Address before Bryant College, Providence, R.I., Oct. 14, 2003

Presentation to the St. Louis Regional Commerce and Growth Association, Leadership Circle - July 15, 1998

This paper draws on the experiences of the United States and European Community to speculate on the effects of agreements to integrate high and low income economies. The evidence suggests that reducing barriers to the flow of goods or resources will promote convergence, even among integrating...

We study a model of economic growth and development with a threshold externality. The model has one steady state with a low and stagnant level of income per capita and another steady state with a high and growing level of income per capita. Both of these steady states are locally stable under...

Presentation before the Conference on Striking the Right Notes on Entrepreneurship, Memphis, Tenn., April 19, 2005

Memphis, Tenn., Oct. 14, 2008

Entry costs vary dramatically across countries. To assess their impact we construct a model with endogenous entry and operation decisions by firms and calibrate it to match the U.S. distribution of firms by age and size. Higher entry costs lead to greater misallocation of productive factors and...

Presentation before the Conference on Striking the Right Notes on Entrepreneurship, Memphis, Tenn., April 19, 2005

Presentation to the St. Louis Regional Commerce and Growth Association, Leadership Circle - July 15, 1998

Remarks before the National Association of Manufacturers, Board of Directors Meeting, Tucson, Ariz. - April 16, 1999>