Tag Archives: Innovation

Technological Innovation, Resource Allocation, and Growth

Posted on May 16, 2014 by ozidar

From Leonid Kogan, Dimitris Papanikolaou, Amit Seru, Noah Stoffman: We explore the role of technological innovation as a source of economic growth by constructing direct measures of innovation at the firm level. We combine patent data for US firms from 1926 … Continue reading →

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Public R&D Investments and Private Sector Patenting: Evidence from NIH Funding Rules

Posted on January 30, 2014 by ozidar

From Pierre Azoulay, Joshua Graff-Zivin, Danielle Li, and Bhaven Sampat: This paper measures the impact of public R&D investments on innovation by private sector firms. We quantify the returns to grant spending at the National Institutes of Health (NIH) in … Continue reading →

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Heterogeneous Technology Diffusion and Ricardian Trade Patterns

Posted on November 25, 2013 by ozidar

From William Kerr: This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has three comparative advantages: including emerging and advanced economies, isolating panel variation regarding the link between productivity and exports, and exploiting heterogeneous … Continue reading →

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Do Tax Credits Stimulate R&D Spending? The Effect of the R&D Tax Credit in its First Decade

Posted on September 22, 2013 by ozidar

From Nirupama Rao: This paper examines the impact of the R&D tax credit between 1981-1991 using confidential IRS data from corporate tax returns. The key advances on previous work are an instrumental variables strategy based on tax law changes that addresses … Continue reading →

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MIT’s Heidi Williams Decodes Economics of Gene Sequencing

Posted on September 14, 2013 by ozidar

Here’s an interesting profile of Heidi Williams and her work on innovation in healthcare. HT: Marginal Revolution

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State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech

Posted on July 31, 2013 by ozidar

From Enrico Moretti and Dan Wilson: We evaluate the effects of state-provided financial incentives for biotech companies, which are part of a growing trend of placed-based policies designed to spur innovation clusters. We estimate that the adoption of subsidies for biotech … Continue reading →

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Innovation and Production in a Global Economy

Posted on July 1, 2013 by ozidar

From Costas Arkolakis, Natalia Ramondo, Andrés Rodríguez-Clare, and Stephen Yeaple: The process of globalization features increasing international specialization in innovation or production. To assess the welfare implications of this process, we develop a quantitative, multi-country general equilibrium model where firms can serve … Continue reading →

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Do fixed patent terms distort innovation? Evidence from cancer clinical trials

Posted on February 21, 2013 by ozidar

A new paper from Heidi Williams, Eric Budish, and Benjamin N. Roin: ABSTRACT: Patents award innovators a fixed period of market exclusivity, e.g., 20 years in the United States. Yet, since in many industries firms file patents at the time of discovery … Continue reading →

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How Much Do Wages Go Up When Profit Increases by a Dollar?

Posted on December 14, 2012 by ozidar

Given the interest in the rise of robots, shrinking labor shares and the owners of capital, I thought I’d highlight a Van Reenen paper that David Card suggested we read on the link between firm profitability and wages. It looks at at … Continue reading →

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Why Edward Conard of Bain Capital is wrong about Inequality and Capital Income Taxation

Posted on June 12, 2012 by ozidar

Edward Conard, a former Managing Director at Bain Capital, has been creating quite a stir with his new book, Unintended Consequences. I haven’t had a chance to read it yet, but I’ve read this article in the NYTimes about it … Continue reading →

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