Working Papers

From University of Toronto, Department of Economics
150 St. George Street, Toronto, Ontario.
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2005: Wake up and smell the ginseng: The rise of incremental innovation in low-wage countries

Diego Puga and Daniel Trefler

2005: Competing for Talents

Ettore Damiano, Hao Li and Wing Suen

2005: On Capital Market Imperfections as a Source of Low TFP and Economic Rents

Andres Erosa and Ana Hidalgo-Cabrillana

2005: A Quantitative Theory of the Gender Gap in Wages

Andres Erosa, Luisa Fuster and Diego Restuccia

2005: Causes of sprawl: A portrait from space

Marcy Burchfield, Henry Overman, Diego Puga and Matthew Turner

2005: A General Equilibrium Analysis of Parental Leave Policies

Andres Erosa, Luisa Fuster and Diego Restuccia

2005: Income Inequality During China's Economic Transition

Dwayne Benjamin, Loren Brandt, John Giles and Sangui Wang

2005: Market Structure and Communicable Diseases

Stéphane Mechoulan

2005: A Signaling Theory of Grade Inflation

William Chan, Hao Li and Wing Suen

2005: Extinction by Miscalculation

Mart Gross, Pablo Montagnes, Mike Parkes, Paul Riis, Barbara Roberts and Matthew Turner

2005: Party formation in single-issue politics

Martin Osborne and Rabee Tourky

2005: Before and After the Black Death: Money, Prices, and Wages in Fourteenth-Century England

John Munro

2005: Spanish Merino Wools and the Nouvelles Draperies: An Industrial Transformation in the Late-Medieval Low Countries

John Munro

2005: The Debate about Mandatory Retirement in Ontario Universities: Positive and Personal Choices about Retirement at 65

John Munro

2005: Builders' Wages in Southern England and the Southern Low Countries, 1346 -1500:A Comparative Study of Trends in and Levels of Real Incomes

John Munro

2005: Estimation of Panel Data Models with Binary Indicators when Treatment Effects are not Constant over Time

Audrey Laporte and Frank Windmeijer

2004: First in Village or Second in Rome

Ettore Damiano, Hao Li and Wing Suen

2003: The Evolution of Income Inequality in Rural China

Dwayne Benjamin, Loren Brandt and John Giles

2003: Price and Environment in Electricity Restructuring

Donald Dewees

2003: Liquidity, Interest Rates and Output

Shouyong Shi

2003: Directed Search On the Job and the Wage Ladder

Alain Delacroix and Shouyong Shi

2003: A Search-Theoretic Model of Bureaucracy and Corruption

Shouyong Shi and Ted Loch Temzelides

2003: Do Dropouts Drop Out Too Soon? Evidence from Changes in School-Leaving Laws

Philip Oreopoulos

2003: Landscape Preferences and Patterns of Residential Development

Matthew Turner

2003: State Dependent Preferences Can Explain the Equity Premium Puzzle

Angelo Melino and Alan Yang

2003: Scarce Collateral and Bank Reserves

Miquel Faig and Gregory Gagnon

2003: Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis

Diego Restuccia, Dennis Yang and Xiaodong Zhu

2003: The Usefulness of Corruptible Elections

Loren Brandt and Matthew Turner

2003: Ceaseless Toil? Health and Labor Supply of the Elderly in Rural China

Dwayne Benjamin, Loren Brandt and Elliott Fan

2003: A Theory of Commerce: Competitive Search Under Private Information

Miquel Faig and Belén Jerez

2002: A Fundamental Theory of Exchange Rates and Direct Currency Trades

Allen Head and Shouyong Shi

2002: Aggregate Employment Fluctuations and Agricultural Share

Jose Da Rocha and Diego Restuccia

2002: Intergenerational Persistence of Earnings: The Role of Early and College Education

Diego Restuccia and Carlos Urrutia

2002: Knowledge creation and control in organizations

Diego Puga and Daniel Trefler

2002: Barriers to Capital Accumulation and Aggregate Total Factor Productivity

Diego Restuccia

2002: Nominal Bonds and Interest Rates: The Case of One-Period Bonds

Shouyong Shi

2002: Friedman Meets Hosios: Efficiency in Search Models of Money

Aleksander Berentsen, Guillaume Rocheteau and Shouyong Shi

2002: Signalling in the Internet Craze of Initial Public Offerings

Melanie Cao and Shouyong Shi

2002: The Extent of the Market and the Optimal Degree of Specialization

Shouyong Shi

2002: Frictional Assignment, Part II: Infinite Horizon and Inequality

Shouyong Shi

2002: Gold, Guilds, and Government: The Impact of Monetary and Labour Policies on the Flemish Cloth Industry, 1390-1435

John Munro

2002: Postan, Population, and Prices in Late-Medieval England and Flanders

John Munro

2002: Industrial Change in the Fifteenth- and Sixteenth-Century Low Countries: the Arrival of Spanish Merino Wools and the Expansion of the 'Nouvelles Draperies'

John Munro

2002: Prices, Wages, and Prospects for 'Profit Inflation' in England, Brabant, and Spain, 1501 - 1670: A Comparative Analysis

John Munro

2002: Local Government Behavior and Property Right Formation in Rural China

Loren Brandt, Scott Rozelle and Matthew Turner

2002: The Role of Agriculture in Aggregate Business Cycle Fluctuations

Jose Da Rocha and Diego Restuccia

2002: Agriculture and Income Distribution in Rural Vietnam under Economic Reforms: A Tale of Two Regions

Dwayne Benjamin and Loren Brandt

2001: Common Risk Factors in Explaining Canadian Equity Returns

Michael Berkowitz

2001: Real and Monetary Shocks to the Canadian Dollar: Do Canada and the U.S Form an Optimal Currency Area?

Jack Carr and John Floyd

2001: A Search Theory of Money and Commerce with Neoclassical Production

Miquel Faig

2001: Industrial Energy from Water-Mills in the European Economy, Fifth to Eighteenth Centuries: the Limitations of Power

John Munro

2001: The Origins of the Modern Financial Revolution: Responses to Impediments from Church and State in Western Europe, 1200 - 1600

John Munro

2001: Meetings with Costly Participation: An Empirical Investigation

Matthew Turner and Quinn Weninger

2001: Ownership, Risk and Performance of Mutual Fund Management Companies

Michael Berkowitz and Jiaping Qiu

2001: Money, Wages, and Real Incomes in the Age of Erasmus: The Purchasing Power of Coins and of Building Craftsmen's Wages in England and the Low Countries, 1500 - 1540

John Munro

2001: Competing Premarital Investment

Michael Peters and Aloysius Siow

2001: Imports and the Jacksonian Economy: The Business Cycle and the Balance of Payments

T. Dick and John Floyd

2001: Internet Auctions with Many Traders

Michael Peters and Sergei Severinov

2001: From sectoral to functional urban specialisation

Gilles Duranton and Diego Puga