Barriers to Technology Adoption and Development
The authors propose a theory of economic development in which technology adoption and barriers to such adoptions are the focus. The size of these barriers differs across countri...
Publications
6 shownPostwar U.S. Business Cycles: An Empirical Investigation
A study documents some features of aggregate economic fluctuations sometimes referred to as business cycles. The investigation uses quarterly data from the postwar US economy. T...
Rules Rather than Discretion: The Inconsistency of Optimal Plans
Even if there is an agreed-upon, fixed social objective function and policymakers know the timing and magnitude of the effects of their actions, discretionary policy, namely, th...
Monopoly Rights: A Barrier to Riches
Our thesis is that poor countries are poor because they employ arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being u...
Frequent Co-Authors
Researcher Info
- h-index
- 6
- Publications
- 6
- Citations
- 22,813
- Institution
- Federal Reserve Bank of Minneapolis
External Links
Impact Metrics
h-index
6
h-index: Number of publications with at least h citations each.