"Understanding why so many people across the world are so poor is one of the central intellectual challenges of our time. What explains a pattern of extreme destitution for billions combined with plutocratic levels of income for a tiny minority? This book offers a novel approach to addressing...

Understanding why so many people across the world are so poor is one of the central intellectual challenges of our time. This book provides the tools and data that will enable students, researchers and professionals to address that issue.Empirical Development Economics has been designed as a...

In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...