Replication data for: Intermediate Goods and Weak Links in the Theory of Economic Development
Principal Investigator(s): View help for Principal Investigator(s) Charles I. Jones
Version: View help for Version V1
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Project Citation:
Jones, Charles I. Replication data for: Intermediate Goods and Weak Links in the Theory of Economic Development. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114198V1
Project Description
Summary:
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What explains the enormous differences in incomes across countries? This paper returns to two old ideas: linkages and complementarity. First, linkages between firms through intermediate goods
deliver a multiplier similar to the one associated with capital in a neoclassical growth model. Because the intermediate goods share of output is about one-half, this multiplier is substantial. Second, just as a chain is only as strong as its weakest link, problems along a production chain can sharply reduce output under complementarity. These forces considerably amplify distortions to the allocation of resources, bringing us closer to understanding large income differences across countries.(JEL: D57, E23, O1O, O47)
Scope of Project
JEL Classification:
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D57 General Equilibrium and Disequilibrium: Input-Output Tables and Analysis
E23 Macroeconomics: Production
O10 Economic Development: General
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
D57 General Equilibrium and Disequilibrium: Input-Output Tables and Analysis
E23 Macroeconomics: Production
O10 Economic Development: General
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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