agriculture declines while labor productivity increases in agriculture more than in other sectors. We construct a unified theory … simultaneous decline and modernization of agriculture. As capital accumulates, agriculture becomes increasingly capital intensive … as modern agriculture crowds out traditional agriculture. Structural change accelerates in booms and slows down in …

, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the U ….S., we calculate manufacturing TFP gains of 30-50% in China and 40-60% in India …

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank%u2019s desire to hold a …

to that of India, and, simultaneously, FDI inflows relative to GDP for China versus India declined. These observations … China relative to India. Our paper is a contribution to the nascent literature exploring demographic transitions and their …

examine this in the context of China and India – two large, rapidly-growing developing economies. Using theory, we develop a … in China and 15 percentage points in India. This impact has fallen over time in both countries as firm concentration in …

's technology gaps both with the U.S. and India between 1979 and 2008, comparing the technology level of these economies using a CES … India and the U.S. for the period before 2008. The pairwise gaps between the U.S. and China, and the U.S. and India remain … productivity than India over the period, the bilateral technology gap between China and India is still in India's favor. India had …

substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly …