We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]

The empirical relationship between trade protection and economic growth is surprisinglyfragile, as shown in a number of other papers. After demonstrating this empiricalsensitivity, we address one possible explanation for these findings: that the relationshipis nonlinear. Following the endogenous...

We construct a model of offshoring with externalities and firm heterogeneity. Due to thepresence of externalities, temporary shocks like the Y2K problem can have permanenteffects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initialadvantage of a country as...

Showcasing data from all areas of the ILC program and other sources, Charting International Labor Comparisons is a gateway to explore how key labor market and other national economic measurements compare across countries. There are links to previous editions of the Chartbook of International...

We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive politics in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...

This paper analyzes optimal foreign aid policy in a neoclassical frameworkwith a conflict of interest between the donor and the recipient government.Aid conditionality is modelled as a limited enforceable contract. We defineconditional aid policy to be self-enforcing if, at any point in time,...

This research suggests that a Darwinian evolution of entrepreneurial spirit played asignificant role in the process of economic development and the dynamics of inequality withinand across societies. The study argues that entrepreneurial spirit evolved non-monotonicallyin the course of human...