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Francisco Javier Buera

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Fernando E. Alvarez & Francisco J. Buera & Robert E. Lucas, Jr., 2008. "Models of Idea Flows," NBER Working Papers 14135, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Robert E. Lucas
      by Metablog Obserwatora Finansowego in Obserwator Finansowy on 2009-12-10 17:59:58
  2. Fernando E. Alvarez & Francisco J. Buera & Robert E. Lucas, Jr., 2013. "Idea Flows, Economic Growth, and Trade," NBER Working Papers 19667, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Understanding Diffusion Models of Growth
      by dvollrath in The Growth Economics Blog on 2015-07-13 22:29:37

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Francisco J. Buera & Joseph P. Kaboski, 2012. "The Rise of the Service Economy," American Economic Review, American Economic Association, vol. 102(6), pages 2540-2569, October.

    Mentioned in:

    1. The Rise of the Service Economy (AER 2012) in ReplicationWiki ()
  2. Francisco J. Buera & Alexander Monge‐Naranjo & Giorgio E. Primiceri, 2011. "Learning the Wealth of Nations," Econometrica, Econometric Society, vol. 79(1), pages 1-45, January.

    Mentioned in:

    1. Learning the Wealth of Nations (ECTA 2011) in ReplicationWiki ()
  3. Francisco J. Buera & Yongseok Shin, 2013. "Financial Frictions and the Persistence of History: A Quantitative Exploration," Journal of Political Economy, University of Chicago Press, vol. 121(2), pages 221-272.

    Mentioned in:

    1. Financial Frictions and the Persistence of History: A Quantitative Exploration (JPE 2013) in ReplicationWiki ()

Working papers

  1. Francisco J. Buera & Nicholas Trachter, 2024. "Sectoral Development Multipliers," Working Paper 24-02, Federal Reserve Bank of Richmond.

    Cited by:

    1. Kuusi, Tero, 2025. "GenAI, Growth, and the Multi-Sector Multipliers," ETLA Working Papers 131, The Research Institute of the Finnish Economy.

  2. Buera, Francisco & Kaboski, Joseph & Mestieri, Marti & O'Connor, Daniel, 2022. "The Stable Transformation Path," CEPR Discussion Papers 15351, C.E.P.R. Discussion Papers.

    Cited by:

    1. Fangzhi Wang & Hua Liao & Richard S. J. Tol, 2023. "Baumol's Climate Disease," Papers 2312.00160, arXiv.org.
    2. Hassler, John & Krusell, Per & Olovsson, Conny, 2022. "Finite resources and the world economy," Journal of International Economics, Elsevier, vol. 136(C).
    3. Ali Sen, 2024. "Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters," Working Papers 048, The Productivity Institute.
    4. Gillman, Max, 2021. "Steps in industrial development through human capital deepening," Economic Modelling, Elsevier, vol. 99(C).
    5. Manuel García‐Santana & Josep Pijoan‐Mas & Lucciano Villacorta, 2021. "Investment Demand and Structural Change," Econometrica, Econometric Society, vol. 89(6), pages 2751-2785, November.

  3. Buera, Francisco & Kaboski, Joseph & Townsend, Robert, 2022. "From Micro to Macro Development," CEPR Discussion Papers 15775, C.E.P.R. Discussion Papers.

    Cited by:

    1. Minki Kim, 2025. "The Macroeconomic Consequences of Malaria Eradication in Sub-Saharan Africa," CRC TR 224 Discussion Paper Series crctr224_2025_690, University of Bonn and University of Mannheim, Germany.
    2. Hankun Yuan & Gangdong Peng & Changhao Song & Luyu Wang & Siyu Lu, 2025. "RETRACTED ARTICLE: Enhancing Digital Economy: Optimizing Export Enterprise Markup and Resource Allocation Efficiency," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 4185-4220, March.
    3. Ekaterina Zhuravskaya & Sergei Guriev & Andrei Markevich, 2024. "New Russian Economic History," PSE-Ecole d'économie de Paris (Postprint) hal-03874282, HAL.
    4. Ma, Xiao & Zhang, Yiran, 2023. "How do Multinational Firms Impact China’s Technology? The Role of Quid Pro Quo Policy and Technology Spillovers," MPRA Paper 119371, University Library of Munich, Germany.
    5. Diane Coyle, 2021. "The idea of productivity," Working Papers 003, The Productivity Institute.
    6. Oriana Bandiera & Robin Burgess & Erika Deserranno & Ricardo Morel & Imran Rasul & Munshi Sulaiman & Jack Thiemel, 2022. "Microfinance and Diversification," Economica, London School of Economics and Political Science, vol. 89(S1), pages 239-275, June.
    7. Ma, Xiao & Muendler, Marc-Andreas & Nakab, Alejandro, 2020. "Learning by Exporting and Wage Profiles: New Evidence from Brazil," MPRA Paper 109497, University Library of Munich, Germany, revised 31 Aug 2021.
    8. Michał Gradzewicz, 2022. "How do firms respond to demand and supply shocks?," KAE Working Papers 2022-075, Warsaw School of Economics, Collegium of Economic Analysis.
    9. Pubali Chakraborty & Anand Chopra & Lalit Contractor, 2024. "The Equilibrium Impact of Agricultural Support Prices and Input Subsidies," Working Papers 123, Ashoka University, Department of Economics.
    10. Jianjun Zhang & Min Li & Weihui Wang & Limei Wang, 2025. "The Construction and Practice of Using a Fuzzy Comprehensive Evaluation System for Project Maturity Based on the Sustainable Development of Entrepreneurship Among Chinese University Students," Sustainability, MDPI, vol. 17(2), pages 1-17, January.
    11. Yujing Xiang & Qinli Zhang & Daolin Wang & Shihai Wu, 2022. "Mining Investment Risk Assessment for Nations along the Belt and Road Initiative," Land, MDPI, vol. 11(8), pages 1-20, August.
    12. Haggard, Stephan & Kim, Kyoochul & Lee, Munseob, 2025. "Studying Economic Black Holes: Lessons from North Korea," IZA Discussion Papers 17872, IZA Network @ LISER.

  4. Buera, Francisco & Hopenhayn, Hugo & Shin, Yongseok & Trachter, Nicholas, 2021. "Big Push in Distorted Economies," CEPR Discussion Papers 15910, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lucas A. Mariani & Jose Renato Haas Ornelas & Bernardo Ricca, 2023. "Banks’ Physical Footprint and Financial Technology Adoption," Working Papers Series 576, Central Bank of Brazil, Research Department.
    2. Choi, Jaedo & Levchenko, Andrei A., 2025. "The long-term effects of industrial policy," Journal of Monetary Economics, Elsevier, vol. 152(C).
    3. Farrokhi, Farid & Lashkaripour, Ahmad & Pellegrina, Heitor S., 2024. "Trade and technology adoption in distorted economies," Journal of International Economics, Elsevier, vol. 150(C).
    4. Mariani, Lucas A. & Haas Ornelas, José Renato & Ricca, Bernardo, 2023. "Banks’ Physical Footprint and Financial Technology Adoption," IDB Publications (Working Papers) 12812, Inter-American Development Bank.
    5. Francisco J. Buera & Nicholas Trachter, 2024. "Sectoral Development Multipliers," Working Paper 24-02, Federal Reserve Bank of Richmond.

  5. Buera, Francisco & Fattal Jaef, Roberto & Hopenhayn, Hugo & Neumeyer, Pablo Andrés & Shin, Yongseok, 2021. "The Economic Ripple Effects of COVID-19," CEPR Discussion Papers 16071, C.E.P.R. Discussion Papers.

    Cited by:

    1. Katafuchi, Yuya, 2021. "Residential land price fluctuations caused by behavioral changes on work-from-home based on COVID-19," MPRA Paper 109310, University Library of Munich, Germany.
    2. Fernando Cirelli & Mark Gertler, 2022. "Economic Winners Versus Losers and the Unequal Pandemic Recession," NBER Working Papers 29713, National Bureau of Economic Research, Inc.
    3. Hall, Robert E. & Kudlyak, Marianna, 2022. "The Unemployed with Jobs and without Jobs," IZA Discussion Papers 15136, IZA Network @ LISER.
    4. Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023. "Rescue policies for small businesses in the Covid-19 recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 579-603, December.
    5. De La Peña, Rogelio & García, Ignacio, 2023. "Untangling crises: GFC and COVID-19 through the lens of a DSGE model," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(2).
    6. Cooper, Russell & Horn, Carl-Wolfram & Indraccolo, Leonardo, 2024. "Covid and productivity in Europe: A responsiveness perspective," European Economic Review, Elsevier, vol. 163(C).
    7. Guerini, Mattia & Nesta, Lionel & Ragot, Xavier & Schiavo, Stefano, 2024. "Zombification of the economy? Assessing the effectiveness of French government support during COVID-19 lockdown," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 263-280.
    8. Maureen Were & Kethi Ngoka, 2022. "An assessment of the effects of COVID-19 pandemic on Kenya's trade," WIDER Working Paper Series wp-2022-8, World Institute for Development Economic Research (UNU-WIDER).
    9. Brotherhood, Luiz & Jerbashian, Vahagn, 2023. "Firm behavior during an epidemic," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).
    10. Gustavo Leyva & Carlos Urrutia, 2023. "Informal Labor Markets in Times of Pandemic," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 158-185, January.
    11. Luca Portoghese & Patrizio Tirelli, 2024. "Getting ready for the next pandemic: supply- side policies to escape the health-vs-economy dilemma," DEM Working Papers Series 219, University of Pavia, Department of Economics and Management.
    12. Hashemi, Hossein & Rajabi, Reza & Brashear-Alejandro, Thomas G., 2022. "COVID-19 research in management: An updated bibliometric analysis," Journal of Business Research, Elsevier, vol. 149(C), pages 795-810.
    13. Hevia, Constantino & Macera, Manuel & Neumeyer, Pablo Andrés, 2022. "Covid-19 in unequal societies," Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).

  6. Francisco J. Buera & Juan Pablo Nicolini, 2019. "The Monetary and Fiscal History of Argentina, 1960-2017," Staff Report 580, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Antonio Cusato Novelli, 2021. "Sovereign default, political instability and political fragmentation," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 732-755, September.
    2. HSING, Yu, 2021. "Are The Predictions Of The Mundell-Fleming Model Applicable To Argentina?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(1), pages 37-48.
    3. Ariel Coremberg & Emilio Ocampo, 2025. "When did Argentina lose its way?," CEMA Working Papers: Serie Documentos de Trabajo. 902, Universidad del CEMA.
    4. Andrea Sbarile & Nicolás Blampied, 2024. "Conflict Inflation, Political Exchange and Failed Stabilization in Post-Convertibility Argentina," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 77(2), pages 265-292.

  7. Francisco Buera & Sudipto Karmakar, 2019. "Real effects of financial distress: the role of heterogeneity," Bank of England working papers 814, Bank of England.

    Cited by:

    1. Miguel H. Ferreira & Timo Haber & Christian Rörig, 2023. "Financial Constraints and Firm Size: Micro-Evidence and Aggregate Implications," Working Papers 948, Queen Mary University of London, School of Economics and Finance.
    2. Artashes Karapetyan, 2018. "To Ask or Not To Ask? Collateral versus Screening in Lending Relationships," Working Papers w201819, Banco de Portugal, Economics and Research Department.
    3. Madeira, Carlos, 2025. "The impact of financial crises on industrial growth in the Middle East and North Africa," Global Finance Journal, Elsevier, vol. 65(C).
    4. Marianna Endrész, 2020. "The bank lending channel during financial turmoil," MNB Working Papers 2020/5, Magyar Nemzeti Bank (Central Bank of Hungary).
    5. Hans Degryse & Artashes Karapetyan & Sudipto Karmakar, 2019. "To ask or not to ask: collateral vs screening in lending relationships," Bank of England working papers 778, Bank of England.
    6. Bruno Albuquerque, 2021. "Corporate debt booms, financial constraints and the investment nexus," Bank of England working papers 935, Bank of England.
    7. Nicolas Crouzet & Neil R. Mehrotra, 2018. "Small and Large Firms Over the Business Cycle," Working Papers 18-09, Center for Economic Studies, U.S. Census Bureau.
    8. Degryse, Hans & Karapetyan, Artashes & Karmakar, Sudipto, 2021. "To ask or not to ask? Bank capital requirements and loan collateralization," Journal of Financial Economics, Elsevier, vol. 142(1), pages 239-260.
    9. Ferreira, M. & Haber, T. & Rörig, C., 2021. "Financial Factors, Firm size and Firm Potential," Cambridge Working Papers in Economics 2176, Faculty of Economics, University of Cambridge.
    10. Bennouna, Hicham & Chmielewski, Tomasz & Doukali, Mohamed, 2019. "Monetary policy transmission in Morocco: Evidence from borrowers-level data," MPRA Paper 97086, University Library of Munich, Germany.
    11. Luísa Farinha & Marina-Eliza Spaliara, 2018. "Bank shocks and firm performance: New evidence from the sovereign debt crisis," Working Papers w201824, Banco de Portugal, Economics and Research Department.
    12. Miguel H. Ferreira, 2023. "Aggregate Implications of Corporate Bond Holdings by Nonfinancial Firms," Working Papers 967, Queen Mary University of London, School of Economics and Finance.
    13. Ricardo Duque Gabriel, 2022. "The Credit Channel of Public Procurement," GEE Papers 0171, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Nov 2022.
    14. Neil Mehrotra, 2018. "Debt Sustainability in a Low Interest Rate World," 2018 Meeting Papers 285, Society for Economic Dynamics.
    15. Banerjee, Ryan N. & Gambacorta, Leonardo & Sette, Enrico, 2021. "The real effects of relationship lending✰," Journal of Financial Intermediation, Elsevier, vol. 48(C).

  8. Buera,Francisco J. & Fattal Jaef,Roberto N., 2018. "The dynamics of development : innovation and reallocation," Policy Research Working Paper Series 8505, The World Bank.

    Cited by:

    1. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," Working Papers 17-06, New York University, Leonard N. Stern School of Business, Department of Economics.
    2. Joonkyu Choi, 2018. "Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications," 2018 Meeting Papers 1018, Society for Economic Dynamics.
    3. Jose-Maria Da-Rocha & Diego Restuccia & Marina M. Tavares, 2022. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," Working Papers tecipa-741, University of Toronto, Department of Economics.
    4. López-Martín Bernabé & Pérez-Reyna David, 2019. "Contracts, Firm Dynamics and Aggregate Productivity," Working Papers 2019-07, Banco de México.
    5. Sohail, Faisal, 2021. "From employee to entrepreneur: Learning, employer size, and spinout dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    6. Yanying Wang & Qingyang Wu, 2024. "Robots, firm relocation, and air pollution: unveiling the unintended spatial spillover effects of emerging technology," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    7. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.
    8. Todd Schoellman & Bart Hobijn, 2017. "Structural Transformation by Cohort," 2017 Meeting Papers 1417, Society for Economic Dynamics.
    9. Joel M. David & Venky Venkateswaran, 2016. "Frictional Investment and the Sources of Misallocation," Working Papers 16-13, New York University, Leonard N. Stern School of Business, Department of Economics.

  9. Francisco Buera & Joseph Kaboski & Marti Mestieri, 2018. "The Natural Rate of Structural Change," 2018 Meeting Papers 1279, Society for Economic Dynamics.

    Cited by:

    1. Francisco J. Buera & Joseph P. Kaboski & Martí Mestieri & Daniel G. O'Connor, 2020. "The Stable Transformation Path," Working Paper Series WP-2020-23, Federal Reserve Bank of Chicago.

  10. Francisco J. Buera & Juan Pablo Nicolini, 2017. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch: Online Appendix," Staff Report 541, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Joonkyu Choi, 2018. "Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications," 2018 Meeting Papers 1018, Society for Economic Dynamics.
    2. Shaker Akhtekhane, Saeed, 2020. "Impact of entry costs on aggregate productivity: financial development matters," MPRA Paper 115221, University Library of Munich, Germany.
    3. Ohdoi, Ryoji, 2017. "International Transmission of Financial Shocks without Financial Integration," MPRA Paper 83286, University Library of Munich, Germany.
    4. Ryoji Ohdoi & Kazuo Mino & Yunfang Hu, 2023. "A heterogeneous-firm model of trade and growth with country-specific credit constraints," Discussion Paper Series 256, School of Economics, Kwansei Gakuin University.
    5. Ryoji Ohdoi & Kazuo Mino & Yunfang Hu, 2023. "Credit constraints, firm selection, and endogenous growth: The international transmission of a credit crunch via trade," Discussion Paper Series 256-2, School of Economics, Kwansei Gakuin University, revised Apr 2025.
    6. Stefano Neri & Giuseppe Ferrero, 2017. "Monetary policy in a low interest rate environment," Questioni di Economia e Finanza (Occasional Papers) 392, Bank of Italy, Economic Research and International Relations Area.
    7. Francisco Buera & Juan Pablo Nicolini, 2019. "Accounting for the Slow Recovery from the Great Recession: The Role of Credit Constraints," 2019 Meeting Papers 492, Society for Economic Dynamics.

  11. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2016. "Taking Stock of the Evidence on Micro-Financial Interventions," NBER Working Papers 22674, National Bureau of Economic Research, Inc.

    Cited by:

    1. Shapiro, Jeremy, 2019. "The impact of recipient choice on aid effectiveness," World Development, Elsevier, vol. 116(C), pages 137-149.
    2. Agbloyor, Elikplimi & Asongu, Simplice & Muriu, Peter, 2021. "Sustainability, Growth and Impact of MFIs in Africa," MPRA Paper 111752, University Library of Munich, Germany.
    3. M. Niaz Asadullah & Antonio Savoia & Kunal Sen, 2020. "Will South Asia Achieve the Sustainable Development Goals by 2030? Learning from the MDGs Experience," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(1), pages 165-189, November.
    4. Salguero, Ricardo Alonzo Fernandez, 2025. "El Consenso de Washington una revisión narrativa de su evidencia, impactos y transformaciones," SocArXiv krshu_v1, Center for Open Science.
    5. Gu, Jiajia, 2021. "Financial intermediation and occupational choice," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).

  12. Francisco J. Buera & Ezra Oberfield, 2015. "The Global Diffusion of Ideas," Working Paper Series WP-2016-13, Federal Reserve Bank of Chicago.

    Cited by:

    1. Kumar, Sanjesh & Singh, Baljeet, 2019. "Barriers to the international diffusion of technological innovations," Economic Modelling, Elsevier, vol. 82(C), pages 74-86.
    2. Föllmi, Reto & Schetter, Ulrich & Torun, David, 2022. "Gravity with History: On the Aggregate Implications of Incumbency Effects in International Trade," VfS Annual Conference 2022 (Basel): Big Data in Economics 264136, Verein für Socialpolitik / German Economic Association.
    3. Cai, Sheng & Xiang, Wei, 2025. "Multinational production, technology diffusion, and economic growth," Journal of International Economics, Elsevier, vol. 157(C).
    4. Felipe Benguria & Felipe Saffie & Hidehiko Matsumoto, 2019. "Productivity and Trade Dynamics in Sudden Stops," 2019 Meeting Papers 1378, Society for Economic Dynamics.
    5. Biyik, Onur, 2022. "Double Counting in Mystery: Journey of Intermediate Products in Multi-Country Trade," Conference papers 333417, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Nelson Lind & Natalia Ramondo, 2018. "Trade with Correlation," NBER Working Papers 24380, National Bureau of Economic Research, Inc.
    7. Chen, Jingjing & Chen, Wei & Liu, Ernest & Luo, Jie & Song, Zheng, 2025. "The economic cost of locking down like China: Evidence from city-to-city truck flows," Journal of Urban Economics, Elsevier, vol. 145(C).
    8. Albrecht Glitz & Erik Meyersson, 2017. "Industrial Espionage and Productivity," CESifo Working Paper Series 6525, CESifo.
    9. Sahar Araghi & Alfons Palangkaraya & Elizabeth Webster, 2024. "The impact of language translation quality on commerce: The example of patents," Journal of International Business Policy, Palgrave Macmillan, vol. 7(2), pages 224-246, June.
    10. Diemer, Andreas & Regan, Tanner Weldon Dean, 2020. "No inventor is an island: social connectedness and the geography of knowledge flows in the US," LSE Research Online Documents on Economics 121852, London School of Economics and Political Science, LSE Library.
    11. Auboin, Marc & Koopman, Robert & Xu, Ankai, 2021. "Trade and innovation policies: Coexistence and spillovers," Journal of Policy Modeling, Elsevier, vol. 43(4), pages 844-872.
    12. Baum-Snow, Nathaniel & Henderson, J. Vernon & Turner, Matthew A. & Zhang, Qinghua & Brandt, Loren, 2020. "Does investment in national highways help or hurt hinterland city growth?," Journal of Urban Economics, Elsevier, vol. 115(C).
    13. Ito, Keiko & Ikeuchi, Kenta & Criscuolo, Chiara & Timmis, Jonathan & Bergeaud, Antonin, 2023. "Global value chains and domestic innovation," Research Policy, Elsevier, vol. 52(3).
    14. Gersbach, Hans & Schetter, Ulrich & Schmassmann, Samuel, 2023. "From local to global: A theory of public basic research in a globalized world," European Economic Review, Elsevier, vol. 160(C).
    15. Geng Huang & Xi Lin & Shuying Xu & Junyu Wang & Ling‐Yun He, 2025. "Trade policy uncertainty, export destination, and firm's pollution emissions: Analysis from theoretical perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(4), pages 2181-2189, June.
    16. Heitor Pellegrina & Sebastian Sotelo, 2019. "Migration, Specialization and Trade: Evidence from the Brazilian March to the West," 2019 Meeting Papers 863, Society for Economic Dynamics.
    17. Ndubuisi, Gideon & Mensah, Emmanuel B. & Avenyo, Elvis K. & Sakyi, Daniel, 2025. "Global value chains and the innovativeness of firms in Africa," Technovation, Elsevier, vol. 146(C).
    18. Métivier, Jeanne & Bacchetta, Marc & Bekkers, Eddy & Koopman, Robert, 2023. "International trade cooperation’s impact on the world economy," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 713-744.
    19. Jose Maria Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2014. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," Working Papers tecipa-523, University of Toronto, Department of Economics.
    20. Ufuk Akcigit & Sina T. Ates & Giammario Impullitti, 2018. "Innovation and Trade Policy in a Globalized World," NBER Working Papers 24543, National Bureau of Economic Research, Inc.
    21. Mateo Hoyos, 2025. "North–South Trade as a Source of Uneven Development: A Critical Literature Review on the Role of Absorptive Capacity," Journal of Industry, Competition and Trade, Springer, vol. 25(1), pages 1-21, December.
    22. Naito, Takumi, 2017. "Growth and welfare effects of unilateral trade liberalization with heterogeneous firms and asymmetric countries," Journal of International Economics, Elsevier, vol. 109(C), pages 167-173.
    23. Adrien Bilal & James H. Stock, 2025. "A Guide to Macroeconomics and Climate Change," NBER Working Papers 33567, National Bureau of Economic Research, Inc.
    24. Huang, Geng & Lin, Xi & He, Ling-Yun, 2025. "Export destinations and pollution reduction: Theory and evidence from Chinese enterprises," China Economic Review, Elsevier, vol. 92(C).
    25. Heng-Fu Zou, 2025. "Liberal Ideas and the Great Enrichment: A Theoretical Model," Annals of Economics and Finance, Society for AEF, vol. 26(1), pages 1-175, May.
    26. Gordon H. Hanson & Nelson Lind & Marc-Andreas Muendler, 2015. "The Dynamics of Comparative Advantage," CESifo Working Paper Series 5622, CESifo.
    27. P. Niluka S. P. Ekanayake & Jakob B. Madsen & Tushar Bharati, 2023. "Trade and economic growth: Does the sophistication of traded goods matter?," Journal of Economic Growth, Springer, vol. 28(4), pages 481-524, December.
    28. Cozzi, Guido, 2023. "Semi-endogenous or fully endogenous growth? A unified theory," Journal of Economic Theory, Elsevier, vol. 213(C).
    29. Sanjay Kumar SINGH & Vijay Lakshmi SINGH, 2023. "Internet diffusion in India: A study based on Growth Curve modelling," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 15(2), pages 29-42, June.
    30. Bacchetta, Marc & Bekkers, Eddy & Piermartini, Roberta & Rubinova, Stela & Stolzenburg, Victor & Xu, Ankai, 2021. "COVID-19 and global value chains: A discussion of arguments on value chain organization and the role of the WTO," WTO Staff Working Papers ERSD-2021-3, World Trade Organization (WTO), Economic Research and Statistics Division.
    31. Santiago Caicedo, 2019. "Note on Idea Diffusion Models with Cohort Structures," Economica, London School of Economics and Political Science, vol. 86(342), pages 396-408, April.
    32. Jackson, Emerson Abraham, 2020. "Fostering Sustainable Innovation through Creative Destruction Theory," MPRA Paper 102174, University Library of Munich, Germany, revised 21 Mar 2020.
    33. Yanqing Yang & Nan Zhang & Jinfeng Ge & Yan Xu, 2025. "Sino-US S and T Frictions and Transnational Knowledge Flows: Evidence from machine learning and cross-national patent data," Papers 2503.21822, arXiv.org.
    34. Alberto Bucci & Davide La Torre & Danilo Liuzzi & Simone Marsiglio, 2023. "A network‐based economic growth model with endogenous migration and poverty traps," Metroeconomica, Wiley Blackwell, vol. 74(4), pages 833-857, November.
    35. Jesse Perla & Christopher Tonetti, 2014. "Equilibrium Imitation and Growth," Journal of Political Economy, University of Chicago Press, vol. 122(1), pages 52-76.
    36. Ayerst, Stephen & Ibrahim, Faisal & MacKenzie, Gaelan & Rachapalli, Swapnika, 2023. "Trade and diffusion of embodied technology: an empirical analysis," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 128-145.
    37. Lind, Nelson & Ramondo, Natalia, 2024. "Global knowledge and trade flows: Theory and measurement," Journal of International Economics, Elsevier, vol. 151(C).
    38. David Marguerit, 2025. "Augmenting or Automating Labor? The Effect of AI Development on New Work, Employment, and Wages," Papers 2503.19159, arXiv.org.
    39. Onur Biyik, . "Exploring knowledge spillovers and GVC participation to understand double counting in GVCs: A case study of Japan," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    40. Li, Peiyuan & Wang, Dandan & Zafar, Quratulain & Waheed, Humayun, 2024. "Strategic resource management for economic sustainability: Assessing the impact of technological advancement and energy efficiency," Resources Policy, Elsevier, vol. 89(C).
    41. Jose Asturias & Kim Ruhl & Sewon Hur & Timothy Kehoe, 2018. "Firm Entry and Exit and Aggregate Growth," 2018 Meeting Papers 1139, Society for Economic Dynamics.
    42. Javier Mejia, 2018. "Social Interactions and Modern Economic Growth," Working Papers 20180021, New York University Abu Dhabi, Department of Social Science, revised Sep 2018.
    43. Pian Shu & Claudia Steinwender, 2018. "The Impact of Trade Liberalization on Firm Productivity and Innovation," NBER Chapters, in: Innovation Policy and the Economy, Volume 19, pages 39-68, National Bureau of Economic Research, Inc.
    44. Koike Yasutaka-Mori & Toshitaka Maruyama & Koki Okumura, 2024. "Inventor Mobility, Knowledge Diffusion, and Growth," ISER Discussion Paper 1244, Institute of Social and Economic Research, The University of Osaka.
    45. Liao, Zhong-Wei & Shao, Jinghai, 2024. "Stability and mean growth rate of stochastic Solow model driven by jump–diffusion process," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    46. Swati Dhingra & Hanwei Huang & Gianmarco I. P. Ottaviano & Joao Paulo Pessoa & Thomas Sampson & John Van Reenen, 2017. "The costs and benefits of leaving the EU: trade effects," CEP Discussion Papers dp1478, Centre for Economic Performance, LSE.
    47. Anja Sebbesen & Harald Oberhofer, 2024. "The propagation of business expectations within the European Union," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(6), pages 1082-1103, September.
    48. Fleisher, Belton M. & McGuire, William H. & Wang, Xiaojun & Zhao, Min Qiang, 2020. "Induced Innovation: Evidence from China's Secondary Industry," IZA Discussion Papers 13072, IZA Network @ LISER.
    49. Campos, Rodolfo G. & Estefania-Flores, Julia & Furceri, Davide & Timini, Jacopo, 2023. "Geopolitical fragmentation and trade," Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1289-1315.
    50. Foellmi, Reto & Hanslin Grossmann, Sandra & Kohler, Andreas, 2018. "A dynamic North-South model of demand-induced product cycles," Journal of International Economics, Elsevier, vol. 110(C), pages 63-86.
    51. Juan C. Córdoba & Anni T. Isojärvi & Haoran Li, 2025. "Declining Search Frictions, Unemployment, and Growth Revisited," Finance and Economics Discussion Series 2025-098, Board of Governors of the Federal Reserve System (U.S.).
    52. Ulrich Schetter & Maik T. Schneider & Adrian Jaeggi, 2024. "Inequality, Openness, and Growth through Creative Destruction," Graz Economics Papers 2024-16, University of Graz, Department of Economics.
    53. Ivan Etzo & Sumiko Takaoka, 2025. "Environmental Innovation and International Migration of Inventors," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 12193-12225, September.
    54. Hasan Alp Boz & Mohsen Bahrami & Selim Balcisoy & Burcin Bozkaya & Nina Mazar & Aaron Nichols & Alex Pentland, 2024. "Investigating neighborhood adaptability using mobility networks: a case study of the COVID-19 pandemic," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    55. Busch, Berthold & Matthes, Jürgen, 2016. "Ökonomische Konsequenzen eines Austritts aus der EU: Am Beispiel des Brexits," IW-Analysen, Institut der deutschen Wirtschaft (IW) / German Economic Institute, volume 112, number 112.
    56. Peter Egger & Reto Foellmi & Ulrich Schetter & David Torun, 2023. "Gravity with History: On Incumbency Effects in International Trade," CID Working Papers 153a, Center for International Development at Harvard University.
    57. Nelson Lind & Natalia Ramondo, 2018. "Innovation, Knowledge Diffusion, and Globalization," NBER Working Papers 25071, National Bureau of Economic Research, Inc.
    58. Adam Feher, 2024. "Guarding Expertise and Assets: Non-competition Agreements and Their Implications," IAAEU Discussion Papers 202404, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    59. Anderson, James E. & Larch, Mario & Yotov, Yoto V., 2019. "Trade and investment in the global economy: A multi-country dynamic analysis," European Economic Review, Elsevier, vol. 120(C).
    60. Ji Uk Kim, 2020. "Technology diffusion, absorptive capacity, and income convergence for Asian developing countries: a dynamic spatial panel approach," Empirical Economics, Springer, vol. 59(2), pages 569-598, August.
    61. Georg Duernecker & Moritz Meyer & Fernando Vega‐Redondo, 2022. "Trade openness and growth: A network‐based approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(6), pages 1182-1203, September.
    62. Francisco J. Buera & Ezra Oberfield, 2020. "The Global Diffusion of Ideas," Econometrica, Econometric Society, vol. 88(1), pages 83-114, January.
    63. Geng, Difei & Saggi, Kamal, 2022. "Tariff barriers and the protection of intellectual property in the global economy," European Economic Review, Elsevier, vol. 144(C).
    64. Nan Li & Jie Cai & Ana Maria Santacreu, 2017. "Knowledge Diffusion and Trade across Countries and Sectors," 2017 Meeting Papers 692, Society for Economic Dynamics.
    65. Eddy Bekkers & Erwin Corong & Jeanne Métivier & Daniil Orlov, 2024. "How will global trade patterns evolve in the long run?," The World Economy, Wiley Blackwell, vol. 47(8), pages 3578-3617, August.
    66. Davis, Colin & Hashimoto, Ken-ichi, 2022. "Productivity growth, industry location patterns and labor market frictions," Regional Science and Urban Economics, Elsevier, vol. 97(C).
    67. Nelson Lind & Natalia Ramondo, 2019. "Global Innovation and Knowledge Diffusion," 2019 Meeting Papers 1364, Society for Economic Dynamics.
    68. Vladimir Hlasny, 2021. "Parametric representation of the top of income distributions: Options, historical evidence, and model selection," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1217-1256, September.
    69. Beata Javorcik & Mariana Spatareanu, 2021. "Can Industrial Policy Buy Ideas? Investment Promotion and Innovation," Working Papers Rutgers University, Newark 2021-002, Department of Economics, Rutgers University, Newark.
    70. Carlos G'oes, 2024. "Trade, Growth, and Product Innovation," Papers 2406.08727, arXiv.org.
    71. Jie Cai & Nan Li & Ana Maria Santacreu, 2017. "Knowledge Diffusion, Trade and Innovation across Countries and Sectors," Working Papers 2017-029, Federal Reserve Bank of St. Louis, revised 28 Feb 2020.
    72. Métivier, Jeanne & Bacchetta, Marc & Bekkers, Eddy & Koopman, Robert Bernard, 2023. "International trade cooperation's impact on the world economy," WTO Staff Working Papers ERSD-2023-02, World Trade Organization (WTO), Economic Research and Statistics Division.
    73. Gregor Jarosch & Ezra Oberfield & Esteban Rossi-Hansberg, 2019. "Learning from Coworkers," NBER Working Papers 25418, National Bureau of Economic Research, Inc.
    74. Bai, Yan & Jin, Keyu & Lu, Dan & Wang, Hanxi, 2025. "Optimal trade policy with international technology diffusion," Journal of International Economics, Elsevier, vol. 153(C).
    75. Artuc, Erhan & Bastos, Paulo & Rijkers, Bob, 2023. "Robots, tasks, and trade," Journal of International Economics, Elsevier, vol. 145(C).
    76. Gao, Yijin, 2020. "Knowledge Diffusion and economic Growth based on Fourier’s law," Research in Economics, Elsevier, vol. 74(2), pages 174-185.
    77. Ma, Xiao & Nakab, Alejandro & Zhang, Yiran, 2023. "Skill Acquisition and the Gains from Trade: A Cross-country Quantitative Analysis," MPRA Paper 117808, University Library of Munich, Germany.
    78. Fieler, Ana Cecília & Harrison, Ann E., 2023. "Escaping import competition in China," Journal of International Economics, Elsevier, vol. 145(C).
    79. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920.
    80. Damián Migueles Chazarreta & Ignat Stepanok, 2025. "Intellectual property rights protection and the dynamic gains from trade," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 79(2), pages 445-495, March.
    81. Cotterlaz, Pierre & Guillouzouic, Arthur, 2025. "The Percolation of Knowledge across Space," Journal of International Economics, Elsevier, vol. 153(C).
    82. Nicholas Bloom & Marcela Carvalho & Tarek A. Hassan & Aakash Kalyani & Joshua Lerner & Ahmed Tahoun, 2024. "The Diffusion of New Technologies," Working Papers 2024-009, Federal Reserve Bank of St. Louis.
    83. Bekkers, Eddy & Corong, Erwin L. & Métivier, Jeanne & Orlov, Daniil, 2023. "How will global trade patterns evolve in the long run?," WTO Staff Working Papers ERSD-2023-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    84. Ourens, Guzmán, 2016. "Trade and growth with heterogeneous firms revisited," Journal of International Economics, Elsevier, vol. 100(C), pages 194-202.
    85. Michael Peters & Conor Walsh, 2019. "Declining Dynamism, Increasing Markups and Missing Growth: The Role of the Labor Force," 2019 Meeting Papers 658, Society for Economic Dynamics.
    86. Tommaso Porzio, 2016. "Distance to the Technology Frontier and the Allocation of Talent," 2016 Meeting Papers 569, Society for Economic Dynamics.

