Found 24 article(s) for author 'William R. Kerr'

Innovation, Reallocation and Growth

Innovation, Reallocation and Growth. William R. Kerr, 2013, Paper. “We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of a range of micro estimates…” Link

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Local Industrial Structures and Female Entrepreneurship in India

Local Industrial Structures and Female Entrepreneurship in India. William R. Kerr, 2013, Paper. “We analyze the spatial determinants of female entrepreneurship in India in the manufacturing and services sectors. We focus on the presence of incumbent female-owned businesses and their role in promoting higher subsequent female entrepreneurship relative to male entrepreneurship. We find evidence of agglomeration economies in both sectors, where higher female ownership among incumbent businesses within a district-industry predicts a greater share of subsequent entrepreneurs will be female…” Link Verified October 12, 2014

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Labor Regulations and European Venture Capital

Labor Regulations and European Venture Capital. William R. Kerr, January 2013, Paper. “European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor market insurance mechanisms. Venture capital investors are especially sensitive to these labor adjustment costs. Nations favoring labor market expenditures as the mechanism for providing worker insurance developed stronger venture capital markets over 1990–2008, especially in high volatility sectors…” Link Verified October 11, 2014

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