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Intellectual Property Protection Lost and Competition : An Examination Using Machine Learning

Acikalin, Utku U.; Caskurlu, Tolga; Hoberg, Gerard; … - National Bureau of Economic Research - 2022

We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …

Persistent link: https://www.econbiz.de/10013462719

Acemoglu, Daron - National Bureau of Economic Research - 2024

This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...

Persistent link: https://www.econbiz.de/10014544765

Scenarios for the Transition to AGI

Korinek, Anton; Suh, Donghyun - National Bureau of Economic Research - 2024

We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...

Persistent link: https://www.econbiz.de/10014512109

The Long-Run Impacts of Regulated Price Cuts : Evidence from Medicare

Ji, Yunan; Rogers, Parker - National Bureau of Economic Research - 2024

significant reductions in innovation activity. Manufacturers decreased market entry and increased outsourcing to foreign producers …, associated with higher rates of product defects. Our calculations suggest the value of lost innovation may fully offset the … effects. These findings underscore the need to balance cost containment with incentives for innovation and quality in policy …

Persistent link: https://www.econbiz.de/10015094925

Can Operation Warp Speed Serve as a Model for Accelerating Innovations Beyond COVID Vaccines?

D'Souza, Arielle; Hoyt, Kendall; Snyder, Christopher M.; … - National Bureau of Economic Research - 2024

Operation Warp Speed (OWS) was a U.S. government-led program to accelerate the development, production, and administration of COVID-19 vaccines. The program cut the typical ten-year timeline needed to develop a new vaccine down to ten months and began vaccinating vulnerable populations within a...

Persistent link: https://www.econbiz.de/10015056157

Did Tariffs Make American Manufacturing Great? New Evidence from the Gilded Age

Klein, Alexander; Meissner, Christopher M. - National Bureau of Economic Research - 2024

We study the relationship between tariffs and labor productivity in US manufacturing between 1870 and 1909. Using highly dis-aggregated tariff data, state-industry data for the manufacturing sector, and an instrumental variable strategy, results show that tariffs reduced labor productivity....

Persistent link: https://www.econbiz.de/10015145051

Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Beware the Side Effects : Capital Controls, Trade, Misallocation and Welfare

Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - National Bureau of Economic Research - 2023

We show that capital controls have large adverse effects on misallocation, exports and welfare using a dynamic Melitz-OLG model with heterogeneous firms, monopolistic competition, endogenous trade participation and collateral constraints. Static effects increase misallocation by reducing...

Persistent link: https://www.econbiz.de/10014226160

Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock

Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023

Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...

Persistent link: https://www.econbiz.de/10013537796

The Social Returns to Public R&D

Fieldhouse, Andrew J.; Mertens, Karel - National Bureau of Economic Research - 2025

Recent empirical evidence by Fieldhouse and Mertens (2024) points to a strong causal link between federal nondefense R&D funding and private-sector productivity growth, and large implied social returns to public R&D investment. We show that these high social return estimates broadly align with...

Persistent link: https://www.econbiz.de/10015409811