Can Firm Subsidies Spread Growth?
(with Elodie Andrieu)
How
do firms diffuse resources and do they spillover outside
headquarter intensive areas? We show R&D subsidies induce
French firms to hire new workers, often in new establishments
and commuting zones. Using subsidy induced labor demand shocks
and past employment patterns, we estimate a within industry
spillover elasticity of .26 to non-subsidy firms, rising to .35
for openings outside of headquarter areas. Spillovers are also
significant across firm branches and for firms. While subsidies
are nominally awarded to headquarters, firms expand to
distribute spillovers more broadly.
Firms in
Product Space: Adoption, Growth, and Competition
(with Luca
Macedoni and Vlad
Tyazhelnikov)
Which products are potentially produced
together? When demand for a product increases, which firms will
supply it? Using multi-product production patterns within and
across firms, we recover a continuous cost-based distance between
firms and unproduced products. Higher product distance implies
decreasing adoption frequency. When export demand induces
domestic product adoption, closer firms provide this supply.
Potential costs imply measures of Revenue and Competition
Potential. These predict firm sales and scope growth. If all
firms produced all products linked by co-production, consumer
welfare could increase by 16-30% under constant markups, rising to
46-86% under variable markups.
The
Comparative Advantage of Firms
(with Johannes Boehm, Swati
Dhingra)
J of
Political Economy (Lead Article)
Monopolistic
Competition
and Optimum Product Diversity Under Firm Heterogeneity
Awarded the Chair Jacquemin Prize J of Political
Economy
(with Swati Dhingra)
Learning About the Prospects for Mobility:
Economic and
Political Dynamics Following Fundamental Policy Reform
(with Michael
Carter)
J of
Public Economics
Firm Productivity Differences from Factor Markets
(with Wenya
Cheng)
J
of Industrial Economics
Efficiency
in Large Markets with Firm Heterogeniety
(with Swati
Dhingra)
Research
in Economics
Product
Diversification in Indian Manufacturing
(with Johannes
Boehm, Swati Dhingra) in New Developments
in Global Sourcing
"Resting" Projects
Benford’s Law, Families of Distributions, and a Test Basis
CEP Discussion Paper No 1291
The Political Economy of Inclusive Growth
(with Michael
Carter)
Is
Skill
Dispersion a Source of Productivity and Exporting in Developing
Countries?