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This paper suggests new federal policies towards state and local economic development assistance to business. I argue that there is some evidence that these programs can be effective in encouraging business growth and helping the unemployed. But state and local governments do not have the right...
Persistent link: https://www.econbiz.de/10011763181
The federal government should focus its policies towards economic development on areas in which the federal government has some unique advantages. Federal policy should: (1) discourage financial subsidies to specific large firms by state and local governments; (2) expand the federal role in...
Persistent link: https://www.econbiz.de/10011763189
The federal government should focus its policies towards economic development on areas in which the federal government has some unique advantages. Federal policy should: (1) discourage financial subsidies to specific large firms by state and local governments; (2) expand the federal role in...
Persistent link: https://www.econbiz.de/10005141961
This paper suggests new federal policies towards state and local economic development assistance to business. I argue that there is some evidence that these programs can be effective in encouraging business growth and helping the unemployed. But state and local governments do not have the right...
Persistent link: https://www.econbiz.de/10005116784
We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
This working paper reconsiders and adds to empirical evidence on the effect of federal government debt and interest rates.
Persistent link: https://www.econbiz.de/10010941125
“survival effect” as the change in productivity of a particular cohort of surviving plants as it ages. The data show that both …
Persistent link: https://www.econbiz.de/10005014669
specific United States manufacturing industries, using data on product composition and use of intermediates by individual …, owing to the implication of aggregate data that negative inputs are required to make particular goods. The plant-level data … explored here suggest that much of the rejection of the commodity technology model from aggregative data was spurious …
Persistent link: https://www.econbiz.de/10005014671
conflicting conclusions reached by these earlier studies. Data collected by the Bureau of the Census is analyzed to investigate … explained by understanding the characteristics of the data analyzed in each study. A large enough sample size is needed to find … relationship between productivity and IS spending varies across industries, industry mix is shown to be an important data …
Persistent link: https://www.econbiz.de/10005014672
This paper is a theoretical and empirical investigation of the connection between science, R&D, and the growth of capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and technology in the growth of human and physical capital,...
Persistent link: https://www.econbiz.de/10005014673