The Success and Failure of Reforms in Transition Economies (2005)
Parente, Stephen L., Rios-Rull, Jose-Victor.
Journal of Money, Credit, and Banking - Volume 37, Number 1, February 2005
This paper argues that Russia's performance and China's performance under capitalism have differed dramatically because different arrangements governing the determination of prices and work practices...
The Success and Failure of Reforms in Transition Economies (2001)
. This paper argues that the different experiences of Russia and China under capitalism are the consequence of different arrangements governing the determination of prices and work practices that...
Technology adoption and growth
Stephen L. Parente, Edward C. Prescott
Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth...
The Food Problem and the Evolution of International Income Levels
Douglas Gollin, Stephen L. Parente, Richard Rogerson
This paper examines the effect of agricultural development on a country's overall development and growth experience. In most poor countries, large fractions of land, labor, and other productive...
Barriers to Technology Adoption and Development.
Parente, Stephen L, Prescott, Edward C
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 countries and time. The...
Homework in Development Economics: Household Production and the Wealth of Nations
Stephen L. Parente, Richard Rogerson, Randall Wright
We introduce home production into the neoclassical growth model and examine its consequences for development economics. In particular, we study the extent to which one can account for international...
The Success and Failure of Reforms in Transition Economies.
Parente, Stephen L, Rios-Rull, Jose-Victor
This paper argues that an important reason why Russia's performance and China's performance under capitalism have differed dramatically is that different arrangements governing the determination of...
Changes in the wealth of nations
Stephen L. Parente, Edward C. Prescott
This study systematically examines the distribution of the wealth of nations and how it has evolved over time. A nation's wealth is measured by its real per-capita gross domestic product. The study...
A Unified Theory of the Evolution of International Income Levels
Parente, Stephen L., Prescott, Edward C., Philippe Aghion, Steven Durlauf
This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of...
Household production and development
Stephen L. Parente, Richard Rogerson, Randall Wright
The authors introduce home production into the neoclassical growth model and examine its consequences for development economics. They focus on how well differences in policies that distort capital...
SLOW DEVELOPMENT AND SPECIAL INTERESTS
This article argues that a natural implication of an innovation-based theory of growth is that slow development facilitates the formation of special interest groups. We demonstrate this in a growth...
Learning-by-Using and the Switch to Better Machines
In an attempt to account for the huge observed disparity in international incomes, several recent papers study models in the spirit of Solow (1960) where the adoptions of better technologies require...
Farm Work, Home Work, and International Productivity Differences
Douglas Gollin, Stephen L. Parente, Richard Rogerson
Agriculture's share of economic activity is known to vary inversely with a country's level of development. This paper examines whether extensions of the neoclassical growth model can account for some...
Monopoly Rights: A Barrier to Riches
Stephen L. Parente, Edward C. Prescott
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 used inefficiently. In...
Changes in the Wealth of States
Manfred W. Keil, Stephen L. Parente
We compare the distributions of U.S. state per worker output and state per capita personal income, and document their changes over time. Our analysis reveals important differences between the two...
Monopoly rights: a barrier to riches
Stephen L. Parente, Edward C. Prescott
Our thesis is that poor countries are poor because they employee arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being used inefficiently....
A unified theory of the evolution of international income levels
Stephen L. Parente, Edward C. Prescott
This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of...
Path Dependence, Uneven Industrialization and Special Interests
This paper puts forth a theory to explainwhy special interest groups are more prevelant in some countries. Its thesis is that uneven industrialization facilitates the formation of special interest...
Market Size, Trade, and the Resistance to the Adoption of Better Technology
Klaus Desmet, Stephen L. Parente
Why is the adoption of more productive technologies more fiercely resisted in some societies than in others? This paper examines the role of market size and free trade in determining whether firms or...
A Model of Technology Adoption and Growth.
We construct a model of economic growth in which firms adopt more advanced technologies. In order to advance its technology, a firm must make an investment. The size of this depends on the size of...
A model of technology adoption and growth
We construct a model of economic growth in which firms adopt more advanced technologies. In order to advance its technology, a firm must make an investment. The size of this investment depends on the...
Technology Adoption and Growth
Stephen L. Parente, Edward C. Prescott
Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth...
Bigger is better: Market size, demand elasticity and innovation
Klaus Desmet, Stephen L. Parente
This paper proposes a novel mechanism whereby larger markets increase competition and facilitate process innovation. Larger markets, in the sense of more people or more open trade, support a larger...
FARM WORK, HOME WORK AND INTERNATIONAL PRODUCTIVITY DIFFERENCES
Gollin, Douglas, Parente, Stephen L., Rogerson, Richard
Agriculture’'s share of economic activity is known to vary inversely with a country’'s level of development. This paper examines whether extensions of the neoclassical growth model can account...