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Vox EU:

How an oil price crash sparked clean innovation: Insights from Norway

The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether leveraging the technologi...Read more...

CEP discussion paper

Shock therapy for clean innovation: within-firm reallocation of R&D investments

We analyze how a major negative shock to the producers of fossil fuels may lead to a shift from dirty to clean R&D along the supply chain. First, we develop a theoretical framework of directed technical change, showing t...Read more...

CEP discussion paper

Strapped for cash: the role of financial constraints for innovating firms

This paper makes use of a reform that allowed firms to use patents as stand-alone collateral, to estimate the magnitude of collateral constraints and to quantify the aggregate impact of these constraints on misallocation...Read more...

Chapter

Firm-to-firm connections in Colombian imports

in World Trade Evolution

The vast majority of world trade flows is between firms. Only recently has research in international trade started to emphasize the importance of the connections between exporters and importers both in aggregate trade fl...Read more...

Journal article

American Economic Review:

Exporter dynamics and partial-year effects

Two identical firms who start exporting in different months, one each in January and December, will report dramatically different exports for the first calendar year. This partial-year effect biases down firstyear export...Read more...

Journal article

American Economic Review:

R and D, international sourcing, and the joint impact on firm performance

This paper studies the impact of an R&D cost shock on R&D investments, imported inputs, and their joint impact on firm performance. We introduce imported inputs into a model of R&D and endogenous productivity, and show t...Read more...