Kauffman: Large Research Projects - NBER (Topic)最新文献

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Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 - 2008 测量1979 - 2008年中国、印度和美国双边技术差距的变化
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-10-01 DOI: 10.3386/W21657
Keting Shen, Jing Wang, J. Whalley
{"title":"Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 - 2008","authors":"Keting Shen, Jing Wang, J. Whalley","doi":"10.3386/W21657","DOIUrl":"https://doi.org/10.3386/W21657","url":null,"abstract":"Popular literature suggests a rapid narrowing of the technology gap between China and the U.S. based on large percentage increases in Chinese patent applications, and equally large increases in college registrants and completed PhDs (especially in sciences) in China in recent years. Little literature attempts to measure the technology gap directly using estimates of country aggregate technologies. This gap is usually thought to be smaller than differences in GDP per capita since the later reflect both differing factor endowments and technology parameters. This paper assesses changes in China’s technology gaps both with the U.S. and India between 1979 and 2008, comparing the technology level of these economies using a CES production framework in which the technology gap is reflected in the change of technology parameters. Our measure is related to but differs from the Malmquist index. We determine the parameter values for country technology by using calibration procedures. Our calculations suggest that the technology gap between China and the U.S. is significantly larger than that between India and the U.S. for the period before 2008. The pairwise gaps between the U.S. and China, and the U.S. and India remain large while narrowing at a slower rate than GDP per worker. Although China has a higher growth rate of total factor productivity than India over the period, the bilateral technology gap between China and India is still in India’s favor. India had higher income per worker than China in the 1970’s, and China’s much more rapid physical and human capital accumulation has allowed China to move ahead, but a bilateral technology gap remains.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127792587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Cheap Talk, Round Numbers, and the Economics of Negotiation 廉价谈话,整数和谈判经济学
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-06-01 DOI: 10.3386/W21285
M. Backus, Thomas Blake, S. Tadelis
{"title":"Cheap Talk, Round Numbers, and the Economics of Negotiation","authors":"M. Backus, Thomas Blake, S. Tadelis","doi":"10.3386/W21285","DOIUrl":"https://doi.org/10.3386/W21285","url":null,"abstract":"Can sellers credibly signal their private information to reduce frictions in negotiations? Guided by a simple cheap-talk model, we posit that impatient sellers use round numbers to signal their willingness to cut prices in order to sell faster, and test its implications using millions of online bargaining interactions. Items listed at multiples of $100 receive offers that are 5% - 8% lower but that arrive 6 - 11 days sooner than listings at neighboring \"precise\" values, and are 3% - 5% more likely to sell. Similar patterns in real estate transactions suggest that round-number signaling plays a broader role in negotiations.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133376997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 20
Procuring Firm Growth: The Effects of Government Purchases on Firm Dynamics 采购企业成长:政府采购对企业动态的影响
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-05-01 DOI: 10.3386/W21219
C. Ferraz, Frederico Finan, D. Szerman
{"title":"Procuring Firm Growth: The Effects of Government Purchases on Firm Dynamics","authors":"C. Ferraz, Frederico Finan, D. Szerman","doi":"10.3386/W21219","DOIUrl":"https://doi.org/10.3386/W21219","url":null,"abstract":"This paper tests whether demand shocks affect firm dynamics. We examine whether firms that win government procurement contracts grow more compared to firms that compete for these contracts but do not win. We assemble a comprehensive data set combining matched employer-employee data for the universe of formal firms in Brazil with the universe of federal government procurement contracts over the period of 2004 to 2010. Exploiting a quasi-experimental design, we find that winning at least one contract in a given quarter increases firm growth by 2.2 percentage points over that quarter, with 93% of the new hires coming from either unemployment or the informal sector. These effects also persist well beyond the length of the contracts. Part of this persistence comes from firms participating and wining more future auctions, as well as penetrating other markets.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"225 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114993756","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 85
