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Processing immigration shocks : firm responses on the innovation margin

Gray, Rowena; Montresor, Giulia; Wright, Greg C. - 2017

. We exploit firm-level panel data on product and process innovation activities in the United Kingdom and find that the … countries increased process innovation and reduced product innovation. This implies that the innovation response to labor supply …-skill intensity of firm production as well as firm size. In addition, the reduction in product innovation is lessened for firms whose …

Persistent link: https://www.econbiz.de/10011718191

Big data analytics : a new perspective

Chudik, Alexander; Kapetanios, George; Pesaran, M. Hashem - 2016

Model specification and selection are recurring themes in econometric analysis. Both topics become considerably more complicated in the case of large-dimensional data sets where the set of specification possibilities can become quite large. In the context of linear regression models, penalised...

Persistent link: https://www.econbiz.de/10011444508

British stock market, BREXIT and media sentiments - a big data analysis

Basak, Gopal Krishna; Pranab Kumar Das; Marjit, Sugata; … - 2019

In this paper we show, using a Machine Learning Framework and utilising a substantial corpus of media articles on Brexit, confirmed evidence of co-integration and causality between the ensuing media sentiments and British currency. The novel contribution of this paper is that along with...

Persistent link: https://www.econbiz.de/10012038978

Private versus social incentives for pharmaceutical innovation

González, Paula; Macho-Stadler, Inés; … - 2015

We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are "follow-on" drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a...

Persistent link: https://www.econbiz.de/10011406575

Heavyweights - the impact of large businesses on productivity growth

Falck, Oliver (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623797

Trade liberalization, selection and technology adoption with vertical linkages

Navas, Antonio; Nocco, Antonella - 2019 - This version: August 2019

and their consequences on average productivity and welfare in a trade model with heterogeneous firms. We find that the … decisions, having an impact on the average productivity of the economy and, ultimately, on welfare. …

Persistent link: https://www.econbiz.de/10012057254

The origins of firm heterogeneity : a production network approach

Bernard, Andrew B.; Dhyne, Emmanuel; Magerman, Glenn; … - 2019

This paper quantifies the origins of firm size heterogeneity when firms are interconnected in a production network. Using the universe of buyer-supplier relationships in Belgium, the paper develops a set of stylized facts that motivate a model in which firms buy inputs from upstream suppliers...

Persistent link: https://www.econbiz.de/10011956292

Growing productivity without growing wages : the micro-level anatomy of the aggregate labor share decline

Kehrig, Matthias; Vincent, Nicolas - 2017 - First version: November 2015, this version: March 29, 2017

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...

Persistent link: https://www.econbiz.de/10011646840

Explaining the size differences of exporter productivity premia : theory and evidence

Geishecker, Ingo; Schröder, Philipp J. H.; Sørensen, Allan - 2014

Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to … EPPs across sectors, and hence across countries, can be explained by the variation in productivity dispersion, trade costs …

Persistent link: https://www.econbiz.de/10010246063

Monopsony makes firms not only small but also unproductive : why East-Germany has not converged

Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2022

adverse consequences for aggregate labor productivity. Using high-quality administrative data from Germany, we document that … data predicts 10 percent lower aggregate labor productivity in East Germany. …

Persistent link: https://www.econbiz.de/10013201697