No Image

Firm R&D Investment and Export Market Exposure

November 12, 2018 Bilal 0

Firm R&D Investment and Export Market Exposure https://ift.tt/2Qls2Fl Firm R&D Investment and Export Market Exposure NBER Working Paper No. 25228 Issued in November 2018 NBER Program(s):International Trade and Investment, Productivity, Innovation, and Entrepreneurship In this article we study differences in the returns to R&D investment between firms that sell in international markets and firms that only sell in the domestic market. We use German firm-level data from the high-tech manufacturing sector to estimate a dynamic structural model of a firm’s decision to invest in R&D and use it to measure the difference in expected long-run benefit from R&D investment for […]

No Image

The Rise of Cloud Computing: Minding Your P’s, Q’s and K’s

November 12, 2018 Bilal 0

The Rise of Cloud Computing: Minding Your P’s, Q’s and K’s https://ift.tt/2qsP3KU The Rise of Cloud Computing: Minding Your P’s, Q’s and K’s NBER Working Paper No. 25188 Issued in October 2018 NBER Program(s):Development of the American Economy, Economic Fluctuations and Growth, Productivity, Innovation, and Entrepreneurship Cloud computing—computing done on an off-site network of resources accessed through the Internet—is revolutionizing how computing services are used. However, because cloud is so new and it largely is an intermediate input to other industries, it is difficult to track in the U.S. statistical system. Moreover, there is a paucity of systematic information on […]

No Image

Taxation and innovation in the 20th century

October 16, 2018 Bilal 0

Taxation and innovation in the 20th century https://ift.tt/2OvPByo The 2017 Tax Cuts and Jobs Act represents one of the most significant structural changes to the US tax system in several decades. In light of this legislation, there is intense debate about the potential impact of taxes on the real economy. Taxes have been shown to influence the behaviour of corporations (Chetty and Saez 2005), high-skilled immigrants (Kleven et al. 2014), superstar inventors (Akcigit et al. 2016, Moretti and Wilson 2017), and aggregate economic activity (Zidar 2018). Understanding how taxation influences innovation is of central importance given recurrent efforts by policymakersto create […]

No Image

The Investment Boom…or Not | Econbrowser

September 3, 2018 Bilal 0

The Investment Boom…or Not | Econbrowser https://ift.tt/2N7u1yF Fixed nonresidential investment is rising at a rapid clip. However, there are some nuances to the headline story. Figure 1: Nonresidential fixed investment, in billions of Ch.2012$ (blue), and in billions of dollars (red), both SAAR, both on log-scale. Source: BEA, 2018Q2 2nd release. Some sizable portion of recent investment is associated with the mining/drilling/fracking phenomenon. Figure 2: Contributions to overall nonresidential fixed investment growth of structures investment in mining (red), and all else (blue). Source: BEA, 2018Q2 2nd release, and author’s calculations. For the moment, investment looks like it should be sustained. […]