistent link: https://www.econbiz.de/10014544785

Precautionary Protectionism

Traiberman, Sharon; Rotemberg, Martin - National Bureau of Economic Research - 2022

We develop a dynamic extension of Dornbusch et al. (1977) with "rustiness": the home country has relatively higher unit costs tomorrow for goods it is not producing today. We solve for optimal tariff policy when there is a potential for a crisis: an increase in demand for goods produced abroad....

Persistent link: https://www.econbiz.de/10013334517

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