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Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D …"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that … cost. Companies with greater demand for refinancing during the 2008 financial crisis made larger cuts to R&D investment …
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to CNC increased capital investment and experienced higher labor productivity. Total employment rose, with gains for …
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the value of firm-level investment incentives, and (d) substantially raise the valuation of benefits of carbon abatement …
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Created by the Tax Cuts and Jobs Act in 2017, the Opportunity Zone program was designed to encourage investment in …
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may mute their impact on productive investment. In an experiment in Malawi, we cross-cut cash transfers with an "input … fair," designed to reduce transport costs to access agricultural inputs. Cash alone increases investment by 27%, while the … joint provision of cash and the input fair increases investment by about 40%; thus, the incremental effect of the input fair …
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Recent policy attention has focused on proposals to reduce prices for drugs that have received public funding. From an implementation perspective, such policies rely on public disclosure of government support for research. In this paper, we highlight two conceptual problems with past attempts to...
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