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Investing with the Government : A Field Experiment in China
Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
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Mild Government Failure
Wei, Shang-jin; Xu, Jianhuan; Yin, Ge; Zhang, Xiaobo - National Bureau of Economic Research - 2023
A relatively mild form of government failure - for example, bureaucrats can count but do not differentiate quality - can significantly affect the efficacy of industrial policy. We investigate this idea in the context of China's largest pro-innovation industrial policy using a structural model....
Persistent link: https://www.econbiz.de/10014250195
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Sectoral Development Multipliers
Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
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Does "Made in China 2025" Work for China? : Evidence from Chinese Listed Firms
Branstetter, Lee; Li, Guangwei - National Bureau of Economic Research - 2022
Rising concern over the impact of Chinese industrial policy has led to severe trade tensions between China and some of its major trading partners. In recent years, foreign criticism has increasingly focused on the so-called "Made in China 2025" initiative. In this paper, we use information...
Persistent link: https://www.econbiz.de/10013462724
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Picking Winners? Government Subsidies and Firm Productivity in China
Branstetter, Lee; Li, Guangwei; Ren, Mengjia - National Bureau of Economic Research - 2022
Are Chinese industrial policies making the targeted Chinese firms more productive? Alternatively, are efforts to promote productivity undercut by efforts to maintain or expand employment in less productive enterprises? In this paper, we attempt to shed light on these questions through the...
Persistent link: https://www.econbiz.de/10013477191
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Do Technology Diffusion Theories Explain the OSS Business Model Adoption Patterns ?
Koski, Heli - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2007
This paper addresses the question of the software companies timing of adoption of the open source software (OSS) business models comprising the supply of OSS products and/or services. The game-theoretic technology adoption models do not explain well the observed diffusion patterns of the OSS...
Persistent link: https://www.econbiz.de/10005818351
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Innovation Market Failures and the Design of New Climate Policy Instruments
Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023
Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...
Persistent link: https://www.econbiz.de/10014337854
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Scalable Demand and Markups
Atalay, Enghin; Frost, Erika; Sorensen, Alan T.; … - National Bureau of Economic Research - 2023
We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...
Persistent link: https://www.econbiz.de/10014287331
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Mobility of ideas for innovation: The role of inventor-specific knowledge flows
Koski, Heli; Pajarinen, Mika - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2015
words, the larger the knowledge pool of an inventor entering (leaving) the firm, the more the firm’s innovation performance … pharmaceuticals and mechanical engineering such that the mobility of an inventor to a firm increases its innovation performance but … the mobility of an inventor from a firm does not affect its innovation performance. We further find that particularly …
Persistent link: https://www.econbiz.de/10011115239
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Knowledge Complementarity of a Firm’s Internal and External R&D Capabilities
Koski, Heli; Svento, Rauli - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2014
We use data from over 1500 Finnish companies for the years 2006-2008 and 2008-2010 to explore complementarity of a firm’s R&D strategy with its external knowledge acquisition and innovation collaboration strategies. We define knowledge complementarity (tacit knowledge complementarity) of R&D...
Persistent link: https://www.econbiz.de/10010987362