  13. Richard Rogerson & Joseph Kaboski & Francisco Buera, 2015. "Skill-Biased Structural Change and the Skill Premium," 2015 Meeting Papers 895, Society for Economic Dynamics.

    Cited by:

    1. Paul, Saumik, 2019. "A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs: An Application of the Morishima Elasticity of Substitution," IZA Discussion Papers 12219, IZA Network @ LISER.
    2. Jung, Yeonha, 2020. "The long reach of cotton in the US South: Tenant farming, mechanization, and low-skill manufacturing," Journal of Development Economics, Elsevier, vol. 143(C).
    3. Matsuyama, Kiminori, 2017. "Engel's Law in the Global Economy: Demand-induced Patterns of Structural Change, Innovation, and Trade," CEPR Discussion Papers 12387, C.E.P.R. Discussion Papers.
    4. Caunedo, Julieta & Keller, Elisa, 2022. "Technical change and the demand for talent," Journal of Monetary Economics, Elsevier, vol. 129(C), pages 65-88.
    5. Echeverri-Carroll, Elsie L. & Oden, Michael D. & Gibson, David V. & Johnston, Evan A., 2018. "Unintended consequences on gender diversity of high-tech growth and labor market polarization," Research Policy, Elsevier, vol. 47(1), pages 209-217.
    6. David Baqaee & Ariel Burstein, 2021. "Welfare and Output with Income Effects and Taste Shocks," NBER Working Papers 28754, National Bureau of Economic Research, Inc.
    7. Alexander Monge-Naranjo & Pedro Cavalcanti Ferreira & Luciene Torres de Mello Pereira, 2018. "Of Cities and Slums," Working Papers 2018-005, Human Capital and Economic Opportunity Working Group.
    8. Paula Bustos & Juan Manuel Castro-Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Industrialization without Innovation," NBER Working Papers 25871, National Bureau of Economic Research, Inc.
    9. Saumik Paul, 2018. "Capital Skill Substitutability and the Labor Income Share: Identification Using the Morishima Elasticity of Subtitution," Working Papers id:12818, eSocialSciences.
    10. Kopytov, Alexandr & Roussanov, Nikolai & Taschereau-Dumouchel, Mathieu, 2018. "Short-run pain, long-run gain? Recessions and technological transformation," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 29-44.
    11. Jean-Philippe Deranty & Thomas Corbin, 2022. "Artificial Intelligence and work: a critical review of recent research from the social sciences," Papers 2204.00419, arXiv.org.
    12. Andr√©s √Ålvarez & Camilo GÔøΩmez & Hernando Zuleta, 2019. "Bequests, Imperfections in Factor Markets, and Long-Run Inequality: A Theoretical Assessment of Piketty," Documentos CEDE 17674, Universidad de los Andes, Facultad de Economía, CEDE.
    13. Garnett Picot & Feng Hou, 2024. "Immigration and the shifting occupational distribution in Canada, 2001 to 2021," Economic and Social Reports 202400300006e, Statistics Canada, Analytical Studies and Modelling Branch.
    14. Wolfgang Britz & Roberto Roson, 2018. "Exploring Long Run Structural Change with a Dynamic General Equilibrium Model," Working Papers 2018: 12, Department of Economics, University of Venice "Ca' Foscari".
    15. Slavik, Ctirad & Yazici, Hakki, 2015. "Determinants of Wage and Earnings Inequality in the United States," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113021, Verein für Socialpolitik / German Economic Association.
    16. Roberto Roson & Dominique van der Mensbrugghe, 2017. "Assessing Long Run Structural Change in Multi-Sector General Equilibrium Models," EcoMod2017 10257, EcoMod.
    17. Yoko Oishi & Saumik Paul, 2018. "Sectoral Labor Income Share Dynamics: Cross – Country Evidence from a Novel Dataset," Working Papers id:12930, eSocialSciences.
    18. Gallipoli, Giovanni & Makridis, Christos A., 2018. "Structural transformation and the rise of information technology," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 91-110.
    19. Robert Plant & Manuel S. Santos & Tarek Sayed, 2017. "Computerization, Composition of Employment, and Structure of Wages," Working Papers 2017-09, University of Miami, Department of Economics.
    20. Gillman, Max, 2021. "Steps in industrial development through human capital deepening," Economic Modelling, Elsevier, vol. 99(C).
    21. Caunedo, Julieta & Keller, Elisa & Jaume, David, 2021. "Occupational Exposure to Capital-Embodied Technical Change," CEPR Discussion Papers 15759, C.E.P.R. Discussion Papers.
    22. Matthess, Marcel & Kunkel, Stefanie, 2020. "Structural change and digitalization in developing countries: Conceptually linking the two transformations," Technology in Society, Elsevier, vol. 63(C).
    23. Bolhuis, Marijn, 2019. "Catch-Up Growth and Inter-Industry Productivity Spillovers," MPRA Paper 94730, University Library of Munich, Germany.
    24. Jung, Sungmoon & Lee, Jeong-Dong & Hwang, Won-Sik & Yeo, Yeongjun, 2017. "Growth versus equity: A CGE analysis for effects of factor-biased technical progress on economic growth and employment," Economic Modelling, Elsevier, vol. 60(C), pages 424-438.
    25. Ioro, Daniela; Santaeulalia-Llopis, Raül, 2016. "Education, HIV Status and Risky Sexual Behavior: How Much Does the Stage of the HIV Epidemic Matter ?," Economics Working Papers ECO2016/09, European University Institute.
    26. Lee, Eunhee, 2020. "Trade, inequality, and the endogenous sorting ofheterogeneous workers," Journal of International Economics, Elsevier, vol. 125(C).
    27. Roberto Roson, 2017. "Understanding the Global Dynamics of Sectoral Labor Productivity," Working Papers 2017:15, Department of Economics, University of Venice "Ca' Foscari".
    28. Ctirad Slavík & Hakki Yazici, 2020. "Wage Risk and the Skill Premium," CESifo Working Paper Series 8520, CESifo.

  14. Roberto Fattal Jaef & Francisco Buera, 2015. "The Dynamics of Development: Entrepreneurship, Innovation, and Reallocation," 2015 Meeting Papers 274, Society for Economic Dynamics.

    Cited by:

    1. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    2. Ariel Burstein & Andrew Atkeson, 2015. "Aggregate implications of innovation policy," 2015 Meeting Papers 640, Society for Economic Dynamics.
    3. Faisal Sohail, 2018. "Employer Size and Spinout Dynamics," 2018 Meeting Papers 274, Society for Economic Dynamics.
    4. Poschke, Markus, 2019. "Wage Employment, Unemployment and Self-Employment across Countries," IZA Discussion Papers 12367, IZA Network @ LISER.

  15. Francisco J. Buera & Joseph P. Kaboski & Richard Rogerson, 2015. "Skill Biased Structural Change," NBER Working Papers 21165, National Bureau of Economic Research, Inc.

    Cited by:

    1. Marwil J. Dávila-Fernández, 2019. "Manufacture Content and Financialisation: An Empirical Assessment," Department of Economics University of Siena 811, Department of Economics, University of Siena.
    2. Paul, Saumik, 2019. "A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs: An Application of the Morishima Elasticity of Substitution," IZA Discussion Papers 12219, IZA Network @ LISER.
    3. Jing, Chunxiao & Foltz, Jeremy D., 2024. "Can the Service Sector Lead Structural Transformation in Africa? Evidence from Côte d'Ivoire," 2024 Annual Meeting, July 28-30, New Orleans, LA 343566, Agricultural and Applied Economics Association.
    4. Hideyuki Mizobuchi, 2015. "Multiple Directions for Measuring Biased Technical Change," CEPA Working Papers Series WP092015, School of Economics, University of Queensland, Australia.
    5. Paula Bustos & Juan Manuel Castro Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Structural Transformation, Industrial Specialization, and Endogenous Growth," Working Papers wp2019_1906, CEMFI.
    6. Danilo Carullo & Paolo Di Caro & Ugo Fratesi, 2025. "The role of employment, labour productivity and trade linkages in the evolution of European regional disparities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(1), pages 1-30, March.
    7. Ngai, L. Rachel & Sevinc, Orhun, 2025. "A multisector perspective on wage stagnation," LSE Research Online Documents on Economics 126579, London School of Economics and Political Science, LSE Library.
    8. Juan Carlos Lopez & Tadashi Morita, 2024. "Public good provision and progressive income taxation in a spatial economy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(3), pages 979-1003, October.
    9. Jung, Yeonha, 2020. "The long reach of cotton in the US South: Tenant farming, mechanization, and low-skill manufacturing," Journal of Development Economics, Elsevier, vol. 143(C).
    10. Matsuyama, Kiminori, 2017. "Engel's Law in the Global Economy: Demand-induced Patterns of Structural Change, Innovation, and Trade," CEPR Discussion Papers 12387, C.E.P.R. Discussion Papers.
    11. Zsofia Barany & Christian Siegel, 2018. "Biased Technological Change and Employment Reallocation," Working Papers hal-03567377, HAL.
    12. Meir Russ, 2017. "The Trifurcation of the Labor Markets in the Networked, Knowledge-Driven, Global Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 672-703, June.
    13. Bruno Martorano & Donghyun Park & Marco Sanfilippo, 2017. "Catching-up, structural transformation, and inequality: industry-level evidence from Asia," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 555-570.
    14. Sen, Ali, 2020. "Structural change within the services sector, Baumol's cost disease, and cross-country productivity differences," MPRA Paper 99614, University Library of Munich, Germany.
    15. Diego Comin & Ana Danieli & Martí Mestieri, 2020. "Income-Driven Labor-Market Polarization," Working Papers 2020-050, Human Capital and Economic Opportunity Working Group.
    16. Comin, Diego & Lashkari, Danial & Mestieri, Martí, 2017. "Structural Change with Long-run Income and Price Effects," CEPR Discussion Papers 12458, C.E.P.R. Discussion Papers.
    17. Porzio, Tommaso & Santangelo, Gabriella, 2017. "Human Capital and Structural Change," University of California at San Diego, Economics Working Paper Series qt1ws4x2fg, Department of Economics, UC San Diego.
    18. Caunedo, Julieta & Keller, Elisa, 2022. "Technical change and the demand for talent," Journal of Monetary Economics, Elsevier, vol. 129(C), pages 65-88.
    19. Cerina, Fabio & Moro, Alessio & Petersen Rendall, Michelle, 2017. "The role of gender in employment polarization," LSE Research Online Documents on Economics 86170, London School of Economics and Political Science, LSE Library.
    20. Barany, Zsofia & Siegel, Christian, 2018. "Disentangling Occupation- and Sector-specific Technological Change," CEPR Discussion Papers 12663, C.E.P.R. Discussion Papers.
    21. Ulrich Schetter & Dario Diodato & Eric S. M. Protzer & Frank Neffke & Ricardo Hausmann, 2024. "From Products to Capabilities: Constructing A Genotypic Product Space," Growth Lab Working Papers 230, Harvard's Growth Lab.
    22. Ying Feng & David Lagakos & James E. Rauch, 2018. "Unemployment and Development," Working Papers 2018-083, Human Capital and Economic Opportunity Working Group.
    23. Paul Gaggl & Aspen Gorry & Christian vom Lehn, 2023. "Structural Change in Production Networks and Economic Growth," CESifo Working Paper Series 10460, CESifo.
    24. David Baqaee & Ariel Burstein, 2021. "Welfare and Output with Income Effects and Taste Shocks," NBER Working Papers 28754, National Bureau of Economic Research, Inc.
    25. Adugna, Hailu, 2024. "Fintech dividend: How would digital financial services impact income inequality across countries?," Technology in Society, Elsevier, vol. 77(C).
    26. Max Sina Knicker & Karl Naumann-Woleske & Michael Benzaquen, 2024. "The Structure of Occupational Mobility in France," Papers 2407.14179, arXiv.org, revised Nov 2024.
    27. Alexander Monge-Naranjo & Pedro Cavalcanti Ferreira & Luciene Torres de Mello Pereira, 2018. "Of Cities and Slums," Working Papers 2018-005, Human Capital and Economic Opportunity Working Group.
    28. Paula Bustos & Juan Manuel Castro-Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Industrialization without Innovation," NBER Working Papers 25871, National Bureau of Economic Research, Inc.
    29. Saumik Paul, 2018. "Capital Skill Substitutability and the Labor Income Share: Identification Using the Morishima Elasticity of Subtitution," Working Papers id:12818, eSocialSciences.
    30. Tomasz Swiecki, 2017. "Determinants of Structural Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 95-131, March.
    31. Andreas Chai, 2018. "Household consumption patterns and the sectoral composition of growing economies: A review of the interlinkages," Discussion Papers in Economics economics:201802, Griffith University, Department of Accounting, Finance and Economics.
    32. Animashaun, Jubril & Emediegwu, Lotanna E., 2025. "Is there a subnational resource curse? Evidence from households in the Niger Delta region of Nigeria," Resources Policy, Elsevier, vol. 101(C).
    33. Akos Valentinyi & Georg Duernecker, 2017. "Unbalanced Growth Slowdown," 2017 Meeting Papers 822, Society for Economic Dynamics.
    34. Nir Jaimovich & Sergio Rebelo & Arlene Wong & Miao Ben Zhang, 2019. "Trading Up and the Skill Premium," NBER Working Papers 25931, National Bureau of Economic Research, Inc.
    35. Yongseok Shin & Tim Lee, 2016. "Managing a Polarized Structural Change," 2016 Meeting Papers 1464, Society for Economic Dynamics.
    36. Garnett Picot & Tahsin Mehdi, 2024. "The provision of higher- and lower-skilled immigrant labour to the Canadian economy," Economic and Social Reports 202400900005e, Statistics Canada, Analytical Studies and Modelling Branch.
    37. Kopytov, Alexandr & Roussanov, Nikolai & Taschereau-Dumouchel, Mathieu, 2018. "Short-run pain, long-run gain? Recessions and technological transformation," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 29-44.
    38. Jean-Philippe Deranty & Thomas Corbin, 2022. "Artificial Intelligence and work: a critical review of recent research from the social sciences," Papers 2204.00419, arXiv.org.
    39. Sang Yoon (Tim) Lee & Yongseok Shin, 2019. "Horizontal and Vertical Polarization: Task-Specific Technological Change in a Multi-Sector Economy," Working Papers 888, Queen Mary University of London, School of Economics and Finance.
    40. Amarante, Verónica & Lanzilotta, Bibiana & Torres-Pérez, Joaquín, 2024. "Income inequality and complexity of the productive structure: New evidence at the world level," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 628-645.
    41. Chen, Chaoran, 2020. "Capital-skill complementarity, sectoral labor productivity, and structural transformation," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
    42. Sargent, Kristina, 2023. "The labor market impacts of Brexit: Migration and the European union," Economic Modelling, Elsevier, vol. 121(C).
    43. Campos-González, Jorge & Balcombe, Kelvin, 2024. "The race between education and technology in Chile and its impact on the skill premium," Economic Modelling, Elsevier, vol. 131(C).
    44. Liu, Laihui & An, Suxia, 2023. "Deindustrialization and the incidence of poverty: Empirical evidence from developing countries," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    45. Wang, Shuo & Wang, Yuzhang & Li, Chengyou, 2024. "AI-driven capital-skill complementarity: Implications for skill premiums and labor mobility," Finance Research Letters, Elsevier, vol. 68(C).
    46. Ali Sen, 2024. "Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters," Working Papers 048, The Productivity Institute.
    47. Kevin Genna & Christian Ghiglino & Kazuo Nishimura & Alain Venditti, 2021. "Knowledge-Based Structural Change," Working Papers halshs-03164854, HAL.
    48. Gunes Asik & Ulas Karakoc & Mohamed Ali Marouani & Michelle Marshalian, 2019. "Productivity, structural change and skills dynamics: Evidence from a half century analysis in Tunisia and Turkey," Working Papers DT/2019/06, DIAL (Développement, Institutions et Mondialisation).
    49. Andr√©s √Ålvarez & Camilo GÔøΩmez & Hernando Zuleta, 2019. "Bequests, Imperfections in Factor Markets, and Long-Run Inequality: A Theoretical Assessment of Piketty," Documentos CEDE 17674, Universidad de los Andes, Facultad de Economía, CEDE.
    50. Garnett Picot & Feng Hou, 2024. "Immigration and the shifting occupational distribution in Canada, 2001 to 2021," Economic and Social Reports 202400300006e, Statistics Canada, Analytical Studies and Modelling Branch.
    51. Zsófia L. Bárány & Christian Siegel, 2019. "Engines of Sectoral Labor Productivity Growth," Studies in Economics 1901, School of Economics, University of Kent.
    52. Wolfgang Britz & Roberto Roson, 2018. "Exploring Long Run Structural Change with a Dynamic General Equilibrium Model," Working Papers 2018: 12, Department of Economics, University of Venice "Ca' Foscari".
    53. Cynthia Armas & Fernando Sánchez-Losada, 2021. "Structural change and the income of nations," UB School of Economics Working Papers 2021/412, University of Barcelona School of Economics.
    54. Slavik, Ctirad & Yazici, Hakki, 2015. "Determinants of Wage and Earnings Inequality in the United States," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113021, Verein für Socialpolitik / German Economic Association.
    55. Roberto Roson & Dominique van der Mensbrugghe, 2017. "Assessing Long Run Structural Change in Multi-Sector General Equilibrium Models," EcoMod2017 10257, EcoMod.
    56. Paul Romer & Roberto Samaniego & Remi Jedwab & Asif M. Islam, 2025. "Scars of pandemics from lost schooling and experience: aggregate implications and gender differences through the lens of COVID-19," Journal of Economic Growth, Springer, vol. 30(1), pages 1-47, March.
    57. Kirill Borusyak & Xavier Jaravel, 2018. "The Distributional Effects of Trade: Theory and Evidence from the United States," 2018 Meeting Papers 284, Society for Economic Dynamics.
    58. Yoko Oishi & Saumik Paul, 2018. "Sectoral Labor Income Share Dynamics: Cross – Country Evidence from a Novel Dataset," Working Papers id:12930, eSocialSciences.
    59. Jung, Yeonha, 2018. "The Legacy of King Cotton: Agricultural Patterns and the Quality of Structural Change," SocArXiv trjfz, Center for Open Science.
    60. Gunes Arkadas Asik & Mohamed Ali Marouani & Michelle Marshalian & Ulas Karakoc, 2018. "Productivity, Structural Change and Skills Dynamics in Tunisia and Turkey," Working Papers 1269, Economic Research Forum, revised 10 Dec 2018.
    61. Gallipoli, Giovanni & Makridis, Christos A., 2018. "Structural transformation and the rise of information technology," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 91-110.
    62. Ziyao Huang & Fang Yang, 2024. "Macroeconomic Impacts of College Expansion on Structural Transformation and Energy Economy in China: A Heterogeneous Agent General Equilibrium Approach," Mathematics, MDPI, vol. 12(15), pages 1-31, July.
    63. Robert Plant & Manuel S. Santos & Tarek Sayed, 2017. "Computerization, Composition of Employment, and Structure of Wages," Working Papers 2017-09, University of Miami, Department of Economics.
    64. Alastair Langtry, 2025. "More connection, less community: network formation and local public goods provision," Papers 2504.06872, arXiv.org.
    65. Gillman, Max, 2021. "Steps in industrial development through human capital deepening," Economic Modelling, Elsevier, vol. 99(C).
    66. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, IZA Network @ LISER.
    67. Caunedo, Julieta & Keller, Elisa & Jaume, David, 2021. "Occupational Exposure to Capital-Embodied Technical Change," CEPR Discussion Papers 15759, C.E.P.R. Discussion Papers.
    68. Jonathan Vogel, 2019. "Comment on "Trading Up and the Skill Premium"," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 331-336, National Bureau of Economic Research, Inc.
    69. Cheng, Can & Luo, Jiayu & Zhu, Chun & Zhang, Shangfeng, 2024. "Artificial intelligence and the skill premium: A numerical analysis of theoretical models," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    70. Oni, Mehedi Hasan, 2023. "Progressive income taxation and consumption baskets of rich and poor," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    71. Matthess, Marcel & Kunkel, Stefanie, 2020. "Structural change and digitalization in developing countries: Conceptually linking the two transformations," Technology in Society, Elsevier, vol. 63(C).
    72. Max Sina Knicker & Karl Naumann-Woleske & Michael Benzaquen, 2025. "The structure of occupational mobility in France," Post-Print hal-05273336, HAL.
    73. Bolhuis, Marijn, 2019. "Catch-Up Growth and Inter-Industry Productivity Spillovers," MPRA Paper 94730, University Library of Munich, Germany.
    74. Georg Duernecker & Berthold Herrendorf, 2021. "Structural Transformation of Occupation Employment," CESifo Working Paper Series 9321, CESifo.
    75. Jung, Sungmoon & Lee, Jeong-Dong & Hwang, Won-Sik & Yeo, Yeongjun, 2017. "Growth versus equity: A CGE analysis for effects of factor-biased technical progress on economic growth and employment," Economic Modelling, Elsevier, vol. 60(C), pages 424-438.
    76. Ioro, Daniela; Santaeulalia-Llopis, Raül, 2016. "Education, HIV Status and Risky Sexual Behavior: How Much Does the Stage of the HIV Epidemic Matter ?," Economics Working Papers ECO2016/09, European University Institute.
    77. Lee, Eunhee, 2020. "Trade, inequality, and the endogenous sorting ofheterogeneous workers," Journal of International Economics, Elsevier, vol. 125(C).
    78. Roberto Roson, 2017. "Understanding the Global Dynamics of Sectoral Labor Productivity," Working Papers 2017:15, Department of Economics, University of Venice "Ca' Foscari".
    79. Ctirad Slavík & Hakki Yazici, 2020. "Wage Risk and the Skill Premium," CESifo Working Paper Series 8520, CESifo.

