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Many studies in economics use instruments or treatments that combine a set of exogenous shocks with other predetermined variables via a known formula. Examples include shift-share instruments and measures of social or sp...Read more...
Kirill Borusyak, Peter Hull and Xavier Jaravel
1 January 2025
Introducing a new measure of scientific proximity between private firms and public research groups and exploiting a multi-billion euro financing program of academic clusters in France, we provide causal evidence of spill...Read more...
Antonin Bergeaud, Arthur Guillouzouic, Emeric Henry and Clement Malgouyres
26 October 2022