growth model using country panel data from 1950-2015. We then juxtapose the estimates with predicted shifts in population age … throughout much of the world. Expansions of labor supply due to improvements in functional capacity among older people can …

these points matter in practice, we develop a quantitative model of the world economy to study how markups, tariffs, and …

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …

demand assumptions. In contrast to dynamic panel methods, our proposed estimator can be implemented on very short panels …

technology, while in the short run increasing GDP, may result in the equilibrium being unstable and fragile--and in the long run …

-enhancing investments (technology). Empirically, less developed countries feature higher distortions and larger dispersion in firm …-thirds of cross-country labor productivity differences. Both selection and technology channels are important. Variation in …

World War II and the increasing economic gap between OECD and Third World nations. Section 3, "The Asian Miracle," describes …