  16. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2016. "Trade, Finance and Endogenous Firm Heterogeneity," CESifo Working Paper Series 5835, CESifo.
    2. Bento, Pedro & Restuccia, Diego, 2021. "On average establishment size across sectors and countries," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 220-242.
    3. Ngoc‐Sang Pham & Hien Pham, 2021. "Effects of credit limit on efficiency and welfare in a simple general equilibrium model," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(4), pages 446-470, December.
    4. Pedro Gomes & Zoe Kuehn, 2017. "Human capital and the size distribution of firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 164-179, October.
    5. Tang, John P. & Basco, Sergi, 2023. "Banks, credit supply, and the life cycle of firms: Evidence from late nineteenth century Japan," Journal of Banking & Finance, Elsevier, vol. 154(C).
    6. Jeremy Greenwood & Pengfei Han & Juan M. Sánchez, 2022. "Financing Ventures," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(3), pages 1021-1053, August.
    7. Sampreet Singh Goraya, 2019. "How does Caste Affect Entrepreneurship? Birth vs Worth," Working Papers 1104, Barcelona School of Economics.
    8. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benito & Josep Pijoan-Mas, 2022. "Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications," Working Papers wp2022_2203, CEMFI.
    9. Abdin, Joynal & Sharma, Abhijit & Trivedi, Rohit & Wang, Chengang, 2024. "Financing constraints, intellectual property rights protection and incremental innovation: Evidence from transition economy firms," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    10. Yang Ming & Heng-fu Zou, 2024. "The Spirit of Capitalism, Entrepreneurship, and Talent Allocation," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 1-29, May.
    11. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    12. Rossi,Federico & Michael Weber, 2024. "The Accumulation and Utilization of Human Capital over the Development Spectrum," Policy Research Working Paper Series 10891, The World Bank.
    13. Liu, Fan, 2018. "Macroeconomic effects of microsavings programs for the unbanked," Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 75-99.
    14. Maurice Bun & Theoplasti Kolaiti & Tolga Özden, 2023. "Misallocation and Productivity Growth: a Meta-analysis," Working Papers 774, DNB.
    15. Nguyen Quoc Hung, 2020. "Financial deepening in a two-sector endogenous growth model with productivity heterogeneity," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-19, January.
    16. Babasyan, Davit & Gu, Yunfan & Melecky, Martin, 2023. "Late banking transitions: Comparing Uzbekistan to earlier reformers," World Development Perspectives, Elsevier, vol. 30(C).
    17. Miguel Acosta-Henao & Maria Alejandra Amado & Montserrat Martí & David Perez-Reyna, 2025. "Heterogeneous UIPDs Across Firms: Spillovers from U.S. Monetary Policy Shocks," Working Papers Central Bank of Chile 1043, Central Bank of Chile.
    18. Ayse Imrohoroglu & Cagri S. Kumru & Arm Nakornthab, 2018. "Revisiting Tax on Top Income," ANU Working Papers in Economics and Econometrics 2018-660, Australian National University, College of Business and Economics, School of Economics.
    19. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Working Papers tecipa-581, University of Toronto, Department of Economics.
    20. Grechyna, Daryna, 2018. "Firm size, bank size, and financial development," Journal of Economic Dynamics and Control, Elsevier, vol. 97(C), pages 19-37.
    21. Yuri Barreto & Diogo G.C. Britto & Bladimir Carrillo & Daniel Da Mata & Lucas Emanuel & Breno Sampaio, 2025. "Cisterns for life: climate adaptation policies for water provision and rural lives," WIDER Working Paper Series wp-2025-97, World Institute for Development Economic Research (UNU-WIDER).
    22. Priit Jeenas & Josep Pijoan-Mas & Enrique Moral-Benito & Manuel García-Santana & Julian di Giovanni, 2022. "Buy Big or Buy Small? Procurement Policies, Firms' Financing, and the Macroeconomy," Working Papers 1321, Barcelona School of Economics.
    23. Feng, Ying & Ren, Jie, 2023. "Skill bias, financial frictions, and selection into entrepreneurship," Journal of Development Economics, Elsevier, vol. 162(C).
    24. Ma, Jiantao & Sarker, Anindo & Unel, Bulent, 2025. "Does credit expansion encourage small businesses to incorporate? Evidence from US bank deregulations," Journal of Economic Behavior & Organization, Elsevier, vol. 230(C).
    25. M.A. Boermans & Daan Willebrands, 2018. "Financial constraints matter: Empirical evidence on borrowing behavior, microfinance and firm productivity," Working Papers 18-02, Utrecht School of Economics.
    26. Allub, Lian & Erosa, Andrés, 2019. "Financial frictions, occupational choice and economic inequality," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 63-76.
    27. Iza, Amaia & Ostolozaga, Ibai, 2025. "Borrowing constraints, financial frictions, misallocation and GDP per worker," Journal of Macroeconomics, Elsevier, vol. 83(C).
    28. Stohler, Fabio & Bayer, Christian, 2025. "Can Public Debt Crowd in Private Investment?," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325410, Verein für Socialpolitik / German Economic Association.
    29. Lian Allub & Pedro Gomes & Zoë Kuehn, 2024. "Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications," The Economic Journal, Royal Economic Society, vol. 134(659), pages 934-958.
    30. Bensoussan, Alain & Chevalier-Roignant, Benoit & Nguyen, Nam & Rivera, Alejandro, 2024. "Financing green entrepreneurs under limited commitment," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    31. Ayse Imrohoroglu & Cagri Kumru & Jiu Lian & Arm Nakornthab, 2023. "Revisiting Taxes on High Incomes," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 1159-1184, December.
    32. N’Guessan, Marie Noëlle & Hartarska, Valentina, 2021. "Funding for BOP in Emerging Markets: Organizational Forms and Capital Structures of Microfinance Institutions," Research in International Business and Finance, Elsevier, vol. 58(C).
    33. Nguyen, Quoc Hung, 2018. "Optimal Growth Policies in a Two-Sector Model with Financial Market Imperfections," MPRA Paper 88952, University Library of Munich, Germany.
    34. Unel, Bulent, 2018. "Offshoring and unemployment in a credit-constrained economy," Journal of International Economics, Elsevier, vol. 111(C), pages 21-33.
    35. Pham, Ngoc-Sang, 2023. "Some Lectures on Macroeconomics," MPRA Paper 119643, University Library of Munich, Germany.
    36. Gu, Jiajia, 2021. "Financial intermediation and occupational choice," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    37. Jones, C.I., 2016. "The Facts of Economic Growth," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 3-69, Elsevier.
    38. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    39. Pham, Ngoc-Sang, 2025. "(Non-Monotonic) Effects of Productivity and Credit Constraints on Equilibrium Aggregate Production in General Equilibrium Models with Heterogeneous Producers," MPRA Paper 123394, University Library of Munich, Germany.
    40. Diego Restuccia, 2018. "Misallocation and Aggregate Productivity across Time and Space," Working Papers tecipa-596, University of Toronto, Department of Economics.
    41. David Kohn & Fernando Leibovici & Michal Szkup, 2021. "Financial Frictions and International Trade," Working Papers 2021-009, Federal Reserve Bank of St. Louis.
    42. Bossavie, Laurent & Görlach, Joseph-Simon & Özden, Çaglar & Wang, He, 2025. "Temporary migration for long-term investment," Journal of Development Economics, Elsevier, vol. 174(C).
    43. Wang, Shengbin & Zheng, Jiafeng & Tu, Yongqian, 2023. "The Communist Party of China embedded in corporate governance and enterprise value: Evidence from state-owned enterprises," Finance Research Letters, Elsevier, vol. 54(C).
    44. Schulte, Markus & Winkler, Adalbert, 2019. "Drivers of solvency risk – Are microfinance institutions different?," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 403-426.
    45. Francesca de Nicola, 2022. "Resource Misallocation and Distortions," World Bank Publications - Reports 38264, The World Bank Group.
    46. Nguimkeu, Pierre, 2024. "Credit constraints and delayed entrepreneurship," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 156-180.
    47. Galina Vereshchagina, 2023. "Financial constraints and economic development: the role of firm productivity investment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 322-342, December.
    48. Fonseca, Julia & Matray, Adrien, 2024. "Financial inclusion, economic development, and inequality: Evidence from Brazil," Journal of Financial Economics, Elsevier, vol. 156(C).
    49. Moser, Christian, 2015. "Firms as Drivers of Growth and (In-)Equality," MPRA Paper 95387, University Library of Munich, Germany.
    50. Basco, Sergi & Felice, Giulia & Merlevede, Bruno & Mestieri, Martí, 2024. "Financial crises and the global supply network: Evidence from multinational enterprises," Journal of International Economics, Elsevier, vol. 152(C).
    51. Cipollone, Angela & Giordani, Paolo E., 2019. "Market frictions in entrepreneurial innovation: Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 297-331.
    52. Kazuo Mino, 2016. "Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity," The Japanese Economic Review, Japanese Economic Association, vol. 67(1), pages 3-30, March.
    53. Phoebe Tian, 2024. "The Role of Long-Term Contracting in Business Lending," Staff Working Papers 24-2, Bank of Canada.
    54. Sergi Basco & John P. Tang, 2021. "Banks, Credit Supply, and the Life Cycle of Firms: Theory and Evidence from Late Nineteenth Century Japan," CEH Discussion Papers 02, Centre for Economic History, Research School of Economics, Australian National University.
    55. Bandiera, Oriana & Burgess, Robin & Deserranno, Erika & Morel, Ricardo & Rasul, Imran & Sulaiman, Munshi & Thiemel, Jack, 2022. "Microfinance and diversification," LSE Research Online Documents on Economics 123921, London School of Economics and Political Science, LSE Library.
      • Bandiera, Oriana & Burgess, Robin & Deserranno, Erika & Morel, Ricardo & Rasul, Imran & Sulaiman, Munshi & Thiemel, Jack, 2022. "Microfinance and Diversification," CEPR Discussion Papers 17081, C.E.P.R. Discussion Papers.
      • Oriana Bandiera & Robin Burgess & Erika Deserranno & Ricardo Morel & Imran Rasul & Munshi Sulaiman & Jack Thiemel, 2022. "Microfinance and Diversification," Economica, London School of Economics and Political Science, vol. 89(S1), pages 239-275, June.
    56. López, José Joaquín, 2017. "Financial frictions and productivity: Evidence from Mexico," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 294-301.
    57. Anindo Sarker & Bulent Unel, 2017. "The Impact of Bank Expansion on Self-Employed Business Owners: Evidence from US States," Departmental Working Papers 2017-06, Department of Economics, Louisiana State University.
    58. Ngoc-Sang Pham, 2022. "Impacts of (individual and aggregate) productivity and credit shocks on equilibrium aggregate production," Working Papers halshs-03686284, HAL.
    59. Juan Herreno & Sergio Ocampo, 2020. "Self-Employment and Development," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20209, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    60. Perla, Jesse & Pflueger, Carolin & Szkup, Michal, 2024. "Commitment and investment distortions under limited liability," Journal of Economic Theory, Elsevier, vol. 222(C).
    61. Sergio Salgado, 2019. "Technical Change and Entrepreneurship," 2019 Meeting Papers 634, Society for Economic Dynamics.
    62. Sakai Ando, 2018. "Size-Dependent Policies and Efficient Firm Creation," ISER Discussion Paper 1033, Institute of Social and Economic Research, The University of Osaka.
    63. Chanont Banternghansa, 2017. "Multi-Firm Entrepreneurship and Financial Frictions," PIER Discussion Papers 56, Puey Ungphakorn Institute for Economic Research.
    64. Poschke, Markus, 2023. "Wage Employment, Unemployment and Self-Employment across Countries," IZA Discussion Papers 16271, IZA Network @ LISER.
    65. Pham, Ngoc-Sang, 2018. "Credit limits and heterogeneity in general equilibrium models with a finite number of agents," MPRA Paper 88736, University Library of Munich, Germany.
    66. Herreño, Juan & Ocampo, Sergio, 2023. "The macroeconomic consequences of subsistence self-employment," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 91-106.
    67. Michael Dotsey & Wenli Li & Fang Yang, 2025. "Demographic transition, industrial policies, and Chinese economic growth," Quantitative Economics, Econometric Society, vol. 16(2), pages 615-657, May.
    68. David P√©rez Reyna & Angie Rozada-Najar & Fausto Suaza, 2025. "Productive Banks Lend to Productive Firms," Documentos CEDE 21298, Universidad de los Andes, Facultad de Economía, CEDE.
    69. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2016. "Capital Accumulation and Structural Transformation," Working Papers Series 444, Central Bank of Brazil, Research Department.
    70. Nicola Comincioli & Paolo M. Panteghini & Sergio Vergalli, 2025. "On the main determinants of startup investment in developing countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(2), pages 459-477, July.

  17. Francisco J. Buera & Juan Pablo Nicolini, 2014. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," Working Paper Series WP-2014-14, Federal Reserve Bank of Chicago.

    Cited by:

    1. Sebastian Di Tella, 2018. "A Neoclassical Theory of Liquidity Traps," 2018 Meeting Papers 96, Society for Economic Dynamics.
    2. Joonkyu Choi, 2018. "Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications," 2018 Meeting Papers 1018, Society for Economic Dynamics.
    3. Shaker Akhtekhane, Saeed, 2020. "Impact of entry costs on aggregate productivity: financial development matters," MPRA Paper 115221, University Library of Munich, Germany.
    4. Jeffrey Campbell, 2017. "Quantitative Easing in Joseph's Egypt with Keynesian Producers," 2017 Meeting Papers 1165, Society for Economic Dynamics.
    5. Shobande Olatunji Abdul & Shodipe Oladimeji Tomiwa, 2019. "New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model," Economics and Business, Sciendo, vol. 33(1), pages 152-169, January.
    6. Filiani, Pasquale, 2021. "Optimal monetary–fiscal policy in the euro area liquidity crisis," Journal of Macroeconomics, Elsevier, vol. 70(C).
    7. Cui, Wei, 2016. "Monetary–fiscal interactions with endogenous liquidity frictions," European Economic Review, Elsevier, vol. 87(C), pages 1-25.
    8. Vito Gala & Hongxun Ruan & Joao Gomes, 2018. "The Decline in Corporate Investment," 2018 Meeting Papers 269, Society for Economic Dynamics.
    9. Philippe Bacchetta & Yannick Kalantzis, 2018. "Money and Capital in a Persistent Liquidity Trap," Working papers 703, Banque de France.
    10. Corbisiero, Giuseppe, 2022. "Bank lending, collateral, and credit traps in a monetary union," European Economic Review, Elsevier, vol. 144(C).
    11. João Braz Pinto & João Sousa Andrade, 2015. "A Monetary Analysis of the Liquidity Trap," GEMF Working Papers 2015-06, GEMF, Faculty of Economics, University of Coimbra.
    12. Costas Azariadis & James B. Bullard & Aarti Singh & Jacek Suda, 2015. "Incomplete Credit Markets and Monetary Policy," Working Papers 2015-10, Federal Reserve Bank of St. Louis.
    13. Ohdoi, Ryoji, 2017. "International Transmission of Financial Shocks without Financial Integration," MPRA Paper 83286, University Library of Munich, Germany.
    14. Hagedorn, Marcus, 2018. "Prices and Inflation when Government Bonds are Net Wealth," CEPR Discussion Papers 12769, C.E.P.R. Discussion Papers.
    15. Manuel Amador & Javier Bianchi, 2023. "Helicopter Drops and Liquidity Traps," Working Papers 797, Federal Reserve Bank of Minneapolis.
    16. Ryoji Ohdoi & Kazuo Mino & Yunfang Hu, 2023. "A heterogeneous-firm model of trade and growth with country-specific credit constraints," Discussion Paper Series 256, School of Economics, Kwansei Gakuin University.
    17. Athanasios Geromichalos & Lucas Herrenbrueck, 2017. "The Liquidity-Augmented Model of Macroeconomic Aggregates," Discussion Papers dp17-16, Department of Economics, Simon Fraser University.
    18. Ryoji Ohdoi & Kazuo Mino & Yunfang Hu, 2023. "Credit constraints, firm selection, and endogenous growth: The international transmission of a credit crunch via trade," Discussion Paper Series 256-2, School of Economics, Kwansei Gakuin University, revised Apr 2025.
    19. Montano Pierina & Quineche, Ricardo & Tipo, Royer, 2025. "Distributional Patterns in US Monetary Transmission: Quantile Cointegration Evidence," EconStor Preprints 323756, ZBW - Leibniz Information Centre for Economics.
    20. Stefano Neri & Giuseppe Ferrero, 2017. "Monetary policy in a low interest rate environment," Questioni di Economia e Finanza (Occasional Papers) 392, Bank of Italy, Economic Research and International Relations Area.
    21. Francisco Buera & Juan Pablo Nicolini, 2019. "Accounting for the Slow Recovery from the Great Recession: The Role of Credit Constraints," 2019 Meeting Papers 492, Society for Economic Dynamics.

  18. Francisco J. Buera & Roberto Fattal-Jaef & Yongseok Shin, 2014. "Anatomy of a Credit Crunch: From Capital to Labor Markets," NBER Working Papers 19997, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francisco J. Buera & Juan Pablo Nicolini, 2014. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," Working Papers 714, Federal Reserve Bank of Minneapolis.
    2. Setzer, Ralph & Stieglitz, Moritz, 2019. "Firm-level employment, labour market reforms, and bank distress," Working Paper Series 2334, European Central Bank.
    3. Katalin Bodnár & Ludmila Fadejeva & Marco Hoeberichts & Mario Izquierdo Peinado & Christophe Jadeau & Eliana Viviano, 2017. "Credit shocks and the European labour market," Working Papers 1747, Banco de España.
    4. Tatiana Didier & Ross Levine & Sergio L. Schmukler, 2015. "Capital Market Financing, Firm Growth, and Firm Size Distribution," Working Papers 172015, Hong Kong Institute for Monetary Research.
    5. Gete, Pedro, 2018. "Lending standards and macroeconomic dynamics," Working Paper Series 2207, European Central Bank.
    6. Feng Dong, 2023. "Aggregate Implications of Financial Frictions for Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 45-71, April.
    7. Kyle Herkenhoff & Gordon Phillips & Ethan Cohen-Cole, 2017. "The Impact of Consumer Credit Access on Employment, Earnings, and Entrepreneurship," Working Papers 2017-011, Human Capital and Economic Opportunity Working Group.
    8. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    9. Tatiana Didier & Ross Levine & Sergio L. Schmukler, 2014. "Capital Market Financing, Firm Growth, Firm Size Distribution," NBER Working Papers 20336, National Bureau of Economic Research, Inc.
    10. Todd Messer & Michael Siemer & Francois Gourio, 2016. "A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation," 2016 Meeting Papers 752, Society for Economic Dynamics.
    11. Shirai, Daichi, 2016. "Persistence and Amplification of Financial Frictions," MPRA Paper 72187, University Library of Munich, Germany.
    12. Marco Desogus & Beatrice Venturi, 2023. "Stability and Bifurcations in Banks and Small Enterprises—A Three-Dimensional Continuous-Time Dynamical System," JRFM, MDPI, vol. 16(3), pages 1-20, March.
    13. Alice, Albonico & Roberta, Cardani & Patrizio, Tirelli, 2017. "Debunking the Myth of Southern Profligacy. A DSGE Analysis of Business Cycles in the EMU’s Big Four," Working Papers 373, University of Milano-Bicocca, Department of Economics, revised Jan 2018.
    14. Francisco Buera & Sudipto Karmakar, 2019. "Real effects of financial distress: the role of heterogeneity," Bank of England working papers 814, Bank of England.
    15. Simon Mongey & Gianluca Violante & Alessandro Gavazza, 2014. "What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks," 2014 Meeting Papers 1014, Society for Economic Dynamics.
    16. Siddharth Sharma & Hernan Winkler, 2018. "The labour market effects of financial crises : The role of temporary contracts in Central and Western Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(1), pages 35-60, January.
    17. Thibaut Duprey & Artur Kotlicki & Daniel E. Rigobon & Philip Schnattinger, 2024. "Bouncing Back: How Mothballing Curbs Prices," Staff Working Papers 24-51, Bank of Canada.
    18. Gavazza, Alessandro & Mongey, Simon & Violante, Giovanni L, 2016. "Aggregate recruiting intensity," LSE Research Online Documents on Economics 69017, London School of Economics and Political Science, LSE Library.
    19. Miroslav Gabrovski & Ioannis Kospentaris & Lucie Lebeau, 2024. "The Macroeconomics of Labor, Credit and Financial Market Imperfections," Working Papers 2409, Federal Reserve Bank of Dallas.
    20. Wenni Lei & Zhe Li & Dongzhou Mei, 2023. "Financial crisis, labor market frictions, and economic volatility," PLOS ONE, Public Library of Science, vol. 18(9), pages 1-14, September.
    21. Nadav Ben Zeev & Tomer Ifergane, 2022. "Firing Restrictions and Economic Resilience: Protect and Survive?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 93-124, January.
    22. Dimitrios Anastasiou & Zacharias Bragoudakis & Stelios Giannoulakis, 2020. "Perceived vs actual financial crisis and bank credit standards: is there any indication of self-fulfilling prophecy?," Working Papers 277, Bank of Greece.
    23. Weinstein, David & Amiti, Mary, 2013. "How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data," CEPR Discussion Papers 9400, C.E.P.R. Discussion Papers.
    24. Lin Shao, 2025. ""Aggregate Fluctuations and the Role of Trade Credit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    25. Gaston Navarro & Julio Blanco, 2016. "Equilibrium Default and the Unemployment Accelerator," 2016 Meeting Papers 1502, Society for Economic Dynamics.
    26. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    27. Dinlersoz, Emin & Hyatt, Henry R. & Janicki, Hubert P., 2016. "Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets," IZA Discussion Papers 9693, IZA Network @ LISER.
    28. Fukuda, Akira, 2022. "Effects of financial frictions on employment: Evidence from Japan during the Global Financial Crisis," Journal of the Japanese and International Economies, Elsevier, vol. 65(C).
    29. Jose Ignacio Lopez & Virginia Olivella, 2018. "The importance of intangible capital for the transmission of financial shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 223-238, October.
    30. J.I.Lopez & V. Olivella Moppett, 2014. "Financial Shocks and the Cyclical Behavior of Skilled and Unskilled Unemployment," Working papers 496, Banque de France.
    31. Giorgia Piacentino & Anjan Thakor & Jason Donaldson, 2015. "Bank Capital, Bank Credit and Unemployment," 2015 Meeting Papers 1403, Society for Economic Dynamics.
    32. Gabrovski, Miroslav & Geromichalos, Athanasios & Herrenbrueck, Lucas & Kospentaris, Ioannis & Lee, Sukjoon, 2025. "The real effects of financial disruptions in a monetary economy," Journal of Monetary Economics, Elsevier, vol. 151(C).
    33. Joao Ayres & Gajendran Raveendranathan, 2018. "The Firm Dynamics of Business Cycles," Department of Economics Working Papers 2018-16, McMaster University.
    34. Pablo Andrés Neumeyer & Francisco J. Buera & Roberto N. Fattal Jaef & Hugo Hopenhayn & Yongseok Shin, 2025. "The Economic Ripple Effects of a Temporary Shutdown," Department of Economics Working Papers 2025_06, Universidad Torcuato Di Tella.
    35. Thang Bach & Charles Harvie & Thanh Le, 2021. "How credit constraints affect small and medium enterprises' strategic employment decisions and employees' labour outcomes: Evidence from Vietnam1," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(2), pages 319-341, April.
    36. Amador, João & Nagengast, Arne J., 2016. "The effect of bank shocks on firm-level and aggregate investment," Discussion Papers 20/2016, Deutsche Bundesbank.
    37. Davide Melcangi, 2018. "The marginal propensity to hire," Staff Reports 875, Federal Reserve Bank of New York.
    38. Nadav Ben Zeev & Tomer Ifergane, 2019. "Employment Protection Legislation and Economic Resilience: Protect and Survive?," Working Papers 1910, Ben-Gurion University of the Negev, Department of Economics.
    39. Cai, Dongliang & Song, Quanyun & Ma, Shuang & Dong, Yang & Xu, Qiuhua, 2018. "The relationship between credit constraints and household entrepreneurship in China," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 246-258.
    40. Zhang, Lini, 2018. "Credit crunches, individual heterogeneity and the labor wedge," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 65-88.
    41. Epstein, Brendan & Finkelstein Shapiro, Alan, 2019. "Financial development, unemployment volatility, and sectoral dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 99(C), pages 82-102.
    42. Francisco J. Buera & Roberto N. Fattal-Jaef & Hugo Hopenhayn & P. Andres Neumeyer & Yongseok Shin, 2021. "The Economic Ripple Effects of COVID-19," NBER Working Papers 28704, National Bureau of Economic Research, Inc.
    43. Desogus, Marco & Casu, Elisa, 2020. "What Are the Impacts of Credit Crunch on the Bank-Enterprise System? An Analysis Through Dynamic Modeling and an Italian Dataset," MPRA Paper 114349, University Library of Munich, Germany.
    44. Alex Clymo, 2018. "Firm Dynamics at the Zero Lower Bound," 2018 Meeting Papers 912, Society for Economic Dynamics.
    45. António R. Antunes & Tiago Cavalcanti, 2019. "Tighter Credit and Consumer Bankruptcy Insurance," Working Papers w201921, Banco de Portugal, Economics and Research Department.
    46. Mary Amiti & David E. Weinstein, 2013. "How Much do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data," NBER Working Papers 18890, National Bureau of Economic Research, Inc.
    47. Julieta Caunedo & Emircan Yurdagul, 2019. "Who Quits Next? Firm Growth In Growing Economies," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 33-49, January.
    48. Helmut Herwartz & Christian Ochsner & Hannes Rohloff, 2021. "Global Credit Shocks and Real Economies," MAGKS Papers on Economics 202116, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    49. Epstein, Brendan & Finkelstein Shapiro, Alan & Gonzalez Gomez, Andres, 2018. "Global Financial Risk, Domestic Financial Access, and Unemployment Dynamics," MPRA Paper 88692, University Library of Munich, Germany.
    50. Hoang Khieu, 2018. "Employment and output effects of financial shocks," Empirical Economics, Springer, vol. 55(2), pages 519-550, September.
    51. Ádám Balog & György Matolcsy & Nagy Márton & Balázs Vonnák, 2014. "Credit crunch in Hungary between 2009 and 2013: is the creditless period over?," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 13(4), pages 11-34.
    52. Dirk-Hinnerk Fischer, 2017. "How Tracking of Electronic Money Might Improve Financial Market Crisis Intervention," Management, University of Primorska, Faculty of Management Koper, vol. 12(4), pages 301-316.
    53. Joao Ayres & Gajendran Raveendranathan, 2023. "Firm Entry and Exit during Recessions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 47-66, January.
    54. Taejun Lim, 2018. "Housing as Collateral, Financial Constraints, and Small Businesses," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 68-85, October.
    55. Francesca Crucitti & Lorenza Rossi, 2022. "Labor Share Decline and Productivity Slowdown: A Micro-Macro Analysis," Working Papers 350577481, Lancaster University Management School, Economics Department.
    56. Fabio Berton & Sauro Mocetti & Andrea F. Presbitero & Matteo Richiardi, 2017. "Banks, Firms, and Jobs," Mo.Fi.R. Working Papers 136, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    57. Kwan Yong Lee, 2023. "Financial dependence and exports: Entrants or incumbents?," Southern Economic Journal, John Wiley & Sons, vol. 89(4), pages 1102-1137, April.
    58. Lang, Péter & Drabancz, Áron & El-Meouch Nedim, Márton, 2021. "A koronavírus-járvány miatt bevezetett jegybanki és állami hitelprogramok hatása a magyar foglalkoztatásra [The impact of central-bank and state-loan programmes introduced in Hungarian employment due to the coronavirus]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 930-965.
    59. Melcangi, Davide, 2016. "Firms’ precautionary savings and employment during a credit crisis," LSE Research Online Documents on Economics 86237, London School of Economics and Political Science, LSE Library.
    60. Sebastian Dyrda & Benjamin Pugsley, 2018. "Taxes, Regulations of Businesses and Evolution of Income Inequality in the US," 2018 Meeting Papers 318, Society for Economic Dynamics.
    61. Ryan Michaels & T Beau Page & Toni M Whited, 2019. "Labor and Capital Dynamics under Financing Frictions," Review of Finance, European Finance Association, vol. 23(2), pages 279-323.
    62. Sergeyev, Dmitriy & Mehrotra, Neil, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    63. Arpita Agarwal & Rishuka Bansal & Silu Muduli, 2025. "Post-pandemic Credit Allocation and Real Economic Activities: Evidence from Indian Firms," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 23(1), pages 85-103, March.
    64. Carrillo-Tudela, Carlos & Graber, Michael & Waelde, Klaus, 2018. "Unemployment and vacancy dynamics with imperfect financial markets," Labour Economics, Elsevier, vol. 50(C), pages 128-143.
    65. In Hwan Jo, 2025. "Firm Size And Business Cycles With Credit Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 629-659, May.
    66. Clymo, AJ, 2017. "Heterogeneous Firms, Wages, and the Effects of Financial Crises," Economics Discussion Papers 20572, University of Essex, Department of Economics.
    67. Carnicelli, Lauro, 2018. "Financial shocks and endogenous labor market participation," MPRA Paper 90254, University Library of Munich, Germany.
    68. Jean-François Rouillard, 2017. "Credit Crunch and Downward Nominal Wage Rigidities," Cahiers de recherche 17-05, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, revised Apr 2019.
    69. Alireza Sepahsalari, 2016. "Financial Market Imperfections and Labour Market Outcomes," Discussion Papers 1624, Centre for Macroeconomics (CFM).
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    71. Nadav Ben Zeev, 2018. "The Tfp Channel Of Credit Supply Shocks," Working Papers 1802, Ben-Gurion University of the Negev, Department of Economics.
    72. Sepahsalari, Alireza, 2016. "Financial market imperfections and labour market outcomes," LSE Research Online Documents on Economics 86224, London School of Economics and Political Science, LSE Library.
    73. Francisco J. Buera & Juan Pablo Nicolini, 2017. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch: Online Appendix," Staff Report 541, Federal Reserve Bank of Minneapolis.
    74. Julio Blanco & Gaston Navarro, 2016. "The Unemployment Accelerator," CESifo Working Paper Series 6248, CESifo.

  19. Yongseok Shin & Francisco Buera & Amit Khandelwal & David Atkin, 2013. "Constraints to the Growth of Firms: All in the Family?," 2013 Meeting Papers 1191, Society for Economic Dynamics.

    Cited by:

    1. Maloney, William F. & Sarrias, Mauricio, 2017. "Convergence to the managerial frontier," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 284-306.

