Ecole Normale Supérieure de Paris Saclay
Bureau 503, Bat Cournot
61, avenue du Président Wilson
94235 Cachan Cedex
Institutional Affiliations: Ecole Normale Supérieure de Cachan and CREST, CEPII
Information about this author at RePEc
NBER Working Papers and Publications
|November 2018||Techies, Trade, and Skill-Biased Productivity|
with James Harrigan, Ariell Reshef: w25295
We study the impact of firm level choices of ICT, R&D, exporting and importing on the evolution of productivity and its bias towards skilled occupations. We use a novel measure of the propensity of a firm to engage in technology investment and adoption: its employment of workers with STEM (science, technology, engineering and math) skills and experience who we call “techies”. We develop a methodology for estimating firm level productivity that allows us to measure both Hicks-neutral and skill-augmenting technology differences, and apply this to administrative data on French firms in the entire private sector from 2009 to 2013. We find that techies and importing of intermediate inputs raise skill-biased productivity, while imports also raise Hicks-neutral productivity. We also find that hig...
|March 2016||The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007|
with James Harrigan, Ariell Reshef: w22110
Using administrative employee-firm-level data on the entire private sector from 1994 to 2007, we show that the labor market in France has polarized: employment shares of high and low wage occupations have grown, while middle wage occupations have shrunk. During the same period, the share of hours worked in technology-related occupations ("techies") grew substantially, as did imports and exports, and we explore the causal links between these trends. Our paper is among the first to analyze polarization in any country using firm-level data, and we show how polarization occured within firms, but mostly due to changes in the composition of firms (between firms). Motivated by the fact that technology adoption is mediated by technically qualified managers and technicians, we use a new measure of ...
|September 2012||Cherries for Sale: Export Networks and the Incidence of Cross-Border M&A|
with Bruce A. Blonigen, Lionel Fontagné, Nicholas Sly: w18414
This paper develops a dynamic model of cross-border M&A activity. We show that foreign firms will be relatively more attracted to targets in the domestic country that had high productivity levels several years prior to acquisition, but then suffered a negative productivity shock (i.e., cherries for sale). With high ex ante productivity levels, target firms are able to invest in large export networks that are valuable to foreign multinationals because of locational differences and trade costs. Subsequently, domestic firms that experience reductions in productivity no longer find their established network as valuable to serve independently, increasing the surplus generated by a foreign acquisition. From the theory we derive a dynamic panel binary choice empirical model that uses predetermine...
Published: Journal of International Economics Volume 94, Issue 2, November 2014, Pages 341–357 Cover image Cherries for sale: The incidence and timing of cross-border M&A ☆ Bruce A. Blonigena, b, , , Lionel Fontagnéc, , Nicholas Slya, d, , Farid Toubale,