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Knowledge Remittances : Does Emigration Foster Innovation?
Fackler, Thomas - 2019
contributes to innovation in source countries. We use changes in the labour mobility legislation within Europe as exogenous …
Persistent link: https://www.econbiz.de/10012892171
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
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Will Destination-Based Taxes Be Fully Exploited When Available? An Application to the U.S. Commodity Tax System
Agrawal, David R. - 2019
-level policies that increase tax avoidance opportunities, the results of the empirical model broadly confirm our theory …
Persistent link: https://www.econbiz.de/10012892221
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Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
This note examines the stochastic behaviour of US monthly 10-year government bond yields. Specifically, it estimates a fractional integration model suitable to capture both persistence and non-linearities, these being two important properties of interest rates. Two series are analysed, one from...
Persistent link: https://www.econbiz.de/10013314848
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The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells declines sharply after listing for two weeks....
Persistent link: https://www.econbiz.de/10014243085
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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 …
Persistent link: https://www.econbiz.de/10012861408
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PRC Industrial Policies Postdate Rather than Lead Economic Activity
Holz, Carsten A. - 2020
Industrial policies are widely credited with upgrading the economic structure of the People's Republic of China (PRC) and advancing its economy towards and beyond the current technological frontier. Yet the data suggest that the PRC's economy-wide investment patterns—with investment embodying...
Persistent link: https://www.econbiz.de/10012841149
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The Intellectual Spoils of War? Defense R&D, Productivity and International Spillovers
Moretti, Enrico - 2019
which governments shape innovation, and dwarf all other public subsidies for innovation. We examine the impact of government …
Persistent link: https://www.econbiz.de/10012858206
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Population, pensions, and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - 2008
expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10010264503
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Quadratic Costs, Innovation and Welfare : The Role of Technology
Marjit, Sugata - 2020
In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …
Persistent link: https://www.econbiz.de/10012824572