We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...

Recent studies of developing countries have suggested that the effectiveness of foreign direct investment (FDI) as spur to econo mic growth depends on the availability of "human capital" or skilled labour in a host country. In other words, it is primarily the synergy between FDI and human...

Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...

Introduction / Gordon H. Hanson, William R. Kerr, and Sarah Turner -- High-skilled immigration and the comparative advantage of foreign-born workers across U.S.occupations / Gordon H. Hanson and Chen Liu -- The innovation activities of multinational enterprises and the demand for skilled worker,...

Introduction : why global talent matters to you -- Talent on the move -- The economics of talent clusters -- Innovation in the United States -- Points versus firms -- The education pathway -- Talent clusters to rule them all -- The new HR challenge -- Global diffusion remade -- Revenge of the...