Starting in the mid 1970s, Chile implemented comprehensive structural market reforms. Using manufacturing plant-level data on Chilean firms for years 1980 to 2001, we estimate the role of reforms on efficiency. We analyze aggregate productivity constructed from micro data to find that in the...

Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at...

This paper reports the results of a new test of the Leontief-Trefler hypothesis that factor-augmenting international productivity differences explain most of the cross-country variation in factor prices. Our sample consists of four cross-sections of 16, 31, 51 and 50 countries for 1970, 1975,...