  20. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2013. "The macroeconomics of microfinance," Working Papers 2013-034, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Talnan Aboulaye Toure, 2023. "Financial inclusion, entrepreneurs’ credit risk exposure and social planner financial policy," Economic Change and Restructuring, Springer, vol. 56(4), pages 2747-2799, August.
    2. Chen, Zhiyuan & Li, Yong & Zhang, Jie, 2016. "The bank–firm relationship: Helping or grabbing?," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 385-403.
    3. Michael Takudzwa Pasara & Albert Makochekanwa & Steven Henry Dunga, 2021. "The Role of Savings and Credit Cooperatives (SACCOs) on Financial Inclusion in Zimbabwe," Eurasian Journal of Business and Management, Eurasian Publications, vol. 9(1), pages 47-60.
    4. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    5. Donou-Adonsou, Ficawoyi & Sylwester, Kevin, 2017. "Growth effect of banks and microfinance: Evidence from developing countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 44-56.
    6. Lixin Tang, 2020. "Entrepreneur Income Inequality, Aggregate Saving and the Gains from Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 273-295, October.
    7. Sohail, Faisal, 2021. "From employee to entrepreneur: Learning, employer size, and spinout dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    8. Raihan, Selim & Osmani, S.R. & Khalily, M.A. Baqui, 2017. "The macro impact of microfinance in Bangladesh: A CGE analysis," Economic Modelling, Elsevier, vol. 62(C), pages 1-15.
    9. Merlin, Giovanni Tondin, 2018. "Credit subsidies: bad idea or misuse?," Textos para discussão 483, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    10. Zhang, Xiaolei & Zhou, Cai & Li, Ziyun & Sun, Wenping, 2025. "Can internet finance promote employment absorption by township enterprises in China?," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    11. Bettoni, Luis & Santos, Marcelo & Filho, Gilberto Oliveira, 2023. "The impact of microcredit on small firms in Brazil: A potential to promote investment, growth and inclusion," Journal of Policy Modeling, Elsevier, vol. 45(3), pages 592-608.
    12. Feng, Ying & Ren, Jie, 2023. "Skill bias, financial frictions, and selection into entrepreneurship," Journal of Development Economics, Elsevier, vol. 162(C).
    13. Davis, C. Austin & Mobarak, Ahmed Mushfiq, 2020. "The challenges of scaling effective interventions: A path forward for research and policy," World Development, Elsevier, vol. 127(C).
    14. Kevin Donovan, 2014. "Subsistence Entrepreneurs and Misallocation," 2014 Meeting Papers 771, Society for Economic Dynamics.
    15. Arzi Adbi, 2023. "Financial Sustainability of For-Profit Versus Non-Profit Microfinance Organizations Following a Scandal," Journal of Business Ethics, Springer, vol. 188(1), pages 57-74, November.
    16. Loeser,John Ashton, 2023. "Consumer Surplus with Incomplete Markets : Applications to Savings and Microfinance," Policy Research Working Paper Series 10481, The World Bank.
    17. Demont, Timothée, 2016. "Microfinance spillovers: A model of competition in informal credit markets with an application to Indian villages," European Economic Review, Elsevier, vol. 89(C), pages 21-41.
    18. Li, Huiyu, 2022. "Leverage and productivity," Journal of Development Economics, Elsevier, vol. 154(C).
    19. Kalliyil, Muneer & Sahoo, Soham, 2024. "Does Restricting Access to Credit Affect Learning Outcomes? Evidence from a Regulatory Shock to Microfinance in India," IZA Discussion Papers 17404, IZA Network @ LISER.
    20. Lim, Taejun, 2018. "Growth, financial development, and housing booms," Economic Modelling, Elsevier, vol. 69(C), pages 91-102.
    21. Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023. "Rescue policies for small businesses in the Covid-19 recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 579-603, December.
    22. Aroosa Khan & Muhammad Shaukat Malik, 2020. "Micro-Financing: A Comparative Study of Bangladesh & Pakistan," Business and Economic Research, Macrothink Institute, vol. 10(3), pages 181-202, September.
    23. Armen Nurbekyan & Naneh Hovanessian, 2018. "Financial Inclusion, Regulation, Financial Literacy and Financial Education in Armenia," Working Papers id:12815, eSocialSciences.
    24. Mestieri, Martí & Schauer, Johanna & Townsend, Robert, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," CEPR Discussion Papers 11825, C.E.P.R. Discussion Papers.
    25. Arzi Adbi & Matthew Lee & Jasjit Singh, 2024. "Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization," Strategic Management Journal, Wiley Blackwell, vol. 45(3), pages 535-563, March.
    26. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.
    27. Khurram Shehzad & Umer Zaman & Ana Ercília José & Emrah Koçak & Paulo Ferreira, 2021. "An Officious Impact of Financial Innovations and ICT on Economic Evolution in China: Revealing the Substantial Role of BRI," Sustainability, MDPI, vol. 13(16), pages 1-17, August.
    28. Bandiera, Oriana & Burgess, Robin & Das, Narayan & Gulesci, Selim & Rasul, Imran & Sulaiman, Munshi, 2013. "Can Basic Entrepreneurship Transform the Economic Lives of the Poor?," IZA Discussion Papers 7386, IZA Network @ LISER.
    29. Michael Christian Lehman, 2014. "Long-Run Effects Of Conditional Cash Transfers," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 223, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    30. Pubali Chakraborty & Anand Chopra & Lalit Contractor, 2024. "The Equilibrium Impact of Agricultural Support Prices and Input Subsidies," Working Papers 123, Ashoka University, Department of Economics.
    31. Raihan, Selim & Osmani, S. R. & Khalily, M. A. Baqui, 2017. "The Macro Impact of Microfinance in Bangladesh: A CGE Analysis," Conference papers 332868, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    32. Carlos Delgado Urbáez, 2018. "Bankarization among Households in the Dominican Republic," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, edition 1, volume 1, chapter 10, pages 309-347, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    33. Hanousek, Jan & Alimukhamedova, Nargiza, 2015. "What Do We Know about Microfinance at Macro Glance?," CEPR Discussion Papers 10484, C.E.P.R. Discussion Papers.
    34. João Paulo Coelho Ribeiro & Fábio Duarte & Ana Paula Matias Gama, 2022. "Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-35, December.
    35. Chai, Nana & Abedin, Mohammad Zoynul & Yang, Lian & Shi, Baofeng, 2025. "Farmers' credit risk evaluation with an explainable hybrid ensemble approach: A closer look in microfinance," Pacific-Basin Finance Journal, Elsevier, vol. 89(C).
    36. Zhao Ding & Xinyi Fan & Jingye Zhang, 2024. "Self-Employed Versus Paid-Employed: What are the Different Preferences for Microfinance? Experimental Evidence From Rural China," SAGE Open, , vol. 14(2), pages 21582440241, May.
    37. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    38. Fonseca, Julia & Matray, Adrien, 2024. "Financial inclusion, economic development, and inequality: Evidence from Brazil," Journal of Financial Economics, Elsevier, vol. 156(C).
    39. Thanh, Pham Tien & Saito, Katsuhiro & Duong, Pham Bao, 2019. "Impact of microcredit on rural household welfare and economic growth in Vietnam," Journal of Policy Modeling, Elsevier, vol. 41(1), pages 120-139.
    40. Marina-Selini Katsaiti & Maroula Khraiche, 2023. "Does access to credit alter migration intentions?," Empirical Economics, Springer, vol. 65(4), pages 1823-1854, October.
    41. Isaac Mwangi & Rosemary Atieno, 2018. "Impact of Financial Inclusion on Consumption Expenditure in Kenya," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(5), pages 114-128, May.
    42. Banerjee, Abhijit & Qian, Nancy & Meng, Xin & Porzio, Tommaso, 2014. "Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data," CEPR Discussion Papers 9935, C.E.P.R. Discussion Papers.
    43. Renuka Sane & Susan Thomas, 2013. "The real cost of credit constraints: Evidence from micro-finance," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-013, Indira Gandhi Institute of Development Research, Mumbai, India.
    44. António Antunes & Tiago Cavalcanti & Anne Villamil, 2015. "The effects of credit subsidies on development," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(1), pages 1-30, January.
    45. Mukhopadhyay, Jyoti Prasad, 2014. "Does access to microfinance affect consumption inequality? :evidence from a randomized controlled trial in Andhra Pradesh, India," MPRA Paper 58674, University Library of Munich, Germany.
    46. Glennerster, Rachel & Banerjee, Abhijit & Duflo, Esther & Kinnan, Cynthia, 2013. "The miracle of microfinance? Evidence from a randomized evaluation," CEPR Discussion Papers 9437, C.E.P.R. Discussion Papers.
    47. Moh’d Al-Azzam & Christopher Parmeter, 2021. "Competition and microcredit interest rates: international evidence," Empirical Economics, Springer, vol. 60(2), pages 829-868, February.
    48. Nguimkeu, Pierre, 2014. "A structural econometric analysis of the informal sector heterogeneity," Journal of Development Economics, Elsevier, vol. 107(C), pages 175-191.
    49. Bogliacino, Francesco & Posso, Christian & Villaveces, Marta Juanita, 2025. "Restoring property rights: The effects of land restitution on credit access," World Development, Elsevier, vol. 186(C).
    50. Banto, Jean Michel & Monsia, Atokê Fredia, 2021. "Microfinance institutions, banking, growth and transmission channel: A GMM panel data analysis from developing countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 79(C), pages 126-150.
    51. Baldi, Guido & Sadovskis, Vairis & Šipilova, Viktorija, 2014. "Economic and Employment Effects of Microloans in a Transition Country," MPRA Paper 52736, University Library of Munich, Germany.
    52. Ishraq Ahmed & Erick Kitenge, 2022. "Microfinance outreach and aggregate welfare," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(3), pages 652-669, April.
    53. Fieler, Ana Cecília & Harrison, Ann E., 2023. "Escaping import competition in China," Journal of International Economics, Elsevier, vol. 145(C).
    54. Sultan, Yousuf & Masih, Mansur, 2016. "Does microfinance affect economic growth? Evidence from Bangladesh based on ARDL approach," MPRA Paper 72123, University Library of Munich, Germany.
    55. Islam, Khan & O’Gorman, Melanie, 2019. "Microcredit contract design: A macroeconomic evaluation," World Development, Elsevier, vol. 124(C), pages 1-1.
    56. Gabriel A. Madeira & Mailliw Serafim & Sergio Mikio Koyama & Fernando Kuwer, 2025. "Economy-wide consequences of credit subsidies to targeted firms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 80(1), pages 125-169, August.
    57. Ane C. H. Jensen & Amjad Naveed, 2025. "Assessing the Role of Microfinance in Mitigating Income Inequality: New Evidence from a Global Context," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 179(1), pages 371-397, August.

  21. Fernando E. Alvarez & Francisco J. Buera & Robert E. Lucas, Jr., 2013. "Idea Flows, Economic Growth, and Trade," NBER Working Papers 19667, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kumar, Sanjesh & Singh, Baljeet, 2019. "Barriers to the international diffusion of technological innovations," Economic Modelling, Elsevier, vol. 82(C), pages 74-86.
    2. George Alessandria & Horag Choi & Kim Ruhl, 2018. "Trade Adjustment Dynamics and the Welfare Gains from Trade," 2018 Meeting Papers 1324, Society for Economic Dynamics.
    3. Cai, Sheng & Xiang, Wei, 2025. "Multinational production, technology diffusion, and economic growth," Journal of International Economics, Elsevier, vol. 157(C).
    4. Xu, Kun & Guan, Zhihua & Xu, Wenli, 2015. "省级财政支出效率空间溢出效应研究：基于超效率dea和gsm模型 [Study on Spatial Spillover Effect of Provincial Fiscal Efficiency: Based on Super-Efficient DEA and GSM Model]," MPRA Paper 71132, University Library of Munich, Germany.
    5. Albrecht Glitz & Erik Meyersson, 2017. "Industrial Espionage and Productivity," CESifo Working Paper Series 6525, CESifo.
    6. Baum-Snow, Nathaniel & Henderson, J. Vernon & Turner, Matthew A. & Zhang, Qinghua & Brandt, Loren, 2020. "Does investment in national highways help or hurt hinterland city growth?," Journal of Urban Economics, Elsevier, vol. 115(C).
    7. Jess Benhabib & Jesse Perla & Christopher Tonetti, 2021. "Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier," Econometrica, Econometric Society, vol. 89(5), pages 2261-2301, September.
    8. Liam Brunt & Cecilia García-Peñalosa, 2021. "Urbanisation and the onset of modern economic growth," Working Papers halshs-03123659, HAL.
    9. Gordon H. Hanson & Nelson Lind & Marc-Andreas Muendler, 2015. "The Dynamics of Comparative Advantage," CESifo Working Paper Series 5622, CESifo.
    10. Santiago Perez Balsalobre & Carlos Llano Verduras & Jorge Diaz-Lanchas, 2019. "Measuring subnational economic complexity: An application with Spanish data," JRC Working Papers on Territorial Modelling and Analysis 2019-05, Joint Research Centre.
    11. Chiara Criscuolo & Angelo Secchi, 2016. "Resources (mis)allocation, innovation and the competitiveness of Europe," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(1), pages 1-9, March.
    12. Hirokazu Ishise, 2015. "Development Accounting and International Trade," ISER Discussion Paper 0944, Institute of Social and Economic Research, The University of Osaka.
    13. Bhushan Praveen Jangam & Badri Narayan Rath, 2021. "Do global value chains enhance or slog economic growth?," Applied Economics, Taylor & Francis Journals, vol. 53(36), pages 4148-4165, August.
    14. Erzo G. J. Luttmer, 2015. "An Assignment Model of Knowledge Diffusion and Income Inequality," Staff Report 509, Federal Reserve Bank of Minneapolis.
    15. Nathaniel Baum-Snow & J. Vernon Henderson & Matthew Turner & Loren Brandt & Qinghua Zhang, 2015. "Transport Infrastructure, Urban Growth and Market Access in China," ERSA conference papers ersa15p1177, European Regional Science Association.
    16. Matthew O. Jackson & Brian W. Rogers & Yves Zenou, 2016. "Networks: An Economic Perspective," Papers 1608.07901, arXiv.org.
    17. Ayerst, Stephen & Ibrahim, Faisal & MacKenzie, Gaelan & Rachapalli, Swapnika, 2023. "Trade and diffusion of embodied technology: an empirical analysis," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 128-145.
    18. Javier Mejia, 2018. "Social Interactions and Modern Economic Growth," Working Papers 20180021, New York University Abu Dhabi, Department of Social Science, revised Sep 2018.
    19. Nathaniel Baum-Snow & Loren Brandt & J. Vernon Henderson & Matthew A. Turner & Qinghua Zhang, 2016. "Highways, Market Access and Urban Growth in China," SERC Discussion Papers 0200, Centre for Economic Performance, LSE.
    20. Tabellini, Marco & Magistretti, Giacomo, 2020. "Economic Integration and Democracy: An Empirical Investigation," CEPR Discussion Papers 14336, C.E.P.R. Discussion Papers.
    21. Alessandro Saia & Dan Andrews & Silvia Albrizio, 2015. "Productivity Spillovers from the Global Frontier and Public Policy: Industry-Level Evidence," OECD Economics Department Working Papers 1238, OECD Publishing.
    22. Ma, Xiao & Muendler, Marc-Andreas & Nakab, Alejandro, 2020. "Learning by Exporting and Wage Profiles: New Evidence from Brazil," MPRA Paper 109497, University Library of Munich, Germany, revised 31 Aug 2021.
    23. Michele Battisti & Massimo Del Gatto & Christopher F. Parmeter, 2018. "Labor productivity growth: disentangling technology and capital accumulation," Journal of Economic Growth, Springer, vol. 23(1), pages 111-143, March.
    24. Spray, J., 2017. "Reorganise, Replace or Expand? The role of the supply-chain in first-time exporting," Cambridge Working Papers in Economics 1741, Faculty of Economics, University of Cambridge.
    25. Muhammad Luqman & Karim Khan, 2022. "Does Innovation Affect Intensive and Extensive Margins of Exports? A Firm-Level Analysis," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(3), pages 125-145.
    26. Ufuk Akcigit & John Grigsby & Tom Nicholas, 2017. "The Rise of American Ingenuity: Innovation and Inventors of the Golden Age," NBER Working Papers 23047, National Bureau of Economic Research, Inc.
    27. Hasan Alp Boz & Mohsen Bahrami & Selim Balcisoy & Burcin Bozkaya & Nina Mazar & Aaron Nichols & Alex Pentland, 2024. "Investigating neighborhood adaptability using mobility networks: a case study of the COVID-19 pandemic," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    28. Góes, Carlos & Bekkers, Eddy, 2022. "The impact of geopolitical conflicts on trade, growth, and innovation," WTO Staff Working Papers ERSD-2022-9, World Trade Organization (WTO), Economic Research and Statistics Division.
    29. Lori Beaman & Ariel BenYishay & Jeremy Magruder & Ahmed Mushfiq Mobarak, 2018. "Can Network Theory-based Targeting Increase Technology Adoption"," Cowles Foundation Discussion Papers 2139, Cowles Foundation for Research in Economics, Yale University.
    30. Freeman, Richard B. & Yang, Buyuan & Zhang, Baitao, 2023. "Data deepening and nonbalanced economic growth," Journal of Macroeconomics, Elsevier, vol. 75(C).
    31. William J Scarborough, 2020. "Occupational gender segregation and economic growth in U.S. local labor markets, 1980 through 2010," PLOS ONE, Public Library of Science, vol. 15(1), pages 1-21, January.
    32. Francisco J. Buera & Ezra Oberfield, 2020. "The Global Diffusion of Ideas," Econometrica, Econometric Society, vol. 88(1), pages 83-114, January.
    33. David Atkin & Amit K. Khandelwal & Adam Osman, 2017. "Exporting and Firm Performance: Evidence from a Randomized Experiment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(2), pages 551-615.
    34. Has van Vlokhoven, 2023. "Diffusion of Ideas in Networks with Endogenous Search," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 269-311, July.
    35. Liuchun Deng, 2016. "Specialization Dynamics, Convergence, and Idea Flows," SERIES 09-2016, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Nov 2016.
    36. Gregor Jarosch & Ezra Oberfield & Esteban Rossi‐Hansberg, 2021. "Learning From Coworkers," Econometrica, Econometric Society, vol. 89(2), pages 647-676, March.
    37. Marc J. Melitz & Stephen J. Redding, 2021. "Trade and Innovation," Working Papers 288, Princeton University, Department of Economics, Center for Economic Policy Studies..
    38. Jie Cai & Nan Li & Ana Maria Santacreu, 2017. "Knowledge Diffusion, Trade and Innovation across Countries and Sectors," Working Papers 2017-029, Federal Reserve Bank of St. Louis, revised 28 Feb 2020.
    39. Bai, Yan & Jin, Keyu & Lu, Dan & Wang, Hanxi, 2025. "Optimal trade policy with international technology diffusion," Journal of International Economics, Elsevier, vol. 153(C).
    40. Bolhuis, Marijn, 2019. "Catch-Up Growth and Inter-Industry Productivity Spillovers," MPRA Paper 94730, University Library of Munich, Germany.
    41. Jiancai Pi & Ping Xu, 2023. "Idea Exchange and Wage Inequality," Annals of Economics and Finance, Society for AEF, vol. 24(1), pages 69-89, May.
    42. Ma, Xiao & Nakab, Alejandro & Zhang, Yiran, 2023. "Skill Acquisition and the Gains from Trade: A Cross-country Quantitative Analysis," MPRA Paper 117808, University Library of Munich, Germany.
    43. Paul Conway, 2016. "Achieving New Zealand's productivity potential," Working Papers 2016/01, New Zealand Productivity Commission.
    44. Wyatt J. Brooks & Pau S. Pujolas, 2018. "Capital accumulation and the welfare gains from trade," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(2), pages 491-523, August.
    45. Artige, Lionel & Cavenaile, Laurent, 2023. "Public education expenditures, growth and income inequality," Journal of Economic Theory, Elsevier, vol. 209(C).
    46. Trouvain, Florian, 2024. "Technology Adoption, Innovation, and Inequality in a Global World," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302377, Verein für Socialpolitik / German Economic Association.

  22. Francisco J. Buera & Joseph P. Kaboski & Min Qiang Zhao, 2013. "The Rise of Services: the Role of Skills, Scale, and Female Labor Supply," NBER Working Papers 19372, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alexander Bick & Nicola Fuchs-Schündeln, 2017. "Taxation and Labor Supply of Married Couples across Countries: A Macroeconomic Analysis," CESifo Working Paper Series 6325, CESifo.
    2. Animashaun, Jubril & Emediegwu, Lotanna E., 2023. "Structural Transformation and Gender-Specific Labour Market Frictions: Evidence from Nigeria," 2023 Seventh AAAE/60th AEASA Conference, September 18-21, 2023, Durban, South Africa 365908, African Association of Agricultural Economists (AAAE).
    3. Alexander Bick & Bettina Brüggemann & Nicola Fuchs-Schündeln & Hannah Paule-Paludkiewicz, 2018. "Long-Term Changes in Married Couples' Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s," CESifo Working Paper Series 7267, CESifo.
    4. Rachel Ngai & Timo Boppart, 2016. "Rising inequality and trends in lesiure," 2016 Meeting Papers 330, Society for Economic Dynamics.
    5. Claudia Olivetti & Rachel Ngai, 2015. "Structural Transformation and the U-Shaped Female Labor Supply," 2015 Meeting Papers 1501, Society for Economic Dynamics.
    6. Claudia Olivetti & Barbara Petrongolo, 2016. "The Evolution of Gender Gaps in Industrialized Countries," Working Papers 782, Queen Mary University of London, School of Economics and Finance.
    7. Bridgman, Benjamin, 2016. "Home productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 71(C), pages 60-76.
    8. Morchio, Iacopo & Moser, Christian, 2018. "The Gender Pay Gap: Micro Sources and Macro Consequences," MPRA Paper 99276, University Library of Munich, Germany, revised 24 Mar 2020.
    9. Murat Üngör & M. Koray Kalafatcılar, 2014. "Productivity, Demographics, and Growth in Turkey: 2004-12," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(1), pages 23-56, January.
    10. Doepke, Matthias & Tertilt, Michèle, 2016. "Families in Macroeconomics," IZA Discussion Papers 9802, IZA Network @ LISER.
    11. Petrongolo, Barbara & Ngai, Liwa Rachel, 2014. "Gender Gaps and the Rise of the Service Economy," CEPR Discussion Papers 9970, C.E.P.R. Discussion Papers.
    12. Lee, Jongkwan & Shim, Myungkyu & Yang, Hee-Seung, 2022. "The rise of low-skill service employment: The role of dual-earner households," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 255-273.
    13. Michael Bar & Moshe Hazan & Oksana Leukhina & David Weiss & Hosny Zoabi, 2018. "Why did rich families increase their fertility? Inequality and marketization of child care," Journal of Economic Growth, Springer, vol. 23(4), pages 427-463, December.
    14. Roson, Roberto & van der Mensbrugghe, Dominique, 2017. "Demand-Driven Structural Change in Applied General Equilibrium Models," Conference papers 332902, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Da Mata, Daniel & Oliveira, Rodrigo & Silva, Diana, 2025. "Who benefits from job training programs? Evidence from a high-dosage program in Brazil," Journal of Development Economics, Elsevier, vol. 175(C).
    16. Fabio Cerina & Alessio Moro & Michelle Rendall, 2020. "The Role of Gender in Employment Polarization," Monash Economics Working Papers 09-20, Monash University, Department of Economics.
    17. Doepke, Matthias & Hannusch, Anne & Kindermann, Fabian & Tertilt, Michèle, 2022. "The Economics of Fertility: A New Era," IZA Discussion Papers 15224, IZA Network @ LISER.
    18. L. Rachel Ngai & Claudia Olivetti & Barbara Petrongolo, 2024. "Gendered change: 150 years of transformation in US hours," CEP Discussion Papers dp2001, Centre for Economic Performance, LSE.
    19. Andr√©s √Ålvarez & Camilo GÔøΩmez & Hernando Zuleta, 2019. "Bequests, Imperfections in Factor Markets, and Long-Run Inequality: A Theoretical Assessment of Piketty," Documentos CEDE 17674, Universidad de los Andes, Facultad de Economía, CEDE.
    20. So Kubota, 2020. "Culture, Gender, and Structural Transformation: The Case of Turkey," Working Papers 1925, Waseda University, Faculty of Political Science and Economics.
    21. Roberto Roson & Dominique van der Mensbrugghe, 2017. "Assessing Long Run Structural Change in Multi-Sector General Equilibrium Models," EcoMod2017 10257, EcoMod.
    22. Todd Schoellman & Bart Hobijn, 2017. "Structural Transformation by Cohort," 2017 Meeting Papers 1417, Society for Economic Dynamics.
    23. Michelle Rendall, 2018. "Female Market Work, Tax Regimes, and the Rise of the Service Sector," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 28, pages 269-289, April.
    24. Pierre‐Richard Agénor & Kamer K. Ozdemir & Emmanuel Pinto Moreira, 2021. "Gender Gaps in the Labour Market and Economic Growth," Economica, London School of Economics and Political Science, vol. 88(350), pages 235-270, April.

  23. Min Qiang (Kent) Zhao & Joseph Kaboski & Francisco Buera, 2013. "Quantifying the Growth in Services: the Role of Skills, Scale, and Female Labor Supply," 2013 Meeting Papers 277, Society for Economic Dynamics.

    Cited by:

    1. Bridgman, Benjamin, 2016. "Home productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 71(C), pages 60-76.
    2. Fabio Cerina & Alessio Moro & Michelle Petersen Rendall, 2017. "The role of gender in employment polarization," ECON - Working Papers 250, Department of Economics - University of Zurich.
    3. Roberto Roson & Dominique van der Mensbrugghe, 2017. "Assessing Long Run Structural Change in Multi-Sector General Equilibrium Models," EcoMod2017 10257, EcoMod.

  24. Francisco J. Buera & Benjamin Moll, 2012. "Aggregate Implications of a Credit Crunch," NBER Working Papers 17775, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francisco J. Buera & Juan Pablo Nicolini, 2014. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," Working Papers 714, Federal Reserve Bank of Minneapolis.
    2. Veronica Guerrieri & Guido Lorenzoni, 2011. "Credit Crises, Precautionary Savings, and the Liquidity Trap," NBER Working Papers 17583, National Bureau of Economic Research, Inc.
    3. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    4. Aliya Algozhina, 2012. "Monetary and Fiscal Policy Interactions in an Emerging Open Economy: A Non-Ricardian DSGE Approach," CERGE-EI Working Papers wp476, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    5. Saki Bigio & Jennifer La’O, 2016. "Distortions in Production Networks," NBER Working Papers 22212, National Bureau of Economic Research, Inc.
    6. Dellas, Harris & Collard, Fabrice & Angeletos, George-Marios, 2015. "Quantifying Confidence," CEPR Discussion Papers 10463, C.E.P.R. Discussion Papers.
    7. Francisco Buera & Roberto Fattal-Jaef & Yongseok Shin, 2015. "Anatomy of a Credit Crunch: From Capital to Labor Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(1), pages 101-117, January.
    8. Jan in't Veld & Robert Kollmann & Marco Ratto & Werner Roeger & Lukas Vogel, 2014. "What drives the German current account? and how does it affect other EU member states?," Globalization Institute Working Papers 176, Federal Reserve Bank of Dallas.
    9. Saki Bigio & Jennifer La’O, 2016. "Financial Frictions in Production Networks," Working Papers 67, Peruvian Economic Association.
    10. Andrea Ajello, 2012. "Financial intermediation, investment dynamics and business cycle fluctuations," Finance and Economics Discussion Series 2012-67, Board of Governors of the Federal Reserve System (U.S.).
    11. Yuko Imura, 2014. "Credit Market Frictions and Sudden Stops," Staff Working Papers 14-49, Bank of Canada.
    12. Yuichiro Matsumoto, 2014. "Inverted u-shaped relationship between inequality and economic performance," Discussion Papers in Economics and Business 14-19, Osaka University, Graduate School of Economics.
    13. J.I.Lopez & V. Olivella Moppett, 2014. "Financial Shocks and the Cyclical Behavior of Skilled and Unskilled Unemployment," Working papers 496, Banque de France.
    14. Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," NBER Working Papers 18102, National Bureau of Economic Research, Inc.
    15. Ezra Oberfield, 2013. "Productivity and Misallocation During a Crisis: Evidence from the Chilean Crisis of 1982," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 100-119, January.
    16. Felipe Schwartzman, 2012. "When do credit frictions matter for business cycles?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 98(3Q), pages 209-230.
    17. Nicolas L. Ziebarth, 2013. "Identifying the Effects of Bank Failures from a Natural Experiment in Mississippi during the Great Depression," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(1), pages 81-101, January.
    18. Caterina Mendicino, 2012. "Collateral Requirements: Macroeconomic Fluctuations and Macro-Prudential Policy," Working Papers w201211, Banco de Portugal, Economics and Research Department.
    19. Felipe Meza & Sangeeta Pratap & Carlos Urrutia, 2014. "Credit, Sectoral Misallocation and TFP: The Case of Mexico 2003-2010," Working Papers 1402, Centro de Investigacion Economica, ITAM.
    20. Oleg Itskhoki & Benjamin Moll, 2014. "Optimal Development Policies with Financial Frictions," NBER Working Papers 19994, National Bureau of Economic Research, Inc.
    21. Brinca, Pedro, 2014. "Distortions in the neoclassical growth model: A cross-country analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 1-19.
    22. Baqaee, David Rezza & Farhi, Emmanuel, 2017. "Productivity and misallocation in general equilibrium," LSE Research Online Documents on Economics 87170, London School of Economics and Political Science, LSE Library.
    23. Jonathan Goldberg, 2013. "Credit-crunch dynamics with uninsured investment risk," Finance and Economics Discussion Series 2013-47, Board of Governors of the Federal Reserve System (U.S.).
    24. George-Marios Angeletos & Luigi Iovino & Jennifer La'O, 2011. "Cycles, Gaps, and the Social Value of Information," NBER Working Papers 17229, National Bureau of Economic Research, Inc.
    25. JaeBin Ahn & Alexander McQuoid, 2013. "Capacity Constrained Exporters: Micro Evidence and Macro Implications," Working Papers 1301, Florida International University, Department of Economics.
    26. Yicheng Wang, 2017. "Debt-Market Friction, Firm-specific Knowledge Capital Accumulation and Macroeconomic Implications," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 19-39, October.
    27. Tatsuro Senga, 2015. "New Look at Uncertainty Shocks: Imperfect Information and Misallocation," 2015 Meeting Papers 1373, Society for Economic Dynamics.
    28. Jianjun Miao & Pengfei Wang & Tao Zha, 2014. "Discount Shock, Price-Rent Dynamics, and the Business Cycle," NBER Working Papers 20377, National Bureau of Economic Research, Inc.
    29. Kazuo Mino, 2016. "Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity," The Japanese Economic Review, Japanese Economic Association, vol. 67(1), pages 3-30, March.
    30. Chiara Criscuolo & Peter N. Gal & Carlo Menon, 2014. "The Dynamics of Employment Growth: New Evidence from 18 Countries," CEP Discussion Papers dp1274, Centre for Economic Performance, LSE.
    31. Yi Wen, 2013. "Evaluating unconventional monetary policies -why aren’t they more effective?," Working Papers 2013-028, Federal Reserve Bank of St. Louis.
    32. Florian Gerth, 2017. "Allocative efficiency of UK firms during the Great Recession," Studies in Economics 1714, School of Economics, University of Kent.
    33. Jonathan Goldberg, 2014. "Idiosyncratic Investment Risk and Business Cycles," Finance and Economics Discussion Series 2014-05, Board of Governors of the Federal Reserve System (U.S.).
    34. George-Marios Angeletos & Fabrice Collard & Harris Dellas & Behzad Diba, 2013. "Optimal Public Debt Management and Liquidity Provision," NBER Working Papers 18800, National Bureau of Economic Research, Inc.
    35. Jonathan Goldberg, 2013. "Credit-crunch dynamics with uninsured investment risk," Finance and Economics Discussion Series 2013-31, Board of Governors of the Federal Reserve System (U.S.).
    36. Dan Andrews & Chiara Criscuolo, 2013. "Knowledge-Based Capital, Innovation and Resource Allocation," OECD Economics Department Working Papers 1046, OECD Publishing.
    37. Philip Arestis & Ana Rosa Gonzalez, 2013. "Endogenous Bank Credit and Its Link to Housing in OECD Countries," Economics Working Paper Archive wp_750, Levy Economics Institute.

