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Is the Electricity Sector a Weak Link in Development?
Colmer, Jonathan; Lagakos, David; Shu, Martin - National Bureau of Economic Research - 2024
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to...
Persistent link: https://www.econbiz.de/10014468241
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Sectoral Development Multipliers
Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024
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
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Melitz Meets Lewis : The Impacts of Roads on Structural Transformation and Businesses
Kaboski, Joseph Paul; Lu, Jianyu; Qian, Wei; Ren, Lixia - National Bureau of Economic Research - 2024
results broadly consistent with the theory, with declines in the number of businesses where structural transformation is weak …
Persistent link: https://www.econbiz.de/10014544726
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Gendered Change : 150 Years of Transformation in US Hours
Ngai, Liwa Rachel; Olivetti, Claudia; Petrongolo, Barbara - National Bureau of Economic Research - 2024
Women's contribution to the economy has been markedly underestimated in predominantly agricultural societies, due to their widespread involvement in unpaid agricultural work. Combining data from the US Census and several early sources, we create a consistent measure of male and female employment...
Persistent link: https://www.econbiz.de/10014544753
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Housing Dynamics : Theory Behind Empirics
Wang, Ping; Xie, Danyang - National Bureau of Economic Research - 2022
positive utility but are decayed away from the city center. Our model enables a full characterization of the dynamic paths of …
Persistent link: https://www.econbiz.de/10013388872
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Regulating Transformative Technologies
Acemoglu, Daron; Lensman, Todd - National Bureau of Economic Research - 2023
Transformative technologies like generative artificial intelligence promise to accelerate productivity growth across many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to study the optimal regulation of transformative...
Persistent link: https://www.econbiz.de/10014322848
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Government Debt and Capital Accumulation in an Era of Low Interest Rates
Mankiw, Nicholas Gregory - National Bureau of Economic Research - 2022
This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
Persistent link: https://www.econbiz.de/10013210052
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Utility from Accumulation
Kaplow, Louis - 2009
The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A … simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice … utility from accumulation helps to explain a number of empirical regularities that otherwise seem inconsistent with optimizing …
Persistent link: https://www.econbiz.de/10012463054
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Dynamic Scoring : A Back-of-the-Envelope Guide
Mankiw, N. Gregory - 2004
This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. The feedback is surprisingly large: for standard parameter values, half of...
Persistent link: https://www.econbiz.de/10012467687
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A Contribution to the Empirics of Economic Growth
Mankiw, N. Gregory - 1990
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...
Persistent link: https://www.econbiz.de/10012475495