integration choices of firms around the world …

We develop a model of the world economy as input-output relationships subject to distortions. We then propose a … the sectoral TFPs. We then derive a closed-form solution of the elasticities of each entry in the world input … distortions and TFPs of the input-output matrix of the world economy. We show that internal (within a given country) distortions …

academics in studies of economic growth, particularly through the Penn World Table, and in some cases, to allocate resources … extrapolation of the previous round, ICP 2005. These discrepancies will eventually have important implications for the Penn World … Table, and for international comparisons of living standards. The world according to ICP 2011 looks markedly more equal than …

Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors … study of PPP-adjusted estimates of GDP around the world between 1992 and 2010. First, we find that while market exchange … optimal. Using data from the Penn World Tables, we find that, indeed, it is optimal to only use the latest price data, and …