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IPO Waves, Product Market Competition, and the Going Public Decision: Theory and Evidence
Chemmanur, Thomas J.; He, Jie - Census Bureau, Department of Commerce - 2012
We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
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Wage and Productivity Dispersion in U.S. Manufacturing: The Role of Computer Investment
Dunne, Timothy; Foster, Lucia; Haltiwanger, John; … - Census Bureau, Department of Commerce - 2000
By exploiting establishment-level data for U.S. manufacturing, this paper sheds new light on the source of the changes …
Persistent link: https://www.econbiz.de/10010533905
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk; Kerr, William R. - Census Bureau, Department of Commerce - 2012
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010553118
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University Innovation, Local Economic Growth, and Entrepreneurship
Hausman, Naomi - Census Bureau, Department of Commerce - 2012
establishment-level data from the Census, I find that longrun employment and payroll per worker around universities rise …
Persistent link: https://www.econbiz.de/10010553119
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Agglomerative Forces and Cluster Shapes
Kerr, William R.; Kominers, Scott Duke - Census Bureau, Department of Commerce - 2012
We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping firm interactions yield agglomeration clusters...
Persistent link: https://www.econbiz.de/10010553120
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Materials Prices and Productivity
Atalay, Enghin - Census Bureau, Department of Commerce - 2012
outputs, in the prices that plants pay for their material inputs. I explore, using plant-level data from the U.S. Census …
Persistent link: https://www.econbiz.de/10010553121
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The Rise and Fall of Unions in the U.S.
Dinlersoz, Emin; Greenwood, Jeremy - Census Bureau, Department of Commerce - 2012
Union membership displayed an inverted U-shaped pattern over the 20th century, while the distribution of income sketched a U. A model of unions is developed to analyze these phenomena. There is a distribution of firms in the economy. Firms hire capital, plus skilled and unskilled labor....
Persistent link: https://www.econbiz.de/10010553469
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Analytic Derivatives for Estimation of Linear Dynamic Models
Zadrozny, Peter A. - Census Bureau, Department of Commerce - 1988
Friedlander, algorithms 1 and 2 can automatically handle any pattern of missing or linearly aggregated data. Although algorithm 1 …
Persistent link: https://www.econbiz.de/10010541196
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What Drives Racial Segregation? New Evidence Using Census Microdata
Bayer, Patrick; McMillan, Robert; Rueben, Kim - Census Bureau, Department of Commerce - 2002
light on the forces that drive observed segregation patterns. Making use of restricted micro-Census data from the San …. In contrast to the findings of the previous literature, which has been hampered by serious data limitations, our analysis …
Persistent link: https://www.econbiz.de/10005058585
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Firms and Layoffs: The Impact of Unionization on Involuntary Job Loss
Tinsley, Vanessa V - Census Bureau, Department of Commerce - 2003
This paper focuses on the impact of unionization on involuntary job loss using establishment data from the 1997 … National Employer Survey (NES-II) and merging those data with contextual data at the industry level as well as with local labor … market data. The estimated logit models included information on unionization rates and employment security provisions present …
Persistent link: https://www.econbiz.de/10005058587