U.S. manufacturing firms that make sophisticated weapons systems for the Pentagon are subject to an unusual regulatory regime that obligates them to volunteer' information on their business practices to the government and to prime contractors as a condition of their special relationship with the...

U.S. manufacturing firms that make sophisticated weapons systems for the Pentagon are subject to an unusual regulatory regime that obligates them to volunteer' information on their business practices to the government and to prime contractors as a condition of their special relationship with the...

A conceptual basis is laid out for measuring the cost of capital for corpora- tions from data typically available in countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records of individual companies and on the aggregate...

A conceptual basis is laid out for measuring the cost of capital for corpora- tions from data typically available in countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records of individual companies and on the aggregate...

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...

Recent empirical work has examined the extent to which international trade fosters international spillovers' of technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers. I introduce a framework for measuring...