  25. Yongseok Shin & Benjamin Moll & Francisco J. Buera, 2011. "Well-Intended Policies," 2011 Meeting Papers 1244, Society for Economic Dynamics.

    Cited by:

    1. Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
    2. Xiaoyu Gao & Anjie Dong, 2020. "Real estate prices, fiscal revenue and economic growth," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(2), pages 1-7.
    3. Li, Hao-Ching & Lee, Wen-Chieh & Ko, Bo-Ting, 2016. "What determines misallocation in innovation? A study of regional innovation in China," MPRA Paper 77998, University Library of Munich, Germany, revised 03 Dec 2016.
    4. Bento, Pedro & Restuccia, Diego, 2021. "On average establishment size across sectors and countries," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 220-242.
    5. Stephen Ayerst & Duc Nguyen & Diego Restuccia, 2025. "The Micro and Macro Productivity of Nations," Working Papers tecipa-806, University of Toronto, Department of Economics.
    6. Jose-Maria Da-Rocha & Diego Restuccia & Marina M. Tavares, 2022. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," Working Papers tecipa-741, University of Toronto, Department of Economics.
    7. Di Nola, Alessandro, 2015. "Capital Misallocation during the Great Recession," MPRA Paper 68289, University Library of Munich, Germany.
    8. Selahattin Imrohoroglu, 2017. "Replacing Income Taxation with Consumption Taxation in Japan," CIGS Working Paper Series 17-008E, The Canon Institute for Global Studies.
    9. Weng, Liying & Xu, Changsheng & Yi, Ming, 2024. "Resource misallocation in China: Biased subsidies versus credit discrimination," Economic Modelling, Elsevier, vol. 134(C).
    10. Pellegrino, Bruno & Zheng, Geoffery, 2024. "Quantifying the impact of red tape on investment: A survey data approach," Journal of Financial Economics, Elsevier, vol. 152(C).
    11. Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023. "Rescue policies for small businesses in the Covid-19 recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 579-603, December.
    12. de Menezes Barboza, Ricardo & Vasconcelos, Gabriel F.R., 2019. "Measuring the aggregate effects of the Brazilian Development Bank on investment," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 223-236.
    13. Granda, Catalina & Hamann, Franz & Tamayo, Cesar E., 2019. "Credit and saving constraints in general equilibrium: A quantitative exploration," Journal of Development Economics, Elsevier, vol. 140(C), pages 302-319.
    14. Shi, Guifeng & Li, Huijun, 2025. "Government-led resource allocation and firm productivity: Evidence from a quasi-natural experiment," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    15. Brendan Epstein & Alan Finkelstein Shapiro, 2021. "Increasing Domestic Financial Participation: Implications for Business Cycles and Labor Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 128-145, January.
    16. Hansen, Gary & İmrohoroğlu, Selahattin, 2018. "Replacing income taxation with consumption taxation in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 48(C), pages 15-28.
    17. Song, Hengxu & Yang, Zhongchao & Zhou, Yue, 2023. "Upstream subsidy or downstream subsidy? A quantitative analysis of credit subsidy in China," Economic Modelling, Elsevier, vol. 129(C).
    18. In Hwan Jo & Tatsuro Senga, 2019. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 68-93, April.
    19. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    20. António Antunes & Tiago Cavalcanti & Anne Villamil, 2015. "The effects of credit subsidies on development," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(1), pages 1-30, January.
    21. Yoshiki Ando, 2024. "Dynamics of High-Growth Young Firms and the Role of Venture Capitalists," PIER Working Paper Archive 24-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    22. Petre Caraiani, 2016. "A quantitative explanation of the low productivity in South-Eastern European economies: the role of misallocations," wiiw Balkan Observatory Working Papers 119, The Vienna Institute for International Economic Studies, wiiw.
    23. Cavalcanti, Tiago & Vaz, Paulo Henrique, 2017. "Access to long-term credit and productivity of small and medium firms: A causal evidence," Economics Letters, Elsevier, vol. 150(C), pages 21-25.
    24. Sam Desiere & Tiziano Toniolo & Gert Bijnens, 2025. "Too much of a good thing? The macro implications of massive firm entry," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 25/1112, Ghent University, Faculty of Economics and Business Administration.
    25. Fernández-Arias, Eduardo & Sabel, Charles & Stein, Ernesto H. & Trejos, Alberto, 2016. "Two to Tango: Public-Private Collaboration for Productive Development Policies," IDB Publications (Books), Inter-American Development Bank, number 7694, November.
    26. Gabriel A. Madeira & Mailliw Serafim & Sergio Mikio Koyama & Fernando Kuwer, 2025. "Economy-wide consequences of credit subsidies to targeted firms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 80(1), pages 125-169, August.
    27. Inés Butler & Gabriela Galassi & Hernán Ruffo, 2016. "Public funding for startups in Argentina: an impact evaluation," Small Business Economics, Springer, vol. 46(2), pages 295-309, February.

  26. Robert E. Lucas & Francisco J. Buera & Fernando Alvarez, 2011. "Trade and Idea Flows," 2011 Meeting Papers 984, Society for Economic Dynamics.

    Cited by:

    1. Diego A. Comin & Martí Mestieri, 2013. "Technology Diffusion: Measurement, Causes and Consequences," NBER Working Papers 19052, National Bureau of Economic Research, Inc.
    2. Jess Benhabib & Jesse Perla & Christopher Tonetti, 2012. "Catch-up and Fall-back through Innovation and Imitation," NBER Working Papers 18091, National Bureau of Economic Research, Inc.
    3. Sampson, Thomas, 2016. "Dynamic selection: an idea flows theory of entry, trade and growth," LSE Research Online Documents on Economics 62623, London School of Economics and Political Science, LSE Library.

  27. Francisco Buera & Yongseok Shin, 2010. "Self-Insurance vs. Self-Financing: A Welfare Analysis of the Persistence of Shocks," 2010 Meeting Papers 1153, Society for Economic Dynamics.

    Cited by:

    1. Emin M. Dinlersoz & Henry R. Hyatt & Hubert P. Janicki, 2015. "Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets," Working Papers 15-08, Center for Economic Studies, U.S. Census Bureau.
    2. Fernando Leibovici, 2018. "Financial Development and International Trade," Working Papers 2018-015, Federal Reserve Bank of St. Louis, revised Feb 2021.
    3. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    4. Galina Vereshchagina, 2014. "Serial Entrepreneurship and the Impact of Credit Constraints of Economic Development," 2014 Meeting Papers 1173, Society for Economic Dynamics.
    5. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
    6. Markus Brueckner & Tomoo Kikuchi & George Vachadze, 2016. "Effects of Income Growth on Domestic Saving Rates: The Role of Poverty and Borrowing Constraints," ANU Working Papers in Economics and Econometrics 2016-636, Australian National University, College of Business and Economics, School of Economics.
    7. Allub, Lian & Erosa, Andrés, 2014. "Financial frictions, occupational choice and economic inequality," UC3M Working papers. Economics we1413, Universidad Carlos III de Madrid. Departamento de Economía.
    8. Dan Cao & Wenlan Luo, 2017. "Persistent Heterogeneous Returns and Top End Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 301-326, October.
    9. Ranasinghe, Ashantha, 2017. "Property rights, extortion and the misallocation of talent," European Economic Review, Elsevier, vol. 98(C), pages 86-110.
    10. Nicolas Roys, 2016. "Persistence of Shocks and the Reallocation of Labor," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 109-130, October.
    11. Liu, Fan, 2018. "Macroeconomic effects of microsavings programs for the unbanked," Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 75-99.
    12. David Chivers & Zhigang Feng & Anne Villamil, 2017. "Employment-based Health Insurance and Misallocation: Implications for the Macroeconomy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 125-149, January.
    13. Ashantha Ranasinghe & Diego Restuccia, 2018. "Financial Frictions and the Rule of Law," NBER Working Papers 24546, National Bureau of Economic Research, Inc.
    14. Modalsli, Jørgen Heibø, 2011. "Polarization, Risk and Welfare in General Equilibrium," Memorandum 27/2011, Oslo University, Department of Economics.
    15. Marios Karabarbounis & Patrick Macnamara, 2021. "Misallocation and Financial Frictions: the Role of Long-Term Financing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 44-63, April.
    16. Felipe S. Iachan, 2020. "Capital Budgeting and Risk Taking Under Credit Constraints," Management Science, INFORMS, vol. 66(9), pages 4292-4314, September.
    17. Wang, Chong & Wang, Neng & Yang, Jinqiang, 2016. "Optimal consumption and savings with stochastic income and recursive utility," Journal of Economic Theory, Elsevier, vol. 165(C), pages 292-331.
    18. William B. Hawkins & Jose Mustre-del-Rio, 2012. "Financial frictions and occupational mobility," Research Working Paper RWP 12-06, Federal Reserve Bank of Kansas City.
    19. Marios Karabarbounis & Patrick Macnamara, 2019. "Misallocation and Credit Market Constraints: the Role of Long-Term Financing," Working Paper 19-1, Federal Reserve Bank of Richmond.
    20. Wu, Guiying Laura, 2018. "Capital misallocation in China: Financial frictions or policy distortions?," Journal of Development Economics, Elsevier, vol. 130(C), pages 203-223.
    21. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2020. "Taking Stock of the Evidence on Microfinancial Interventions," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 173-202, May.
    22. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.
    23. Dean Karlan & Robert Darko Osei & Isaac Osei-Akoto & Christopher Udry, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," NBER Working Papers 18463, National Bureau of Economic Research, Inc.
    24. Leandro De Magalhaes & Raul Santaeulalia-Llopis, 2018. "The Consumption, Income, and Wealth of the Poorest: An Empirical Analysis of Economic Inequality in Rural and Urban Sub-Saharan Africa for Macroeconomists," 2018 Meeting Papers 459, Society for Economic Dynamics.
    25. Pubali Chakraborty & Anand Chopra & Lalit Contractor, 2024. "The Equilibrium Impact of Agricultural Support Prices and Input Subsidies," Working Papers 123, Ashoka University, Department of Economics.
    26. Chen Yang & Weitao Shen, 2022. "Non-Financial Enterprises’ Shadow Banking Business and Total Factor Productivity of Enterprises," Sustainability, MDPI, vol. 14(13), pages 1-19, July.
    27. Alvaro Aguirre & Matias Tapia & Lucciano Villacorta, 2021. "Production, Investment and Wealth Dynamics under Financial Frictions: An Empirical Investigation of the Selffinancing Channel," Working Papers Central Bank of Chile 904, Central Bank of Chile.
    28. Diego Restuccia, 2018. "Misallocation and Aggregate Productivity across Time and Space," Working Papers tecipa-608, University of Toronto, Department of Economics.
    29. Sebastian Dyrda & Benjamin Pugsley, 2018. "Taxes, Regulations of Businesses and Evolution of Income Inequality in the US," 2018 Meeting Papers 318, Society for Economic Dynamics.
    30. Sergeyev, Dmitriy & Mehrotra, Neil, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    31. Ek, Chanbora & Wu, Guiying Laura, 2018. "Investment-cash flow sensitivities and capital misallocation," Journal of Development Economics, Elsevier, vol. 133(C), pages 220-230.
    32. Pau Juan-Bartroli & Esteban Mu~noz-Sobrado, 2025. "The sustainability of contribution norms with income dynamics," Papers 2510.26503, arXiv.org.
    33. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
    34. Wulff, Alexander & Heinemann, Maik, 2015. "Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113165, Verein für Socialpolitik / German Economic Association.
    35. Cuberes, David & Schmillen, Achim & Teignier, Marc, 2023. "The aggregate gains of eliminating gender and ethnic gaps in the Malaysian labor market," Journal of Asian Economics, Elsevier, vol. 87(C).
    36. Mehrotra, Neil & Sergeyev, Dmitriy, 2021. "Financial shocks, firm credit and the Great Recession," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 296-315.
    37. Corbae, Dean & Marimon, Ramon, 2011. "Introduction to Incompleteness and Uncertainty in Economics," Journal of Economic Theory, Elsevier, vol. 146(3), pages 775-784, May.
    38. David Cuberes & Marc Teignier, 2012. "Gender Gaps in the Labor Market and Aggregate Productivity," Working Papers 2012017, The University of Sheffield, Department of Economics.
    39. Ahrang Lee, 2013. "Welfare Losses from Financial Frictions: The Role of Fixed Costs," 2013 Meeting Papers 1359, Society for Economic Dynamics.

  28. Buera, Francisco & Primiceri, Giorgio & Monge-Naranjo, Alexander, 2010. "Learning the Wealth of Nations," CEPR Discussion Papers 8030, C.E.P.R. Discussion Papers.

    Cited by:

    1. Magesan, Arvind, 2013. "Human Rights Treaty Ratification of Aid Receiving Countries," World Development, Elsevier, vol. 45(C), pages 175-188.
    2. William W. Olney, 2010. "A Race to the Bottom? Employment Protection and Foreign Direct Investment," Department of Economics Working Papers 2011-02, Department of Economics, Williams College, revised Aug 2013.
    3. Ongena, Steven & Delis, Manthos & Hasan, Iftekhar, 2017. "Democracy and Credit “Democracy Doesn`t Come Cheap†But At Least Credit to Its Corporations Will Be," CEPR Discussion Papers 11840, C.E.P.R. Discussion Papers.
    4. François Facchini & Mickaël Melki, 2013. "Political Ideology and Economic Growth: Evidence from the French Democracy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00917617, HAL.
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    482. Rodrigo Adão & Martin Beraja & Nitya Pandalai-Nayar, 2020. "Technological Transitions with Skill Heterogeneity Across Generations," NBER Working Papers 26625, National Bureau of Economic Research, Inc.
    483. Maskus, Keith E. & Milani, Sahar & Neumann, Rebecca, 2019. "The impact of patent protection and financial development on industrial R&D," Research Policy, Elsevier, vol. 48(1), pages 355-370.
    484. Gabriel A. Madeira & Mailliw Serafim & Sergio Mikio Koyama & Fernando Kuwer, 2025. "Economy-wide consequences of credit subsidies to targeted firms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 80(1), pages 125-169, August.
    485. Tiago Berriel & Rodrigo Abreu, 2015. "Long Term Debt and Credit Crisis in a Liquidity Constrained Economy," Textos para discussão 644, Department of Economics PUC-Rio (Brazil).
    486. Lei Fang, 2009. "Entry barriers, competition, and technology adoption," FRB Atlanta Working Paper 2009-08, Federal Reserve Bank of Atlanta.
    487. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2013. "Family Firm Connections and Entrepreneurial Human Capital in the Process of Development," Mo.Fi.R. Working Papers 89, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    488. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    489. Ascani, Andrea & Bettarelli, Luca & Resmini, Laura & Balland, Pierre-Alexandre, 2020. "Global networks, local specialisation and regional patterns of innovation," Research Policy, Elsevier, vol. 49(8).
    490. Inés Butler & Gabriela Galassi & Hernán Ruffo, 2016. "Public funding for startups in Argentina: an impact evaluation," Small Business Economics, Springer, vol. 46(2), pages 295-309, February.
    491. Daniela Marconi & Christian Upper, 2017. "Capital Misallocation and Financial Development: A Sector-Level Analysis," Temi di discussione (Economic working papers) 1143, Bank of Italy, Economic Research and International Relations Area.
    492. Hernan J. Moscoso-Boedo & Pablo N. D’Erasmo, 2012. "Misallocation, Informality, and Human Capital," Virginia Economics Online Papers 401, University of Virginia, Department of Economics.
    493. D׳Erasmo, Pablo N. & Moscoso Boedo, Hernan J. & Şenkal, Aslı, 2014. "Misallocation, informality, and human capital: Understanding the role of institutions," Journal of Economic Dynamics and Control, Elsevier, vol. 42(C), pages 122-142.
    494. Mallick, Debdulal & Maqsood, Nabeel, 2022. "Capital-labor substitution and misallocation," MPRA Paper 115090, University Library of Munich, Germany.
    495. Olena Ivus & Alireza Naghavi & Larry D. Qiu, 2023. "Migration and Imitation," Economica, London School of Economics and Political Science, vol. 90(357), pages 212-239, January.
    496. Benjamin Moll, 2009. "Creditor Rights, Inequality and Development in a Neoclassical Growth Model," 2009 Meeting Papers 1168, Society for Economic Dynamics.
    497. Francisco J. Buera & Benjamin Moll, 2012. "Aggregate Implications of a Credit Crunch," NBER Working Papers 17775, National Bureau of Economic Research, Inc.
    498. Gheorghe Hurduzeu & Radu Lupu & Iulia Lupu & Adrian Cantemir Calin, 2022. "The Nexus Between Research and Development, Protection of Intellectual Property Rights and Financial Development. A European Perspectiv," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(Special16), pages 970-970, November.
    499. Francesco Manaresi & Mr. Nicola Pierri, 2019. "Credit Supply and Productivity Growth," IMF Working Papers 2019/107, International Monetary Fund.
    500. Minsoo Han, 2013. "Capital Account Openness and the Losses from Financial Frictions," 2013 Meeting Papers 485, Society for Economic Dynamics.
    501. Kim, Hwagyun & Mathur, Vipul & Shin, Jong Kook & Subramanian, Chetan, 2023. "Misallocation of debt and aggregate productivity," Journal of Corporate Finance, Elsevier, vol. 83(C).
    502. Julio Leal, 2018. "Key sectors in Mexico's economic development: a perspective from input-output linkages with sector-specific distortions," 2018 Meeting Papers 571, Society for Economic Dynamics.
    503. Lance Lochner & Alexander Monge-Naranjo, 2012. "Credit Constraints in Education," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20121, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).

  32. Francisco J. Buera & Yongseok Shin, 2009. "Productivity Growth and Capital Flows: The Dynamics of Reforms," NBER Working Papers 15268, National Bureau of Economic Research, Inc.

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    1. Yi Wen, 2011. "Making sense of China’s astronomical foreign reserves," Working Papers 2011-018, Federal Reserve Bank of St. Louis.
    2. Kalemli-Özcan, Sebnem, 2016. "Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances," CEPR Discussion Papers 11314, C.E.P.R. Discussion Papers.
    3. Gente, Karine & León-Ledesma, Miguel A. & Nourry, Carine, 2015. "External constraints and endogenous growth: Why didn't some countries benefit from capital flows?," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 223-249.
    4. Tuochen Li & Dongri Han & Shaosong Feng & Lei Liang, 2019. "Can Industrial Co-Agglomeration between Producer Services and Manufacturing Reduce Carbon Intensity in China?," Sustainability, MDPI, vol. 11(15), pages 1-15, July.
    5. Mr. Luca A Ricci & Mr. Thierry Tressel & Dennis B. S. Reinhardt, 2010. "International Capital Flows and Development: Financial Openness Matters," IMF Working Papers 2010/235, International Monetary Fund.
    6. Xu Tian & Dan Lu & Yan Bai, 2016. "Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation," 2016 Meeting Papers 998, Society for Economic Dynamics.
    7. Yun Jung Kim & Jing Zhang, 2020. "International Capital Flows: Private Versus Public Flows in Developing and Developed Countries," Working Paper Series WP-2020-27, Federal Reserve Bank of Chicago.
    8. Luis Bauluz & Filip Novokmet & Moritz Schularick, 2022. "The Anatomy of the Global Saving Glut," Working Papers halshs-03693216, HAL.
    9. Michaud, Amanda & Rothert, Jacek, 2014. "Optimal borrowing constraints and growth in a small open economy," Journal of International Economics, Elsevier, vol. 94(2), pages 326-340.
    10. Hur, Sewon & Kondo, Illenin O., 2016. "A theory of rollover risk, sudden stops, and foreign reserves," Journal of International Economics, Elsevier, vol. 103(C), pages 44-63.
    11. Sánchez, Elmer, 2013. "Grado de inversión y flujos de inversión directa extranjera a economías emergentes," Working Papers 2013-010, Banco Central de Reserva del Perú.
    12. Nadav Ben Zeev & Tomer Ifergane, 2022. "Firing Restrictions and Economic Resilience: Protect and Survive?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 93-124, January.
    13. Tian Tian & Li Li & Jing Wang, 2022. "The Effect and Mechanism of Agricultural Informatization on Economic Development: Based on a Spatial Heterogeneity Perspective," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    14. Yan Bai & Dan Lu & Xu Tian, 2018. "Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?," NBER Working Papers 24436, National Bureau of Economic Research, Inc.
    15. Lee, Sang Yoon Tim, 2012. "Entrepreneurs, Managers and Inequality," Working Papers 12-15, University of Mannheim, Department of Economics.
    16. Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
    17. Kiminori Matsuyama, 2011. "Institution-Induced Productivity Differences and Patterns of International Capital Flows," Global COE Hi-Stat Discussion Paper Series gd10-179, Institute of Economic Research, Hitotsubashi University.
    18. David Moreno, 2018. "Institutional Quality and Sovereign Flows," Working Papers Central Bank of Chile 816, Central Bank of Chile.
    19. Nalini Prasad, 2025. "The Role of Macro‐Economic Policy in Explaining China's Current Account Surplus," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 377-406, March.
    20. Rey, Hélène & Gourinchas, Pierre-Olivier, 2013. "External Adjustment, Global Imbalances and Valuation Effects," CEPR Discussion Papers 9566, C.E.P.R. Discussion Papers.
    21. Jurgen von Hagen & Haiping Zhang, 2011. "International Capital Flows with Limited Commitment and Incomplete Markets," Working Papers 17-2011, Singapore Management University, School of Economics.
    22. Becerra, O. & Cavallo, E. & Scartascini, C., 2012. "The politics of financial development: The role of interest groups and government capabilities," Journal of Banking & Finance, Elsevier, vol. 36(3), pages 626-643.
    23. Laura Alfaro & Sebnem Kalemli-Ozcan & Vadym Volosovych, 2011. "Sovereigns, Upstream Capital Flows, and Global Imbalances," NBER Working Papers 17396, National Bureau of Economic Research, Inc.
    24. Jurgen von Hagen & Haiping Zhang, 2011. "International Capital Flows and Aggregate Output," Working Papers 20-2011, Singapore Management University, School of Economics.
    25. Melitz, Marc J. & Burstein, Ariel, 2013. "Trade Liberalization and Firm Dynamics," Scholarly Articles 34557509, Harvard University Department of Economics.
    26. Ralph De Haas & Vincent Sterk & Neeltje Van Horen, 2022. "Start-up types and macroeconomic performance in Europe," Bank of England working papers 986, Bank of England.
    27. Schroth, Josef, 2023. "Capital flows and growth across developing countries," Journal of International Money and Finance, Elsevier, vol. 137(C).
    28. Christiane Clemens & Maik Heinemann, 2010. "The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions," DEGIT Conference Papers c015_046, DEGIT, Dynamics, Economic Growth, and International Trade.
    29. Nadav Ben Zeev & Tomer Ifergane, 2019. "Employment Protection Legislation and Economic Resilience: Protect and Survive?," Working Papers 1910, Ben-Gurion University of the Negev, Department of Economics.
    30. Wei Wang, 2021. "Capital reallocation: A tale of two frictions," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(2), pages 179-208, May.
    31. He, Ying & Yu, Changhua, 2025. "Fiscal multipliers, sectoral heterogeneity and reallocation in China," China Economic Review, Elsevier, vol. 93(C).
    32. Francois Gourio & Jianjun Miao, "undated". "Transitional Dynamics of Dividend Tax Reform," Boston University - Department of Economics - Working Papers Series wp2008-021, Boston University - Department of Economics.
    33. Laszlo Tetenyi, 2021. "Trade, Misallocation, and Capital Market Integration," Working Papers w202119, Banco de Portugal, Economics and Research Department.
    34. Ibrahim A. Adekunle & Ayomide O. Ogunade & Toluwanimi G. Kalejaiye & Adewale M. Balogun, 2020. "Capital Inflow and Industrial Performance in Nigeria: Including the Excluded," Research Africa Network Working Papers 20/021, Research Africa Network (RAN).
    35. Pengfei Wang & Yi Wen & Zhiwei Xu, 2012. "Two-way capital flows and global imbalances: a neoclassical approach," Working Papers 2012-016, Federal Reserve Bank of St. Louis.
    36. Tetenyi, Laszlo, 2019. "Trade, misallocation, and capital market integration," IWH-CompNet Discussion Papers 8/2019, Halle Institute for Economic Research (IWH).
    37. Gourinchas, Pierre-Olivier & Rey, Hélène, 2014. "External Adjustment, Global Imbalances, Valuation Effects," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 585-645, Elsevier.
    38. Jacek Rothert & Jacob Short, 2014. "Non-Traded Goods and Capital Flows to Developing Countries," Departmental Working Papers 47, United States Naval Academy Department of Economics.
    39. Epstein, Brendan & Finkelstein Shapiro, Alan, 2017. "Banking and Financial Participation Reforms, Labor Markets, and Financial Shocks," MPRA Paper 88697, University Library of Munich, Germany.
    40. Michael Joffe, 2017. "Causal theories, models and evidence in economics—some reflections from the natural sciences," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1280983-128, January.
    41. Ina Simonovska & Espen Henriksen, 2013. "Time-Varying Risk Premia and Capital Flows to Developing Countries," 2013 Meeting Papers 1258, Society for Economic Dynamics.
    42. Francois Gourio & Jianjun Miao, 2011. "Transitional Dynamics of Dividend and Capital Gains Tax Cuts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(2), pages 368-383, April.
    43. George Alessandria & Horag Choi & Dan Lu, 2017. "Trade Integration and the Trade Balance in China," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(3), pages 633-674, August.
    44. Bojan Obrenovic & Jianguo Du & Danijela Godinic & Diana Tsoy & Muhammad Aamir Shafique Khan & Ilimdorjon Jakhongirov, 2020. "Sustaining Enterprise Operations and Productivity during the COVID-19 Pandemic: “Enterprise Effectiveness and Sustainability Model”," Sustainability, MDPI, vol. 12(15), pages 1-27, July.
    45. Dennis Reinhardt, 2010. "Into the Allocation Puzzle - A sectoral analysis," IHEID Working Papers 14-2010, Economics Section, The Graduate Institute of International Studies.
    46. Andrzej Wojtyna, 2017. "Nowa faza dyskusji o kontroli międzynarodowych przepływów kapitału," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 6, pages 5-29.
    47. Jae wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers id:12916, eSocialSciences.
    48. Hongyun Han & Shuang Lin, 2019. "Government Size and Regional Capital Flows in China," Sustainability, MDPI, vol. 11(23), pages 1-19, November.
    49. Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2018. "Capital Flows in an Aging World," Working Papers hal-03393116, HAL.
    50. Rui Castro & Gian Clementi, 2009. "The economic effects of improving investor rights in Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 8(2), pages 59-97, August.
    51. Margaux MacDonald, 2015. "Patterns of International Capital Flows and Productivity Growth: New Evidence," Review of International Economics, Wiley Blackwell, vol. 23(5), pages 846-872, November.
    52. Gourinchas, Pierre-Olivier & Rey, Hélène, 2014. "Chapter 10 External Adjustment, Global Imbalances, Valuation Effects," Department of Economics, Working Paper Series qt42k8h7mp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    53. Salvatore Dell’Erba & Dennis Reinhardt, 2011. "Surfing the Capital Waves: A sector-level examination of surges in FDI inflows," Working Papers 11.07, Swiss National Bank, Study Center Gerzensee.
    54. Alan Finkelstein Shapiro & Brendan Epstein, 2018. "Banking and Financial Access Reforms, Labor Markets, and Financial Shocks," 2018 Meeting Papers 2, Society for Economic Dynamics.
    55. Wojtyna, Andrzej, . "Nowa faza dyskusji o kontroli międzynarodowych przepływów kapitału," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2017(6).
    56. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    57. Damiano Sandri, 2014. "Growth and Capital Flows with Risky Entrepreneurship," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(3), pages 102-123, July.
    58. George-Marios Angeletos & Vasia Panousi, 2011. "Financial Integration, Entrepreneurial Risk and Global Imbalances," NBER Working Papers 16761, National Bureau of Economic Research, Inc.
    59. Delalibera, Bruno R. & Pereira, Luciene & Rios, Heron & Serrano-Quintero, Rafael, 2024. "Capital misallocation and economic development in a dynamic open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    60. Wulff, Alexander & Heinemann, Maik, 2015. "Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113165, Verein für Socialpolitik / German Economic Association.
    61. José De Gregorio, 2018. "Productivity in Emerging Market Economies: Slowdown or Stagnation?," Working Papers wp471, University of Chile, Department of Economics.
    62. Nadav Ben Zeev, 2018. "The Tfp Channel Of Credit Supply Shocks," Working Papers 1802, Ben-Gurion University of the Negev, Department of Economics.
    63. Jacek Rothert & Jacob Short, 2023. "Non-Traded Goods, Factor Markets Frictions, and International Capital Flows," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 158-177, April.
    64. Das, Debasish Kumar, 2012. "Determinants of current account imbalances in the global economy: A dynamic panel analysis," MPRA Paper 42419, University Library of Munich, Germany.
    65. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2020. "The Micro and Macro Dynamics of Capital Flows," NBER Working Papers 27371, National Bureau of Economic Research, Inc.

