Showing 1 - 10 of 238
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
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
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
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
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
The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of certain technologies if complementary forms of organization are adopted. This issue may be of even greater importance for the case of greenhouse gas (GHG) abatement...
Persistent link: https://www.econbiz.de/10009564899
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
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
Based on an established theoretical framework of the drivers of inventive performance, the so-called KSAO (Knowledge …, Skills, Abilities, and Other) factors, this paper seeks to explain empirically the performance of inventors throughout their … of inventive performance such as inventor age and a broad list of applicant institution-, technology-, patent-, and …
Persistent link: https://www.econbiz.de/10011381965
Inter-departmental innovation collaboration facilitates innovation performance. At the same time, it has been … manufacturing firms we show inter-departmental innovation collaboration to increase process innovation performance, but also to … produce costs in terms of project delay and project termination. These costs, however, do not affect innovation performance at …
Persistent link: https://www.econbiz.de/10008901576