We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...

The notion of green growth has emerged as an international policy discourse and response to climate change and ecological breakdown, designed to improve the demand-based and production-based emissions through a nation’s investments in its technological innovations and environmental-related...

We analyze the growth effects over space arising from the adoption of new agricultural technology in a rural-urban setting. We use a dynamic model to study the impacts of technology and learning on the steady state growth rates of rural and urban regions that produce agricultural goods. New...

The objective of this paper is to study the relationship between productive structure and economic performance at the subnational level in Argentina. Based on a dataset at the subnational level, we study the impact on economic growth of three types of productive patterns: i) productive...

A major objective of this study is to analyse the evolutionary patterns of regional linkages and disparities across the EU space, especially those related to rural and peripheral/remote regions. In particular, this report assesses the economy-wide effects, in terms of GDP and employment,...

We analyze the growth effects over space arising from the adoption of new agricultural technology in a rural-urban setting. We use a dynamic model to study the impacts of technology and learning on the steady state growth rates of rural and urban regions that produce agricultural goods. New...

This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...