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Kantor, Shawn Everett; Whalley, Alexander T. - National Bureau of Economic Research - 2023

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...

Persistent link: https://www.econbiz.de/10014322858

Do Government Spending Multipliers Depend on the Sign of the Shock?

Ben Zeev, Nadav; Ramey, Valerie A.; Zubairy, Sarah - National Bureau of Economic Research - 2023

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...

Persistent link: https://www.econbiz.de/10014247936

Depression econometrics : a FAVAR model of monetary policy during the Great Depression

Ahmadi, Pooyan Amir; Ritschl, Albrecht - 2009

The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz [1963]. This paper presents evidence on both the surprise and the systematic components of monetary policy between 1929 and 1933. Doubts surrounding GDP estimates for...

Persistent link: https://www.econbiz.de/10003904615

Quantitative easing and corporate innovation

Grimm, Niklas; Laeven, Luc; Popov, Alexander - 2021

To what extent can Quantitative Easing impact productivity growth? We document a strong and heterogeneous response of …

Persistent link: https://www.econbiz.de/10012705397

An inquiry into the development of science and technology parks in China

Zhang, Haiyang; Sonobe, Tetsushi - 2010

agglomeration and congestion. The main finding is that the negative effect of congestion on productivity is highly likely to … outweigh the positive productivity effect of agglomeration economies within the STIPs but not among high-tech firms outside the … STIPs. The paper also finds that the productivity of high-tech firms, whether within or outside the STIPs, are positively …

Persistent link: https://www.econbiz.de/10008697467

Depression econometrics: A FAVAR model of monetary policy during the Great Depression

Ahmadi, Pooyan Amir; Ritschl, Albrecht - 2009

Persistent link: https://www.econbiz.de/10010270715

Impacts of Climate Change and Extreme Weather on U.S. Agricultural Productivity : Evidence and Projection

Wang, Sun Ling - 2017

.S. agricultural productivity using 1940-1970 historical weather data (mean and variation) as the norm. We have four major findings … a state's productivity. Third, the impacts of THI load shock and Oury index shock variables (deviations from historical … norm fluctuations) on productivity are more robust than the level of THI and Oury index variables across specifications …

Persistent link: https://www.econbiz.de/10012455149

The effects of racial diversity congruence between upper management and lower management on firm productivity

Richard, Orlando C.; Triana, María del Carmen; Li, … - In: Academy of Management journal : AMJ 64 (2021) 5, pp. 1355-1382

Persistent link: https://www.econbiz.de/10012814532

Labor supply heterogeneity and macroeconomic co-movement

Eusepi, Stefano; Preston, Bruce - 2009

Persistent link: https://www.econbiz.de/10003916072

Does regulation stimulate productivity? : the effect of air quality policies on the efficiency of US power plants

Fleishman, Rachel; Alexander, Rob; Bretschneider, Stuart Ira - In: Energy policy 37 (2009) 11, pp. 4574-4582

Persistent link: https://www.econbiz.de/10003916727

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