Results 1 to 10 of about 74,751 (48)
Supply Network Formation and Fragility [PDF]
Social Science Research Network, 2020 We model the production of complex goods in a large supply network. Each firm sources several essential inputs through relationships with other firms.
M. Elliott, B. Golub, Mathieu V. Leduc
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The Productivity J-Curve: How Intangibles Complement General Purpose Technologies
American Economic Journal: Macroeconomics, 2018 General purpose technologies (GPTs) like AI enable and require significant complementary investments. These investments are often intangible and poorly measured in national accounts.
Erik Brynjolfsson +2 more
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Some Causal Effects of an Industrial Policy
The American Economic Review, 2019 We exploit changes in the area-specific eligibility criteria for a program to support jobs through investment subsidies. European rules determine whether an area is eligible for subsidies, and we construct instrumental variables for area eligibility ...
Chiara Criscuolo +3 more
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How Do Tax Incentives Affect Investment and Productivity? Firm-Level Evidence from China
American Economic Journal: Economic Policy, 2019 China initiated a major reform for capital taxation in 2004. Completed in 2009, it introduced permanent tax incentives for firms’ investment in fixed assets.
Yongzheng Liu, Jie Mao
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The Sources of Capital Misallocation
The American Economic Review, 2017 We develop a methodology to disentangle sources of capital “mis-allocation,” i.e., dispersion in value-added/capital. It measures the contributions of technological/informational frictions and a rich class of firm-specific factors.
J. David, Venky Venkateswaran
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Dividend Taxes and the Allocation of Capital
The American Economic Review, 2022 This paper investigates the 2013 threefold increase in the French dividend tax rate. Using administrative data covering the universe of firms from 2008 to 2017 and a quasi-experimental setting, we find that firms swiftly cut dividend payments and used ...
Charles Boissel, Adrien Matray
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The American Economic Review, 2020 The homes of firm owners are an important source of finance for ongoing businesses. We use UK microdata to show that a £1 increase in the value of the homes of a firm’s directors increases the firm’s investment by £0.03. This effect is concentrated among
Saleem Bahaj +2 more
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Spillover, Efficiency, and Equity Effects of Regional Firm Subsidies
American Economic Journal: Economic PolicyWe analyze the effects of a large place-based policy, subsidizing up to 50 percent of the investment costs of East German manufacturing plants. We show that a 1 percentage point decrease in subsidy rate leads to a 1 percent decrease in manufacturing ...
Sebastian Siegloch +2 more
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Household Matters: Revisiting the Returns to Capital Among Female Micro-Entrepreneurs
American Economic Review: Insights, 2017 Multiple field experiments report positive financial returns to capital shocks for male and not female microentrepreneurs. But these analyses overlook the fact that female entrepreneurs often reside with male entrepreneurs. Using data from experiments in
Arielle Bernhardt +3 more
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Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy
, 2020 The large regional variation in minimum wage levels during the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share.
H. Hau, Yi Huang, Gewei Wang
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