School of International and Public Affairs
420 West 118th Street, Room 1401E
New York, NY 10027
Information about this author at RePEc
NBER Working Papers and Publications
|March 2018||Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions|
with Yuriy Gorodnichenko, Debora Revoltella, Christoph T. Weiss: w24444
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and countries would raise EU GDP by at least 25 percent. Firm characteristics, such as demographics, quality of inputs, utilization of resources, and dynamic adjustment of inputs, are predictors of the marginal products of capital and labor. We emphasize that some firm characteristics may reflect compensating differentials rather than constraints and the effect of constraints on the dispersion of marginal products may hence be smaller than has been assumed in the literature. We also show that cross-country dif...
|September 2015||Does Foreign Entry Spur Innovation?|
with Yuriy Gorodnichenko, Katherine Terrell: w21514
Our estimates, based on large firm-level and industry-level data sets from eighteen countries, suggest that FDI and trade have strong positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from advanced economies. Moreover, our results indicate that the spillover effects can be detected with micro data at the firm-level, but that using linkage variables computed from input-output tables at the industry level yields much weaker, and usually insignificant, estimated effects. These patterns are consistent with spillover effects being rather proximate and localized.
|November 2008||Globalization and innovation in emerging markets|
with Yuriy Gorodnichenko, Katherine Terrell: w14481
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 emerging market economies, we estimate the effects of foreign competition, vertical linkages with foreign firms, and international trade on several types of innovation by domestic firms. Using instrumental variables and a battery of checks, we provide robust evidence of a positive relationship between foreign competition and innovation and show that the supply chain of multinational enterprises and international trade are also important channels. There is no evidence for an inverted U relationship between innovation and foreign competition. The relationship between globalization and innovation does not differ across the manufa...
Published: Yuriy Gorodnichenko & Jan Svejnar & Katherine Terrell, 2010.
"Globalization and Innovation in Emerging Markets,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 2(2), pages 194-226, April.
citation courtesy of
|January 1994||Stabilization and Transition in Czechoslovakia|
with Karel Dyba
in The Transition in Eastern Europe, Volume 1, Olivier Jean Blanchard, Kenneth A. Froot, and Jeffrey D. Sachs, editors