We document that the gender gap in non-agricultural work in developing countries exists primarily among rural married workers, not singles. Rural married women dedicate a much larger portion of time to home production compared to other groups, making them less likely to pursue non-agricultural...

We document that the gender gap in non-agricultural work in developing countries exists primarily among rural married workers, not singles. Rural married women dedicate a much larger portion of time to home production compared to other groups, making them less likely to pursue non-agricultural...

This paper questions the existing notion of competition prevalent in economic theory. It is shown that the prevalent idea of competition is incompatible with economic development. Fair competition, this paper argues, ought to be understood in context. The paper ends by providing some preliminary...

Financial intermediation facilitates economic development by providing entrepreneurs with external finance. The relative costs of financing depend on the relative efficiency of the financial sector and the sector using financial intermediation services, the real sector. These costs determine the...

Financial intermediation facilitates economic development by providing entrepreneurs with external finance. The relative costs of financing depend on the efficiency of the financial sector and the sector using financial intermediation services, the production sector. These costs determine the...

We examine the record of cross-country growth over the past 50 years and ask if developing countries have made progress on closing income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on...

We document that the gender gap in non-agricultural work in developing countries exists primarily among rural married workers, not singles. Married women spend more time on home production, making them less likely to pursue non-agricultural employment. We extend a general equilibrium Roy model...

By extending the range of admissible factor accumulation and innovation investment elasticities, this paper expands the Acemoglu (2003) model and obtains several results. First, it identifies conditions for the existence of a steady-state equilibrium and shows that Uzawa’s theorem is obtained...

What are the key determinants of the direction of technological progress is of central importance for many problems in macroeconomics. In the existing literature, the changing relative production factor prices as suggested by Hicks (1932) and the relative market sizes as indicated by Acemoglu...

Identifying the key factors determiningthe direction of technological progress is of central importance for macroeconomics.This paper develops a framework based on Acemoglu(2002,2003) in which profit-maximizing firms undertake both labor- and capital-augmenting technological improvements. It...