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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

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

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

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

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

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

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

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

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

Concentration and competition : evidence from Europe and implications for policy

Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022

The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...

Persistent link: https://www.econbiz.de/10013166348