coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker …, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … various regimes. Using German establishment-level panel data, we estimate a two-regime model of replacement and expansion … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical …

We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs …

In this paper we study the relationship between ethnic exclusion and earnings in Urban Peru. Our approach to the …

-parametric alternative to the Blinder-Oaxaca (BO) wage gap decomposition, does not require the estimation of earnings equations. It breaks … supports. Using data for Peru in the period 1986-2000, I found that this problem of non-comparability accounts for 23% and 30 … explicitly recognizing these differences in the supports. In this way, the 45% gender wage gap in Peru is decomposed as: 11 …