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-scale evidence on how efficiently firms use these technologies. In this paper, we study firm productivity and learning in cloud … and persistent heterogeneity in compute productivity both across and within firms, similar to canonical results in the … use a wider variety of specialized machines. Notably, productivity is dynamic as firms learn to be more productive over …
Persistent link: https://www.econbiz.de/10015072880
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
We examine the rise of cloud computing and AI in China and their impacts on industry dynamics after the shock to the cost of Internet-based computing power and services. We find that cloud computing is associated with an increase in firm entry, exit and the likelihood of M&A in industries that...
Persistent link: https://www.econbiz.de/10015056134
required lower fixed costs and therefore was attractive to relatively low productivity entrants. These entrants then became … incumbents, locked into water power even if their productivity grew …
Persistent link: https://www.econbiz.de/10014528423
incentivize capacity investment, reduce reliance on spot markets, and enhance competition ameliorate the externality …
Persistent link: https://www.econbiz.de/10014512075
aggregate manufacturing productivity on the order of 25% in India and Mexico relative to the U.S …
Persistent link: https://www.econbiz.de/10012460526
this question, we propose a nested constant elasticity of substitution production function that distinguishes among three … the tasks of high-skill workers. We show that AI reduces the skill premium as long as it is more substitutable for high …
Persistent link: https://www.econbiz.de/10014544709
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
We estimate the causal effect of the diffusion of solar photovoltaic (PV) systems on the fraction of Green Party votes in federal and state elections in Baden-Württemberg, Germany. Our estimates are based on instruments that induce exogenous variation in roof appropriateness to PV installation....
Persistent link: https://www.econbiz.de/10014322712
We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization....
Persistent link: https://www.econbiz.de/10014372493