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Trapped factors and China’s impact on global growth
Bloom, Nicholas; Romer, Paul; Terry, Stephen; Van … - London School of Economics (LSE) - 2014
long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional “trapped factor” effect. Starting …
Persistent link: https://www.econbiz.de/10011126023
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IT and management in America
Bloom, Nicholas; Brynjolfsson, Erik; Foster, Lucia; … - London School of Economics (LSE) - 2014
, higher rates of innovation and faster employment growth. Second, there is a substantial dispersion of management practices …
Persistent link: https://www.econbiz.de/10011125935
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Pandemic-Era Uncertainty on Main Street and Wall Street
Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021
We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the...
Persistent link: https://www.econbiz.de/10013232562
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Surveying Business Uncertainty
Altig, David - 2020
We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...
Persistent link: https://www.econbiz.de/10012848851
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Innovation, reallocation and growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - London School of Economics (LSE) - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010745637