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Trust, Intangible Assets, and Productivity
Cette, Gilbert; Lopez, Jimmy; Mairesse, Jacques; … - National Bureau of Economic Research - 2024
Business environments dominated by information flows and autonomous tasks, typical of knowledge-intensive industries, are likely to require enough social capital to be viable and productive. In this paper, we use new EUKLEMS-INTANProd industry-level data (Bontadini et al., 2023a) covering a...
Persistent link: https://www.econbiz.de/10014544791
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Customer Data Access and Fintech Entry : Early Evidence from Open Banking
Babina, Tania; Bahaj, Saleem; Buchak, Greg; De Marco, … - National Bureau of Economic Research - 2024
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288
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The Skill Complementarity of Broadband Internet
Akerman, Anders - 2015
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological … adoption of broadband internet in firms. Our results suggest that broadband internet improves (worsens) the labor outcomes and … internet. We find suggestive evidence that broadband adoption in firms complements skilled workers in executing nonroutine …
Persistent link: https://www.econbiz.de/10012457840
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How Does Expropriation Risk Affect Innovation?
Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative sector, building on Romer's(1990) model. Our framework predicts the R&D expenditure, the share of human capital in R&D, the number of patents, technical progress, and economic growth...
Persistent link: https://www.econbiz.de/10014512142
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GDP and Temperature : Evidence on Cross-Country Response Heterogeneity
Berg, Kimberly A.; Curtis, Chadwick C.; Mark, Nelson C. - National Bureau of Economic Research - 2023
We use local projections to estimate the cross-country distribution of real GDP per capita growth impulse responses to global and idiosyncratic temperature shocks. Negative growth responses to global temperature at longer horizons are found for all Group of Seven countries while positive...
Persistent link: https://www.econbiz.de/10014322715
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The Employment Effects of Mobile Internet in Developing Countries
Chiplunkar, Gaurav; Goldberg, Pinelopi K. - National Bureau of Economic Research - 2022
We examine the employment effects of 3G mobile internet expansion in developing countries. We find that 3G …
Persistent link: https://www.econbiz.de/10013477233
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Upward Mobility in Developing Countries
Génicot, Garance; Ray, Debraj; Concha-Arriagada, Carolina - National Bureau of Economic Research - 2024
This article provides an overview of the literature on mobility in developing countries. Explicit distinctions are drawn between directional and non-directional measures, absolute and relative measures, and combinations thereof. We note that the scarcity of panel data has hindered the...
Persistent link: https://www.econbiz.de/10014528430
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The A.I. Dilemma : Growth versus Existential Risk
Jones, Charles I. - National Bureau of Economic Research - 2023
Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...
Persistent link: https://www.econbiz.de/10014436968
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Misallocation and Asset Prices
Dou, Winston Wei; Ji, Yan; Tian, Di; Wang, Pengfei - National Bureau of Economic Research - 2024
We develop an endogenous growth model with heterogeneous firms facing financial frictions, where misallocation emerges explicitly as a crucial endogenous state variable and plays a significant role in driving economic growth through the valuation channel. The model illustrates that transient...
Persistent link: https://www.econbiz.de/10014486238
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Misallocation in Firm Production : A Nonparametric Analysis Using Procurement Lotteries
Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - National Bureau of Economic Research - 2023
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms' underlying...
Persistent link: https://www.econbiz.de/10014322699