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Reopening the convergence debate: A new look at cross-country growth empirics
There are two sources of inconsistency in existing cross-country empirical work on growth: correlated individual effects and endogenous explanatory variables. We estimate a variety of cross-countryExpand
The World Technology Frontier
We define a country's technology as a triple of efficiencies: one for unskilled labor, one for skilled labor, and one for capital. We find a negative cross-country correlation between the efficiencyExpand
The Marginal Product of Capital
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows.Expand
The U.S. Structural Transformation and Regional Convergence: A Reinterpretation
We present a joint study of the U.S. structural transformation (the decline of agriculture as the dominating sector) and regional convergence (of southern to northern average wages). We findExpand
Chapter 9 Accounting for Cross-Country Income Differences
Abstract Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production andExpand
Do Oil Windfalls Improve Living Standards? Evidence from Brazil
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect onExpand
Technological Revolutions
In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling)Expand
Cross-Country Technology Diffusion: The Case of Computers
We use data on imports of computer equipment for a large sample of countries between 1 970 and 1990 to investigate the determinants of computer-technology adoption. We find strong evidence thatExpand
A representative consumer theory of distribution
This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions,Expand
Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries
We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, aExpand