Structural Empirical Research on Production and Value

9410039霍尔研究将集中在三个相关项目上。第一个项目将研究美国各州生产率的决定因素。这项跨州分析试图评估地理距离作为生产率决定因素的作用。该模型还考虑了跨州溢出效应和不同类型商品的溢出效应。第二个项目将通过一系列解释变量研究各国生产率的差异。主要的重点是考察寻租行为对生产率的重要性。第三个项目将研究美国制造业公司内部的价值创造，并将调查公司治理的各个方面对公司内部价值创造的影响程度。这部分研究的重点是考察各种变量的作用，如董事会的规模、董事会管理层的角色，以及经理激励计划等在创造价值方面的作用。这个项目很重要，因为它承诺提供的结果将极大地增强我们对美国各州生产率差异和各国生产率差异的了解。

9410039 Hall The research will focus on three related projects. The first project will study the determinants of productivity across the states of the United States. The cross-state analysis attempts to assess the role of geographic proximity as a determinant of productivity. The model also accounts for cross- state spillovers and spillovers from different types of goods. The second project will study variations in productivity across countries with a host of explanatory variables. The main emphasis is on examining the importance of rent-seeking behavior on productivity. The third project will examine the creation of value within manufacturing corporations in the United states and will investigate the extent to which various aspects of corporate governance affect the creation of value within corporations. The emphasis in this part of the study is on examining the role of variables such as the size of the board of directors, the role of the management of the board, and the incentive programs for managers, among others things, in creating value. This project is important because it promises to provide results that would greatly enhance our understanding of differences in productivity across states in the United States and differences in productivity across countries.