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Investment Under Rational Inattention : Evidence from US Sectoral Data
Zorn, Peter - 2020
Macroeconomic and sector-specific shocks exert differential effects on investment in disaggregate sectoral data. The response to macroeconomic shocks is hump-shaped, just as in aggregate data. The effects of sectoral innovations decrease monotonically. A calibrated model of investment with...
Persistent link: https://www.econbiz.de/10012827670
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Foreign Competition and Domestic Innovation : Evidence from U.S. Patents
Autor, David H. - 2019
emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U ….S. patents matched to corporate owners, we quantify how foreign competition affects domestic innovation. Rising import exposure … intensifies competitive pressure, reducing sales, profitability, and R&D expenditure at U.S. firms. Accounting for confounding …
Persistent link: https://www.econbiz.de/10012861408
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Effects of Innovation on Employment : A Dynamic Panel Analysis
Lachenmaier, Stefan; Rottmann, Horst - 2021
panel GMM system estimation we find positive effects of innovation on employment. This result is robust to the use of …This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data … set of German manufacturing firms covers more than 20 years and allows us to use various innovation measures. We can …
Persistent link: https://www.econbiz.de/10013317021
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Profit Shifting in the EU : Evidence from Germany
Weichenrieder, Alfons J. - 2021
correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …
Persistent link: https://www.econbiz.de/10013316976
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Intra- and Inter-Industry Productivity Spillovers in OECD Manufacturing : A Spatial Econometric Perspective
Badinger, Harald; Egger, Peter H. - 2021
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...
Persistent link: https://www.econbiz.de/10013316626
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Big G
Cox, Lydia - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012836206
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Institutions and Offshoring Decision
Nicolini, Marcella - 2021
Several papers have proven that the institutional environment of the receiving country can influence the choice to establish an FDI. Property rights theory suggests that contract enforcement matters differentially across sectors. This paper is the first attempt to test whether institutions...
Persistent link: https://www.econbiz.de/10013316890
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Sectoral Uncertainty
Castelnuovo, Efrem; Tuzcuoglu, Kerem; Uzeda, Luis - 2022
We propose a new empirical framework that jointly decomposes the conditional variance of economic time series into a common and a sector-specific uncertainty component. We apply our framework to a large dataset of disaggregated industrial production series for the US economy. Our results...
Persistent link: https://www.econbiz.de/10014243086
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An empirically-based taxonomy of Dutch manufacturing : innovation policy implications
Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz; van … - 2004
industries. The same pattern shows up in the three Dutch Community Innovation Surveys. …
Persistent link: https://www.econbiz.de/10010275860
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The behavior of the maximum likelihood estimator of dynamic panel data sample selection models
Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz; van … - 2007
This paper proposes a method to implement maximum likelihood estimation of the dynamic panel data type 2 and 3 tobit …
Persistent link: https://www.econbiz.de/10010276140