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Pharmaceutical Innovation, Mortality Reduction, and Economic Growth

Lichtenberg, Frank - National Bureau of Economic Research (NBER) - 1998

We perform an econometric investigation of the contribution of pharmaceutical innovation to mortality reduction and … pharmaceutical innovation, there would have been no increase and perhaps even a small decrease in mean age at death, and that new … drugs have increased life expectancy, and lifetime income, by about 0.75-1.0% per annum. The drug innovation measures are …

Persistent link: https://www.econbiz.de/10005778568

Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software

Feenstra, Robert C.; Knittel, Christopher R. - National Bureau of Economic Research (NBER) - 2004

In the second-half of the 1990s, the positive impact of information technology on productivity growth for the United States became apparent. The measurement of this productivity improvement depends on hedonic procedures adopted by the Bureau of Labor Statistics (BLS) and Bureau of Economic...

Persistent link: https://www.econbiz.de/10005778735

The MFA Paradox: More Protection and More Trade?

Harrison, Ann E.; Finger, J. Michael - National Bureau of Economic Research (NBER) - 1994

The textile industry's political power stemmed from its importance in southern states plus the power of the Southern delegation in the U.S. Congress in the 1960s. The strongest resistance to the industry's pressure for protection came from the foreign policy interests of the Executive branch. A...

Persistent link: https://www.econbiz.de/10005778807

Are Consumers Affected by Durable Goods Makers' Financial Distress? The Case of Auto Manufacturers

Syverson, Chad; Hortaçsu, Ali; Matvos, Gregor; … - National Bureau of Economic Research (NBER) - 2010

The financial decisions of durable goods makers can impose spillovers on their consumers. Namely, durable goods provide a consumption stream that frequently depends on services provided by the manufacturer (e.g., warranties, parts, and maintenance). Manufacturer bankruptcy, or even the...

Persistent link: https://www.econbiz.de/10008462305

Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks

Chevalier, Judith; Goolsbee, Austan - National Bureau of Economic Research (NBER) - 2005

Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high short-run discount rates (that exceed the publishers'), neoclassical authors have noted...

Persistent link: https://www.econbiz.de/10005580500

Pharmaceutical Prices and Political Activity

Ellison, Sara Fisher; Wolfram, Catherine - National Bureau of Economic Research (NBER) - 2001

Drug prices have been a conspicuous political issue in much of recent history, but no more so than during health care reform debates in 1993 and 1994. This paper investigates possible effects of political activity on pharmaceutical prices, with a particular focus on the health care reform...

Persistent link: https://www.econbiz.de/10005580836

Evidence on Learning and Network Externalities in the Diffusion of Home Computers

Goolsbee, Austan; Klenow, Peter J. - National Bureau of Economic Research (NBER) - 1999

In this paper we examine the importance of local spillovers such as network externalities and learning from others in the diffusion of home computers using data on 110,000 U.S. households in 1997. Controlling for many individual characteristics, we find that people are more likely to buy their...

Persistent link: https://www.econbiz.de/10005580845

The Micro-Dynamics of Catch Up in Indonesian Paper Manufacturing: An International Comparison of Plant-Level Performance

Szirmai, Adam; Van Dijk, Michiel - United Nations University, Maastricht Economic and … - 2007

In this study we analyze the micro-dynamics of catch up in Indonesian paper manufacturing using a two-country plant-level data set for the period 1975-1997. The Indonesian paper industry is selected as a case-study because it experienced spectacular investment and growth. It became one of the...

Persistent link: https://www.econbiz.de/10005150774

Firms in International Trade

Jensen, J. Bradford; Redding, Stephen James; Schott, … - National Bureau of Economic Research (NBER) - 2007

Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences...

Persistent link: https://www.econbiz.de/10005085327

Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?

Foster, Lucia Smith; Haltiwanger, John; Syverson, Chad - National Bureau of Economic Research (NBER) - 2005

There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved;...

Persistent link: https://www.econbiz.de/10005088607