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 6 Oct 2025Published Jul 2026
This paper constructs an instrumental variable for technology news shocks using patent applications, relaxing all identifying assumptions traditionally used in the news-shock literature. The IV is the …
PublishedClassicThe Review of Economics and StatisticsPublished Aug 1957
Robert Solow's 1957 paper proposes a simple method for separating shifts in the aggregate production function ("technical change," broadly defined) from movements along it caused by capital …