Publications
- Rule of Law, Economic Structure and Development
Canadian Journal of Economics/Revue canadienne d'économique - Accepted
International Economic Review - Accepted
Joint with Alicia H. Dang, Union College.
Click here for the Appendix.
- Human Capital Accumulation at Work: Estimates for the World and Implications for Development
American Economic Journal - Macroeconomics, Volume 15(3), July 2023, 191-223.
Joint with Remi Jedwab, George Washington University, Paul Romer, New York University and Asif Islam, World Bank. An earlier version was issued as World Bank Policy Research Paper 9786.
Joint with Xiaohan Ma, Texas Tech University.
Journal of Risk and Financial Management, Volume 15(8), August 2022, 344.
Joint with Alicia Dang, Union College.
- The Embodiment Controversy: on the Policy Implications of Vintage Capital models
Journal of Money, Credit and Banking, Volume 54(5), August 2022, 1175-1222.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
- The Macroeconomic Impact of Oil Earnings Uncertainty: New Evidence from Analyst Forecasts
Energy Economics, Volume 90, August 2020, 104832.
Joint with Xiaohan Ma, Texas Tech University.
- The Relative Price of Capital and Economic Structure
Review of Economic Dynamics, Volume 37, July 2020, Pages 127-155.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
- Uncertainty, Depreciation and Industry Growth
European Economic Review 120, November 2019, 103314.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
- Deconstructing Uncertainty.
European Economic Review 119, October 2019, 22-41.
Joint with Xiaohan Ma, Texas Tech University.
- Entrepreneurship, College and Credit: The Golden Triangle.
Journal of Money, Credit and Banking 51(7), October 2019, 1765-1813.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
I dedicate my contribution to this paper to the memory of Prof. Waheed Hussain.
- Productivity Differences and Structural Transformation.
Review of Economic Dynamics 21, July 2016, 266–285.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
- Technology and Contractions: Evidence from Manufacturing.
European Economic Review, 79, October 2015, 172-195.
Joint with Juliana Yu Sun, Monetary Authority of Singapore.
Click here for the technical appendix and for tables with additional results.
- Demand for Contract Enforcement in a Barter Economy.
Social Choice and Welfare 41(1), June 2013, 73-97. Joint with Anna Rubinchik, Western Galilee College.
An earlier version was issued as UC- Boulder Working Paper 06-04. - Knowledge Spillovers and Intellectual Property Rights.
International Journal of Industrial Organization 31(1), January 2013, 50-63.
An earlier version was issued as MPRA Working Paper 22348 under the title Financing Creative Destruction. The current version supersedes the working version. - Structural Change and Financing Constraints.
Journal of Monetary Economics 59(2), March 2012, 166-179.
Joint with Anna Ilyina, International Monetary Fund.
An earlier version is available as IMF Working Paper 09/119.
Here is a youtube video about the paper. You can also find it here on bilibili.
- Technology and Financial Development.
Journal of Money, Credit and Banking 43(5), August 2011, 899-921.
Joint with Anna Ilyina, International Monetary Fund.
An earlier version is available as IMF Working Paper 08/182.
Here is a youtube video about the paper. You can also find it here on bilibili.
- Accounting for Research and Productivity Growth Across Industries
Review of Economic Dynamics 14(3), July 2011, 475-495.
Joint with Rachel Ngai, London School of Economics.
Earlier versions were issued as CEP Discussion Paper 0914, CEPR Discussion Paper DP 6408 and CEP Discussion Paper 0762.
- Entry, Exit and Investment-Specific Technical Change
American Economic Review 100(1), March 2010, 164-192.
Earlier versions were issued as PIER Working Paper 09-020 and PIER Working Paper 08-013
- Mapping Prices into Productivities in Multi-sector Growth Models
Journal of Economic Growth 14(3), September 2009, 183-205.
Joint with Rachel Ngai, London School of Economics.
Earlier versions were issued as CEPR Discussion Paper 7318 and CEP Discussion paper DP 869. - Entry, Exit and Business Cycles in a General Equilibrium Model.
Review of Economic Dynamics 11(3), July 2008, 529-541. - Can Technical Change Exacerbate the Effects of Labor Market Sclerosis?
Journal of Economic Dynamics and Control 32(2), February 2008, 497-528.
- R&D and Growth: The Missing Link?
Macroeconomic Dynamics 11(5), November 2007, 691-714. - Organizational Capital, Technology Adoption and the Productivity Slowdown.
Journal of Monetary Economics 53(7), October 2006, 1555-1569. Click here for the Appendix.
- Industrial Subsidies and Technology Adoption in General Equilibrium.
Journal of Economic Dynamics and Control 30(9-10), September-October 2006, 1589-1614.
- Do Firing Costs affect the Incidence of Firm Bankruptcy?
Macroeconomic Dynamics 10(4), September 2006, 467-501. - Employment Protection and High-Tech Aversion.
Review of Economic Dynamics 9(2), April 2006, 224-241.