Research Papers

• 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.

• 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?

• 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.

• 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.

• 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.

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