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Keywords:Technology 

Journal Article
Calling in cash: payments and mobile devices merge to offer speed, ease and a big 'wow'

TEN , Issue Sum , Pages 6-11

Working Paper
Network externalities and technology adoption: lessons from electronic payments

We seek to determine the presence and causes of network externalities for the automated clearinghouse (ACH) electronic payments system, using a monthly panel data set on individual bank adoption of ACH. We construct a model of ACH usage that shows how to separately identify network externalities from technological advancement and peer-group effects. We find significant evidence of network effects and find evidence that these network effects are not internalized. Moreover, a large part of these network effects is due to informational problems. Sunk costs of adoption appear to be low.
Working Papers , Paper 99-5

Journal Article
Technological trends affecting the manufacturing sector of New York City

The author concludes that manufacturing is still a vital part of New York City's economy, despite substantial job losses in this sector over the past two decades. An influx of skilled immigrants, the use of advanced technologies in production processes, and the ability to respond rapidly to global markets give New York City a strong future in manufacturing high-value goods.
Economic Policy Review , Volume 3 , Issue Feb , Pages 87-90

Working Paper
On the employment effect of technology : evidence from U.S. manufacturing for 1958-1996

Recently, Gal and others have found that technological progress may be contractionary: a favorable technology shock reduces hours worked in the short run. We ask whether this observation is robust in disaggregate data. According to our VAR analysis of 458 four-digit U.S. manufacturing industries for 1958-1996, some industries do exhibit temporary reduction in hours in response to a permanent increase in TFP. However, there are far more industries in which technological progress significantly increases hours. Using micro data on average price duration, we ask whether the difference across ...
Working Paper , Paper 03-06

Journal Article
Defense spending and high technology development: national and state issues

New England Economic Review , Issue Sep , Pages 3-22

Conference Paper
Using technology to achieve high-performance banking

Proceedings , Paper 528

Journal Article
Technology and manufacturing in the seventh district

Economic Perspectives , Volume 11 , Issue Sep

Journal Article
Biotech and the San Antonio economy

Vista

Working Paper
Production function estimation with industry capacity data

This paper introduces a new data set for the analysis of productivity in U.S. manufacturing. It consists of data on production and input levels when the plants in an industry operate at capacity. The estimates are consistent with those obtained using data on actual operations from the ASM. As an application, I use this data to estimate the rate of growth of technological change that is embodied in equipment capital. The estimates imply a larger role of equipment investment and embodied technological change on economic growth than is conventionally assumed.
Finance and Economics Discussion Series , Paper 2001-06

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