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Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012948079

Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, it and Productivity

Bloom, Nicholas - 2015

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

Persistent link: https://www.econbiz.de/10013038317

Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas - 2014

-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 from a baseline …

Persistent link: https://www.econbiz.de/10013057413

Modern Management : Good for the Environment or Just Hot Air?

Bloom, Nicholas - 2014

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are significantly...

Persistent link: https://www.econbiz.de/10012751267

Competition and Innovation : An Inverted U Relationship

Aghion, Philippe; Bloom, Nicholas; Griffith, Rachel; … - 2021

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

Persistent link: https://www.econbiz.de/10013230578

Internet Access and its Implications for Productivity, Inequality, and Resilience

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - 2021

About one-fifth of paid workdays will be supplied from home in the post-pandemic economy, and more than one-fourth on an earnings-weighted basis. In view of this projection, we consider some implications of home internet access quality, exploiting data from the new Survey of Working Arrangements...

Persistent link: https://www.econbiz.de/10013217683

Why Working From Home Will Stick

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - 2021

COVID-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays will be supplied from home after the pandemic ends, compared with just 5...

Persistent link: https://www.econbiz.de/10013232092

COVID-19 Shifted Patent Applications Toward Technologies that Support Working from Home

Bloom, Nicholas; Davis, Steven J.; Zhestkova, Yulia - 2021

We examine the text content of U.S. patent applications, identifying those that advance technologies in support of video conferencing, telecommuting, remote interactivity, and working from home (collectively, WFH). The share of new patent applications that advance WFH technologies more than...

Persistent link: https://www.econbiz.de/10013251524

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 look- ahead horizons. That is, the...

Persistent link: https://www.econbiz.de/10013242015

Pandemic-era uncertainty on Main Street and Wall Street

Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021

Persistent link: https://www.econbiz.de/10012416311