The Facts of Economic Growth 经济增长的事实
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-05-01 DOI: 10.1016/BS.HESMAC.2016.03.002
C. I. Jones
{"title":"The Facts of Economic Growth","authors":"C. I. Jones","doi":"10.1016/BS.HESMAC.2016.03.002","DOIUrl":"https://doi.org/10.1016/BS.HESMAC.2016.03.002","url":null,"abstract":"","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"175 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115823805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 296
Financial Accelerator at Work: Evidence from Corn Fields 金融加速器在工作:来自玉米田的证据
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-04-01 DOI: 10.3386/w21086
Nittai K. Bergman, Rajkamal Iyer, Richard T. Thakor
{"title":"Financial Accelerator at Work: Evidence from Corn Fields","authors":"Nittai K. Bergman, Rajkamal Iyer, Richard T. Thakor","doi":"10.3386/w21086","DOIUrl":"https://doi.org/10.3386/w21086","url":null,"abstract":"This paper tests financial accelerator models. Using a novel dataset on agricultural production, we examine how exogenous productivity shocks arising from variation in temperature are propagated into the future. We find that past weather shocks have persistent effects on land values and productivity up to two years following the shock. Propagation and amplification of productivity shocks are both significantly larger during the farm debt crisis of the 1980s and amongst farms in lower income counties. Finally, we find higher investment in farm equipment and decreased borrowing following a positive weather shock.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"197 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133880350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Poisedness and Propagation: Organizational Emergence and the Transformation of Civic Order in 19th-Century New York City 从容与传播:19世纪纽约市的组织涌现与公民秩序的转变
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-03-01 DOI: 10.3386/w21011
Victoria Johnson, W. Powell
{"title":"Poisedness and Propagation: Organizational Emergence and the Transformation of Civic Order in 19th-Century New York City","authors":"Victoria Johnson, W. Powell","doi":"10.3386/w21011","DOIUrl":"https://doi.org/10.3386/w21011","url":null,"abstract":"The emergence of novelty, especially of new categories of people and organizations, is undertheorized in the social sciences. Some social worlds are more hospitable to novel introductions or exogenous perturbations than others. Explaining this relative \"poisedness\" is essential to understanding when and why new organizational forms appear, persist, and expand, both cognitively and geographically. We offer a comparative analysis of two cases of emergence in 19th-century New York City that examines the conditions under which a new organizational form - a research-intensive botanical garden - developed and took root. We show that social worlds are highly poised when environmental, intellectual, and civic factors have reinforcing consequences. Poisedness is amplified when the social character of the individuals produced by specific historical milieux attunes these innovators to the larger social and material processes that favor the creation of new modes of organization. Although our analysis of poisedness is fixed on a specific time and place, New York City over the course of the 19th century, our arguments about the emergence of new organizational forms apply readily to other settings and time periods.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"130 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121928575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
Mark-Up and Cost Dispersion Across Firms: Direct Evidence from Producer Surveys in Pakistan 加价和成本分散:来自巴基斯坦生产商调查的直接证据
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2015-01-01 DOI: 10.1257/AER.P20151050
D. Atkin, A. Chaudhry, Shamyla Chaudry, A. Khandelwal, E. Verhoogen
{"title":"Mark-Up and Cost Dispersion Across Firms: Direct Evidence from Producer Surveys in Pakistan","authors":"D. Atkin, A. Chaudhry, Shamyla Chaudry, A. Khandelwal, E. Verhoogen","doi":"10.1257/AER.P20151050","DOIUrl":"https://doi.org/10.1257/AER.P20151050","url":null,"abstract":"Researchers typically invoke theoretical assumptions to estimate mark-ups. Instead, we directly obtain mark-ups by surveying Pakistani soccer-ball producers. We document six facts: (1) Mark-ups are more dispersed than costs; (2) Mark-ups and costs increase with firm size; (3) The mark-up elasticity with respect to size exceeds the cost elasticity; (4) Costs increase with size because larger firms use higher-quality inputs; (5) Larger firms charge higher mark-ups because they have higher production shares of high-quality balls that carry higher mark-ups, and because they charge higher mark-ups conditional on ball type; (6) Correlations suggest marketing efforts are important for generating higher mark-ups.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126603144","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 55