  33. Francisco J. Buera & Joseph P. Kaboski, 2008. "Scale and the origins of structural change," Working Paper Series WP-08-06, Federal Reserve Bank of Chicago.

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    1. Daniela Vidart, 2021. "Human Capital, Female Employment, and Electricity: Evidence from the Early 20th Century United States," Working papers 2021-08, University of Connecticut, Department of Economics, revised Sep 2022.
    2. Zhangqi Zhong & Lingyun He, 2022. "Macro-Regional Economic Structural Change Driven by Micro-founded Technological Innovation Diffusion: An Agent-Based Computational Economic Modeling Approach," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 471-525, February.
    3. Tempesti, Tommaso, 2018. "Workers’ Health and Establishment Size," MPRA Paper 87654, University Library of Munich, Germany.
    4. Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Ákos, 2014. "Growth and Structural Transformation," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 855-941, Elsevier.
    5. Boppart, Timo & Alder, Simon & Müller, Andreas, 2019. "A theory of structural change that can fit the data," CEPR Discussion Papers 13469, C.E.P.R. Discussion Papers.
    6. Jing, Chunxiao & Foltz, Jeremy D., 2024. "Can the Service Sector Lead Structural Transformation in Africa? Evidence from Côte d'Ivoire," 2024 Annual Meeting, July 28-30, New Orleans, LA 343566, Agricultural and Applied Economics Association.
    7. Edgar Cruz & Xavier Raurich, 2018. "Leisure Time and the Sectoral Composition of Employment," UB School of Economics Working Papers 2018/373, University of Barcelona School of Economics.
    8. Claudia Olivetti, 2014. "The Female Labor Force and Long-Run Development: The American Experience in Comparative Perspective," NBER Chapters, in: Human Capital in History: The American Record, pages 161-197, National Bureau of Economic Research, Inc.
    9. Shankar Ghimire & Bharat Singh Thapa & Rong Zheng, 2025. "Microfinance for change: how financial innovation enables structural transformation," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-20, December.
    10. Danilo Carullo & Paolo Di Caro & Ugo Fratesi, 2025. "The role of employment, labour productivity and trade linkages in the evolution of European regional disparities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(1), pages 1-30, March.
    11. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    12. Francisco ALVAREZ-CUADRADO & Ngo Van LONG & Markus POSCHKE, 2014. "Capital-Labor Substitution, Structural Change and the Labor Income Share," Cahiers de recherche 01-2014, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    13. Timothy J. Kehoe & Felipe Meza, 2011. "Catch-up Growth Followed by Stagnation: Mexico, 1950-2010," NBER Working Papers 17700, National Bureau of Economic Research, Inc.
    14. Naudé, Wim & Szirmai, Adam, 2012. "The importance of manufacturing in economic development: Past, present and future perspectives," MERIT Working Papers 2012-041, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    15. Ana Maria Santacreu & Heting Zhu, 2018. "Manufacturing and Service Sector Roles in the Evolution of Innovation and Productivity," Economic Synopses, Federal Reserve Bank of St. Louis, issue 2, pages 1-3.
    16. Benjamin Bridgman, 2013. "Home Productivity," BEA Working Papers 0091, Bureau of Economic Analysis.
    17. Salome Baslandze, 2015. "The Role of the IT Revolution in Knowledge Diffusion, Innovation and Reallocation," 2015 Meeting Papers 1488, Society for Economic Dynamics.
    18. Ezra Oberfield & Devesh Raval, 2012. "Micro data and macro technology," Working Paper Series WP-2012-11, Federal Reserve Bank of Chicago.
    19. Popov, Alexander & Zaharia, Sonia, 2019. "Credit market competition and the gender gap in labor force participation: Evidence from local markets," European Economic Review, Elsevier, vol. 115(C), pages 25-59.
    20. David Krisztián Nagy, 2020. "Hinterlands, city formation and growth: evidence from the U.S. westward expansion," Economics Working Papers 1717, Department of Economics and Business, Universitat Pompeu Fabra.
    21. Radek Stefanski, 2017. "Velocity in the Long Run: Money and Structural Transformation," 2017 Meeting Papers 168, Society for Economic Dynamics.
    22. Takeo Hori & Noriko Mizutani & Taisuke Uchino, 2018. "Endogenous structural change, aggregate balanced growth, and optimality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(1), pages 125-153, January.
    23. Tasso Adamopoulos & Diego Restuccia, 2013. "The Size Distribution of Farms and International Productivity Differences," Working Papers tecipa-480, University of Toronto, Department of Economics.
    24. Barry Eichengreen & Poonam Gupta, 2009. "The Two Waves of Service-Sector Growth," Development Economics Working Papers 22914, East Asian Bureau of Economic Research.
    25. Ho, Chi Pui, 2015. "Population growth and structural transformation," MPRA Paper 68014, University Library of Munich, Germany.
    26. Lin, Justin Yifu & Liu, Zhengwen & Zhang, Bo, 2023. "Endowment, technology choice, and industrial upgrading," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 364-381.
    27. Paolo Epifani & Gino Gancia, 2016. "Global Imbalances Revisited: The Transfer Problem and Transport Costs in Monopolistic Competition," Working Papers 864, Barcelona School of Economics.
    28. Timothy Kehoe & Felipe Meza, 2011. "Catch-up Growth Followed by Stagnation: Mexico 1950–2008," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 48(2), pages 227-268.
    29. Lifeng Zhang, 2015. "A Multi-sector Model of Public Expenditure and Growth," Journal of Economics, Springer, vol. 115(1), pages 73-93, May.
    30. Uy, Timothy & Yi, Kei-Mu & Zhang, Jing, 2013. "Structural change in an open economy," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 667-682.
    31. Guriev, Sergei & Tsyvinski, Aleh & Golosov, Mikhail & Cheremukhin, Anton, 2013. "Was Stalin Necessary for Russia?s Economic Development?," CEPR Discussion Papers 9669, C.E.P.R. Discussion Papers.
    32. Liao, Junmin, 2020. "The rise of the service sector in China," China Economic Review, Elsevier, vol. 59(C).
    33. Mar√≠a Adelaida Ortega, 2018. "Conectando mercados: v√≠as rurales y producci√≥n agr√≠cola en el contexto de una econom√≠a dual," Documentos CEDE 16818, Universidad de los Andes, Facultad de Economía, CEDE.
    34. Chi Pui Ho, 2024. "Towards a More Complete Theory of Structural Transformation," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 289-326, May.
    35. University of Minnesota & Radoslaw Stefanski, 2009. "Structural Transformation and the Oil Price," 2009 Meeting Papers 1050, Society for Economic Dynamics.
    36. Kim, Bae-Geun, 2023. "Technological advances in manufacturing and their effects on sectoral employment in the Korean economy," Economic Modelling, Elsevier, vol. 126(C).
    37. Duernecker, Georg & Herrendorf, Berthold, 2018. "On the allocation of time – A quantitative analysis of the roles of taxes and productivities," European Economic Review, Elsevier, vol. 102(C), pages 169-187.
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    39. Kiminori Matsuyama, 2009. "Structural Change in an Interdependent World: A Global View of Manufacturing Decline," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 478-486, 04-05.
    40. Ehmer, Philipp & Gottschalk, Felix, 2010. "Wachstumsperspektiven im Strukturwandel: Neue Branchencluster entstehen," Research Notes 34, Deutsche Bank Research.
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    42. Douglas Gollin & Richard Rogerson, 2014. "Agriculture, Roads, and Economic Development in Uganda," NBER Chapters, in: African Successes, Volume IV: Sustainable Growth, pages 69-110, National Bureau of Economic Research, Inc.
    43. Ju, Jiandong & Lin, Justin Yifu & Wang, Yong, 2015. "Endowment structures, industrial dynamics, and economic growth," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 244-263.
    44. Francisco J. Buera & Joseph P. Kaboski, 2009. "The Rise of the Service Economy," NBER Working Papers 14822, National Bureau of Economic Research, Inc.
    45. Pi, Jiancai & Zhang, Pengqing, 2018. "Structural change and wage inequality," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 699-707.
    46. Amaia Iza, 2020. "Entrepreneurial Skills, Technological Progress, and Firm Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1374-1402, October.
    47. Kevin Genna & Christian Ghiglino & Kazuo Nishimura & Alain Venditti, 2021. "Knowledge-Based Structural Change," Working Papers halshs-03164854, HAL.
    48. Chien-Chiang Lee & En-Ze Wang, 2021. "Economic Complexity and Income Inequality: Does Country Risk Matter?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(1), pages 35-60, February.
    49. Thomas J. Holmes & John J. Stevens, 2010. "An alternative theory of the plant size distribution with an application to trade," Finance and Economics Discussion Series 2010-30, Board of Governors of the Federal Reserve System (U.S.).
    50. Yang Tang & Ping Wang & Carlos Garriga, 2014. "Rural-Urban Migration, Structural Change, and Housing Markets in China," 2014 Meeting Papers 765, Society for Economic Dynamics.
    51. Salome Baslandze, 2016. "The Role of the IT Revolution in Knowledge Di ffusion, Innovation and Reallocation," 2016 Meeting Papers 1509, Society for Economic Dynamics.
    52. Sposi, Michael, 2019. "Evolving comparative advantage, sectoral linkages, and structural change," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 75-87.
    53. Jong-Wha Lee & Warwick J. McKibbin, 2014. "Service Sector Productivity and Economic Growth in Asia," ADBI Working Papers 490, Asian Development Bank Institute.
    54. Christian Ghiglino & Kazuo Nishimura & Alain Venditti, 2018. "Non-Balanced Endogenous Growth and Structural Change: When Romer Meets Kaldor and Kuznets," Working Papers halshs-01934872, HAL.
    55. M. Isabel Sánchez-Hernández & Dolores Gallardo-Vázquez & Agnieszka Barcik & Piotr Dziwiński, 2016. "The Effect of the Internal Side of Social Responsibility on Firm Competitive Success in the Business Services Industry," Sustainability, MDPI, vol. 8(2), pages 1-15, February.
    56. Ms. Longmei Zhang, 2016. "Rebalancing in China—Progress and Prospects," IMF Working Papers 2016/183, International Monetary Fund.
    57. Baccianti, Claudio, 2013. "Estimation of sectoral elasticities of substitution along the international technology frontier," ZEW Discussion Papers 13-092, ZEW - Leibniz Centre for European Economic Research.
    58. Samuel E. Henly & Juan M. Sanchez, 2009. "The U.S. establishment-size distribution: secular changes and sectoral decomposition," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Fall), pages 419-454.
    59. Francisco J. Buera & Joseph P. Kaboski & Min Qiang Zhao, 2013. "The Rise of Services: the Role of Skills, Scale, and Female Labor Supply," NBER Working Papers 19372, National Bureau of Economic Research, Inc.
    60. Michelle Rendall, 2018. "Female Market Work, Tax Regimes, and the Rise of the Service Sector," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 28, pages 269-289, April.
    61. Carlos Garriga & Yang Tang & Ping Wang, 2014. "Rural-Urban Migration, Structural Transformation, and Housing Markets in China," Working Papers 2014-28, Federal Reserve Bank of St. Louis.
    62. Roberto Samaniego & Juliana Sun, 2016. "Productivity Growth and Structural Transformation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 266-285, July.
    63. Robert Shimer, 2009. "Comment on "The Timing of Labor Market Expansions: New Facts and a New Hypothesis"," NBER Chapters, in: NBER Macroeconomics Annual 2008, Volume 23, pages 59-71, National Bureau of Economic Research, Inc.
    64. Cruz, Edgar, 2018. "Kuznets meets Lucas: Structural Change and Human Capital," MPRA Paper 88246, University Library of Munich, Germany.
    65. Kapur, Basant K., 2012. "Progressive services, asymptotically stagnant services, and manufacturing: Growth and structural change," Journal of Economic Dynamics and Control, Elsevier, vol. 36(9), pages 1322-1339.
    66. Min Qiang (Kent) Zhao & Joseph Kaboski & Francisco Buera, 2013. "Quantifying the Growth in Services: the Role of Skills, Scale, and Female Labor Supply," 2013 Meeting Papers 277, Society for Economic Dynamics.
    67. Huang, Zongye, 2011. "The Decline of the U.S. Manufacturing: An Explanation from Structural Change," MPRA Paper 29919, University Library of Munich, Germany.
    68. Ms. Era Dabla-Norris & Mr. Alun H. Thomas & Mr. Rodrigo Garcia-Verdu & Ms. Yingyuan Chen, 2013. "Benchmarking Structural Transformation Across the World," IMF Working Papers 2013/176, International Monetary Fund.
    69. Manuel García-Santana, 2013. "Foreign Firms, Distribution of Income, and the Welfare of Developing Countries," 2013 Meeting Papers 1044, Society for Economic Dynamics.
    70. Johansson, Anders C. & Wang, Xun, 2011. "Financial Repression And Structural Imbalances," Working Paper Series 2011-19, Stockholm School of Economics, China Economic Research Center.
    71. Roberto Samaniego, 2013. "Stages of Diversification and Industry Productivity Differences," 2013 Meeting Papers 774, Society for Economic Dynamics.

  34. Fernando E. Alvarez & Francisco J. Buera & Robert E. Lucas, Jr., 2008. "Models of Idea Flows," NBER Working Papers 14135, National Bureau of Economic Research, Inc.

    Cited by:

    1. Klaus Desmet & Esteban Rossi-Hansberg, 2014. "Spatial Development," American Economic Review, American Economic Association, vol. 104(4), pages 1211-1243, April.
    2. Jean Imbs & Basile Grassi, 2015. "Why Do Risky Sectors Grow Fast?," 2015 Meeting Papers 449, Society for Economic Dynamics.
    3. Jonathan Chiu & Césaire Meh & Randall Wright, 2011. "Innovation and Growth with Financial, and Other, Frictions," Staff Working Papers 11-25, Bank of Canada.
    4. Thomas F. Hellmann & Enrico C. Perotti, 2011. "The Circulation of Ideas in Firms and Markets," NBER Working Papers 16943, National Bureau of Economic Research, Inc.
    5. Meir Russ, 2017. "The Trifurcation of the Labor Markets in the Networked, Knowledge-Driven, Global Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 672-703, June.
    6. Basile Grassi & Vasco Carvalho, 2015. "Firm Dynamics and the Granular Hypothesis," 2015 Meeting Papers 617, Society for Economic Dynamics.
    7. Jess Benhabib & Jesse Perla & Christopher Tonetti, 2017. "Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier," NBER Working Papers 23095, National Bureau of Economic Research, Inc.
    8. Edwin Lai, 2013. "Cumulative Innovation, Growth and Welfare-Improving Patent Policy," 2013 Meeting Papers 854, Society for Economic Dynamics.
    9. Santiago Caicedo, 2019. "Note on Idea Diffusion Models with Cohort Structures," Economica, London School of Economics and Political Science, vol. 86(342), pages 396-408, April.
    10. Erzo G. J. Luttmer, 2015. "An Assignment Model of Knowledge Diffusion and Income Inequality," Staff Report 509, Federal Reserve Bank of Minneapolis.
    11. Erzo G. J. Luttmer, 2012. "Eventually, noise and imitation implies balanced growth," Working Papers 699, Federal Reserve Bank of Minneapolis.
    12. Alexander Monge-Naranjo, 2012. "Knowledge Spillovers and The Optimal Taxation of Multinational Firms," 2012 Meeting Papers 593, Society for Economic Dynamics.
    13. Staley, Mark, 2011. "Growth and the diffusion of ideas," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 470-478.
    14. Robert E. Lucas, Jr. & Benjamin Moll, 2011. "Knowledge Growth and the Allocation of Time," NBER Working Papers 17495, National Bureau of Economic Research, Inc.
    15. Robert E. Lucas, Jr., 2008. "Ideas and Growth," NBER Working Papers 14133, National Bureau of Economic Research, Inc.
      • Robert E. Lucas, 2009. "Ideas and Growth," Economica, London School of Economics and Political Science, vol. 76(301), pages 1-19, February.
    16. Erzo G. J. Luttmer, 2015. "Four Models of Knowledge Diffusion and Growth," Working Papers 724, Federal Reserve Bank of Minneapolis.
    17. Zilibotti, Fabrizio & Lorenz, Jan & Koenig, Michael, 2012. "Innovation vs imitation and the evolution of productivity distributions," CEPR Discussion Papers 8843, C.E.P.R. Discussion Papers.
    18. Keller, Wolfgang & Hovhannisyan, Nune, 2010. "International Business Travel: An Engine of Innovation?," CEPR Discussion Papers 7829, C.E.P.R. Discussion Papers.
    19. Alexander Monge-Naranjo, 2016. "Markets, Externalities, and the Dynamic Gains of Openness," Working Papers 2016-23, Federal Reserve Bank of St. Louis.
    20. Erzo G. J. Luttmer, 2010. "Models of Growth and Firm Heterogeneity," Working Papers 2010-1, University of Minnesota, Department of Economics.
    21. Ezra Oberfield & Francisco Buera, 2016. "The Global Diffusion of Ideas," 2016 Meeting Papers 1538, Society for Economic Dynamics.
    22. Nelson Lind & Natalia Ramondo, 2018. "Innovation, Knowledge Diffusion, and Globalization," NBER Working Papers 25071, National Bureau of Economic Research, Inc.
    23. David de la Croix & Matthias Doepke & Joel Mokyr, 2018. "Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Preindustrial Economy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 1-70.
    24. Nan Li & Jie Cai & Ana Maria Santacreu, 2017. "Knowledge Diffusion and Trade across Countries and Sectors," 2017 Meeting Papers 692, Society for Economic Dynamics.
    25. Alexander Monge-Naranjo, 2012. "Foreign firms and the diffusion of knowledge," Working Papers 2012-055, Federal Reserve Bank of St. Louis.
    26. Nelson Lind & Natalia Ramondo, 2019. "Global Innovation and Knowledge Diffusion," 2019 Meeting Papers 1364, Society for Economic Dynamics.
    27. Alexander Monge-Naranjo, 2016. "Openness and the Optimal Taxation of Foreign Know-How," Working Papers 2016-20, Federal Reserve Bank of St. Louis.
    28. Ezra Oberfield, 2011. "Business networks, production chains and productivity: A theory of input-output architecture," Working Paper Series WP-2011-12, Federal Reserve Bank of Chicago.
    29. Jie Cai & Nan Li & Ana Maria Santacreu, 2017. "Knowledge Diffusion, Trade and Innovation across Countries and Sectors," Working Papers 2017-029, Federal Reserve Bank of St. Louis, revised 28 Feb 2020.
    30. Gao, Yijin, 2020. "Knowledge Diffusion and economic Growth based on Fourier’s law," Research in Economics, Elsevier, vol. 74(2), pages 174-185.
    31. Sampson, Thomas, 2016. "Dynamic selection: an idea flows theory of entry, trade and growth," LSE Research Online Documents on Economics 62623, London School of Economics and Political Science, LSE Library.

  35. Francisco J. Buera & Yongseok Shin, 2006. "Financial Frictions and the Persistence of History," 2006 Meeting Papers 792, Society for Economic Dynamics.

    Cited by:

    1. Francisco J. Buera & Joseph P. Kaboski, 2008. "Scale and the origins of structural change," Working Paper Series WP-08-06, Federal Reserve Bank of Chicago.
    2. Yaqing Han & Qiangqiang Wang & Yushui Li, 2023. "Does Financial Resource Misallocation Inhibit the Improvement of Green Development Efficiency? Evidence from China," Sustainability, MDPI, vol. 15(5), pages 1-21, March.
    3. Yanos Zylberberg, 2011. "Capital misallocation and credit constraints: Theory and evidence from natural," PSE Working Papers halshs-00607212, HAL.
    4. Yanos Zylberberg, 2011. "Capital misallocation and credit constraints: Theory and evidence from natural," Working Papers halshs-00607212, HAL.

  36. Juan Pablo Nicolini & Francisco Buera, 2002. "Optimal Maturity of Governement Debt without state contingent bonds," Department of Economics Working Papers 016, Universidad Torcuato Di Tella.

    Cited by:

