Publications

Explore our research papers, policy briefs, and reports on critical global issues

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9 publications trouvées

  • The Inverted-U Relationship Between Credit Access and Productivity Growth

    • Croissance

    • Innovation

    • Productivité

    We identify two counteracting effects of credit access on productivity growth: on the one hand, better access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access allows less efficient incumbent firms to remain longer on the market, thereby discouraging entry of new and potentially more efficient innovators. We […]

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  • Lobbying or Innovation: Who Does What Against Foreign Competition

    • Concurrence

    • Lobbying

    • Productivité

    • Working Paper

    This paper studies the relationship between competition and firms’ political influence. I use the China shock identification strategy to assess the impact of rising imports over the last two decades on US corporate lobbying. The empirical results are the following i) the increase in foreign competition has brought firms to increase their lobbying effort by […]

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    Olimpia Cutinelli-Rendina

  • Cultivating Productivity through Regulation:The Case of Pesticide Bans in France

    • Innovation

    • Productivité

    • Régulation

    • Working Paper

    This paper examines the long-standing debate on regulation’s impact on productivity and in-novation using novel French agricultural data combining farm-level balance sheets, crop pro-tection records, and regulatory changes. The findings highlight a policy trade-off. On theone hand, when regulation bans an active substance for which no substitute is available, itcauses short-term productivity declines that mitigation […]

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    Simon Bunel

  • The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France

    • Automatisation

    • Marché du travail

    • Productivité

    • Publication

    Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation technologies. We estimate that commuting zones with higher investments in modern manufacturing capital and automation benefit from higher labor demand, with an increase in both […]

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    Publiée

    May 2023

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  • How Different Uses of AI Shape Labor Demand: Evidence from France

    • IA

    • Travail et emploi

    • Productivité

    • Publication

    Using French firm-level data on AI adoption from 2017–2020, we find that, first, firms adopting AI are larger and more productive and skill intensive. Second, difference-in-difference estimates reveal an increase in firm-level employment and sales after AI adoption, suggesting that the induced productivity gains allow firms to grow and outweigh potential displacement effects. Third, occupations […]

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    Publiée

    May 2025

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  • Modern Manufacturing Capital, Labor Demand, and Product Market Dynamics: Evidence from France

    • Automatisation

    • Travail

    • Productivité

    • Publication

    This paper estimates the labor and product market effects of a fall in the cost of investments inmodern manufacturing capital, including modern automation technologies. Causal effects areestimated with a shift-share IV design leveraging pre-determined supply linkages and produc-tivity shocks. At both the firm and industry levels, we find that capital investments lead tohigher labor demand, […]

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  • Opposing firm-level Responses to the China Shock: Horizontal Competition Versus Vertical Relationships?

    • Productivité

    • Commerce

    • Publication

    We decompose the “China shock” into two components that induce different adjustments for firms exposed to Chinese exports: an output shock affecting firms selling goods that compete with similar imported Chinese goods, and an input supply shock affecting firms using inputs similar to the imported Chinese goods. Combining French accounting, customs, and patent information at […]

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    Publiée

    May 2024

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  • The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports

    • Innovation

    • Productivité

    • Commerce

    • Publication

    We analyze how demand conditions faced by a firm in its export markets affect its innovation decisions. We exploit exogenous firm-level export demand shocks and find that firms respond by patenting more; furthermore, this response is driven by the subset of initially more productive firms. The patent response arises two to five years after the […]

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    Publiée

    May 2024

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  • Lost in Transition: Financial Barriers to Green Growth

    • Destruction créatrice

    • Innovation

    • Productivité

    • Working Paper

    Green innovation offers a solution to climate change without compromising living standards. Yet theshare of climate-enhancing innovations in total patents, after booming for two decades, has seizedto grow since the Global Financial Crisis. We develop a quantitative framework in which firms direct innovation towards green or polluting technologies, and become better at innovating in technologies […]

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