This 1992 Quarterly Journal of Economics paper by Mankiw, Romer, and Weil tests whether Robert Solow's (1956) neoclassical growth model, augmented to include accumulation of human as well as physical …
PublishedJournal of Money, Credit and BankingOnline 9 Sep 2024Published Aug 2026
This paper develops a two-country currency union DSGE model with endogenous TFP growth and product and labor market frictions to assess how cross-country differences in market regulation affect …
India liberalised foreign equity investment industry by industry in 2001 and 2006, and that staggered timing identifies what the policy did to the *distribution* of capital rather than only its level. …
PublishedClassicQuarterly Journal of EconomicsPublished Nov 2009
In a monopolistic-competition model with heterogeneous firms, a plant's revenue productivity should be equalised within an industry unless the plant faces distortions -- so the dispersion of revenue …
PublishedReview of Economic StudiesOnline 7 Nov 2025Published Jul 2026
This paper asks how cities grow in the process of structural transformation — specifically, whether urban expansion occurs at the intensive margin (higher density within a fixed area) or the extensive …
PublishedClassicQuarterly Journal of EconomicsPublished May 2007
Backing the marginal product of capital straight out of output, the capital stock and the capital share gives a return in poor countries more than twice that in rich ones -- until two corrections are …
PublishedQuarterly Journal of EconomicsOnline 26 Dec 2024Published Apr 2025
When did sustained productivity growth begin in England? This paper constructs new estimates of the evolution of productivity in England from 1250 to 1870, with the goal of both dating the onset of …
If two countries produce the same good with the same constant-returns technology, diminishing returns imply the poorer one has the higher marginal product of capital -- and on 1988 data, US output per …