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Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie David - 2012

Might the dollar eventually follow the precedent of the pound and cede its status as leading international reserve currency? Unlike ten years ago, there now exists a credible competitor: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve...

Persistent link: https://www.econbiz.de/10013105149

German-Jewish Emigres and U.S. Invention

Moser, Petra - 2014

' effects on chemical innovation in the U.S. we compare changes in patenting by U.S. inventors in research fields of émigrés ….S. invention. Inventor-level data indicate that émigrés encouraged innovation by attracting new researchers to their fields, rather …

Persistent link: https://www.econbiz.de/10013057399

Why and Wherefore of Increased Scientific Collaboration

Freeman, Richard B. - 2014

This paper examines international and domestic collaborations using data from an original survey of corresponding authors and Web of Science data of articles that had at least one US coauthor in the fields of Particle and Field Physics, Nanoscience and Nanotechnology, and Biotechnology and...

Persistent link: https://www.econbiz.de/10013060638

Does Research Save Lives? The Local Spillovers of Biomedical Research on Mortality

McKibbin, Rebecca; Weinberg, Bruce A. - 2022

This paper investigates the local impact of biomedical research on mortality in the USA. Causally estimating the marginal value of biomedical research is challenging due to a lack of micro data linking health outcomes to plausibly exogenous variation in research. We create a new linkage between...

Persistent link: https://www.econbiz.de/10013322222

Uncertainty-Induced Reallocations and Growth

Bansal, Ravi; Croce, Mariano (Max) Massimiliano; Kiao, Wenxi - 2022

Focusing on both micro and aggregate U.S. data, we show the existence of a significant link between aggregate uncertainty and reallocation of resources away from R&D-intensive capital. This link is important because a decrease in the aggregate share of R&D-oriented capital forecasts lower...

Persistent link: https://www.econbiz.de/10013324702

The Role of Assets in Place : Loss of Market Exclusivity and Investment

Higgins, Matthew John; Kronlund, Mathias; Park, Ji Min; … - 2022

We utilize a novel identification strategy to analyze the impact of assets in place on firms' decisions for future projects. We exploit the context in the pharmaceutical industry, where the loss of market exclusivity for a branded drug can be used to separate the impact of cash flows generated...

Persistent link: https://www.econbiz.de/10013406834

R&D : A Small Contribution to Productivity Growth

Comin, Diego - 2022

innovation technology takes the form assumed in the literature, the actual US R&D intensity may be the socially optimal …

Persistent link: https://www.econbiz.de/10013308649

From Imitation to Innovation : Where is All that Chinese R&D Going?

König, Michael D.; Song, Zheng (Michael); … - 2022

We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of...

Persistent link: https://www.econbiz.de/10013309719

Innovation and Entrepreneurship in Housing

Kung, Edward - 2021

In this chapter, I discuss innovation and entrepreneurship in residential real estate and construction (housing). Based … major innovation trends in housing: the growth of the internet as a tool for housing search, and the development of home … comparison to residential real estate, there appears to have been less recent innovation in residential construction. In many …

Persistent link: https://www.econbiz.de/10013310681

Endogenous R&D Spillovers and Industrial Research Productivity

Adams, James D. - 2021

This paper explores the implications of a simple model of learning and innovation by firms. In this model R … learning and innovation, with learning responding to opportunities, innovation responding to learning and own R&D, and a stream …

Persistent link: https://www.econbiz.de/10013311190