quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …

that arise along the way. Special attention is given to Norway, the world's third largest oil exporter, and the role of …

estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is …

social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find …