20 June 2018
The combination of weak financial development and weak rule of law can sharply reduce output per capita in developing countries, in some cases by as much as 50 percent, according to a study by
Ashantha Ranasinghe and
Diego Restuccia.
19 June 2018
A slowdown in the rate of increase in educational attainment is a key explanatory of the declining rate of productivity growth in the U.S., according to an analysis by
Robert J. Gordon. Another contributing factor is the maturity of the IT revolution, which helps to explain the flattening of the college wage premium.
18 June 2018
China’s high speed rail (HSR) network reduces the cost of face-to-face interactions between skilled workers who work in different cities.
Xiaofang Dong,
Siqi Zheng, and
Matthew E. Kahn find that skilled workers’ productivity rises when secondary cities are connected by bullet train to major cities, where the best universities are located.