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Relative age effects in political selection

Tukiainen, Janne; Takalo, Tuomas; Hulkkonen, Topi - 2018

We exploit a regression discontinuity design to provide causal evidence of the relative age effect (RAE) on a long-run adult age outcome: Political selection. We find strong evidence of the RAE in politics in Finland. However, the effect is heterogeneous: We find that male candidates born early...

Persistent link: https://www.econbiz.de/10012148354

Evaluating the US pharmaceutical patent policy

Izhak, Olena; Saxell, Tanja; Takalo, Tuomas - 2021

The debate on whether COVID-19 vaccine patents are slowing down the pace of vaccination and the recovery from the crisis has brought the optimal design of pharmaceutical patent policy to the fore. In this paper we evaluate patent policy in the US pharmaceutical industry. We estimate the effect...

Persistent link: https://www.econbiz.de/10012815309

When do R&D subsidies boost innovation? Revisiting the inverted U-shape

Kilponen, Juha; Santavirta, Torsten - 2007

We show theoretically that a proportional R&D subsidy accelerates innovation activity at all degrees of competition in … inverted U-shape between competition and innovation. Secondly, we find some evidence that a direct R&D subsidy increases …

Persistent link: https://www.econbiz.de/10012147999

Rationales and instruments for public innovation policies

Takalo, Tuomas - 2013

Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …

Persistent link: https://www.econbiz.de/10012148172

Innovation, reallocation and growth

Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - 2013

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Persistent link: https://www.econbiz.de/10012148193

What types of bondholders impede corporate innovative activities?

Hasan, Iftekhar; O Brien, Jonathan; Ye, Pengfei - 2013

This study investigates whether institutional bond blockholders (i.e., bond funds that hold more than 5% of a firm's outstanding bonds) impede firm innovative activities, and if they do, through which channels. We find that long-term bond blockholders do not discourage firms from conducting...

Persistent link: https://www.econbiz.de/10012148194

Growth through heterogeneous innovations

Akcigit, Ufuk; Kerr, William R. - 2013

framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …

Persistent link: https://www.econbiz.de/10012148199