Latest News and Research
-
Research and/or Development? Financial Frictions and Innovation Investment
By Filippo Mezzanotti and Timothy Simcoe
In a new Working Paper, TPRI affiliates Filippo Mezzanotti and Timothy Simcoe study how firms shifted the composition of their R&D investments during the 2008 financial crisis. Read More → -
Marketing and Economic Growth
By Leo Sveikauskas
Firms are increasingly investing in marketing activities; marketing assets are becoming an important component of firm capital. But how much do these investments contribute to economic growth? Read More → -
Digitalization is not gender-neutral
By Sabrina Genz and Claus Schnabel
Although numerous studies have investigated the aggregate employment effects of automation and digitalization, relatively little is known about the effects at the level of individual workers and along the gender dimension. Read More → -
The estimated annual financial impact of gene therapy in the United States
By Chi Heem Wong, Dexin Li, Nina Wang, Jonathan Gruber, Andrew W. Lo & Rena M. Conti
Gene therapy is a new class of medical treatment that alters part of a patient’s genome through the replacement, deletion, or insertion of genetic material. Read More → -
Pay Transparency and Inventor Productivity: Evidence from State-level Pay Secrecy Laws
By Huasheng Gao, Po-Hsuan Hsu, and Jin Zhang
It is well-known that firms commonly use “pay secrecy rules and practices” -- contracts and internal rules prohibiting or strongly discouraging employees from disclosing their wages to coworkers. Read More →