This paper explores the role of information in the theory of economic growth and development. They way it is used here … to successful production can lead to an information-based theory of TFP. In the theory outlined here, large differences …

(Harmonized System 10- digit) bilateral exports to the United States. The patterns in the data are consistent with the theory. The …

international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …