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Racial Disparities in Access to Small Business Credit : Evidence from the Paycheck Protection Program
Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - National Bureau of Economic Research - 2021
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012660042
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Preparing for a Pandemic : Accelerating Vaccine Availability
Ahuja, Amrita; Athey, Susan; Baker, Arthur; Budish, Eric B. - National Bureau of Economic Research - 2021
Vaccinating the world's population quickly in a pandemic has enormous health and economic benefits. We analyze the problem faced by governments in determining the scale and structure of procurement for vaccines. We analyze alternative approaches to procurement. We find that if the goal is to...
Persistent link: https://www.econbiz.de/10012482707
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Monitoring for Waste : Evidence from Medicare Audits
Shi, Maggie - National Bureau of Economic Research - 2023
This paper examines the tradeoffs of monitoring for wasteful public spending. By penalizing unnecessary spending, monitoring improves the quality of public expenditure and incentivizes firms to invest in compliance technology. I study a large Medicare program that monitored for unnecessary...
Persistent link: https://www.econbiz.de/10014337803
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Market Response to Racial Uprisings
Ba, Bocar A.; Rivera, Roman; Whitefield, Alexander - National Bureau of Economic Research - 2023
Do investors anticipate that demands for racial equity will impact companies? We explore this question in the context of the Black Lives Matter (BLM) movement--the largest racially motivated protest movement in U.S. history--and its effect on the U.S. policing industry using a novel dataset on...
Persistent link: https://www.econbiz.de/10014337839
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Estimating the Effects of Government Spending Through the Production Network
Barattieri, Alessandro; Cacciatore, Matteo; Traum, Nora - National Bureau of Economic Research - 2023
We estimate the effects of government spending along the supply chain using disaggregated U.S. government procurement data. We first identify sectoral public spending shocks and combine them with input-output tables to measure upstream and downstream exposure through the production network. We...
Persistent link: https://www.econbiz.de/10014372437
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Contingent Trade Agreements
Harstad, Bård - National Bureau of Economic Research - 2024
There are often conflicts between proponents of trade and environmental activists. This paper shows, however, how trade agreements can be designed so as to motivate environmental conservation. I first analyze a standard trade model, where resource exploitation (e.g., deforestation) is a...
Persistent link: https://www.econbiz.de/10014544671
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Innovation : The Bright Side of Common Ownership?
Antón, Miguel; Ederer, Florian; Giné, Mireia; … - National Bureau of Economic Research - 2024
impediment to corporate innovation. By contrast, without technological spillovers, innovation has the effect of stealing market … share from rivals; in that case, more common ownership reduces innovation. Empirically, the association between common … ownership and innovation inputs and outputs decreases with product market proximity and increases with technology proximity. The …
Persistent link: https://www.econbiz.de/10014512046
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Scope, Scale and Concentration : The 21st Century Firm
Hoberg, Gerard; Phillips, Gordon M. - National Bureau of Economic Research - 2022
We provide evidence that over the past 30 years, U.S. firms have expanded their scope of operations. Increases in scope and scale were achieved largely without increasing traditional operating segments. Scope expansion significantly increases valuation and is primarily realized through...
Persistent link: https://www.econbiz.de/10013462720
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Research and/or Development? Financial Frictions and Innovation Investment
Mezzanotti, Filippo; Simcoe, Timothy S. - National Bureau of Economic Research - 2023
disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …
Persistent link: https://www.econbiz.de/10014337755
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Innovation Spillovers across U.S. Tech Clusters
Giroud, Xavier; Liu, Ernest; Müller, Holger M. - National Bureau of Economic Research - 2024
through their parent firms' networks of innovating plants. Cross-cluster innovation spillovers do not depend on the physical … physical distances. To rationalize these findings, and to inform policy, we develop a tractable model of spatial innovation … that features both within- and cross-cluster innovation spillovers. Based on our model, we derive a sufficient statistic …
Persistent link: https://www.econbiz.de/10014635640