Narrow search
Showing 1 - 10 of 169
Cover Image
Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - National Bureau of Economic Research (NBER) - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10010885297
Cover Image
The Value of Brownfield Remediation
Haninger, Kevin; Ma, Lala; Timmins, Christopher - National Bureau of Economic Research (NBER) - 2014
The U.S. Environmental Protection Agency Brownfields Program awards grants to redevelop contaminated lands known as brownfields. This paper estimates cleanup benefits based on a nationally representative sample of brownfields using a variety of quasi-experimental techniques. To our knowledge,...
Persistent link: https://www.econbiz.de/10010950640
Cover Image
Growth in Regions
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - National Bureau of Economic Research (NBER) - 2013
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and human capital. Regional convergence is about 2.5% per year,...
Persistent link: https://www.econbiz.de/10010950694
Cover Image
Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012
We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...
Persistent link: https://www.econbiz.de/10010950745
Cover Image
Clusters, Convergence, and Economic Performance
Delgado, Mercedes; Porter, Michael E.; Stern, Scott - National Bureau of Economic Research (NBER) - 2012
This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining...
Persistent link: https://www.econbiz.de/10010950757
Cover Image
The Agricultural Productivity Gap
Gollin, Douglas; Lagakos, David; Waugh, Michael E. - National Bureau of Economic Research (NBER) - 2013
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap" suggests that labor is greatly misallocated...
Persistent link: https://www.econbiz.de/10010950838
Cover Image
Incentives and Outcomes: China's Environmental Policy
Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...
Persistent link: https://www.econbiz.de/10010950924
Cover Image
The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data
Young, Andrew T.; Higgins, Matthew J.; Lacombe, Donald J.; … - National Bureau of Economic Research (NBER) - 2014
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10010951106
Cover Image
Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
Leduc, Sylvain; Wilson, Daniel - National Bureau of Economic Research (NBER) - 2012
We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of...
Persistent link: https://www.econbiz.de/10011271401
Cover Image
Information Technology and the Distribution of Inventive Activity
Goldfarb, Avi; Greenstein, Shane Mitchell; Forman, Chris - National Bureau of Economic Research (NBER) - 2014
We examine the relationship between the diffusion of advanced internet technology and the geographic concentration of invention, as measured by patents. First, we show that patenting became more concentrated from the early 1990s to the early 2000s and, similarly, that counties that were leaders...
Persistent link: https://www.econbiz.de/10011271481