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The idea of duality has proved to be a powerful device in modern work on the economics of
consumer behaviour. The authors have used duality to provide an integrated and accessible
treatment of this subject. The book focuses on applications of the theory to welfare ...
Over the past 15 years, the availability of cheap and convenient microcomputers has
changed the collection methods and analysis of household survey data in developing
countries, making the data available within months, rather than years. Simultaneously, ...
A Deaton… - The American Economic Review, 1980 - JSTOR
Ever since Richard Stone (1954) first estimated a system of demand equations derived
explicitly from consumer theory, there has been a continuing search for alternative
specifications and functional forms. Many models have been proposed, but perhaps the ...
ABSTRACT This paper is concerned with the theory of saving when consumers are not
permitted to borrow, and with the ability of such a theory to account for some of the stylized
facts of saving behavior. When consumers are relatively impatient, and when labor ...
A Deaton… - The Review of Economic Studies, 1992 - restud.oxfordjournals.org
Abstract This paper applies the standard rational expectations competitive storage model to
the study of thirteen commodities. It explains the skewness, and the existence of rare but
violent explosions in prices, coupled with a high degree of price autocorrelation in more ...
I explore the connection between income inequality and health in both poor and rich
countries. I discuss a range of mechanisms, including nonlinear income effects, credit
restrictions, nutritional traps, public goods provision, and relative deprivation. I review the ...
A Deaton - Journal of econometrics, 1985 - Elsevier
Abstract In many countries, there are few or no panel data, but there exists a series of
independent cross-sections. For example, in the United Kingdom, there are no panel data
on consumers' expenditure or on household labor supply, but there are several large ...
M Browning,
A Deaton… - Econometrica: Journal of the Econometric …, 1985 - JSTOR
The paper presents a general theoretical framework for the analysis of integrated life-cycle
models of consumption and family labor supply under uncertainty. Profit functions are used
to represent intertemporally additive preferences and to yield convenient characterizations ...
We show that standard models of intertemporal choice, including the permanent income
hypothesis, imply that for any given cohort of people born at the same time, inequality in both
consumption and income will grow with age. At any given date, each individual's ...
A Deaton… - Economic and Political Weekly, 2002 - JSTOR
This paper presents a new set of integrated poverty and inequality estimates for India and
Indian states for 1987-88, 1993-94 and 1999-2000. The poverty estimates are broadly
consistent with independent evidence on per capita expenditure, state domestic product ...
A Case… - The Economic Journal, 1998 - Wiley Online Library
We examine the social pension in South Africa, where large cash sums—about twice the
median per capita income of African households—are paid to people qualified by age but
irrespective of previous contributions. We present the history of the scheme and use a ...
A Brown… - The Economic Journal, 1972 - JSTOR
SURVEYS IN APPLIED ECONOMICS :1 MODELS OF CONSUMER BEHAVIOUR2'3 ... I. Brief
History and Introduction II. The Theory of Consumer Behaviour and its Relevance to Demand
Analysis 1 The static theory of consumer preference 2 Separability and homogeneity 3 ...
... SMOOTH? John Campbell Angus Deaton Working Paper No. ... flows. John Campbell
NBER 1050 Massachusetts Avenue Cambridge, MA 0 213 8 Angus Deaton Woodrow
Wilson School Princeton University Princeton, NJ 08544 Page 3. ...
In September 2001, staff from the World Bank and the International Monetary Fund met with
the objective of strengthening collaboration between the two organizations in projects of civil
service reform. This strengthened collaboration will have key benefits in ensuring ...
AS Deaton… - The Journal of Political Economy, 1986 - JSTOR
Page 1. On Measuring Child Costs: With Applications to Poor Countries Angus S. Deaton
Princeton University John Muellbauer Nuffield College The theoretical basis for
measuring child costs is discussed, and de- tailed consideration ...
A Case… - The Quarterly Journal of Economics, 1999 - qje.oxfordjournals.org
Abstract We examine the relationship between educational inputs—primarily pupilteacher
ratios—and school outcomes in South Africa immediately before the end of apartheid
government. Black households were severely limited in their residential choice under ...
