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In this paper we employ techniques developed in spatial econometrics to analyse spatial patterns of technology diffusion, to detect clusters and to estimate theoretical models that incorporate space explicitly. These techniques correct for misspecifications resulting from the omission of spatial...
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We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only …-invest in schooling. Frictions lower aggregate productivity because talent is misallocated across occupations, and capital … responses. We find that these effects combined account for about 1/5 of the U.S.-India aggregate productivity difference …
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