"Currently, Argentina is experiencing what the government describes as a "great depression." Using the "Great Depressions" methodology developed by Cole and Ohanian (1999) and Kehoe and Prescott (2002), we find that the primary determinants of both the boom in Argentina in the 1990s and the...

"This paper evaluates the performances of three of the most prominent multisectoral static applied general equilibrium models used to predict the impact of the North American Free Trade Agreement. These models drastically underestimated the impact of NAFTA on North American trade. Furthermore,...

We explore how developmental and regulatory impediments to resource reallocation limit the ability of developing countries to adopt technologies: an efficient economy quickly innovates; but when the economy is unable to fully use resources liberated by closing firms, or when policy distortions...

We explore how regulatory or institutional distortions to resource reallocation limit the ability of developing countries to adopt new technologies. An efficient economy innovates quickly; but when the economy is unable to redeploy resources away from inefficient uses, technological adoption...

Desde 1984 y hasta 1997, la economía chilena experimentó un crecimiento per cápita promedio de 5,4 por ciento, lo que la ubica dentro de las economías exitosas del mundo de las últimas dos décadas. Sin embargo, entre 1998 y 2001 esa tasa cayó bruscamente a 1,2 por ciento por año. Este...

Since 1975 Chilean exports have boomed growing at a 6% average rate per year in real terms. In this paper we use manufacturing Chilean data at the plant level for years 1990 to 2007 to investigate the relationship between exports, plant dynamics and productivity. Our findings are consistent with...

We analyze the process of technological innovation from the perspective of developing countries. Specifically, we explore how developmental and regulatory impediments to the process of resource reallocation and firm renewal limit the ability of developing countries to adopt new technologies....

We explore how developmental and regulatory impediments to resource reallocation limit the ability of developing countries to adopt technologies: an efficient economy quickly innovates; but when the economy is unable to fully use resources liberated by closing firms, or when policy distortions...