A Deaton - Review of Economics and Statistics, 2005 - MIT Press
The extent to which growth reduces global poverty has been disputed for 30 years. Although
there are better data than ever before, controversies are not resolved. A major problem is
that consumption measured from household surveys, which is used to measure poverty, ...
In the literature on economic development, much of the interest in saving has been focused
on the relation between saving and growth. But saving is not only about accumulation. It is
about smoothing consumption in the face of volatile and unpredictable income, and ...
A Deaton - The American Economic Review, 1988 - JSTOR
In many household surveys, geographically clustered households report unit values of
foods, which when corrected for quality effects and for measurement error, indicate the
underlying spatial variation in prices, and can be matched to variation in demand patterns ...
AS Blinder,
A Deaton, RE Hall… - Brookings Papers on …, 1985 - JSTOR
THE RELATIONSHIP between consumer spending and income is one of the oldest
statistical regularities of macroeconomics-and one of the sturdiest. Like the aging movie star,
it needs a little touching up now and again, but always seems to come bouncing back. A ...
S Subramanian… - Journal of political economy, 1996 - JSTOR
We investigate nutrition and expenditure in rural Maharashtra in India. We estimate that the
elasticity of calorie consumption with respect to total expenditure is 0.3-0.5, a range that is in
accord with conventional wisdom. The elasticity declines only slowly with levels of living ...
Page 1. NBER WORKING PAPER SERIES LIFE-CYCLE MODELS OF CONSUMPTION: IS THE
EVIDENCE CONSISTENT WITH THE THEORY? Angus Deaton Working Paper No. ... Angus Deaton,
311 Woodrow Wilson School, Princeton University, Princeton, NJ 08540. n Page 3. ...
A Deaton - The World Bank Research Observer, 2001 - World Bank
Abstract As recent discussions have made clear, the apparent lack of poverty reduction in
the face of historically high rates of economic growth—both in the world as a whole and in
specific countries (most notably India)—provides fuel for the argument that economic ...
A Deaton - Health Affairs, 2002 - Health Affairs
Men in the United States with family incomes in the top 5 percent of the distribution in 1980
had about 25 percent longer to live than did those in the bottom 5 percent. Proportional
increases in income are associated with equal proportional decreases in mortality ...
MH Pesaran… - Econometrica: Journal of the Econometric …, 1978 - JSTOR
Page 1. Econometrica, Vol. 46, No. 3 (May, 1978) TESTING NON-NESTED
NONLINEAR REGRESSION MODELS BY MH PESARAN AND AS DEATON In
Pesaran [9], the test developed by Cox for comparing separate families ...
A Deaton… - Journal of political economy, 1998 - JSTOR
Household scale economics are plausibly attributed to shared household public goods that
make larger households better off at the same level of per capita resources. larger
households should therefore have higher per capita consumption of private goods, such ...
A Deaton - The Journal of Economic Perspectives, 1999 - JSTOR
Once upon a time, a servant of the ruler discovered a miraculous plant, which grew readily in
that country, and whose seeds could be woven into fine cloth. So desirable was this fabric
that it became prized all over the world and fetched a high price. After two-score years, the ...
A Deaton… - Journal of Political Economy, 1996 - JSTOR
By buying cheap and selling dear, risk-neutral commodity speculators can smooth
commodity prices and induce serial dependence in price even when none would exist under
a simple process of supply and demand. Commodity prices are variable and strongly ...
... Chapter URL: http://www.nber.org/chapters/c10324 Chapter pages in book: (p. 129 - 170) Page
2. •4 Mortality, Education, Income, and Inequality among American Cohorts Angus Deaton and
Christina Paxson 4.1 Introduction ... Al- 130 Angus Deaton and Christina Paxson Page 4. ...
A Deaton, RI Miller… - 1995 - princeton.edu
The International Finance Section publishes papers in four series: ESSAYS IN INTER-
NATIONAL FINANCE, PRINCETON STUDIES IN INTERNATIONAL FINANCE, and SPECIAL
PAPERS IN INTERNATIONAL ECONOMICS contain new work not published elsewhere. ...
A Deaton - Handbook of econometrics, 1986 - Elsevier
* I am grateful to E. Berndt, J. Muellbauer, A. Powell, H. Theil, H. Varian, T. Wales, R.
