Search Results
Working Paper
R&D Subsidy and Import Substitution: Growing in the Shadow of Protection
I study the effect of an innovation subsidy on the growth of firms in a developing country. Using administrative microdata for Brazil and difference-in-differences, I find that innovation subsidies drive firm growth by facilitating firm entry into high-tariff markets with domestically produced versions of foreign goods. After receiving an innovation subsidy, firms issue more patents, expand their workforce, and diversify their product line. However, these patents receive minimal citations, while also heavily citing foreign patents. Firms increase imports of foreign inputs and expand their ...
Journal Article
All the answers are different
Conference Paper
The role of technological and market structure in regulatory reform
Working Paper
Estimating total factor productivity in a generalized cost system
A description of two ways of adding an equation for total factor productivity to the generalized cost system of Atkinson and Halvorsen; includes a discussion of testing for regulatory biases.
Journal Article
Bidding against the future?
Journal Article
The economic war among the states: an overview