Narrow search
Showing 1 - 10 of 985
Cover Image
The Geography of Crowdfunding
Agrawal, Ajay K. - 2011
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10012461837
Cover Image
The Characteristics and Geographic Distribution of Robot Hubs in U.S. Manufacturing Establishments
Brynjolfsson, Erik; Buffington, Catherine; Goldschlag, … - National Bureau of Economic Research - 2023
We use data from the Annual Survey of Manufactures to study the characteristics and geography of investments in robots across U.S. manufacturing establishments. We find that robotics adoption and robot intensity (the number of robots per employee) is much more strongly related to establishment...
Persistent link: https://www.econbiz.de/10014247984
Cover Image
Mechanics of Spatial Growth
Cai, Sheng; Caliendo, Lorenzo; Parro, Fernando; Xiang, Wei - National Bureau of Economic Research - 2022
We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial development and aggregate growth. Growth is shaped by the best global and local ideas that contribute to the local stock of knowledge. Global ideas diffuse more to locations...
Persistent link: https://www.econbiz.de/10013435141
Cover Image
Property Rights and Finance
Johnson, Simon; Woodruff, Christopher; McMillan, John - 2002
Which is the tighter constraint on private sector investment: weak property rights or limited access to external …
Persistent link: https://www.econbiz.de/10012469863
Cover Image
Survey Evidence on Diffusion of Investment Among Institutional Investors
Shiller, Robert J. - 1986
Contagion or epidemic models of financial markets are proposed in which interest in or attention to individual stocks is spread by word of mouth. The models give alternative interpretations of the random walk character of stock prices. A questionnaire survey of institutional investors was...
Persistent link: https://www.econbiz.de/10012477225
Cover Image
The Ineffectiveness of Effective Tax Rates on Business Investment
Chirinko, Robert S. - 1985
In his Fisher-Schultz Lecture, Martin Feldstein examined the effects of non-neutral tax rules on business investment by … existing U.S. tax rules, substantially discouraged investment in the past 15 years." In a detailed examination of Feldstein … with the relatively robust levels of net investment between 1965 and 1981 actually shown in the newly benchmarked National …
Persistent link: https://www.econbiz.de/10012477376
Cover Image
The Dynamic Impact of Exporting on Firm R&D Investment
Maican, Florin G. - 2020
This article estimates a dynamic structural model of firm R&D investment in twelve Swedish manufacturing industries and … uses it to measure rates of return to R&D and to simulate the impact of trade restrictions on the investment incentives. R … both the expected return to R&D and R&D investment level, thus reducing an important source of the dynamic gains from trade …
Persistent link: https://www.econbiz.de/10012482206
Cover Image
International R&D Spillovers and Institutions
Coe, David T. - 2008
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10012464577
Cover Image
Capital Flows to Developing Countries : The Allocation Puzzle
Gourinchas, Pierre-Olivier - 2007
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
Cover Image
Foreign Direct Investment and Domestic Economic Activity
Desai, Mihir A. - 2005
How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly …-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms …. Estimates produced using this instrument for changes in foreign activity indicate that 10% greater foreign capital investment is …
Persistent link: https://www.econbiz.de/10012466955