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The Variety and Quality of a Nation's Exports
Large economies export more in absolute terms than do small economies. We use data on shipments by 126 exporting countries to 59 importing countries in 5,000 product categories to answer theExpand
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Misallocation and Manufacturing TFP in China and India
Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing establishments to quantify the potential extent of misallocation in China and IndiaExpand
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The Neoclassical Revival in Growth Economics: Has It Gone Too Far?
In our view there has been a "Neoclassical Revival" in growth economics spurred by the empirical findings of Mankiw, Romer, and Weil (1992), Barro and Sala-i-Martin (1995), and Young (1994 and 1995).Expand
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Microeconomic Evidence on Price-Setting
The last decade has seen a burst of micro price studies. Many studies analyze data underlying national CPIs and PPIs. Others focus on more granular sub-national grocery store data. We review theseExpand
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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
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Some Evidence on the Importance of Sticky Prices
We examine the frequency of price changes for 350 categories of goods and services covering about 70% of consumer spending, based on unpublished data from the BLS for 1995 to 1997. Compared withExpand
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The Allocation of Talent and U.S. Economic Growth
Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergenceExpand
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Beyond GDP? Welfare Across Countries and Time
We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries usingExpand
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Endogenous Variety and the Gains from Trade
We explore the implications of models with increasing returns, endogenous variety and firm-level heterogeneity for the quantification of the gains from trade. We first focus on the impact of tradeExpand
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Relative Prices and Relative Prosperity
The positive correlation between PPP investment rates and PPP income levels across countries is one of the most robust findings of the empirical growth literature. We show that this relationship isExpand
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