The Risky Capital of Emerging Markets 新兴市场的风险资本
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2014-12-01 DOI: 10.3386/W20769
J. David, Espen Henriksen, Ina Simonovska
{"title":"The Risky Capital of Emerging Markets","authors":"J. David, Espen Henriksen, Ina Simonovska","doi":"10.3386/W20769","DOIUrl":"https://doi.org/10.3386/W20769","url":null,"abstract":"We use macroeconomic data to build a panel of international capital returns over a long horizon across both developed and developing countries. We document two facts: poor and emerging markets exhibit (1) high average returns to capital and (2) high betas on US returns. We quantitatively explore whether consumption-based risk faced by a US investor can reconcile these patterns. Long-run risks lead to return disparities at least 55% as large as those in the data. Fact (2), although not a sufficient statistic, is informative about the extent of long-run risk in foreign capital, and so about fact (1).","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128444338","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 29
Foreign Stem Workers and Native Wages and Employment in U.S. Cities 外国科技工作者与美国城市的本地工资和就业
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2014-05-01 DOI: 10.3386/W20093
G. Peri, Kevin Shih, Chad Sparber
{"title":"Foreign Stem Workers and Native Wages and Employment in U.S. Cities","authors":"G. Peri, Kevin Shih, Chad Sparber","doi":"10.3386/W20093","DOIUrl":"https://doi.org/10.3386/W20093","url":null,"abstract":"Scientists, Technology professionals, Engineers, and Mathematicians (STEM workers) are fundamental inputs in scientific innovation and technological adoption, the main drivers of productivity growth in the U.S. In this paper we identify the effect of STEM worker growth on the wages and employment of college and non-college educated native workers in 219 U.S. cities from 1990 to 2010. In order to identify a supply-driven and heterogeneous increase in STEM workers across U.S. cities, we use the distribution of foreign-born STEM workers in 1980 and exploit the introduction and variation of the H-1B visa program granting entry to foreign-born college educated (mainly STEM) workers. We find that H-1B-driven increases in STEM workers in a city were associated with significant increases in wages paid to college educated natives. Wage increases for non-college educated natives are smaller but still significant. We do not find significant effects on employment. We also find that STEM workers increased housing rents for college graduates, which eroded part of their wage gains. Together, these results imply a significant effect of foreign STEM on total factor productivity growth in the average US city between 1990 and 2010.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117172412","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 43
The Impact of Venture Capital Monitoring 风险投资监控的影响
Kauffman: Large Research Projects - NBER (Topic) Pub Date : 2014-04-16 DOI: 10.2139/ssrn.2341329
Shai Bernstein, Xavier Giroud, Richard R. Townsend
{"title":"The Impact of Venture Capital Monitoring","authors":"Shai Bernstein, Xavier Giroud, Richard R. Townsend","doi":"10.2139/ssrn.2341329","DOIUrl":"https://doi.org/10.2139/ssrn.2341329","url":null,"abstract":"We show that venture capitalists' (VCs) on-site involvement with their portfolio companies leads to an increase in both innovation and the likelihood of a successful exit. We rule out selection effects by exploiting an exogenous source of variation in VC involvement: the introduction of new airline routes that reduce VCs' travel times to their existing portfolio companies. We confirm the importance of this channel by conducting a large-scale survey of VCs, of whom almost 90% indicate that direct flights increase their interaction with their portfolio companies and management, and help them better understand companies' activities.","PeriodicalId":115451,"journal":{"name":"Kauffman: Large Research Projects - NBER (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130314052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 260
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