Tag Archives: Productivity

Technological Change through History: the View from 30,000 feet

Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories. It’s interesting to think about his post and these issues in terms of a simple (classical) model and … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

From Lorenzo Caliendo, Fernando Parro, Esteban Rossi-Hansberg, and Pierre-Daniel Sarte: We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Macroeconomic Implications of Agglomeration

From Morris Davis, Jonas Fisher, and Toni Whited: Cities exist because of the productivity gains that arise from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | 1 Comment

Innovation and Production in a Global Economy

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

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Incomes & the Cost of a Colonoscopy across US Cities

I’m a bit late to posting this since I had my qualifying exams on Monday, but I saw this map for the front page story of this Sunday’s NYTimes and thought it was interesting. It shows how much the cost … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

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

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

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

The Labor Market Is Not Zero Sum: EPI, Immigration, & Labor Market Misconceptions

Ross Eisenbrey had an NYT op-ed this week on immigration in which he said: “Bringing over more — there are already 500,000 workers on H-1B visas — would obviously darken job prospects for America’s struggling young scientists and engineers. But it … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment