School of International and Public Affairs
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New York, NY 10027
Institutional Affiliations: Columbia University and IZA
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 , , : w24444
Using a new survey, we document high dispersion of marginal revenue products across firms in the European Union (EU). To interpret this dispersion, we develop a highly portable framework to quantify gains from better allocation of resources. We demonstrate that, apart from direct measures of distortions, firm characteristics, such as demographics, quality of inputs, utilization of resources, and dynamic adjustment of inputs, are predictors of the marginal revenue 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 show that cross-country differences in the dispersion of mar...
|September 2015||Does Foreign Entry Spur Innovation?|
with , : w21514
Using large firm-level and industry-level data sets from eighteen countries, we find that foreign direct investment (FDI) and trade have 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. However, while we detect the spillover effects with micro data at the firm-level, when we use linkage variables computed from input-output tables at the industry level we find much weaker, and usually insignificant, effects. These patterns are important for policy, suggesting that spillovers are localized to firms engaged directly with multinationals and in trade, rather than affecting all domestic firms in industries with FDI presence.
|November 2008||Globalization and innovation in emerging markets|
with , : 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, Country Studies, Olivier Jean Blanchard, Kenneth A. Froot, and Jeffrey D. Sachs, editors