This paper examines the role of skilled labor in the growth of total factor productivity. Use use panel data from manufacturing industries within the United States to assess the extent to which productivity growth in yearly cross-sections of U.S. manufacturing industries in tied to industry...

This study suggests that a home-based HAART programme in rural Africa may be more cost effective than most previous estimates for facility-based HAART programmes, but remains less cost effective than many HIV prevention and care interventions, including cotrimoxazole prophylaxis. </AbstractSection> Copyright Adis...

behavior as productivity growth, modeled (as in Kahn and Rich, 2007) as a regime-switching process in the mean growth rate. The regime-switching process has very similar properties to the long-run risk component in Bansal-Yaron.

Stabilization policies frequently aim to boost spending as a means to increase GDP. Spending does not necessarily translate into production, however, especially when inventories are involved. We look at the “cash-for-clunkers” program that helped finance the purchase of nearly 700,000...

We argue that the behavior of manufacturing inventories provides evidence against models of business cycle fluctuations based on productivity shocks, increasing returns to scale, or favorable externalities, whereas it is consistent with models with short-run diminishing returns. Finished goods...