Showing 1 - 10 of 3,843
investment is one of the main driving forces for the increase in firm size, decline of labor share, the growth of superstar firms …
Persistent link: https://www.econbiz.de/10014247987
We explore how firms respond to downstream product shocks. We find that affected firms increase R&D and make additional safety-related investments in their existing assets-in-place. These investments vary with firm capabilities and across shock severity. Competitors appear to vicariously learn...
Persistent link: https://www.econbiz.de/10014635666
We reconsider the potential for explaining inter-industry wage differences by decomposing those differences into parts due to individual and employer heterogeneity, respectively. Using longitudinally linked employer-employee data, we estimate the model for the United States and France. The part...
Persistent link: https://www.econbiz.de/10010331905
Theory shows that vertical integration has contrasting two effects, efficiency and foreclosure effects. This study empirically estimates the relative size of these two effects. Unlike previous studies, I focus on a single vertical merger in order to use a panel dataset, and estimate its average...
Persistent link: https://www.econbiz.de/10010332229
growth, employment growth, profits growth and growth of R&D expenditure. Contrary to expectations, profit growth seems to … have little detectable effect on R&D investment. Instead, firms appear to increase their total R&D expenditure following … growth in sales and growth of employment. In a sense, firms behave 'as if' they aim for a roughly constant ratio of R&D to …
Persistent link: https://www.econbiz.de/10010266745
This paper studies 40 years of evolution in the German laser industry to test the generality of evolutionary patterns observed in the U.S. laser industry. Key characteristics found in the U.S. industry are also present in Germany. There is sustained entry into the industry, and neither a...
Persistent link: https://www.econbiz.de/10010267064
commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that … mechanism that reduces the knowledge filter and increases regional growth. This paper tests the hypotheses that new venture …
Persistent link: https://www.econbiz.de/10010271747
) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the … selection and productivity growth using data from industries where we observe producer-level quantities and prices separately … producers and the contribution of entry to aggregate productivity growth. …
Persistent link: https://www.econbiz.de/10010274165
This paper examines the relationship between business dynamics (entry and exit of firms) and employment growth at the … effect for services. This implies that different government policies may be required to achieve growth in these sectors. We …
Persistent link: https://www.econbiz.de/10010276934
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10010291565