This paper uses an open-economy extension of Angeletos (2007) to study the effects of reducing public equity costs. The experiment is disciplined with firm-level and aggr[...]

Ecuador, a developing small open economy, serves as an important case study for aggregate productivity growth and input reallocation. Since little is known about the econ[...]

This paper quantifies the effects of improving public equity markets on macroeconomic aggregates and welfare. I use an open-economy extension of Angeletos (2007), where e[...]

Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world. However, recent resear[...]

From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries. The employment rate, employment per working age person, d[...]