We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of a balanced aggregate growth path, with all aggregates growing at the same rate, and structural change, characterized by sectoral labor reallocation. The conditions needed are weak restrictions on the utility and production functions: goods should be...

The canonical model of Allingham and Sandmo (1972) predicts that firms evade taxes by optimally trading off between the costs benefits evasion. However, there is no direct evidence react to audits in this way. We conducted a large-scale field experiment collaboration with tax authority address question. sent letters 20,440 small- medium-sized collectively paid more than US$200 million per year....

Applying the Foster, Haltiwanger, and Krizan (2001) decomposition to plant-level manufacturing data from Chile Korea, we find that entry exit of plants account for a larger fraction aggregate productivity growth during periods fast GDP growth. To analyze this relationship, develop model firm based on Hopenhayn (1992). When introduce reforms reduce costs or barriers technology adoption into cali...

participants will be introduced to the risks associated with excessive early childhood televiewing and develop an understanding of the current recommended guidelines for children’s television exposure. my research agenda in montreal (canada) addresses modifiable factors in early childhood that influence human development. from birth through the preschool years, exponential brain maturation is c...

Is market-based or bank-based financial system better for fostering technological innovation as an engine of growth? I present evidence that bank-based systems promote rapid technological progress in those industrial sectors that depend heavily on external finance for funding innovation by facilitating credit access to younger firms. On the other hand, I also find evidence of a general positive...