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identification of the impact of trade on income and increases the efficiency of the two-stage least square estimation. An important …
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We study the instability of hyper-specialization of exports. We have two main findings. (1) Specializations are surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error is unlikely to be the main or only determinant of this...
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We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
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goods in the composition of investment has a significant positive effect on per capita income growth rates across countries …, in particular, in developing countries. Hence, the composition of investment in addition to the volume of total capital …
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