institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on …

We investigate the effect of R&D subsidies on firms' innovation by ownership, industry, and firm size using German firm …

Should policymakers in developing countries prioritize foreign technology adoption over domestic innovation? How might …-country growth model with innovation and adoption. As the gaps narrow, productivity gains and spillovers from adoption diminish and …. Korea’s shift from adoption to innovation subsidies substantially contributed to growth and welfare. We also explore the …

resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second …

We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial … without rewards. We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer …

Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for … policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring … setting. While trade linkages with Brazil are significant for the Southern Cone countries (Argentina, Bolivia, Chile, Paraguay …