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Americans Do I.T. Better: US Multinationals and the Productivity Miracle
bloom, nicholas; Sadun, Raffaella; van Reenen, John - National Bureau of Economic Research (NBER) - 2007
intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a …
Persistent link: https://www.econbiz.de/10005723169
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To Hold Out or Not to Hold Out
Schorfheide, Frank; Wolpin, Kenneth I. - National Bureau of Economic Research (NBER) - 2013
A recent literature has developed that combines two prominent empirical approaches to ex ante policy evaluation: randomized controlled trials (RCT) and structural estimation. The RCT provides a "gold-standard'' estimate of a particular treatment, but only of that treatment. Structural estimation...
Persistent link: https://www.econbiz.de/10010822002
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Assessing DSGE Model Nonlinearities
Aruoba, S. Boragan; Schorfheide, Frank; Bocola, Luigi - National Bureau of Economic Research (NBER) - 2013
We develop a new class of nonlinear time-series models to identify nonlinearities in the data and to evaluate nonlinear DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and nominal wage growth feature conditional...
Persistent link: https://www.econbiz.de/10010969293
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Beliefs, Doubts and Learning: Valuing Economic Risk
Hansen, Lars Peter - National Bureau of Economic Research (NBER) - 2007
This paper explores two perspectives on the rational expectations hypothesis. One perspective is that of economic agents in such a model, who form inferences about the future using probabilities implied by the model. The other is that of an econometrician who makes inferences about the...
Persistent link: https://www.econbiz.de/10005775165
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An Exploration of Local R&D Spillovers in France
MAIRESSE, Jacques; MULKAY, Benoît - National Bureau of Economic Research (NBER) - 2008
This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the model of an extended production function (Cobb-Douglas and Translog) with both local and neighborhood R&D capital stocks. We estimate this model on 312 employment areas as of...
Persistent link: https://www.econbiz.de/10005580341
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Complementarity and Aggregate Implications of Assortative Matching: A Nonparametric Analysis
Graham, Bryan S.; Imbens, Guido; Ridder, Geert - National Bureau of Economic Research (NBER) - 2009
This paper presents methods for evaluating the effects of reallocating an indivisible input across production units, taking into account resource constraints by keeping the marginal distribution of the input fixed. When the production technology is nonseparable, such reallocations, although...
Persistent link: https://www.econbiz.de/10005714049
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Estimation of Treatment Effects Without an Exclusion Restriction: with an Application to the Analysis of the School Breakfast Program
Millimet, Daniel L.; Tchernis, Rusty - National Bureau of Economic Research (NBER) - 2009
While the rise in childhood obesity is clear, the policy ramifications are not. School nutrition programs such as the School Breakfast Program (SBP) have come under much scrutiny. However, the lack of experimental evidence, combined with non-random selection into these programs, makes...
Persistent link: https://www.econbiz.de/10008627164
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Growth in Regions
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - National Bureau of Economic Research (NBER) - 2013
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and human capital. Regional convergence is about 2.5% per year,...
Persistent link: https://www.econbiz.de/10010950694
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The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data
Young, Andrew T.; Higgins, Matthew J.; Lacombe, Donald J.; … - National Bureau of Economic Research (NBER) - 2014
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10010951106
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Measuring Economic Growth from Outer Space
Henderson, J. Vernon; Weil, David; Storeygard, Adam - National Bureau of Economic Research (NBER) - 2009
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10005087493