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Author: William R. Kerr

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CEP discussion paper
Innovation, reallocation and growth

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovat...Read more...

Daron Acemoglu, Ufuk Akcigit, Nicholas Bloom and William R. Kerr

14 May 2013

SERC/Urban and Spatial Programme Discussion Paper
From Russia with Love: The Impact of Relocated Firms on Incumbent Survival

We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied z...Read more...

Oliver Falck, Christina Guenther, Stephan Heblich and William R. Kerr

27 August 2011