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Agriculture in poor countries has low productivity, high employment, and negligible trade flows relative to other sectors. These facts motivate a multi-sector, open-economy view of international productivity differences. With a quantitative multi-country model featuring nonhomothetic...
Persistent link: https://www.econbiz.de/10010930478
Does trade within a country affect welfare and productivity? What are the magnitude and consequences of costs to such trade? To answer these questions, we exploit unique Canadian data to measure internal trade costs in a variety of ways – they are large, and vary across sectors and...
Persistent link: https://www.econbiz.de/10011272939
Firm-level idiosyncratic policy distortions misallocate resources between firms, lowering aggregate productivity. Many environmental policies create such distortions; in particular, output-based intensity standards (which limit firms' energy use or emissions per unit of output) are easier for...
Persistent link: https://www.econbiz.de/10011265840
Poor countries have low labour productivity in agriculture relative to other sectors, yet predominantly consume domestically produced food. The existing literature on cross-country agricultural and aggregate productivity differences abstracts from open economy considerations – leaving open the...
Persistent link: https://www.econbiz.de/10010538749
Regional income inequality within countries is an important contributor to global inequality. I investigate its relationship to economic growth using the US experience since 1880. I modify a multi-sector general equilibrium growth model and highlight two important forces: (1) structural change,...
Persistent link: https://www.econbiz.de/10010538750
Regional income inequality within countries is an important contributor to global income inequality. I investigate its relationship with structural change and growth using the historical experience of the United States since 1880. Specifically, I modify an existing multi-sector general...
Persistent link: https://www.econbiz.de/10009325654
With a substantial fraction of the population insulated from energy price signals in bulk-metered apartment and condominium buildings, some jurisdictions are exploring mandatory metering of individual suites to encourage electricity conservation. This study finds that sub-metering in a Toronto...
Persistent link: https://www.econbiz.de/10009368597
Why do some regions grow faster than others? More precisely, why do rates of convergence differ? Recent research points to labour market frictions as a possible answer. This paper expands along this line by investigating how these labour market frictions interact with regional migration....
Persistent link: https://www.econbiz.de/10008694007