and shares of management workers, their higher shares in employment at the firm level are correlated with more innovation …

We analyze the role of endogenous capital-embodied innovation in macroeconomic dynamics. We first leverage a newly … equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation … replacement have stronger short-run expansionary effects than policies that stimulate innovation, but are less desirable in the …

We examine the relationship between product liability litigation and innovation by systematically combining data on …