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Compulsory licensing allows firms in developing countries to produce foreign-owned inventions withoutthe consent of foreign patent owners. This paper uses an exogenous event of compulsory licensingafter World War I under the Trading with the Enemy Act to examine the long run effects of...
Persistent link: https://www.econbiz.de/10005870416
Estimates of the marginal product of capital can help forecast economic growth, test competing businesscycle theories, and perform cost-benefit analysis. This paper presents annual and quarterly estimatesof the marginal product of capital in the U.S. separately for the residential and...
Persistent link: https://www.econbiz.de/10005870313
This paper examines the determinants of intra-firm trade in U.S. imports using detailed country-productdata. We create a new measure of product contractibility based on the degree of intermediation in internationaltrade for the product. We find important roles for the interaction of country and...
Persistent link: https://www.econbiz.de/10005870330