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Big tech acquisitions and innovation : an empirical assessment
Barsy, Laureen de; Gautier, Axel - 2024
this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a … significant impact of the acquisition on the acquirer’s innovation effort. This decline is relatively larger when the acquired …
Persistent link: https://www.econbiz.de/10014505345
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The dynamics of automation adoption : firm-level heterogeneity and aggregate employment effects
Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …
Persistent link: https://www.econbiz.de/10014383690
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Globotics and Development : When Manufacturing is Jobless and Services are Tradable
Baldwin, Richard - 2020
Globalization and robotics (globotics) are transforming the world economy at an explosive pace. While much of the literature has focused on rich nations, the changes are quite likely to affect developing nations in important ways. The premise of the paper - which should be regarded as a...
Persistent link: https://www.econbiz.de/10012479255
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Not a Typical Firm : The Joint Dynamics of Firms, Labor Shares, and Capital–Labor Substitution
Hubmer, Joachim; Restrepo, Pascual - National Bureau of Economic Research - 2021
The decline in the U.S. labor share is far from uniform across firms. While the aggregate labor share has declined, especially in manufacturing, retail, and wholesale, the labor share of a typical firm in these industries has risen. This paper studies the dynamics of the substitution of capital...
Persistent link: https://www.econbiz.de/10012496133
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Computerizing Industries and Routinizing Jobs : Explaining Trends in Aggregate Productivity
Aum, Sangmin - 2018
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012453357
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Demographic change and bank profitability : empirical evidence from German savings banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010
Most European economies will experience significant demographic changes in the decades ahead. Due to low birth rates, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking industry. A unique data set, which contains detailed...
Persistent link: https://www.econbiz.de/10003925219
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Dynamic entry and exit linkages in the Brazilian manufacturing industry : an econometric investigation
Resende, Marcelo; Ribeiro, Eduardo Pontual; Zeidan, … - 2013
The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10009734846
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Do mergers among multimarket firms create value?
Linde, Sebastian; Siebert, Ralph - 2016
information on mergers and firm-level multimarket production and innovation within the semiconductor industry. Using the pairwise …
Persistent link: https://www.econbiz.de/10011549386
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A treatment effect method for merger analysis with an application to parking prices in Paris
Choné, Philippe; Linnemer, Laurent - 2010
Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment group and in a control group. We propose a systematic method to construct the groups, which applies to any industry with spatial competition. The method is consistent with the...
Persistent link: https://www.econbiz.de/10008757537
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Productivity, price- and wage-markups : an empirical analysis of the Dutch manufacturing industry
Amoroso, Sara; Melenberg, Bertrand; Plasmans, Joseph E. J. - 2015
This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage bargaining power. Our study contributes to several strands of literatures. First, we examine a monopolistic framework which accounts for wage bargaining. In addition to the...
Persistent link: https://www.econbiz.de/10010496909