Macroeconomic development remains an important policy goal because of its ability to lift
entire populations out of poverty. In our review of the literature, we emphasize that the best …

Many developing economies adopt industrial policies favoring selected sectors. Is there an
economic logic to this type of intervention? I analyze industrial policy when economic …

Movement of labor from agriculture to nonagriculture and the associated increase in farm
size through structural transformation are at the core of economic development. We conduct …

We study the effect of place-based industrial policy on economic development, focusing on
the establishment of Special Economic Zones (SEZ) in China. We use data from a panel of …

China's economic reforms over the past 40 years have led to a mixed economic structure
with the government playing a key role in an increasingly market-driven economy. This …

This article is based on the presidential address delivered at the EEA Annual Congress
2016. It discusses China's institutional and economic transformation through the lens of the …

This article studies the structural transformation of Russia in 1885–1940 from an agrarian to
an industrial economy through the lens of a two-sector neoclassical growth model. We …

We construct an endogenous growth model with random interactions where firms are
subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade …

This paper introduces the Susceptible-Infectious-Recovered model into the Bewley-type
incomplete market model and uses it to study the impact of the coronavirus disease (COVID …

Ellner, S. 2013.“Social and Political Diversity and the Democratic Road to Change in
Venezuela.” Latin American Perspectives 40 (3): 63–82. El Telegrafo. 2014.“Ecuador …