We estimate the effect on economic development of China's industrial policy, in particular, the establishment of … productivity and human capital investments. Using light intensity as an alternative measure for economic activity confirms the …

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro …

Estimates for the US suggest that at least in some sectors productivity-enhancing reallocation is the dominant factor … in accounting for productivity growth. An open question, particularly relevant for developing countries, is whether … reallocation is always productivity enhancing. It may be that imperfect competition or other barriers to competitive environments …

This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks … unboundedly. The mechanism that drives growth is the feedback between industrialization and wages. High wages are incentives to … use machines and industrialize, while industrialization raises wages. The model shows that industrialization and growth …

The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China … agricultural productivity gains from collectivization, the government switched to an accelerated and infeasible timetable for … industrialization. Consequently, it diverted massive amounts of agricultural resources to industry and imposed excessive grain …