Dimitris papanikolaou thanks the zell center for risk and the jerome kenney fund for nancial support. This cited by count includes citations to the following articles in scholar. In a world where theres so much innovation, why has productivity growth been so slow. Nber working papers, national bureau of economic research, inc downloads. Technological innovation, resource allocation, and growth, the quarterly journal of economics, oxford university press, vol. Technological innovation, resource allocation, and growth. Kogan, leonid, dimitris papanikolaou, amit seru, and noah stoffman, 2017, technological innovation, resource allocation and growth, quarterly journal of economics 2 665712.
Measuring technological innovation over the long run, nber working papers 25266, national bureau of economic research, inc. Professor papanikolaou began his academic career at kellogg in 2007. Technological innovation and executive pay inequality february 4, 2017. He studied classical and modern greek literature in athens and comparative literature in. Access statistics for papers by dimitris papanikolaou. Kogan, leonid, dimitris papanikolaou, and noah stoffman, 2019, winners and losers. Dimitris papanikolaou faculty kellogg school of management. Technological innovation and executive pay inequality journal of financial economics, 2018, 1, 124 see also working paper 2015 2017. Dimitris papanikolaou, ddes, is an assistant professor at unc charlotte, jointly between the school of architecture and the department of software and information systems in the college of computing and informatics. Between 1945 and 1975, both france and greece developed an interplay between literature and popular music, each making a new national canon.
Lse research online documents on economics, london school of economics and political science, lse library. He holds a doctor of design from harvard gsd, an msc from mit media lab, an smarchs from mit sap, and a diploma in architectural engineering from ntua. Dimitris papanikolaou is an associate professor of modern greek studies at oxford university, where he teaches since 2004, also covering the themes of cultural studies, queer theory term referring to gender minorities and their rights and gender studies. N2 we develop a general equilibrium model that delivers realistic fluctuations in pay inequality as a result of changes in the technology frontier. O omofylofilos kavafis kai i poiitiki tis sexoualikotitas those people made like me. Northwestern university, new york university, stockholm school of economics, red rock finance conference, and the western finance association for helpful comments and discussions.
Now we can use this measure to explore other patterns, such as how much productivity is driven by changes in technology versus regulatory changes, shifts in market power, or other factors, he says. Kellogg school of management, northwestern university 2211 campus drive, global hub 4383, evanston il, 60208 email cv. Dimitris papanikolaou, professor of modern greek studies, st cross college, university of oxford, gives the opening remarks to the conference. Technological innovation and executive pay inequality with carola frydman journal of financial economics, 2018, 1, 124. We develop a general equilibrium model that delivers realistic fluctuations in both the level as well as the dispersion in executive pay as a result of changes in the technology frontier. Krieger, joshua and li, danielle and papanikolaou, dimitris, developing novel drugs december 29, 2017. Professor of finance, kellogg school of management. Panousi, vasia, and dimitris papanikolaou, investment, idiosyncratic risk, and ownership. Our measure uses newly collected data on patents issued to us firms in the 1926 to 2010 period. We document the response of firmlevel employment to an exogenous shock to firm financing needs during the great depression. Frydman, carola and papanikolaou, dimitris, in search of ideas. Dimitris papanikolaou national bureau of economic research. Since schumpeter, economists have argued that technological innovation is a key driver of economic growth.
Ba in economicsmsc in business and financial econimics. Technological innovation and the distribution of labor income growth, 2018 meeting papers 242, society for economic dynamics. Download it once and read it on your kindle device, pc, phones or tablets. A cinema of biopolitics, for edinburgh university press. B9327001 empirical asset pricing ii fall 2019 course. Leonid kogan, dimitris papanikolaou, amit seru and noah stoffman. Alvaro sandroni, maryam kouchaki, mark achler, thomas otoole and dimitris papanikolaou. Technological innovation, resource allocation, and.
Dimitris papanikolaou ddes is an urban scientist, architect, and engineer, and a postdoctoral researcher at harvard graduate school of design. Literature and popular music in france and greece legenda, 2007, san k emena kamomenoi. Working with interviews and a dataset covering over a year of operations 62k trips and 32m. He played at the shooting guard, small forward, and power forward positions. Technological innovation and labor income risk by leonid kogan, dimitris papanikolaou, lawrence d. No 17769, nber working papers from national bureau of economic research, inc abstract. How to adapt to changes in your industry in many businesses, change is the only constant. Such gains accrue partly to the innovators, who cannot sell claims on proceeds from their future ideas. Investment shocks and asset prices, journal of political economy, university of chicago press, vol. Our patentlevel estimates of private economic value are positively related to the scientific value of these patents, as measured by the number of citations the patent receives in the future. Developing novel drugs by joshua krieger, danielle li. Models of endogenous growth have rich testable predictions about both aggregate quantities and the crosssection of firms, linking improvements in the technology frontier to resource reallocation and subsequent economic growth. Eisfeldt is with anderson school of management, ucla.
We develop a general equilibrium model of asset prices in which benefits of technological innovation are distributed asymmetrically. Dimitris papanikolaou is the author of singing poets 0. We propose a new measure of the economic importance of each innovation. Journal of financial economics vol 120, issue 2, pages. Creative destruction and the stock market, journal of political economy, forthc. We thank vishal kamat for excellent research assistance.
Technological innovation and executive pay inequality with dimitris papanikolaou journal of financial economics, forthcoming paper ver. Our new measure is associated with substantial growth, reallocation, and creative destruction. Technological innovation and executive pay inequality. Literature provided the aesthetic criteria, the cultural prestige and the institutional basis for what aspired to be a higher form of popular song. Papanikolaou is with kellogg school of management, northwestern university and nber.
His research interests lie at the intersection of finance and innovation. Volume 120, issue 2 pages 211444 may 2016 download full issue. Dimitris papanikolaou is an associate professor of modern greek studies at the university of oxford. Dimitris papanikolaou, phd, harvard university midas. Technological innovation and labor income risk leonid kogan, dimitris papanikolaou, lawrence d. The value and ownership of intangible capital american. Measuring technological innovation over the long run with bryan kelly, amit seru, and matt taddy. He is currently completing the book greek weird wave. Our model recognizes that executives add value to the firm not only by participating in production decisions, but also by identifying new investment opportunities. He holds a doctor of design in urban studies from harvard gsd, an msc in media arts and sciences from mit media lab, an msc in design and computation from mit sap, and a diploma in architectural. Contact email dimpat dimitris papanikolaou dotcom office storrs 146 9201 university city blvd. He works on a variety of topics including the measurement and valuation of intangible assets. Investment shocks and asset prices jpe 2011 in replicationwiki working papers. Financial market participants do not capture all economic gains from innovation even when they own shares in innovating firms.
Papanikolaou believes that the innovation metric that the team created opens up many new avenues of research. Panousi, vasia, and dimitris papanikolaou, investment. Dimitris papanikolaou is an urban scientist, architect, and engineer, and a postdoctoral researcher at harvard gsd. Asset pricing, corporate finance, economic fluctuations and growth, productivity, innovation, and entrepreneurship we examine the relation between technological progress and the riskiness of labor income.
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