Comment on: Innovation, productivity, and monetary policy
In: Journal of Monetary Economics, Band 93, S. 42-44
23 Ergebnisse
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In: Journal of Monetary Economics, Band 93, S. 42-44
In: NBER Working Paper No. w23387
SSRN
In: American economic review, Band 100, Heft 5, S. 2093-2124
ISSN: 1944-7981
I develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically asymmetric, with poor countries facing higher costs to export relative to rich countries. I provide a method to model these asymmetries and demonstrate the merits of my approach relative to alternatives in the trade literature. I then argue that these trade frictions are quantitatively important to understanding the large differences in standards of living and total factor productivity across countries. (JEL F11, F13, F14, O19)
In: Journal of international economics, Band 117, S. 158-174
ISSN: 0022-1996
In: NBER Working Paper No. w24784
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In: Journal of economic dynamics & control, Band 72, S. 29-41
ISSN: 0165-1889
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Working paper
In: NBER Working Paper No. w20498
SSRN
In: NBER Working Paper No. w20495
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In: Journal of international economics, Band 92, Heft 1, S. 34-50
ISSN: 0022-1996
In: American economic review, Band 103, Heft 2, S. 948-980
ISSN: 1944-7981
Cross-country labor productivity differences are larger in agriculture than in non-agriculture. We propose a new explanation for these patterns in which the self-selection of heterogeneous workers determines sector productivity. We formalize our theory in a general-equilibrium Roy model in which preferences feature a subsistence food requirement. In the model, subsistence requirements induce workers that are relatively unproductive at agricultural work to nonetheless select into the agriculture sector in poor countries. When parameterized, the model predicts that productivity differences are roughly twice as large in agriculture as non-agriculture even when countries differ by an economy-wide efficiency term that affects both sectors uniformly. (JEL J24, J31, J43, O11, O13, O40)
In: NBER Working Paper No. w16796
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In: CESifo Working Paper Series No. 3356
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In: Journal of international economics, Band 115, S. 185-202
ISSN: 0022-1996