Williams and the editors for helpful comments and criticism. The views expressed, as well as
the remaining errors, remain my own. This is an inadequately revised version of a paper ...
Page 1. This PDF is a selection from an out-of-print volume from the National Bureau of
Economic Research Volume Title: Studies in the Economics of Aging Volume Author/Editor:
David A. Wise, editor Volume Publisher: University of Chicago Press ...
ABSTRACT During 2006, the Gallup Organization conducted a World Poll that used an
identical questionnaire for national samples of adults from 132 countries. I analyze the data
on life satisfaction (happiness) and on health satisfaction and look at their relationships ...
A Deaton - The American Economic Review, 1977 - JSTOR
In a situation where the consumer, every time he makes a purchase, knows accurately his
income and the prices of all the goods which make up his budget, there is no reason to
suppose that the pattern of his purchases will be disturbed by a proportional change in ...
Page 1. NBER WORKING PAPER SERIES INSTRUMENTS OF DEVELOPMENT:
RANDOMIZATION IN THE TROPICS, AND THE SEARCH FOR THE ELUSIVE KEYS TO
ECONOMIC DEVELOPMENT Angus S. Deaton Working Paper 14690 http://www.nber.org/papers/ ...
A Deaton… - Journal of Public Economics, 1984 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Deaton - The Economic Journal, 1989 - JSTOR
In the postwar period, the government of Thailand has exercised a range of policy
instruments that have influenced the prices of agricultural goods. Policies towards the export
of rice have been the most important, but a range of other goods, specifically sugar, rubber ...
AS Deaton, J Ruiz-Castillo… - The Journal of Political Economy, 1989 - JSTOR
Page 1. The Influence of Household Composition on Household Expenditure Patterns: Theory
and Spanish Evidence Angus S. Deaton Princeton Universzty Javier Ruiz-Castillo Instituto
Nacional de Estadistica, Madrid Duncan Thomas Yale University ...
A Deaton - The Review of Economic Studies, 1979 - JSTOR
The use of duality concepts has now become widespread in production and consumption
theory. In both of these areas, one of the central and most useful concepts is the cost or
expenditure function which represents tastes or technology through the minimum cost to ...
A Deaton… - Social Science & Medicine, 2003 - Elsevier
A number of studies have found that mortality rates are positively correlated with income
inequality across the cities and states of the US. We argue that this correlation is confounded
by the effects of racial composition. Across states and Metropolitan Statistical Areas (MSAs ...
AS Deaton… - The American Economic Review, 1998 - JSTOR
Page 1. Aging and Inequality in Income and Health By ANGUS S. DEATON AND
CHRISTINA H. PAXSON * In our previous work, Deaton and Paxson (1994, 1997),
we showed that, in a large group of countries, inequality in ...
A Deaton - Economic and Political Weekly, 2003 - JSTOR
This paper explains a method that can be used to adjust the NSS 55th Round poverty
estimates so as to make them comparable with earlier official estimates. After presenting the
adjusted head-count ratios for all-India and each of the large states, for both urban and ...
A Deaton - The World Bank Economic Review, 1989 - World Bank
Abstract The ability to test for discrimination in the allocation of goods between boys and
girls is hampered by a lack of data on intrahousehold distribution. The analysis presented
here allows inferences about intrahousehold allocation to be made from household-level ...
What is inequality in health? Are economists' standard tools for measuring income inequality
relevant or useful for measuring it? Does income protect health and does income inequality
endanger it? I discuss two different concepts of health inequality and relate each of them ...
A Deaton - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
If optimal tax theory is to be the basis for calculating tax rates, a close understanding is
required of the relationship between the structure of preferences and the configuration of
optimal tax rates. Otherwise hypotheses chosen by the econometrician for practical ...
A Deaton - The Scandinavian Journal of Economics, 1992 - JSTOR
Some ways in which farmers in LDCs can protect their living standards against fluctuations
in income are discussed. After considering the theory of consumption under uncertainty
when there is no or limited borrowing, the case where some borrowing is allowed is also ...
A Deaton… - Princeton, July, 2000 - books.google.com
In India, as in other countries, indexes of consumer prices perform many important functions.
Millions of workers have their wages indexed to some measure of the price level. Just as
important is the issue that is our main focus here, the estimation of poverty. Indian poverty ...