    1. Boris Chafwehé & Rigas Oikonomou & Romanos Priftis & Lukas Vogel, 2021. "(Optimal) Monetary Policy with and without Debt," Staff Working Papers 21-5, Bank of Canada.
    2. Marcet, Albert & Scott, Andrew & Faraglia, Elisa, 2014. "Modelling Long Bonds - The Case of Optimal Fiscal Policy," CEPR Discussion Papers 9965, C.E.P.R. Discussion Papers.
    3. Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting under Alternative Fiscal Regimes," NBER Working Papers 12158, National Bureau of Economic Research, Inc.
    4. Mr. Michael Kumhof & Mr. Evan C Tanner, 2005. "Government Debt: A Key Role in Financial Intermediation," IMF Working Papers 2005/057, International Monetary Fund.
    5. Howard Kung & Gonzalo Morales & Alexandre Corhay, 2017. "Fiscal Discount Rates and Debt Maturity," 2017 Meeting Papers 840, Society for Economic Dynamics.
    6. Pierre Yared & Ricardo Nunes & Davide Debortoli, 2020. "Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey," Working Papers 1144, Barcelona School of Economics.
    7. ,, 2018. "Financial Policy," CEPR Discussion Papers 12755, C.E.P.R. Discussion Papers.
    8. Equiza-Goñi, Juan, 2016. "Government debt maturity and debt dynamics in euro area countries," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 292-311.
    9. Javier Bianchi & César Sosa-Padilla, 2020. "Reserve Accumulation, Macroeconomic Stabilization, and Sovereign Risk," NBER Working Papers 27323, National Bureau of Economic Research, Inc.
    10. Michele Manna & Emmanuela Bernardini & Mauro Bufano & Davide Dottori, 2013. "Modelling public debt strategies," Questioni di Economia e Finanza (Occasional Papers) 199, Bank of Italy, Economic Research and International Relations Area.
    11. Leeper, E.M. & Leith, C., 2016. "Understanding Inflation as a Joint Monetary–Fiscal Phenomenon," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2305-2415, Elsevier.
    12. Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2022. "Optimal Monetary Policy Rules in the Fiscal Theory of the Price Level," LIDAM Discussion Papers IRES 2022026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    13. Beetsma, Roel & Giuliodori, Massimo & Hanson, Jesper & de Jong, Frank, 2021. "The maturity of sovereign debt issuance in the euro area," Journal of International Money and Finance, Elsevier, vol. 110(C).
    14. Raquel Fernández & Alberto Martin, 2014. "The Long and the Short of It: Sovereign Debt Crises and Debt Maturity," NBER Working Papers 20786, National Bureau of Economic Research, Inc.
    15. Dottori, Davide & Manna, Michele, 2016. "Strategy and tactics in public debt management," Journal of Policy Modeling, Elsevier, vol. 38(1), pages 1-25.
    16. Bernardino Adão & Isabel Correia & Pedro Teles, 2010. "Short and long interest rate targets," Working Papers 680, Federal Reserve Bank of Minneapolis.
    17. Campbell Leith & Eric Leeper, 2016. "Understanding Inflation as a Joint Monetary-Fiscal Phenomenon," Working Papers 2016_01, Business School - Economics, University of Glasgow.
    18. Hanno Lustig, 2005. "Does the US government Hedge against Defense Expenditure Risk? (joint with Chris Sleet and Sevin Yeltekin)," UCLA Economics Online Papers 356, UCLA Department of Economics.
    19. Jean-Paul Renne, 2009. "Frequency-domain analysis of debt service in a macro-finance model for the euro area," Working papers 261, Banque de France.
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    21. Guido Sandleris & Mark J.L Wright, 2013. "GDP-Indexed Bonds: A Tool to Reduce Macroeconomic Risk?," Business School Working Papers 2013-02, Universidad Torcuato Di Tella.
    22. Nada Azmy Elberry & Frank Naert & Stijn Goeminne, 2023. "Optimal public debt composition during debt crises: A review of theoretical literature," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 351-376, April.
    23. Angelopoulos, Konstantinos & Asimakopoulos, Stylianos & Malley, James, 2014. "Tax smoothing in a business cycle model with capital-skill complementarity," SIRE Discussion Papers 2014-017, Scottish Institute for Research in Economics (SIRE).
    24. Cristina Arellano & Ananth Ramanarayanan, 2008. "Default and the maturity structure in sovereign bonds," Staff Report 410, Federal Reserve Bank of Minneapolis.
    25. Albert Marcet & Thomas J. Sargent & Juha Seppala, 1996. "Optimal taxation without state-contingent debt," Economics Working Papers 170, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2001.
    26. Saki Bigio & Galo Nuño & Juan Passadore, 2019. "Debt-Maturity Management with Liquidity Costs," NBER Working Papers 25808, National Bureau of Economic Research, Inc.
    27. Matthias Fleckenstein & Francis A. Longstaff & Hanno Lustig, 2010. "Why Does the Treasury Issue Tips? The Tips-Treasury Bond Puzzle," NBER Working Papers 16358, National Bureau of Economic Research, Inc.
    28. Javier Bianchi & Juan Carlos Hatchondo & Leonardo Martinez, 2013. "International reserves and rollover risk," Working Paper 13-01, Federal Reserve Bank of Richmond.
    29. Guido Sandleris & Horacio Sapriza & Filippo Taddei, 2009. "Indexed Sovereign Debt: An Applied Framework," Business School Working Papers 2009-01, Universidad Torcuato Di Tella.
    30. Saki Bigio & Galo Nuño & Juan Passadore, 2019. "A framework for debt-maturity management," Working Papers 1919, Banco de España.
    31. Cortés Espada Josué Fernando, 2007. "Optimal Fiscal Policy in a Small Open Economy and the Structure of International Financial Markets," Working Papers 2007-07, Banco de México.
    32. A. Fatas & Mr. Atish R. Ghosh & Ugo Panizza & Mr. Andrea F Presbitero, 2019. "The Motives to Borrow," IMF Working Papers 2019/101, International Monetary Fund.
    33. Juan Sanchez & Rodolfo Manuelli, 2016. "Endogenous Debt Maturity: Liquidity Risk vs. Default Risk," 2016 Meeting Papers 1435, Society for Economic Dynamics.
    34. Niepelt, Dirk, 2014. "Debt maturity without commitment," Journal of Monetary Economics, Elsevier, vol. 68(S), pages 37-54.
    35. Perez, Diego J., 2017. "Sovereign debt maturity structure under asymmetric information," Journal of International Economics, Elsevier, vol. 108(C), pages 243-259.
    36. Teles, Pedro & Tristani, Oreste, 2024. "The monetary financing of a large fiscal shock," Journal of Monetary Economics, Elsevier, vol. 147(S).
    37. Yves Nosbusch, 2008. "Interest Costs and the Optimal Maturity Structure Of Government Debt," Economic Journal, Royal Economic Society, vol. 118(527), pages 477-498, March.
    38. Lustig, Hanno & Sleet, Christopher & Yeltekin, Sevin, 2008. "Fiscal hedging with nominal assets," Journal of Monetary Economics, Elsevier, vol. 55(4), pages 710-727, May.
    39. Hanno Lustig & Christopher Sleet & Sevin Yeltekin, 2005. "Fiscal Hedging and the Yield Curve," NBER Working Papers 11687, National Bureau of Economic Research, Inc.
    40. Adao, Bernardino & Correia, Isabel & Teles, Pedro, 2009. "On the relevance of exchange rate regimes for stabilization policy," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1468-1488, July.
    41. Sofia Bauducco & Francesco Caprioli, 2011. "Optimal Fiscal Policy in a Small Open Economy with Limited Commitment," Working Papers Central Bank of Chile 644, Central Bank of Chile.
    42. Vytautas Valaitis & Alessandro T. Villa, 2024. "A machine learning projection method for macro‐finance models," Quantitative Economics, Econometric Society, vol. 15(1), pages 145-173, January.
    43. Hans J. Blommestein & Anja Hubig, 2012. "A Critical Analysis of the Technical Assumptions of the Standard Micro Portfolio Approach to Sovereign Debt Management," OECD Working Papers on Sovereign Borrowing and Public Debt Management 4, OECD Publishing.
    44. Eidam, Frederik, 2018. "Gap-filling government debt maturity choice," ZEW Discussion Papers 18-025, ZEW - Leibniz Centre for European Economic Research.
    45. Bouakez, Hafedh & Oikonomou, Rigas & Priftis, Romanos, 2018. "Optimal debt management in a liquidity trap," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 5-21.
    46. Patricia Gómez-González, 2015. "Financial innovation in sovereign borrowing and public provision of liquidity," Working Papers 1511, Banco de España.
    47. Pierre Yared & Ricardo Nunes & Davide Debortoli, 2016. "Optimal Time-Consistent Government Debt Maturity," Working Papers 867, Barcelona School of Economics.
    48. Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2021. "Debt Management in a World of Fiscal Dominance," JRC Working Papers on Taxation & Structural Reforms 2021-11, Joint Research Centre.
    49. David Andolfatto & Fernando M. Martin, 2023. "Welfare-enhancing inflation and liquidity premia," Working Papers 2023-001, Federal Reserve Bank of St. Louis, revised Sep 2023.
    50. Begoña Domínguez, 2020. "Sustaining Ramsey plans with one-period bonds," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(2), pages 387-410, September.
    51. Eidam, Frederik, 2020. "Gap-filling government debt maturity choice," ESRB Working Paper Series 110, European Systemic Risk Board.
    52. Basil Guggenheim & Mario Meichle & Thomas Nellen, 2019. "Confederation debt management since 1970," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 155(1), pages 1-23, December.
    53. Sarah Mouabbi & Jean-Paul Renne & Jean-Guillaume Sahuc, 2021. "Debt-Stabilizing Properties of GDP-Linked Securities: A Macro-Finance Perspective," Working papers 844, Banque de France.
    54. Davide Debortoli & Pierre Yared & Ricardo Nunes, 2019. "Optimal Fiscal Policy without Commitment: Beyond Lucas-Stokey," 2019 Meeting Papers 926, Society for Economic Dynamics.
    55. Melecky, Martin, 2012. "Formulation of public debt management strategies: An empirical study of possible drivers," Economic Systems, Elsevier, vol. 36(2), pages 218-234.
    56. Kursat Onder, Yasin, 2016. "Asset backed contracts and sovereign risk," Journal of Economic Behavior & Organization, Elsevier, vol. 132(C), pages 237-252.
    57. Dentler, Alexander & Rossi, Enzo, 2024. "Public debt management announcements: A welfare-theoretic analysis," Economic Modelling, Elsevier, vol. 131(C).
    58. Emmanuel Farhi, 2007. "Capital Taxation and Ownership when Markets are Incomplete," NBER Working Papers 13390, National Bureau of Economic Research, Inc.
    59. Zhengyang Jiang & Hanno Lustig & Stijn Van Nieuwerburgh & Mindy Z. Xiaolan, 2020. "Manufacturing Risk-free Government Debt," NBER Working Papers 27786, National Bureau of Economic Research, Inc.
    60. Equiza-Goñi, Juan & Faraglia, Elisa & Oikonomou, Rigas, 2023. "Union debt management," Journal of International Money and Finance, Elsevier, vol. 130(C).
    61. De Graeve, Ferre & Mazzolini, Giulio, 2023. "The maturity composition of government debt: A comprehensive database," European Economic Review, Elsevier, vol. 154(C).
    62. Thomas Sargent & Mikhail Golosov & David Evans & anmol bhandari, 2014. "Optimal Taxation with Incomplete Markets," 2014 Meeting Papers 1276, Society for Economic Dynamics.
    63. Sanjay K. Chugh, 2005. "Optimal inflation persistence: Ramsey taxation with capital and habits," International Finance Discussion Papers 829, Board of Governors of the Federal Reserve System (U.S.).
    64. Elisa Faraglia & Albert Marcet & Andrew Scott, 2008. "Fiscal Insurance and Debt Management in OECD Economies," Economic Journal, Royal Economic Society, vol. 118(527), pages 363-386, March.
    65. Max Ole Liemen & Olaf Posch, 2022. "FTPL and the Maturity Structure of Government Debt in the New Keynesian Model," CESifo Working Paper Series 9840, CESifo.
    66. Emmanuel Farhi & Jean Tirole, 2017. "Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops," EconPol Working Paper 1, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    67. Mauro Ferreira, 2007. "Debt Maturity in a Small Open Economy Under Inflation Target," EcoMod2007 23900024, EcoMod.
    68. Thomas Sargent & Mikhail Golosov & David Evans & anmol bhandari, 2016. "Fiscal Policy and Debt Management with Incomplete Markets," 2016 Meeting Papers 1284, Society for Economic Dynamics.
    69. Hewei Shen, 2016. "Financial Crises and the Role of Debt Maturity for Emerging Economies," CAEPR Working Papers 2017-012, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    70. Sandro Shelegia & Massimo Motta, 2021. "The 'Kill Zone': Copying, Acquisition and Start-Ups' Direction of Innovation," Working Papers 1253, Barcelona School of Economics.
    71. Lars Peter Hansen & Anastasios G. Karantounias & Thomas J. Sargent, 2009. "Managing expectations and fiscal policy," FRB Atlanta Working Paper 2009-29, Federal Reserve Bank of Atlanta.
    72. Yoosoon Chang & Yongok Choi & Chang Sik Kim & J. Isaac Miller & Joon Y. Park, 2024. "Common Trends and Country Specific Heterogeneities in Long-Run World Energy Consumption," Working Papers No 01/2024, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    73. Yoosoon Chang & Fabio Gomez-Rodriguez & Christian Matthes, 2023. "The Influence of Fiscal and Monetary Policies on the Shape of the Yield Curve," CAEPR Working Papers 2023-008 Classification-E, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    74. Eric M. Leeper & Xuan Zhou, 2013. "Inflation's Role in Optimal Monetary-Fiscal Policy," NBER Working Papers 19686, National Bureau of Economic Research, Inc.
    75. Alessandro Missale, 2012. "Sovereign debt management and fiscal vulnerabilities," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 157-176, Bank for International Settlements.
    76. Siu, Henry E., 2004. "Optimal fiscal and monetary policy with sticky prices," Journal of Monetary Economics, Elsevier, vol. 51(3), pages 575-607, April.
    77. Morten Balling & Ernest Gnan & Johannes Holler & Ulrich Bindseil & Nicolas Sauter & Hans J. Blommestein & Maria Cannata & Juha Kilponen & Alessandro Missale & Ewald Nowotny & Guido Sandleris & Mark L., 2013. "The Future of Sovereign Borrowing in Europe," SUERF Studies, SUERF - The European Money and Finance Forum, number 2013/5 edited by Morten Balling & Ernest Gnan & Johannes Holler, May.
    78. Eduardo Davila & Thomas Philippon, 2018. "Incompleteness Shocks," 2018 Meeting Papers 109, Society for Economic Dynamics.
    79. José-Miguel Cardoso-Costa & Vivien Lewis, 2017. "Fiscal Policy and Inflation in a Monetary Union," Economica, London School of Economics and Political Science, vol. 84(336), pages 779-796, October.
    80. Mankart, Jochen & Priftis, Romanos & Oikonomou, Rigas, 2024. "The long and short of financing government spending," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302414, Verein für Socialpolitik / German Economic Association.
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  37. Francisco Buera & Juan Pablo Nicolini, 2000. "Optimal Maturity of Government Debt with Incomplete Markets," Econometric Society World Congress 2000 Contributed Papers 1769, Econometric Society.

    Cited by:

    1. Elisa Faraglia & Albert Marcet & Andrew Scott, 2011. "In Search of a Theory of Debt Management," CEP Discussion Papers dp1083, Centre for Economic Performance, LSE.
    2. Bank for International Settlements, 2011. "Interactions of sovereign debt management with monetary conditions and financial stability," CGFS Papers, Bank for International Settlements, number 42.
    3. Albert Marcet & Andrew Scott, 2007. "Debt and Deficit Fluctuations and the Structure of Bond Markets," UFAE and IAE Working Papers 728.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

Articles

  1. Francisco J. Buera & Siddhartha Sanghi & Yongseok Shin, 2022. "The Rule of Law, Firm Size, and Family Firms," Economic Synopses, Federal Reserve Bank of St. Louis, issue 19, pages 1-2, June.

    Cited by:

    1. Shaista Wasiuzzaman & Vasanthan Subramaniam, 2023. "Board gender diversity and environmental, social and governance (ESG) disclosure: Is it different for developed and developing nations?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2145-2165, September.
    2. Zhang, Gengquan & Liu, Xiaohan, 2024. "Industrial restructuring and corporate income distribution gap," Finance Research Letters, Elsevier, vol. 67(PB).
    3. Aleksandar B. Todorov, 2023. "Rule of Law and Large Firms Concentration in Southeast Europe," Bulgarian Economic Papers bep-2023-06, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Oct 2023.

  2. Francisco J Buera & Joseph P Kaboski & Yongseok Shin, 2021. "The Macroeconomics of Microfinance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 126-161.
    See citations under working paper version above.
  3. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2020. "Taking Stock of the Evidence on Microfinancial Interventions," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 173-202, May.
    See citations under working paper version above.
  4. Francisco J. Buera & Ezra Oberfield, 2020. "The Global Diffusion of Ideas," Econometrica, Econometric Society, vol. 88(1), pages 83-114, January.
    See citations under working paper version above.
  5. Francisco J. Buera & Juan Pablo Nicolini, 2020. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(3), pages 110-138, July.
    See citations under working paper version above.
  6. Francisco J. Buera & Joseph P. Kaboski & Min Qiang Zhao, 2019. "The Rise of Services: The Role of Skills, Scale, and Female Labor Supply," Journal of Human Capital, University of Chicago Press, vol. 13(2), pages 157-187.
    See citations under working paper version above.
  7. Francisco J. Buera & Yongseok Shin, 2017. "Productivity Growth and Capital Flows: The Dynamics of Reforms," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(3), pages 147-185, July.
    See citations under working paper version above.
  8. Francisco J. Buera & Benjamin Moll, 2015. "Aggregate Implications of a Credit Crunch: The Importance of Heterogeneity," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(3), pages 1-42, July.

    Cited by:

    1. Francesco Manaresi & Nicola Pierri, 2024. "The Asymmetric Effect of Credit Supply on Firm‐Level Productivity Growth," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(4), pages 677-704, June.
    2. Alonso, Cristian, 2018. "Hard vs. soft financial constraints: Implications for the effects of a credit crunch," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 198-223.
    3. Andreasen, Eugenia & Bauducco, Sofía & Dardati, Evangelina, 2024. "Capital controls and firm performance," Journal of International Economics, Elsevier, vol. 150(C).
    4. Gete, Pedro, 2018. "Lending standards and macroeconomic dynamics," Working Paper Series 2207, European Central Bank.
    5. Feng Dong, 2023. "Aggregate Implications of Financial Frictions for Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 45-71, April.
    6. Fernando Leibovici, 2018. "Financial Development and International Trade," Working Papers 2018-015, Federal Reserve Bank of St. Louis, revised Feb 2021.
    7. Mitra, Aruni & Wei, Mengying, 2023. "Long Shadow of the U.S. Mortgage Expansion: Evidence from Local Labour Markets," MPRA Paper 116969, University Library of Munich, Germany.
    8. Florian Gerth & Keisuke Otsu, 2016. "A Post-crisis Slump in Europe: A Business Cycle Accounting Analysis," Studies in Economics 1606, School of Economics, University of Kent.
    9. Francisco J. Buera & Juan Pablo Nicolini, 2017. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," Staff Report 540, Federal Reserve Bank of Minneapolis.
    10. Shirai, Daichi, 2016. "Persistence and Amplification of Financial Frictions," MPRA Paper 72187, University Library of Munich, Germany.
    11. Felipe Meza & Carlos Urrutia & Sangeeta Pratap, 2018. "Credit Conditions, Dynamic Distortions, and Capital Accumulation in Mexican Manufacturing," 2018 Meeting Papers 875, Society for Economic Dynamics.
    12. Oshiro, Jun & Sato, Yasuhiro, 2021. "Industrial structure in urban accounting," Regional Science and Urban Economics, Elsevier, vol. 91(C).
    13. Esposito, Federico & Hassan, Fadi, 2023. "Import competition, trade credit and financial frictions in general equilibrium," LSE Research Online Documents on Economics 121378, London School of Economics and Political Science, LSE Library.
    14. Gita Gopinath & Şebnem Kalemli-Özcan & Loukas Karabarbounis & Carolina Villegas-Sanchez, 2017. "Capital Allocation and Productivity in South Europe," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(4), pages 1915-1967.
    15. António Antunes & Valerio Ercolani, 2020. "Public debt expansions and the dynamics of the household borrowing constraint," Temi di discussione (Economic working papers) 1268, Bank of Italy, Economic Research and International Relations Area.
    16. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benito & Josep Pijoan-Mas, 2022. "Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications," Working Papers wp2022_2203, CEMFI.
    17. Shalini Mitra & Gareth Liu-Evans, 2023. "Intangible Cycles," Working Papers 202302, University of Liverpool, Department of Economics, revised May 2023.
    18. Dou Jiang & Mark Weder, 2021. "American Business Cycles 1889-1913: An Accounting Approach," Economics Working Papers 2021-02, Department of Economics and Business Economics, Aarhus University.
    19. Madeira, Carlos, 2025. "The impact of financial crises on industrial growth in the Middle East and North Africa," Global Finance Journal, Elsevier, vol. 65(C).
    20. Monacelli, Tommas & Sala, Luca & Siena, Daniele, 2018. "Real Interest Rates and Productivity in Small Open Economies," CEPR Discussion Papers 12808, C.E.P.R. Discussion Papers.
    21. Lenzu, Simone & Manaresi, Francesco, 2018. "Do Marginal Products Differ from User Costs? Micro-Level Evidence from Italian Firms," Working Papers 276, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    22. Emin M. Dinlersoz & Henry Hyatt & Ṣebnem Kalemli-Özcan & Veronika Penciakova, 2019. "Leverage over the Firm Life Cycle, Firm Growth, and Aggregate Fluctuations," FRB Atlanta Working Paper 2019-18, Federal Reserve Bank of Atlanta.
    23. Andrea Caggese & Ander Pérez-Orive, 2017. "Capital Misallocation and Secular Stagnation," Finance and Economics Discussion Series 2017-009, Board of Governors of the Federal Reserve System (U.S.).
    24. Pedro Brinca & V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2016. "Accounting for Business Cycles," Staff Report 531, Federal Reserve Bank of Minneapolis.
    25. Luis Araujo & Qingqing Cao & Raoul Minetti & Pierluigi Murro, 2019. "Credit Crunches, Asset Prices and Technological Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 153-179, April.
    26. Queralto, Albert, 2020. "A model of slow recoveries from financial crises," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 1-25.
    27. Nadav Ben Zeev & Tomer Ifergane, 2022. "Firing Restrictions and Economic Resilience: Protect and Survive?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 93-124, January.
    28. Lin Shao, 2025. ""Aggregate Fluctuations and the Role of Trade Credit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    29. Xing Guo & Pablo Ottonello & Thomas Winberry & Toni Whited, 2025. "Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications," Staff Working Papers 25-20, Bank of Canada.
    30. Ryoji Ohdoi, 2023. "Financial shocks to banks, R&D investment, and recessions," Discussion Paper Series 250, School of Economics, Kwansei Gakuin University, revised Aug 2023.
    31. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    32. Guzmán González-Torres & Giacomo Rodano, 2020. "Court efficiency and aggregate productivity: the credit channel," Temi di discussione (Economic working papers) 1287, Bank of Italy, Economic Research and International Relations Area.
    33. In Hwan Jo & Tatsuro Senga, 2016. "Firm Dynamics, Misallocation and Targeted Policies," Working Papers 809, Queen Mary University of London, School of Economics and Finance.
    34. Jose Ignacio Lopez & Virginia Olivella, 2018. "The importance of intangible capital for the transmission of financial shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 223-238, October.
    35. Lee E. Ohanian, 2016. "The Great Recession in the Shadow of the Great Depression: A Review Essay on “Hall of Mirrors: The Great Depression, The Great Recession and the Uses and Misuses Of History”," NBER Working Papers 22239, National Bureau of Economic Research, Inc.
    36. Arce, Óscar & Nuño, Galo & Thaler, Dominik & Thomas, Carlos, 2020. "A large central bank balance sheet? Floor vs corridor systems in a New Keynesian environment," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 350-367.
    37. Tatsuro Senga & Julia Thomas & Aubhik Khan, 2017. "Default Risk and Aggregate Fluctuations in an Economy with Production Heterogeneity," 2017 Meeting Papers 889, Society for Economic Dynamics.
    38. Tong Zhang, 2019. "Haircut Cycles," 2019 Meeting Papers 124, Society for Economic Dynamics.
    39. Federico Cingano & Fadi Hassan, 2020. "International financial flows and misallocation," CEP Discussion Papers dp1697, Centre for Economic Performance, LSE.
    40. Boitier, Vincent, 2020. "Growth and ideas in a perfectly competitive world," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 370-376.
    41. Thomas Grjebine & Jérôme Héricourt & Fabien Tripier, 2019. "Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe: a Tale of Three Countries," EconPol Policy Reports 15, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    42. Priit Jeenas & Josep Pijoan-Mas & Enrique Moral-Benito & Manuel García-Santana & Julian di Giovanni, 2022. "Buy Big or Buy Small? Procurement Policies, Firms' Financing, and the Macroeconomy," Working Papers 1321, Barcelona School of Economics.
    43. Patricio Toro, 2019. "The Persistent Effect of a Credit Crunch on Output and Productivity: Technical or Allocative Efficiency?," Working Papers Central Bank of Chile 837, Central Bank of Chile.
    44. Pesce, Simone & Errico, Marco & Pollio, Luigi, 2025. "Nonlinearities and heterogeneity in firms response to aggregate fluctuations: what can we learn from machine learning?," Working Paper Series 3107, European Central Bank.
    45. Luisa Corrado & Aicha Kharazi, 2022. "Collateral, Household Borrowing, and Income Distribution," BEMPS - Bozen Economics & Management Paper Series BEMPS90, Faculty of Economics and Management at the Free University of Bozen.
    46. Nadav Ben Zeev & Tomer Ifergane, 2019. "Employment Protection Legislation and Economic Resilience: Protect and Survive?," Working Papers 1910, Ben-Gurion University of the Negev, Department of Economics.
    47. Ayumu Ken Kikkawa & Glenn Magerman & Emmanuel Dhyne, 2019. "Imperfect competition in firm-to-firm trade," Working Paper Research 363, National Bank of Belgium.
    48. Andrea Ajello, 2016. "Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations," American Economic Review, American Economic Association, vol. 106(8), pages 2256-2303, August.
    49. Zhang, Lini, 2018. "Credit crunches, individual heterogeneity and the labor wedge," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 65-88.
    50. Andreas Tryphonides, 2020. "Heterogeneity and the Dynamic Effects of Aggregate Shocks," Papers 2007.14022, arXiv.org.
    51. Ohdoi, Ryoji, 2017. "International Transmission of Financial Shocks without Financial Integration," MPRA Paper 83286, University Library of Munich, Germany.
    52. In Hwan Jo & Tatsuro Senga, 2018. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," 2018 Meeting Papers 955, Society for Economic Dynamics.
    53. Andrea Camilli & Marta Giagheddu, 2020. "Public debt and crowding-out: the role of housing wealth," Working Papers 441, University of Milano-Bicocca, Department of Economics, revised Oct 2020.
    54. Sergio Salas, 2018. "On financial deepening and long-run growth," Journal of Economics, Springer, vol. 123(3), pages 249-276, April.
    55. Yagihashi, Takeshi, 2018. "How costly is a misspecified credit channel DSGE model in monetary policymaking?," Economic Modelling, Elsevier, vol. 68(C), pages 484-505.
    56. Jesse Perla & Carolin Pflueger & Michal Szkup, 2020. "Doubling Down on Debt: Limited Liability as a Financial Friction," NBER Working Papers 27747, National Bureau of Economic Research, Inc.
    57. Hansen, G.D. & Ohanian, L.E., 2016. "Neoclassical Models in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130, Elsevier.
    58. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Planet-Level Data," CESifo Working Paper Series 6401, CESifo.
    59. Francesco Menoncin & Andrea Modena & Luca Regis, 2023. "Dynamic Tax Evasion and Capital Misallocation in General Equilibrium," CRC TR 224 Discussion Paper Series crctr224_2023_453, University of Bonn and University of Mannheim, Germany.
    60. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    61. Salas, Sergio & Odell, Kathleen, 2023. "Why are credit-driven crises deep and long-lasting?," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 233-246.
    62. Kame Babilla, Thierry U., 2023. "Digital innovation and financial access for small and medium-sized enterprises in a currency union," Economic Modelling, Elsevier, vol. 120(C).
    63. Jursa, Lukáš & Janků, Jan, 2025. "From the core to the European periphery: Spillover effects of financial cycles," Emerging Markets Review, Elsevier, vol. 68(C).
    64. Alex Clymo, 2018. "Firm Dynamics at the Zero Lower Bound," 2018 Meeting Papers 912, Society for Economic Dynamics.
    65. Tiago Tavares & Alexandros Fakos, 2017. "Heterogeneous Investment Dynamics of Manufacturing Firms," 2017 Meeting Papers 1597, Society for Economic Dynamics.
    66. Yuta Takahashi & Naoki Takayama, 2021. "Firm Growth, Financial Constraints, andPolicy-Based Finance," CIRJE F-Series CIRJE-F-1171, CIRJE, Faculty of Economics, University of Tokyo.
    67. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    68. Felipe Meza & Sangeeta Pratap & Carlos Urrutia, 2019. "Credit, Misallocation and Productivity: A Disaggregated Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 61-86, October.
    69. Straub, Ludwig & Ulbricht, Robert, 2019. "Endogenous second moments: A unified approach to fluctuations in risk, dispersion, and uncertainty," Journal of Economic Theory, Elsevier, vol. 183(C), pages 625-660.
    70. Kalemli-Özcan, Sebnem, 2018. "Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness," CEPR Discussion Papers 13337, C.E.P.R. Discussion Papers.
    71. Shah, Rohan, 2024. "Financial crises with different collateral types," Journal of Economic Dynamics and Control, Elsevier, vol. 166(C).
    72. Thibault Libert, 2017. "Misallocation Before, During and After the Great Recession," Working papers 658, Banque de France.
    73. Song, Hengxu & Yang, Zhongchao & Zhou, Yue, 2023. "Upstream subsidy or downstream subsidy? A quantitative analysis of credit subsidy in China," Economic Modelling, Elsevier, vol. 129(C).
    74. Thomas Grjebine & Jérôme Héricourt & Fabien Tripier, 2023. "Sectoral reallocations, real estate shocks, and productivity divergence in Europe," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 101-132, February.
    75. Ge, Xinyu & Li, Xiao-Lin & Li, Yong & Liu, Yan, 2022. "The driving forces of China's business cycles: Evidence from an estimated DSGE model with housing and banking," China Economic Review, Elsevier, vol. 72(C).
    76. Ai, Hengjie & Li, Kai & Yang, Fang, 2020. "Financial intermediation and capital reallocation," Journal of Financial Economics, Elsevier, vol. 138(3), pages 663-686.
    77. Eugenia Andreasen & Sofia Bauducco & Evangelina Dardati & Enrique G. Mendoza, 2023. "Beware the Side Effects: Capital Controls, Trade, Misallocation andWelfare," PIER Working Paper Archive 23-005, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    78. Thomas Drechsel, 2018. "Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations," 2018 Papers pdr141, Job Market Papers.
    79. Sebastian Dyrda & Benjamin Pugsley, 2018. "Taxes, Regulations of Businesses and Evolution of Income Inequality in the US," 2018 Meeting Papers 318, Society for Economic Dynamics.
    80. Sergeyev, Dmitriy & Mehrotra, Neil, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    81. Macnamara Patrick, 2016. "Understanding entry and exit: a business cycle accounting approach," The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(1), pages 47-91, January.
    82. Carbonari, Lorenzo & Maurici, Filippo, 2023. "Firm heterogeneity, financial frictions and ambiguity," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    83. Toshiaki Ogawa, 2025. "Understanding The Great Recession Through The Banking Sector," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(1), pages 331-361, February.
    84. Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020. "Financial frictions and export dynamics in large devaluations," Journal of International Economics, Elsevier, vol. 122(C).
    85. Ryoji Ohdoi & Kazuo Mino & Yunfang Hu, 2023. "Credit constraints, firm selection, and endogenous growth: The international transmission of a credit crunch via trade," Discussion Paper Series 256-2, School of Economics, Kwansei Gakuin University, revised Apr 2025.
    86. Sangeeta Pratap & Carlos Urrutia & Felipe Meza, 2017. "Credit, Misallocation and Productivity Growth: A Disaggregated Analysis," 2017 Meeting Papers 538, Society for Economic Dynamics.
    87. Holter, Hans & Stepanchuk, Serhiy & Wang, Yicheng, 2023. "Taxation and Entrepreneurship in the United States," Memorandum 2/2023, Oslo University, Department of Economics.
    88. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
    89. Zheng Liu & Pengfei Wang & Zhiwei Xu, 2019. "Interest-Rate Liberalization and Capital Misallocations," Working Paper Series 2017-15, Federal Reserve Bank of San Francisco.
    90. Clymo, AJ, 2017. "Heterogeneous Firms, Wages, and the Effects of Financial Crises," Economics Discussion Papers 20572, University of Essex, Department of Economics.
    91. Beatriz González, 2020. "Macroeconomics, firm dynamics and IPOs," Working Papers 2030, Banco de España.
    92. Bryan Harcy & Can Sever, 2020. "Financial Crises and Innovation," BIS Working Papers 846, Bank for International Settlements.
    93. Michael Donadelli & Vahid Mojtahed & Antonio Paradiso, 2015. "Technological Progress, Investment Frictions and Business Cycle: New Insights from a Neoclassical Growth Model," Working Papers LuissLab 15119, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    94. Andreas Tryphonides, 2017. "Set Identified Dynamic Economies and Robustness to Misspecification," Papers 1712.03675, arXiv.org, revised Jan 2018.
    95. Aubhik Khan & Soyoung Lee, 2023. "Persistent Debt and Business Cycles in an Economy with Production Heterogeneity," Staff Working Papers 23-17, Bank of Canada.
    96. Chanont Banternghansa, 2017. "Multi-Firm Entrepreneurship and Financial Frictions," PIER Discussion Papers 56, Puey Ungphakorn Institute for Economic Research.
    97. Cheng Chen & Tatsuro Senga & Chang Sun & Hongyong Zhang, 2020. "Uncertainty, Imperfect Information, and Expectation Formation over the Firm's Life Cycle," CESifo Working Paper Series 8468, CESifo.
    98. Gao, Yijin, 2020. "Knowledge Diffusion and economic Growth based on Fourier’s law," Research in Economics, Elsevier, vol. 74(2), pages 174-185.
    99. Jean-François Rouillard, 2017. "Credit Crunch and Downward Nominal Wage Rigidities," Cahiers de recherche 17-05, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, revised Apr 2019.
    100. Gallen, Trevor S., 2021. "Predicting and decomposing why representative agent and heterogeneous agent models sometimes diverge," Economic Modelling, Elsevier, vol. 101(C).
    101. Nadav Ben Zeev, 2018. "The Tfp Channel Of Credit Supply Shocks," Working Papers 1802, Ben-Gurion University of the Negev, Department of Economics.
    102. Manuela Magalhâes & Jesús Rodríguez-López, 2025. "Firm Exit and Entry over the Business Cycle in Spain," Working Papers 25.02, Universidad Pablo de Olavide, Department of Economics.
    103. Francisco Buera & Juan Pablo Nicolini, 2019. "Accounting for the Slow Recovery from the Great Recession: The Role of Credit Constraints," 2019 Meeting Papers 492, Society for Economic Dynamics.
    104. Eric Bartelsman & Paloma Lopez-Garcia & Giorgio Presidente, 2018. "Cyclical and Stuctural Variation in Resource Reallocation: Evidence for Europe," Tinbergen Institute Discussion Papers 18-057/VI, Tinbergen Institute.
    105. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," BIS Working Papers 711, Bank for International Settlements.
    106. Bartelsman, Eric & Lopez-Garcia, Paloma & Presidente, Giorgio, 2018. "Cyclical and structural variation in resource allocation: evidence for Europe," Working Paper Series 2210, European Central Bank.
    107. Ben Moll, 2020. "The Research Agenda: Ben Moll on the Rich Interactions between Inequality and the Macroeconomy," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 21(2), November.
    108. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2020. "The Micro and Macro Dynamics of Capital Flows," NBER Working Papers 27371, National Bureau of Economic Research, Inc.
    109. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    110. Fabrice Collard & Omar Licandro, 2025. "The Neoclassical Model and the Welfare Costs of Selection"," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    111. Andreas Tryphonides, 2019. "Qualitative Surveys And Margins Of Adjustment In Heterogeneous Agent Economies," 2019 Meeting Papers 1415, Society for Economic Dynamics.
    112. Christiano, Lawrence, 2022. "Financial frictions in macroeconomics," Journal of International Money and Finance, Elsevier, vol. 122(C).
    113. Jean‐François Rouillard, 2023. "Credit Crunch and Downward Nominal Wage Rigidities," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 889-914, June.
    114. Sarte, Pierre-Daniel & Schwartzman, Felipe & Lubik, Thomas A., 2015. "What inventory behavior tells us about how business cycles have changed," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 264-283.
    115. Wei Cui, 2022. "Macroeconomic Effects of Delayed Capital Liquidation," Journal of the European Economic Association, European Economic Association, vol. 20(4), pages 1683-1742.
    116. Francesco Manaresi & Mr. Nicola Pierri, 2019. "Credit Supply and Productivity Growth," IMF Working Papers 2019/107, International Monetary Fund.

