Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective...

Barriers to Riches -- Contents -- Tables -- Figures -- Preface -- Acknowledgments -- Introduction -- International Income -- Facts -- Growth Theory with -- No TFP Differences -- Growth Theory with a -- Human Capital Sector -- Growth Theory with -- TFP Differences -- Constraints on Firm --...

Objective: To determine who chooses a Consumer Driven Health Plan (CDHP) in a multi-plan, multi-product setting, and, specifically, whether the CDHP attracts the sicker employees in a company's risk pool.Study Design: We estimated a health plan choice equation for employees of the University of...

This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international...

Why do some countries industrialize much earlier than others? One widely-accepted answer is that markets need to be large enough for producers to find it profitable to bear the fixed cost of introducing modern technologies. This insight, however, has limited explanatory power, as illustrated by...

Health information technology (IT) adoption, it is argued, will dramatically improve patient care. We study the impact of hospital IT adoption on patient outcomes focusing on the roles of technological and organizational complements in affecting IT's value and explore underlying mechanisms...