Ongoing global trends like climate change require firms to invest in projects that support their transformation. In order to unlock the huge sums of private capital necessary for these investments, the…
AI is characterized by the features of a general purpose technology and thus has the potential to spur innovation and productivity across sectors. While large digital U.S. companies are dominant players in the…
We study the cyclicality of public R&D in 29 OECD countries over the period 1995 to 2019. Public R&D is procyclical on average, and mostly driven by adjustments in public R&D aimed at the government and higher…
Until today, the question of how digitalisation and, in particular, individual digital technologies affect productivity is still the subject of controversial debate. Using administrative firm-level data provided…
Governments increasingly use nudges to improve tax collection. We synthesize the growing literature that evaluates nudging experiments using meta-analytical methods. We find that simple reminders increase the…
This study examines how early-life exposure to food scarcity influences individuals’ long-term time preferences and savings behavior. To this end, we analyze hand-collected historical data on livestock…
We study a hybrid marketplace where a vertically integrated platform competes with a seller in a horizontally differentiated downstream market. The platform has a data advantage and can price discriminate…
The interplay between business start-ups and closures is a key driver of economic transformation. In the face of geopolitical uncertainties and challenges like digitalisation and sustainability goals, examining…
Durch eine abnehmende Bedeutung im internationalen Technologie- und Wissenschaftswettbewerb ist das langfristige wirtschaftliche Wachstum von Deutschland bedroht. Die deutsche Exzellenzförderung von…
Cohesion policy in the European Union (EU) has been widely accepted as a tool to advance the catch-up process, i.e., helping member countries with lower GDP per capita to grow faster economically in order to…
This paper studies the welfare effects of school district consolidation. Using incomplete rank-ordered lists (ROLs) submitted for admission to the Hungarian secondary school system, we estimate complete ROLs…