[CITATION] Models and projections of demand in post-war Britain
Angus Deaton - 1975 - CRC Press
A Deaton - The Economic Journal, 1974 - JSTOR
IN the last twenty years, the theory of utility maximisation has had extensive application as a
basis for deriving empirically estimable demand equations. This method of analysing and
measuring demand has tended not to use general utility functions, but rather to depend ...
Page 1. THE EFFECTS OF ECONOMIC AND POPULATION GROWTH ON NATIONAL
SAVING AND INEQUALITY* ANGUS S. DEATON AND CHRISTINA H. PAXSON This
is a progress report on ongoing research into the effects ...
AS Deaton - Econometrica: Journal of the Econometric Society, 1974 - JSTOR
Page 1. Econometrica, Vol. 42, No. 2 (March, 1974) THE ANALYSIS OF CONSUMER
DEMAND IN THE UNITED KINGDOM, 1900-1970 BY ANGUS S. DEATON' This paper
considers the application of various models of consumer ...
A Deaton - Journal of Econometrics, 1987 - Elsevier
Abstract A methodology is proposed that allows the use of expenditure and quantity data
from household surveys to estimate a system of demand equations including freely
estimated own-and cross-price elasticities. Unit values of purchases by individual ...
[CITATION] The analysis of household surveys: microeconometric analysis for development policy
A Deaton - 1994 - Princeton University Press
... The comparison between the two countries is interesting in part because of the different
systems of health care, one 247 6 Mortality, Income, and Income Inequality over Time in
Britain and the United States Angus Deaton and Christina Paxson ...
A Deaton - Economic and Political Weekly, 2003 - JSTOR
Using consumption data from the 43rd, 50th and 55th rounds of the National Sample Survey,
this paper computes for each of the large Indian states, by urban and rural sectors
separately, a range of consumer prices indexes for 1999-2000 relative to 1993-94 and for ...
A Deaton - Journal of African Economies, 1992 - CSAE
Abstract This paper is concerned with the extent to which farmers and other households in
Côte d'lvoire save and dis-save in order to make their consumption smoother than their
incomes. I attempt to test a strict form of inter-temporal smoothing, that consumption ...
A Deaton - Handbook of development economics, 1995 - Elsevier
Ch, 33: Data and Econometric Tools for Development Analysis 1785 Chapter 33 DATA AND
ECONOMETRIC TOOLS FOR DEVELOPMENT ANALYSIS ANGUS DEATON Princeton
University Contents Introduction 1786 1. Data for development economics 1787 1.1. ...
I present a model of mortality and income that integrates the'gradient,'the negative
relationship between income and mortality, with the Wilkinson hypothesis, that income
inequality poses a risk to health. Individual health is negatively affected by relative ...
[CITATION] Theoretical and empirical approaches to consumer demand under rationing
AS Deaton - … in the theory and measurement of …, 1981 - Cambridge: Cambridge University …
A Deaton - Journal of Econometrics, 1990 - Elsevier
Abstract This paper extends and improves the author's earlier work on measuring own-and
cross-price elasticities from spatial variation in prices using household survey data. Double-
logarithmic demand functions are replaced by functions that relate budget shares to the ...
A Deaton - the Journal of economic perspectives, 1998 - JSTOR
Angus Deaton he theory of price indexes is usually left to specialists, but when a suspicion
that something has gone wrong is coupled with the possibility of large political and fiscal
benefits from fixing it, the topic can move into the limelight. I suspect that much of the ...
A Case… - 2005 - nber.org
... The age profiles of health for both men and women rise with age, al- though the rate
at which health deteriorates with age diminishes sharply 6 Broken Down by Work and
Sex: How Our Health Declines Anne Case and Angus Deaton ...
A Banerjee,
A Deaton… - The American economic review, 2004 - ncbi.nlm.nih.gov
What are the determinants of health and of well-being? Income and wealth are clearly part of
the story, but does access to health care have a large independent effect, as the advocates
of more investment in health care, such as the World Health Organization's Commission ...
A Deaton… - Review of Economics and Statistics, 2000 - MIT Press
The lifecycle theory of saving and consumption predicts that changes in an economy's rate
of economic growth will affect its aggregate saving rate by changing the lifetime resources of
younger people relative to older people. However, studies that track the saving behavior ...
