Found 50 article(s) for author 'William Kerr'

Introduction: US High-Skilled Immigration in the Global Economy

Introduction: US High-Skilled Immigration in the Global Economy. William Kerr, July 2015, Paper. “Immigrants account for approximately a quarter of all US Science and Engineering (S&E) workers with bachelors educations, and yet there have been at most a few dozen detailed academic studies that examine the link of immigration and innovation in the United States. High-skilled immigrants represent an increasing share of the US workforce, particularly in science and engineering S&E fields. Foreign-born individuals account for nearly 28% of doctorate-level workers in the United States and more than 45% of those with PhDs employed in S&E fields…” Link

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Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines. Edward L. Glaeser, William R. Kerr, May 2015, Paper. “We study entrepreneurship and growth through the lens of U.S. cities. Initial entrepreneurship correlates strongly with urban employment growth, but endogeneity bedevils interpretation. Chinitz (1961) hypothesized that coal mines near cities led to specialization in industries, like steel, with significant scale economies and that those big firms subsequently damped entrepreneurship across several generations. Proximity to historical mining deposits is associated with reduced…” Link

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Networks and the Macroeconomy: An Empirical Exploration

Networks and the Macroeconomy: An Empirical Exploration. William Kerr, April 14, 2015, Paper. “The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission whereby demand-side shocks propagate upstream (to input supplying industries) and supply-side shocks propagate downstream (to customer industries) and that there is a tight relationship between the direct impact of a shock and the magnitudes…” Link

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Informal Tradables and the Employment Growth of Indian Manufacturing

Informal Tradables and the Employment Growth of Indian Manufacturing. William R. Kerr, March 2015, Paper. “India’s manufacturing growth from 1989 to 2010 displays two intriguing properties: 1) a substantial fraction of absolute and net employment growth is concentrated in informal tradable industries, and 2) much of this growth is connected to the development of one-person establishments. This paper investigates the causes and determinants of these growth patterns. The rapid urbanization of the informal sector plays the strongest role, while there is some evidence for subcontracting by the formal sector and a “push” entrepreneurship story. The paper also finds modest connections of this growth to rising female...” Link

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Immigrant Entrepreneurship

Immigrant Entrepreneurship. William R. Kerr, December 2014, Paper. “This chapter examines immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. We quantify immigrant contributions to new firm creation in a wide variety of fields and using multiple definitions. While significant research effort has gone into understanding the economic impact of immigration into the United States, comprehensive data for quantifying immigrant entrepreneurship are difficult to assemble…” Link

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Financing Innovation

Financing Innovation. William R. Kerr, Ramana Nanda, November 2014, Paper. “We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review outlines the growing body of work that documents a role for debt financing related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects and how this impacts optimal financing design…” Link

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Global Collaborative Patents

Global Collaborative Patents, William R. Kerr, Paper. “We study the prevalence and traits of global collaborative U.S. patents for U.S. public companies, deÖned to be patents with at least one inventor inside the United States and one abroad. Collaborative patents are frequently observed when a U.S. public company is entering into a new foreign region for innovative work, especially in less developed settings where intellectual property protection is weak. Collaborative patents are also more frequent when the U.S.-based workforce of the Örm has a strong ethnic component to it…” Link

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House Money and Entrepreneurship

House Money and Entrepreneurship. William R. Kerr, Ramana Nanda. September 24, 2014, Paper. “We examine the relationship between house prices and entrepreneurship using microdata from the US Census Bureau. Increases in house prices are often thought to drive entrepreneurship through unlocking the collateral channel for bank loans, but this interpretation is challenged by worries regarding omitted variable biases (e.g., rising local demand) or wealth effects (i.e., that wealthier people are more likely to enter entrepreneurship for reasons other than access to collateral)…” Link

Tags: , , , Growing a Filipino E-Commerce Company Growing a Filipino E-Commerce Company. William R. Kerr, June 2014, Case. “AVA is a three-year old e-commerce company in the Philippines. From its early start mimicking the Gilt Groupe concept of online flash sales, the company has grown into a broader e-commerce platform for local fashion commerce. Oliver Segovia needs to evaluate where AVA should go next and answer some complicated personal questions. The case considers issues related to e-commerce platforms, diaspora-based international exchanges, business location choice, and global entrepreneurship broadly…” May require purchase or user account. Link Verified October 11, 2014

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Entrepreneurship as Experimentation

Entrepreneurship as Experimentation. William R. Kerr, Ramana Nanda, Matthew Rhodes-Kropf, Summer 2014, Paper. “Entrepreneurship research is on the rise, but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed, and unknowable until an investment is made. At a macro level, experimentation by new firms underlies the Schumpeterian notion of creative destruction. However, at a micro level, investment and continuation decisions are not always made in a competitive Darwinian contest…” Link

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