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China's Land Market Auctions: Evidence of Corruption
Cai, Hongbin; Henderson, J. Vernon; zhang, qinghua - National Bureau of Economic Research (NBER) - 2009
potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize …
Persistent link: https://www.econbiz.de/10004980319
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Costly Labor Adjustment: Effects of China's Employment Regulations
Cooper, Russell; Gong, Guan; Yan, Ping - National Bureau of Economic Research (NBER) - 2012
This paper studies the employment and productivity implications of new labor regulations in China. These new restrictions are intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing compensation. We estimate a model of costly labor...
Persistent link: https://www.econbiz.de/10011188568
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Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
Morck, Randall; Nakamura, Masao - National Bureau of Economic Research (NBER) - 2007
Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided...
Persistent link: https://www.econbiz.de/10005579952
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Provincial and Local Governments in China: Fiscal Institutions and Government Behavior
Gordon, Roger H.; Li, Wei - National Bureau of Economic Research (NBER) - 2011
What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for local residents to exercise "voice". Given the hukou registration system, local residents have little opportunity to threaten "exit" if they are unhappy with local taxes and...
Persistent link: https://www.econbiz.de/10008805812
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The Effects of High-Skilled Immigration on Firms: Evidence from H-1B Visa Lotteries
Doran, Kirk; Gelber, Alexander; Isen, Adam - National Bureau of Economic Research (NBER) - 2014
We study the effect of a firm winning an additional H-1B visa on the firm’s outcomes, by comparing winning and losing firms in the Fiscal Year 2006 and 2007 H-1B visa lotteries. We match administrative data on the participants in these lotteries to the universe of approved U.S. patents, and to...
Persistent link: https://www.econbiz.de/10011196772
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Intellectual Property Rights, the Pool of Knowledge, and Innovation
Stiglitz, Joseph E. - National Bureau of Economic Research (NBER) - 2014
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are … lead to a lower pace of innovation, and more generally, that long run effects may be the opposite of the short run effects. …
Persistent link: https://www.econbiz.de/10010821990
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The Effects of Research & Development Funding On Scientific Productivity: Academic Chemistry, 1990-2009
Rosenbloom, Joshua L.; Ginther, Donna K.; Juhl, Ted; … - National Bureau of Economic Research (NBER) - 2014
This article examines the relationship between Research & Development (R&D) funding and the production of knowledge by academic chemists. Using articles published, either raw counts or adjusted for quality, we find a strong, positive causal effect of funding on knowledge production. This effect...
Persistent link: https://www.econbiz.de/10010950830
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Patents as Quality Signals? The Implications for Financing Constraints on R&D
Hall, Bronwyn H; Czarnitzki, Dirk; Hottenrott, Hanna - National Bureau of Economic Research (NBER) - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010950857
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Leaders and Followers: Perspectives on the Nordic Model and the Economics of Innovation
Stiglitz, Joseph E. - National Bureau of Economic Research (NBER) - 2014
innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may … be particularly conducive to innovation, and demonstrates that, in general, the optimal policies of the leader should … industrial policies, public investments, and systems of social protection), not only leading to more innovation, but ensuring …
Persistent link: https://www.econbiz.de/10010950953
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Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel
Lach, Saul - National Bureau of Economic Research (NBER) - 2000
In evaluating the effect of an R&D subsidy we need to know what the subsidized firm would have spent on R&D had it not received the subsidy. Using data on Israeli manufacturing firms in the 1990s we find evidence suggesting that the R&D subsidies granted by the Ministry of Industry and Trade...
Persistent link: https://www.econbiz.de/10005088933