Showing 1 - 10 of 330
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
This paper shows that large, multi-establishment business enterprises face a high cost of middle management in poor countries and that this cost inhibits the growth of the modern sector. We provide new empirical evidence using a database covering compensation for 300,000 middle managers working...
Persistent link: https://www.econbiz.de/10013435154
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
Persistent link: https://www.econbiz.de/10013480896
Both energy and the environment are inputs into production, influencing the economy and the overall welfare of the … population. While the economy itself has been a central focus of economic history from its inception, energy and the environment … some thoughts regarding opportunities for further research in energy and the environment …
Persistent link: https://www.econbiz.de/10014322795
We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...
Persistent link: https://www.econbiz.de/10014337838
Agricultural producers make investment decisions based on beliefs about future returns. This article investigates how changes in beliefs about input availability affects the adoption of conservation practices. We develop a theoretical model to examine how a producer's beliefs about water...
Persistent link: https://www.econbiz.de/10013210108
Irrigation in the Eastern US receives little attention compared to the West, but farmers in humid states of the US, traditionally reliant on rainfall, have more than tripled irrigation since 1978. We examine this trend in Illinois where there has been a nearly threefold increase in center pivot...
Persistent link: https://www.econbiz.de/10013210121
Global climate change is already impacting water resources and, in many areas, reducing the amount of water available for drinking, sanitation, and agriculture. Water conservation can be a means to mitigate the economic damages associated with water scarcity, including scarcity arising from...
Persistent link: https://www.econbiz.de/10013334342
Nitrogen (N) fertilizer use in agricultural production is a significant determinant of surface water quality. As climate changes, agricultural producers are likely to adapt at extensive and intensive margins in terms of land and per acre input use, including fertilizers. These changes can affect...
Persistent link: https://www.econbiz.de/10013334372