effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …

Are some management practices akin to a technology that can explain company and national productivity, or do they … cross-country total factor productivity differences. …

Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and … and firm-level productivity in Germany. In our preferred TFP estimates only a small fraction of this correlation is …