Abstract: In spite of India's rapid economic growth, there has been a sustained decline in per
capita calorie consumption during the last twenty-five years. While the decline has been
largest among better-off households, it has taken place throughout the range of household ...
A Deaton - Economics Letters, 1979 - Elsevier
Abstract In a many-person economy with an optimal linear income tax, weak separability
between goods and leisure together with linear Engel curves for goods render
discriminatory commodity taxes unnecessary. The result extends to uniform taxation for ...
A Deaton… - The World Bank Research Observer, 2005 - World Bank
Abstract What happened to poverty in India in the 1990s has been fiercely debated, both
politically and statistically. The debate has run parallel to the wider debate about
globalization and poverty in the 1990s and is also an important part of that debate. The ...
A Deaton - Proceedings of the National Academy of …, 2007 - National Acad Sciences
Abstract Adult height is determined by genetic potential and by net nutrition, the balance
between food intake and the demands on it, including the demands of disease, most
importantly during early childhood. Historians have made effective use of recorded ...
Disease has traveled with goods and people since the earliest times. Armed globalization
spread disease, to the extent of eliminating entire populations. The geography of disease
shaped patterns of colonization and industrialization throughout the now poor world. Many ...
A Deaton - Journal of Economic Literature, 2010 - ingentaconnect.com
Abstract: There is currently much debate about the effectiveness of foreign aid and about
what kind of projects can engender economic development. There is skepticism about the
ability of econometric analysis to resolve these issues or of development agencies to learn ...
People in poor countries live shorter lives than people in rich countries so that, if we scale
income by some index of health, there is more inequality in the world than if we consider
income alone. Such international inequalities in life expectancy decreased for many years ...
A Deaton… - Population and Development Review, 2000 - JSTOR
THIS CHAPTER IS concerned with the effects that changes in demographic structure have
had on Taiwan's national saving rate, and how coming changes in its age structure notably
population aging-will affect the future saving rate. We examine this topic within the ...
A Deaton… - Economics Letters, 1986 - Elsevier
Abstract Optimal commodity taxes for an economy with many households should be at a
uniform proportional rate under certain conditions. These include (i) linear and parallel
Engel curves with intercepts dependent on household composition,(ii) separability ...
Empirical welfare economics attempts to use data on individual or aggregate behavior to
infer the consequences for behavior and for welfare of various actual or contemplated policy
changes. The examples discussed here relate to the calculation of optimal taxes and of ...
Go to AGRIS search. LSMS working paper (1985). The measurement of welfare: theory
and practical guidelines. Deaton, Angus. Publisher, World Bank, Development Research
Department, Washington, DC (USA). Date of publication, 1985. ...
D Kahneman… - Proceedings of the National …, 2010 - National Acad Sciences
Abstract Recent research has begun to distinguish two aspects of subjective well-being.
Emotional well-being refers to the emotional quality of an individual's everyday experience—
the frequency and intensity of experiences of joy, stress, sadness, anger, and affection that ...
A Banerjee,
A Deaton… - Economic and Political Weekly, 2004 - JSTOR
This paper reports on a survey conducted in rural Udaipur to gauge the delivery of health
care and the impact it has on the health status of the largely poor population of the region.
The study shows that the quality of public service is extremely low and that unqualified ...
A Deaton… - Macmillan, 2005 - siteresources.worldbank.org
Page 1. The great Indian poverty debate Angus Deaton Delhi, June 20th, 2005 Page
2. The book ∎ Wide range of views about poverty in India ∎ Past as well as the present:
this volume is part of a long and distinguished Indian tradition ...
A Deaton - Journal of Human Development, 2003 - Taylor & Francis
I consider two issues concerning how to monitor global poverty for the Millennium
Development Goals, the selection of poverty lines, and the data sources for monitoring
poverty over time. I discuss the choice of a single international line, converted using ...
A Tarozzi… - The review of economics and statistics, 2009 - MIT Press
Abstract Recent years have seen widespread use of small-area maps based on census data
enriched by relationships estimated from household surveys that predict variables, such as
income, not covered by the census. The purpose is to obtain putatively precise estimates ...
