The latest Forbes 2000 Rankings leave no doubt: Large corporations continue to exist (and they grow even larger), but fewer than ever originate in the U.S. Among the Top 10 listed firms four are Chinese. This article argues that firms from China and India will soon dominate the global...

Based on the World Input-Output Matrix 2016 estimated by Timmer et al. (2016), the Hypothetical Extraction Method is applied in a multi-country context to estimate Mexico's gross output and value added linked to the economic activity of the United States; and then the gross output and value...

The United States and European Union differ significantly in terms of their innovative capacity: the former have been able to gain and maintain world leadership in innovation and technology while the latter continues to lag. Notwithstanding the magnitude of this innovation gap and the political...

This paper looks at the genesis of innovation in the United States from a territorial perspective. The analysis aims to disentangle the impact of local R&D expenditure from other contextual conditions supportive of the process of innovation. Particular emphasis is devoted to the role of...

This paper analyzes factors that shape the technological capabilities of individual U.S. states and European countries, which are arguably comparable policy units. The analysis demonstrates convergence in technological capabilities from 2000 to 2007. The results indicate that social...

This paper analyzes factors that shape the technological capabilities of individual U.S. states and European countries, which are arguably comparable policy units. The analysis demonstrates convergence in technological capabilities from 2000 to 2007. The results indicate that social...

This appendix presents evidence that the US size and growth data sets analyzed in the main body of the paper are consistent with the stylized facts of (i) Zipf's law in city size distribution tails; (ii) Lognormality of city size distribution bodies; (iii) Gibrat's law (approximately) for the...

I develop an explanation of Zipf's law that is consistent with the observed marked heterogeneity in the growth of US cities. The explanation is that heterogeneous growth results in heterogeneous size distributions across cities, with the heaviest tailed distributions being Zipf and dominating...

Gibrat's law, the orthogonality of growth to initial levels, is considered a stylized fact of local population growth. But throughout U.S. history, local population growth has significantly deviated from orthogonality. In earlier periods smaller counties strongly converged whereas larger...

While it is clear that there has been a "regional inversion" in American patent activity over the past 25 years (i.e. relative rise of the Northwest and Southwest at the expense of the traditional invention hotbeds of the Northeast and Midwest), the reason is still open to speculation. Intuition...