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Agénor, Pierre-Richard - 2007

This paper studies the impact of aid volatility in a two-period model where production may occur with either a … modern technology to be used. The possibility of a poverty trap induced by high aid volatility is first examined in a …-period contingency fund) financed through taxation. An increase in aid volatility is shown to raise the optimal contingency fund. But if …

Persistent link: https://www.econbiz.de/10012465250

Donor Contracting Conditions and Public Procurement : Causal Evidence from Kenyan Electrification

Wolfram, Catherine D.; Miguel, Edward; Hsu, Eric; … - National Bureau of Economic Research - 2023

There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting...

Persistent link: https://www.econbiz.de/10014226145

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

Scenarios for the Transition to AGI

Korinek, Anton; Suh, Donghyun - National Bureau of Economic Research - 2024

We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...

Persistent link: https://www.econbiz.de/10014512109

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

This paper examines the impact of roads on structural transformation and business composition theoretically and empirically. We develop a two-sector model of regional trade with endogenous firm entry that highlights two opposing forces. \textit{Ceteris paribus} lower trade costs in...

Persistent link: https://www.econbiz.de/10014544726

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

Housing Dynamics : Theory Behind Empirics

Wang, Ping; Xie, Danyang - National Bureau of Economic Research - 2022

To fill the knowledge gap that previous studies ignore either housing or internal urban structure and to enable better fit with important stylized facts, we construct a two-sector optimal growth model of housing where housing is produced by land and housing structure/household durables. We...

Persistent link: https://www.econbiz.de/10013388872

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

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

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...

Persistent link: https://www.econbiz.de/10014372414

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