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Moonshot : Public R&D and Growth
Kantor, Shawn Everett; Whalley, Alexander T. - National Bureau of Economic Research - 2023
We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...
Persistent link: https://www.econbiz.de/10014322858
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The real effects of liquidity during the financial crisis : evidence from automobiles
Benmelech, Efraim; Meisenzahl, Ralf R.; Ramcharan, Rodney - In: The quarterly journal of economics 132 (2017) 1, pp. 317-365
Persistent link: https://www.econbiz.de/10011752449
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Pandemic, War, Inflation : Oil Markets at a Crossroads?
Baumeister, Christiane - National Bureau of Economic Research - 2023
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883
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Automation and Gender : Implications for Occupational Segregation and the Gender Skill Gap
Cortés, Patricia; Feng, Ying; Guida-Johnson, Nicolás; … - National Bureau of Economic Research - 2024
We examine the differential effects of automation on the labor market and educational outcomes of women relative to men over the past four decades. Although women were disproportionately employed in occupations with a high risk of automation in 1980, they were more likely to shift to high-skill,...
Persistent link: https://www.econbiz.de/10014468230
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Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
Hall, Robert E. - 2014
largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …
Persistent link: https://www.econbiz.de/10012458482
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The Long-Term Effects of Industrial Policy
Choi, Jaedo; Levchenko, Andrei A. - National Bureau of Economic Research - 2021
would have been 22-31% lower, depending on how long-lived are the productivity benefits of LBD. Between one-half and two …
Persistent link: https://www.econbiz.de/10012629483
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Subsidizing Fuel Efficient Cars : Evidence from China's Automobile Industry
Chen, Chia-Wen - 2017
The Chinese automobile market is the largest in the world with annual sales exceeding 20 million vehicles. The tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local air quality have prompted China's policy makers to incentivize the adoption of more fuel...
Persistent link: https://www.econbiz.de/10012455635
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The Real Effects of Liquidity During the Financial Crisis : Evidence from Automobiles
Benmelech, Efraim - 2016
Illiquidity in short-term credit markets during the financial crisis might have severely curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transaction, we find that the collapse of the...
Persistent link: https://www.econbiz.de/10012456527
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of …
Persistent link: https://www.econbiz.de/10012471183
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The Plant-Level View of an Industrial Policy : The Korean Heavy Industry Drive of 1973
Kim, Minho; Lee, Munseob; Shin, Yongseok - National Bureau of Economic Research - 2021
productivity of the targeted industries and regions grew significantly faster than those of non-targeted ones. While the plant …-level total factor productivity also grew faster in targeted industries and regions, the misallocation of resources within them … got significantly worse, especially among the entrants, so that the total factor productivity at the industry-region level …
Persistent link: https://www.econbiz.de/10012629472