  9. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 409-436, August.
    See citations under working paper version above.
  10. Francisco Buera & Roberto Fattal-Jaef & Yongseok Shin, 2015. "Anatomy of a Credit Crunch: From Capital to Labor Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(1), pages 101-117, January.
    See citations under working paper version above.
  11. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2014. "Macro-perspective on Asset Grants Programs: Occupational and Wealth Mobility," American Economic Review, American Economic Association, vol. 104(5), pages 159-164, May.

    Cited by:

    1. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    2. Blattman, Christopher & Fiala, Nathan & Martinez, Sebastian, 2019. "The long term impacts of grants on poverty: 9-year evidence from Uganda's Youth Opportunities Program," Ruhr Economic Papers 802, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    3. Bandiera, Oriana & Burgess, Robin & Das, Narayan & Gulesci, Selim & Rasul, Imran & Sulaiman, Munshi, 2017. "Labor markets and poverty in village economies," LSE Research Online Documents on Economics 67180, London School of Economics and Political Science, LSE Library.
    4. Tasso Adamopoulos & Diego Restuccia, 2019. "Land Reform and Productivity: A Quantitative Analysis with Micro Data," Working Papers tecipa-637, University of Toronto, Department of Economics.
    5. Lixin Tang, 2020. "Entrepreneur Income Inequality, Aggregate Saving and the Gains from Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 273-295, October.
    6. Diego Restuccia & Raul Santaeulalia-Llopis, 2015. "Land Misallocation and Productivity," Working Papers tecipa-533, University of Toronto, Department of Economics.
    7. Fidrmuc, Jarko & Siddiqui, Martin, 2015. "Institutions and Creative Destruction in CEECs: Determinants of Inefficient Use of Assets," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113201, Verein für Socialpolitik / German Economic Association.
    8. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2020. "Taking Stock of the Evidence on Microfinancial Interventions," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 173-202, May.
    9. Le, Kien, 2020. "Land use restrictions, misallocation in agriculture, and aggregate productivity in Vietnam," Journal of Development Economics, Elsevier, vol. 145(C).
    10. David Lagakos & Mushfiq Mobarak & Michael Waugh, 2018. "The Welfare Effects of Encouraging Rural-Urban Migration," Working Papers 2018-002, Human Capital and Economic Opportunity Working Group.
    11. Nguimkeu, Pierre, 2024. "Credit constraints and delayed entrepreneurship," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 156-180.
    12. Blattman, Chris & Fiala, Nathan & Martinez, Sebastian, 2019. "The long term impacts of grants on poverty: 9-year evidence from Uganda’s Youth Opportunities Program," SocArXiv vctuh, Center for Open Science.

  12. Francisco J. Buera & Yongseok Shin, 2013. "Financial Frictions and the Persistence of History: A Quantitative Exploration," Journal of Political Economy, University of Chicago Press, vol. 121(2), pages 221-272.
    See citations under working paper version above.
  13. Francisco Buera & Benjamin Moll & Yongseok Shin, 2013. "Well-Intended Policies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 216-230, January.
    See citations under working paper version above.
  14. Buera, Francisco J. & Kaboski, Joseph P., 2012. "Scale and the origins of structural change," Journal of Economic Theory, Elsevier, vol. 147(2), pages 684-712.
    See citations under working paper version above.
  15. Francisco J. Buera & Joseph P. Kaboski, 2012. "The Rise of the Service Economy," American Economic Review, American Economic Association, vol. 102(6), pages 2540-2569, October.
    See citations under working paper version above.
  16. Francisco J. Buera & Alexander Monge‐Naranjo & Giorgio E. Primiceri, 2011. "Learning the Wealth of Nations," Econometrica, Econometric Society, vol. 79(1), pages 1-45, January.
    See citations under working paper version above.
  17. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011. "Finance and Development: A Tale of Two Sectors," American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
    See citations under working paper version above.
  18. Buera, Francisco J. & Shin, Yongseok, 2011. "Self-insurance vs. self-financing: A welfare analysis of the persistence of shocks," Journal of Economic Theory, Elsevier, vol. 146(3), pages 845-862, May.
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  19. Francisco Buera & Gaston Navarro & Juan Pablo Nicolini, 2011. "The Argentine Economy after Two Centuries," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 48(2), pages 133-156.

    Cited by:

    1. Ariel Coremberg & Emilio Ocampo, 2025. "When did Argentina lose its way?," CEMA Working Papers: Serie Documentos de Trabajo. 902, Universidad del CEMA.
    2. Joao Ayres & Gaston Navarro & Juan Pablo Nicolini & Pedro Teles, 2015. "Sovereign Default: The Role of Expectations," Working Papers 723, Federal Reserve Bank of Minneapolis.
    3. Alfredo M. Leone & Jorge I. Canales Kriljenko & Rodolfo Maino, 2023. "The Long and Widening Gap: Analyzing Structural Breaks in Argentina’s Economic Decline," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 29(4), pages 243-259, November.

  20. Francisco Buera, 2009. "A dynamic model of entrepreneurship with borrowing constraints: theory and evidence," Annals of Finance, Springer, vol. 5(3), pages 443-464, June.

    Cited by:

    1. Piotr Denderski & Florian Sniekers, "undated". "Broadband Internet and the Self-Employment Rate: A Cross-Country Study on the Gig Economy," Discussion Papers in Economics 19/13, Division of Economics, School of Business, University of Leicester.
    2. Frijters, Paul & Kong, Tao Sherry & Meng, Xin, 2011. "Migrant Entrepreneurs and Credit Constraints under Labour Market Discrimination," IZA Discussion Papers 5967, IZA Network @ LISER.
    3. Markus Brueckner & Tomoo Kikuchi & George Vachadze, 2020. "Transitional Dynamics of the Saving Rate and Economic Growth," Papers 2012.15435, arXiv.org, revised Jun 2021.
    4. Anmol Bhandari & Ellen R. McGrattan, 2017. "Sweat Equity in U.S. Private Business," Staff Report 560, Federal Reserve Bank of Minneapolis.
    5. Roulleau-Pasdeloup, Jordan, 2020. "A Puncher’s chance: Expected gain and risk taking in a market for superstars," Labour Economics, Elsevier, vol. 66(C).
    6. Shirai, Daichi, 2016. "Persistence and Amplification of Financial Frictions," MPRA Paper 72187, University Library of Munich, Germany.
    7. Markus Brueckner & Tomoo Kikuchi & George Vachadze, 2016. "Effects of Income Growth on Domestic Saving Rates: The Role of Poverty and Borrowing Constraints," ANU Working Papers in Economics and Econometrics 2016-636, Australian National University, College of Business and Economics, School of Economics.
    8. Dusha Elton, 2019. "Persistent Inequality, Corruption, and Factor Productivity," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(2), pages 1-23, June.
    9. Popov, Alexander & Corradin, Stefano, 2013. "House prices, home equity and entrepreneurships," Working Paper Series 1544, European Central Bank.
    10. Daron Acemoglu & Martin Kaae Jensen, 2015. "Robust Comparative Statics in Large Dynamic Economies," Journal of Political Economy, University of Chicago Press, vol. 123(3), pages 587-640.
    11. Dan Cao & Wenlan Luo, 2017. "Persistent Heterogeneous Returns and Top End Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 301-326, October.
    12. Krueger, D. & Mitman, K. & Perri, F., 2016. "Macroeconomics and Household Heterogeneity," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921, Elsevier.
    13. Felipe Balmaceda, 2018. "Entrepreneurship: skills and financing," Small Business Economics, Springer, vol. 50(4), pages 871-886, April.
    14. Hamann-Salcedo, Franz Alonso & Mejía, Luis Fernando, 2012. "Formalizando la informalidad empresarial en Colombia," Chapters, in: Arango-Thomas, Luis Eduardo & Hamann-Salcedo, Franz Alonso (ed.), El mercado de trabajo en Colombia : hechos, tendencias e instituciones, chapter 10, pages 399-427, Banco de la Republica de Colombia.
    15. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2013. "The macroeconomics of microfinance," Working Papers 2013-034, Federal Reserve Bank of St. Louis.
    16. Amitrajeet Batabyal, 2010. "An analysis of adverse selection, entrepreneurial activity, and the decision to go public," Letters in Spatial and Resource Sciences, Springer, vol. 3(2), pages 79-90, July.
    17. Yin, Zhichao & Gong, Xue & Guo, Peiyao & Wu, Tao, 2019. "What Drives Entrepreneurship in Digital Economy? Evidence from China," Economic Modelling, Elsevier, vol. 82(C), pages 66-73.
    18. Stefano Corradin, 2013. "House Prices, Household Leverage, and Entrepreneurship," 2013 Meeting Papers 631, Society for Economic Dynamics.
    19. Huang, Mark Anthony C. & Camacho, Jose DV & Despositario, Dinah Pura T. & Bello, Amelia L., 2016. "Factors Affecting Entrepreneurship Decision in Los Banos, Laguna, Philippines," Journal of Economics, Management & Agricultural Development, Journal of Economics, Management & Agricultural Development (JEMAD), vol. 2(01), June.
    20. Gergely Horváth & Rui Zhang, 2022. "Ethnic entrepreneurship, assimilation, and integration policy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(4), pages 781-816, August.
    21. Pilar A. Jano, 2017. "Quality Choice and Market Access: Evidence from Chilean Wine Grape Production," Agribusiness, John Wiley & Sons, Ltd., vol. 33(3), pages 324-338, June.
    22. Weerachart T. Kilenthong & Kittipong Rueanthip, 2018. "Entrepreneurship and family businesses in Thailand," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 77-93, May.
    23. Kaymak, Barıș & Leung, David & Poschke, Markus, 2020. "Accounting for Wealth Concentration in the US," IZA Discussion Papers 13082, IZA Network @ LISER.
    24. Christopher Udry, 2012. "Misallocation, Growth and Financial Market Imperfections," Annual Meeting Plenary 2012-3, Society for Economic Dynamics.
    25. Castells-Quintana, David & del Pilar Lopez-Uribe, Maria & McDermott, Thomas K.J., 2018. "A review of adaptation to climate change through a development economics lens," Working Papers 309605, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    26. Okowa, Ezaal, Vincent & Moses Owede, 2022. "‘Financial Inclusion-Income Inequality’ Nexus in Nigeria: Evidence from Dynamic Ordinary Least Square (DOLS) Modeling Approach," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 9(2), pages 84-94, February.
    27. Anmol Bhandari & Ellen McGrattan & Kurt Gerrard See & Serdar Birinci, 2019. "What Do Survey Data Tell Us about U.S. Businesses?," 2019 Meeting Papers 53, Society for Economic Dynamics.
    28. Marco Bassetto & Marco Cagetti & Mariacristina De Nardi, 2013. "Credit Crunches and Credit Allocation in a Model of Entrepreneurship," NBER Working Papers 19296, National Bureau of Economic Research, Inc.
    29. Boyan Jovanovic & Balázs Szentes, 2013. "On the Market for Venture Capital," Journal of Political Economy, University of Chicago Press, vol. 121(3), pages 493-527.
    30. Sarah A. Janzen & Michael R. Carter & Munenobu Ikegami, 2021. "Can insurance alter poverty dynamics and reduce the cost of social protection in developing countries?," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(2), pages 293-324, June.
    31. Fitz, Dylan, "undated". "Development Chutes and Ladders: A Joint Impact Evaluation of Asset and Cash Transfers in Brazil," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150254, Agricultural and Applied Economics Association.
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    33. Luca Grilli & Boris Mrkajic & Emanuele Giraudo, 2023. "Industrial policy, innovative entrepreneurship, and the human capital of founders," Small Business Economics, Springer, vol. 60(2), pages 707-728, February.
    34. Carter, Michael R. & Lybbert, Travis J., 2012. "Consumption versus asset smoothing: testing the implications of poverty trap theory in Burkina Faso," Journal of Development Economics, Elsevier, vol. 99(2), pages 255-264.
    35. Andrés Hincapié, 2020. "Entrepreneurship Over The Life Cycle: Where Are The Young Entrepreneurs?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 617-681, May.
    36. Christopher Udry, 2011. "Esther Duflo: 2010 John Bates Clark Medalist," Journal of Economic Perspectives, American Economic Association, vol. 25(3), pages 197-216, Summer.
    37. Halvarsson, Daniel & Korpi, Martin & Wennberg, Karl, 2018. "Entrepreneurship and income inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 275-293.
    38. Vincenzo Cuciniello & Claudio Michelacci & Luigi Paciello, 2023. "Subsidizing business entry in competitive credit markets," Temi di discussione (Economic working papers) 1424, Bank of Italy, Economic Research and International Relations Area.
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    43. Gustavo González, 2023. "Entrepreneurship and the Efficiency Effects of Migration," Working Papers Central Bank of Chile 985, Central Bank of Chile.
    44. Balmaceda, Felipe, 2025. "Occupational mismatch and market power," Journal of Development Economics, Elsevier, vol. 177(C).
    45. Yves Achdou & Jiequn Han & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2017. "Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach," NBER Working Papers 23732, National Bureau of Economic Research, Inc.
    46. Takanori Adachi & Takao Asano, 2011. "Entrepreneurial Choice and Knightian Uncertainty with Borrowing Constraints," KIER Working Papers 803, Kyoto University, Institute of Economic Research.
    47. Polbin, Andrey & Shumilov, Andrei, 2020. "Предпринимательство, Накопление Богатства И Ограничения Заимствования: Обзор Зарубежных Исследований [Entrepreneurship, wealth accumulation and borrowing constraints: Foreign research experience]," MPRA Paper 103675, University Library of Munich, Germany.
    48. Saygili Meryem, 2013. "Financial Liberalization, Limited Contract Enforcement and Productivity," Journal of Globalization and Development, De Gruyter, vol. 4(1), pages 95-130, August.
    49. Rafael P. Ribas, 2014. "Liquidity Constraints, Informal Financing, and Entrepreneurship: Direct and Indirect Effects of a Cash Transfer Programme," Working Papers 131, International Policy Centre.
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    51. Cai, Dongliang & Song, Quanyun & Ma, Shuang & Dong, Yang & Xu, Qiuhua, 2018. "The relationship between credit constraints and household entrepreneurship in China," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 246-258.
    52. Chawanote, Chayanee, 2012. "Rural Household Non-farm Businesses: Startup, Expansion, Contraction, or Exit?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124841, Agricultural and Applied Economics Association.
    53. Dirk Krueger & Kurt Mitman & Fabrizio Perri, 2016. "On the Distribution of the Welfare Losses of Large Recessions," Staff Report 532, Federal Reserve Bank of Minneapolis.
    54. Weerachart Kilenthong & Kittipong Rueanthip, 2016. "The Impact of Family Business Apprenticeship on Entrepreneurship and Survival of Small Businesses: Evidence from Thailand," PIER Discussion Papers 34, Puey Ungphakorn Institute for Economic Research.
    55. Charles Eesley, 2016. "Institutional Barriers to Growth: Entrepreneurship, Human Capital and Institutional Change," Organization Science, INFORMS, vol. 27(5), pages 1290-1306, October.
    56. Simon Franklin, 2016. "Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies in Addis Ababa," SERC Discussion Papers 0199, Centre for Economic Performance, LSE.
    57. Xiang, Junyi & Liu, Chenhao & Li, Yiming, 2021. "The impact of household real estate and self-employment: Evidence from China," Economic Modelling, Elsevier, vol. 94(C), pages 873-884.
    58. Peng, Y. & Turvey, C. & Kong, R., 2018. "An Analysis of China s Reforms on Mortgaging and Transacting Rural Land Use Rights and Entrepreneurial Activity," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277308, International Association of Agricultural Economists.
    59. Andrea Caggese & Vicente Cunat, 2013. "Financing Constraints, Firm Dynamics, Export Decisions, and Aggregate Productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 177-193, January.
    60. Jesse Perla & Carolin Pflueger & Michal Szkup, 2020. "Doubling Down on Debt: Limited Liability as a Financial Friction," NBER Working Papers 27747, National Bureau of Economic Research, Inc.
    61. Claudia Martínez A. & Esteban Puentes, 2018. "Micro-entrepreneurship Debt Level and Access to Credit: Short-Term Impacts of a Financial Literacy Program," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(4), pages 613-629, September.
    62. Mariacristina De Nardi & Anne Villamil, 2009. "Entrepreneurship, finance and employment," Annals of Finance, Springer, vol. 5(3), pages 289-293, June.
    63. Christopher B. Barrett & Michael R. Carter & Jean-Paul Chavas, 2017. "Introduction to "The Economics of Poverty Traps"," NBER Chapters, in: The Economics of Poverty Traps, pages 1-20, National Bureau of Economic Research, Inc.
    64. Yang, Xiaolan & Hong, Xiaoyue & Li, Wenchao, 2023. "“Only children” and entrepreneurship in China: Spillover effects and mechanisms," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    65. Batabyal, Amitrajeet A., 2012. "Project financing, entrepreneurial activity, and investment in the presence of asymmetric information," The North American Journal of Economics and Finance, Elsevier, vol. 23(1), pages 115-122.
    66. Serguey Braguinsky & Steven Klepper & Atsushi Ohyama, 2012. "High-Tech Entrepreneurship," Journal of Law and Economics, University of Chicago Press, vol. 55(4), pages 869-900.
    67. Chun Jiang & Amei Feng & Chunhuan Xiao, 2021. "Does Capital Account Liberalization Spur Entrepreneurship: The Role of Financial Development," Sustainability, MDPI, vol. 13(16), pages 1-19, August.
    68. Denderski, Piotr & Sniekers, Florian, 2021. "Declining Search Frictions and Type-of-Employment Choice," Other publications TiSEM 353ffb98-b052-49b6-b672-2, Tilburg University, School of Economics and Management.
    69. Gibreel T. & Zaibet L. & Al-Akhzami S. & El-Haj A., 2022. "Personal Motivations and Entrepreneurship Career Intentions: Testing Theory of Planned Behaviour," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(7), pages 739-751, July.
    70. Eric W. Bond & James Tybout & Hale Utar, 2015. "Credit Rationing, Risk Aversion, And Industrial Evolution In Developing Countries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 695-722, August.
    71. Oscar Arce & Jose Manuel Campa & Angel Gavilan, 2012. "Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector," Working Papers 1226, BBVA Bank, Economic Research Department.
    72. Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
    73. Karaivanov, Alexander, 2012. "Financial constraints and occupational choice in Thai villages," Journal of Development Economics, Elsevier, vol. 97(2), pages 201-220.
    74. Barış Kaymak & David Leung & Markus Poschke, 2022. "Accounting for Wealth Concentration in the United States," Working Papers 22-28, Federal Reserve Bank of Cleveland.
    75. Takanori Adachi & Takanori Hisada, 2017. "Gender differences in entrepreneurship and intrapreneurship: an empirical analysis," Small Business Economics, Springer, vol. 48(3), pages 447-486, March.
    76. Francesca Crucitti & Lorenza Rossi, 2022. "Labor Share Decline and Productivity Slowdown: A Micro-Macro Analysis," Working Papers 350577481, Lancaster University Management School, Economics Department.
    77. Nguimkeu, Pierre, 2024. "Credit constraints and delayed entrepreneurship," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 156-180.
    78. Akyol, Ahmet & Athreya, Kartik, 2011. "Credit and self-employment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(3), pages 363-385, March.
    79. Chen, Shaojian & Mao, Hui & Feng, Zongxian, 2020. "Political uncertainty and firm entry: Evidence from Chinese manufacturing industries," Journal of Business Research, Elsevier, vol. 120(C), pages 16-30.
    80. Vinicius Carrasco & João Mello, 2010. "Repeated lending under contractual incompleteness," Annals of Finance, Springer, vol. 6(1), pages 51-82, January.
    81. Franklin, Simon, 2018. "Location, search costs and youth unemployment: experimental evidence from transport subsidies," LSE Research Online Documents on Economics 87938, London School of Economics and Political Science, LSE Library.
    82. Carter,Michael R. & Janzen,Sarah Ann, 2015. "Social protection in the face of climate change : targeting principles and financing mechanisms," Policy Research Working Paper Series 7476, The World Bank.
    83. Yves Achdou & Jiequn Han & Jean-Michel Lasry & Pierre-Louis Lionse & Benjamin Moll, 2022. "Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(1), pages 45-86.
    84. Cai, Yue, 2021. "Expansionary monetary policy and credit allocation: Evidence from China," China Economic Review, Elsevier, vol. 66(C).
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    86. Gharad Bryan & Shyamal Chowdhury & Ahmed Mushfiq Mobarak, 2014. "Under-investment in a Profitable Technology: The Case of Seasonal Migration in Bangladesh," NBER Working Papers 20172, National Bureau of Economic Research, Inc.
    87. Halvarsson, Daniel & Korpi, Martin & Wennberg, Karl, 2016. "Entrepreneurship and Income Inequality," Ratio Working Papers 281, The Ratio Institute.
    88. Rafael P. Ribas, 2020. "Liquidity constraints, spillovers, and entrepreneurship: evidence from a cash transfer program," Small Business Economics, Springer, vol. 55(4), pages 1131-1158, December.
    89. Nelson Souza-Sobrinho, 2010. "Macroeconomics of bank interest spreads: evidence from Brazil," Annals of Finance, Springer, vol. 6(1), pages 1-32, January.
    90. Teegawende Zeida, 2022. "The Tax Cuts and Jobs Act (TCJA): A Quantitative Evaluation of Key Provisions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 74-97, October.
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    92. Shamir, Noam & Zvilichovsky, David, 2022. "Dynamic reputation, project selection and market efficiency: The importance of small projects," International Journal of Production Economics, Elsevier, vol. 248(C).
    93. Morrow, John & Carter, Michael R., 2017. "Learning about the prospects for mobility: Economic and political dynamics following fundamental policy reform," Journal of Public Economics, Elsevier, vol. 155(C), pages 38-53.
    94. Yanos Zylberberg, 2011. "Capital misallocation and credit constraints: Theory and evidence from natural," Working Papers halshs-00607212, HAL.
    95. Camilo Mondragón-Vélez, 2009. "The probability of transition to entrepreneurship revisited: wealth, education and age," Annals of Finance, Springer, vol. 5(3), pages 421-441, June.
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    99. Chanont Banternghansa, 2017. "Multi-Firm Entrepreneurship and Financial Frictions," PIER Discussion Papers 56, Puey Ungphakorn Institute for Economic Research.
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    104. Xiao Hu & Zhenghua Deng, 2023. "Impact Of Digital Finance On Technological Efficiency Of Creative Enterprises: Evidence From Chinese Capital Market," Malaysian E Commerce Journal (MECJ), Zibeline International Publishing, vol. 7(1), pages 42-45, June.
    105. Pu Liao & Xianhua Zhou & Qingquan Fan, 2020. "Does agricultural insurance help farmers escape the poverty trap? Research based on multiple equilibrium models," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 203-223, January.
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  21. Francisco J. Buera & Joseph P. Kaboski, 2009. "Can Traditional Theories of Structural Change Fit The Data?," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 469-477, 04-05.

    Cited by:

    1. Alonso-Carrera, Jaime & Raurich, Xavier, 2018. "Labor mobility, structural change and economic growth," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 292-310.
    2. Timo Boppart, 2013. "Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences," 2013 Meeting Papers 217, Society for Economic Dynamics.
    3. Francisco J. Buera & Joseph P. Kaboski & Richard Rogerson, 2015. "Skill Biased Structural Change," NBER Working Papers 21165, National Bureau of Economic Research, Inc.
    4. Storesletten, Kjetil & Zhao, Bo & Zilibotti, Fabrizio, 2020. "Business Cycle during Structural Change: Arthur Lewis’ Theory from a Neoclassical Perspective," CEPR Discussion Papers 14964, C.E.P.R. Discussion Papers.
    5. Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," NBER Working Papers 26181, National Bureau of Economic Research, Inc.
    6. Alonso-Carrera Jaime & Caballé Jordi & Raurich Xavier, 2015. "Consumption composition and macroeconomic dynamics," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(1), pages 1-42, January.
    7. Matteo Fiorini & Bernard Hoekman, 2017. "Services Trade Policy and Sustainable Development," RSCAS Working Papers 2017/41, European University Institute.
    8. Jaime Alonso-Carrera & Xavier Raurich, 2014. "Demand-based structural change and balanced economic growth," UB School of Economics Working Papers 2014/303, University of Barcelona School of Economics.
    9. Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Ákos, 2014. "Growth and Structural Transformation," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 855-941, Elsevier.
    10. Boppart, Timo & Alder, Simon & Müller, Andreas, 2019. "A theory of structural change that can fit the data," CEPR Discussion Papers 13469, C.E.P.R. Discussion Papers.
    11. James Bessen, 2018. "Artificial Intelligence and Jobs: The Role of Demand," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 291-307, National Bureau of Economic Research, Inc.
    12. Roehlano M. Briones & Jesus Felipe, 2016. "Agriculture and Structural Transformation in Developing Asia: Review and Outlook," Working Papers id:8696, eSocialSciences.
    13. Howes, Cooper, 2022. "Why does structural change accelerate in recessions? The credit reallocation channel," Journal of Financial Economics, Elsevier, vol. 144(3), pages 933-952.
    14. Yunfang Hu & Kazuo Mino, 2014. "Capital Accumulation and Structural Change in a Small Open Economy," Pacific Economic Review, Wiley Blackwell, vol. 19(5), pages 634-656, December.
    15. Raymond Riezman & Ping Wang & Eric Bond, 2015. "Urbanization and Economic Development: A Tale of Two Barriers," 2015 Meeting Papers 566, Society for Economic Dynamics.
    16. Nabil Rizky Ryandiansyah & Iwan Jaya Azis, 2018. "Structural Change, Productivity, and the Shift to Services: The Case of Indonesia," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 64, pages 97-110, Desember.
    17. Fabio Cerina & Francesco Mureddu, 2010. "Is Agglomeration really Good for Growth? Global Efficiency, Interregional Equity and Uneven Growth," DEGIT Conference Papers c015_022, DEGIT, Dynamics, Economic Growth, and International Trade.
    18. Alvarez-Cuadrado, Francisco & Long, Ngo Van & Poschke, Markus, 2015. "Capital-Labor Substitution, Structural Change and the Labor Income Share," IZA Discussion Papers 8941, IZA Network @ LISER.
    19. Ricardo Reyes-Heroles, 2018. "Globalization and Structural Change in the United States: A Quantitative Assessment," 2018 Meeting Papers 1027, Society for Economic Dynamics.
    20. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    21. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2021. "The Micro and Macro Dynamics of Capital Flows," Discussion Papers 2121, Centre for Macroeconomics (CFM).
    22. Clemens Struck & Adnan Velic, 2017. "Automation, New Technology, and Non-Homothetic Preferences," Trinity Economics Papers tep1217, Trinity College Dublin, Department of Economics.
    23. Murat Ungor, 2017. "Productivity Growth and Labor Reallocation: Latin America versus East Asia," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 25-42, March.
    24. Buera, Francisco & Kaboski, Joseph & Mestieri, Marti & O'Connor, Daniel, 2022. "The Stable Transformation Path," CEPR Discussion Papers 15351, C.E.P.R. Discussion Papers.
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  22. Buera, Francisco & Nicolini, Juan Pablo, 2004. "Optimal maturity of government debt without state contingent bonds," Journal of Monetary Economics, Elsevier, vol. 51(3), pages 531-554, April.
    See citations under working paper version above.

Software components

  1. Francisco Buera & Roberto Fattal-Jaef & Yongseok Shin, 2014. "Code and data files for "Anatomy of a Credit Crunch: From Capital to Labor Markets"," Computer Codes 14-63, Review of Economic Dynamics.
    See citations under working paper version above.
  2. Francisco Buera & Benjamin Moll & Yongseok Shin, 2012. "Code and data files for "Well-Intended Policies"," Computer Codes 11-216, Review of Economic Dynamics.
    See citations under working paper version above.Sorry, no citations of software components recorded.

Chapters

  1. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2017. "Taking Stock of the Evidence on Microfinancial Interventions," NBER Chapters, in: The Economics of Poverty Traps, pages 189-221, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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