A Deaton - Princeton Research Program in Development Studies …, 2004 - papers.ssrn.com
Abstract: This paper provides a non-technical account of poverty measurement at the local,
national, and global levels. The political and scientific bases for measurement are
discussed, as are the main strengths and weaknesses of the usual methods for poverty ...
No abstract is available for this item.
A Deaton - Journal of Public Economics, 1977 - Elsevier
Abstract Optimal tax formulae are derived and optimal tax rates calculated for the case
where there are many consumers, an income tax is impossible and the government has to
trade off efficiency in order to improve the real distribution of income. Consistent ...
A Case… - 2003 - books.google.com
Abstract Standard methods of measuring poverty assume that an individual is poor if he or
she lives in a family whose income or consumption lies below an appropriate poverty line.
Such methods provide only limited insight into male and female poverty separately. ...
A Deaton - The Economic Journal, 1978 - JSTOR
For rather more than two decades, applied econometricians have been estimating systems
of demand equations which have been explicitly or implicitly derived from the theory of utility
maximisation. For the most part, such studies have used the traditional specification of ...
S Subramanian… - Sarvekshana, 1991 - princeton.edu
There is a great deal of evidence that males and females in India do not receive equal
allocations of goods, and services. In particular, there is an extensive literature on the
excess mortality of female infants that exists in some parts of India, and that is documented ...
A Deaton - The Economics of Saving and Growth: Theory, …, 1999 - books.google.com
Few economists would attribute the differences in growth rates between Asia and Africa to
the optimal workings of the invisible hand, and most would favor policies that would raise
African growth rates. Even in the absence of distortionary policies and even abstracting ...
G Aneuryn-Evans… - The Review of Economic Studies, 1980 - JSTOR
One of the problems most frequently encountered by the applied econometrician is the
choice between logarithmic and linear regression models. Economic theory is rarely of great
help although there are cases where one or other specification is clearly inappropriate; for ...
A Deaton - The American economic review, 2008 - ncbi.nlm.nih.gov
This paper explores the relationship between adult heights and the distribution of income
across populations of individuals. There is a long literature that examines the relationship
between mean adult heights and living standards. If adult height is set by the balance ...
A Deaton… - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
One of the most important current questions in economic analysis is whether or not labor
markets clear in the short run. To answer this, it is necessary to be able to distinguish
between restricted and unrestricted behavior by consumers supplying labor. This paper ...
O Ashenfelter,
A Deaton… - 1986 - getcited.org
An academic directory and search engine.
A Deaton - The American Economic Review, 2010 - ingentaconnect.com
Abstract: I discuss the measurement of world poverty and inequality, with particular attention
to the role of purchasing power parity (PPP) price indexes from the International Comparison
Project. Global inequality increased with the latest revision of the ICP, and this reduced ...
[CITATION] Model selection procedures, or does the consumption function exist
AS Deaton - Evaluating the reliability of macroeconomic models, 1982 - Wiley New York
[CITATION] The allocation of goods within the household: Adults, children, and gender
A Deaton - 1988 - World Bank Publications
AA Stone, JE Schwartz… - Proceedings of the …, 2010 - National Acad Sciences
Abstract Psychological well-being (WB) includes a person's overall appraisal of his or her
life (Global WB) and affective state (Hedonic WB), and it is considered a key aspect of the
health of individuals and groups. Several cross-sectional studies have documented a ...
A Deaton… - Journal of Applied Econometrics, 1995 - Wiley Online Library
Abstract This paper is concerned with the estimation of a model in which a possibly serially
correlated stochastic process, the 'harvest'of an agricultural commodity, generates a
competitive price in a market comprising both final consumers and risk-neutral speculators ...
Poverty counts are counts of individuals in poverty but are calculated from household or
family data on income or expenditure. The transition from one to the other requires
assumptions about intrahousehold allocation, about differences in needs across different ...
During 2006, the Gallup Organization conducted a World Poll that used an identical
questionnaire for national samples of adults from 132 countries. I analyze the data on life
satisfaction (happiness) and on health satisfaction and look at their relationships with ...
A Deaton… - Papers, 1988 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
PPP-based national accounts have become an important part of the database for
macroeconomists, development economists, and economic historians. Frequently used
global data come from the Penn World Table (PWT) and the World Bank's World ...
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