Showing 1 - 10 of 1,814
Nearly 40% of England's privately built waterworks were municipalised in the late 19th century. We examine how this affected public health by pairing annual mortality data for over 600 registration districts, spanning 1869 to 1910, with detailed waterworks information. Identification is aided by...
Persistent link: https://www.econbiz.de/10012984124
Firms that export or, even more so, are part of a multinational enterprise tend to exhibit higher productivity than … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation …
Persistent link: https://www.econbiz.de/10013228042
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …
Persistent link: https://www.econbiz.de/10013228275
We examine productivity growth since World War II in the five leading research economies: West Germany, France, the … present a multicountry model of technological innovation and diffusion which has the implication that, for a wide range of … productivity, research, and patenting, we simulate the growth of the five countries, given initial productivity levels in 1950 and …
Persistent link: https://www.econbiz.de/10013237260
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … productivity (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a …
Persistent link: https://www.econbiz.de/10012778167
between appropriability mechanisms, innovation and firm-level productivity. We enrich this model in several ways. First, we … estimate the impact of the innovation output conditional on the choice of appropriability mechanisms on firms' productivity. We … consider different types of innovation spending and study the differences in estimates when innovation spending (rather than R …
Persistent link: https://www.econbiz.de/10013047021
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10013141855
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from US-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...
Persistent link: https://www.econbiz.de/10013127017
We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity … similar goods. The balance of adoption and innovation determines the shape of the distribution; innovation stretches the … of innovators. While innovation drives long-run growth, changes in the adoption environment can influence growth by …
Persistent link: https://www.econbiz.de/10012964404
The achievements in agricultural innovation over the past century have been impressive, supporting large increases in …
Persistent link: https://www.econbiz.de/10013039091