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Insights / Research BriefMar 04, 2020

Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization

Most manufacturers, if they expect to grow and flourish, not only need to expand their existing product line but must also innovate and otherwise add to their product mix, whether that means adding entirely new items or improving the quality of existing goods. In other words, producing the same thing over and over, without any modifications or without branching out into other product lines, is not a typical recipe for long-term success.
Topics:  Industrial Organization
Insights / Research BriefApr 21, 2019

Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines

If you were thinking about buying a washing machine sometime in 2017, you may have been tempted to wait a little while for prices to fall. After all, prices had been dropping for about five years, so unless your current washer was inoperable, there was little reason to make a purchase in haste.
Topics:  Industrial Organization
Insights / Chart

US Washing Machine Imports and Korean Washing Machine Part Exports by Country

The manufacture and trade of washing machines and parts offers a clear example of the...
Topics:  Industrial Organization, Tax & Budget
Insights / Video

Becker Brown Bag: Artificial Intelligence and the Modern Productivity Paradox

We live in an age of paradox. In a wide variety of industries, artificial intelligence...
Topics:  Technology & Innovation