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We examine the implications of local externalities in human capital investment for the size and composition of the productive labor force. The model links residential choice, skills acquisition, and production in a city composed of several communities. Peer effects induce self-segregation by...
Persistent link: https://www.econbiz.de/10012475136
This paper provides technical documentation to accompany the NBER manufacturing productivity (MP) database. The … estimates of total factor productivity (TFP) growth for each industry. The paper further discusses alternate methods of …
Persistent link: https://www.econbiz.de/10012473053
Using Monte Carlo simulations, this paper evaluates the bias properties of common estimators used in growth regressions derived from the Solow model. We explicitly allow for measurement error in the right-hand side variables, as well as country-specific effects that are correlated with the...
Persistent link: https://www.econbiz.de/10012468465