We use the neoclassical growth framework to model international capital flows in an economy with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries,...

This article examines the global spill-over of foreign product introductions and takeoffs on a focal country's time-to-takeoff, using a novel data set of penetration data for 8 high tech products across 55 countries. It shows how foreign clout, the susceptibility to foreign influences, and...

In the midst of a turbulent presidential election and at a time when the concepts of bias and prejudice garnered media attention across our country, the American Bar Association (ABA) House of Delegates approved Resolution 109, which proposed an amendment to Model Rule 8.4 to incorporate an...

This paper presents a growth model where survival is endogenously determined and the abundance of natural resources affects the returns to labor. In geographic regions where natural resources are initially more abundant and the climate is relatively more hospitable, survival odds are higher....