Publication Search Results

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
Papers | American Economic Review: Papers and Proceedings | Forthcoming | 2014
Building on Buera and Shin (2013) and Buera, Kaboski and Shin (2011), we use a quantitative general equilibrium model of occupational choice with frictions in credit markets to analyze the aggregate and distributional impacts of a one-time,...
Francisco J. Buera
Slides | 2012

This presentation was given by Francisco Buera at the Flow of Funds Accounts and Savings Workshop in April of 2012.

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
Slides | 2012

This presentation was given by Joseph Kaboski, with co-authors Francisco Buera and Yongseok Shin, at the "Financial Deepening, Macro-Stability, and Growth in Developing Countries"...

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
Papers | American Economic Review | 101 | 5 | 2011

Income differences across countries primarily reflect differences in total factor productivity (TFP). More disaggregate data suggest that the TFP gap between rich and poor countries varies systematically across industrial sectors of the economy...

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
Working Papers | NBER Working Paper No. 17905 | 2011

This paper provides a quantitative evaluation of the aggregate and distributional impacts of economy-wide microfinance or other credit programs targeted toward small-scale entrepreneurs.  In our analysis, we find that the redistributive...

Francisco J. Buera, Yongseok Shin, Benjamin Moll
Working Papers | 2011

Market failures provide a rationale for policy intervention.  But policies are often hard to alter once in place.  We argue that this inertia can result in well-intended policies having sizable negative long-run effects on aggregate...

Francisco J. Buera, Yongseok Shin
Working Papers | 2010

Why doesn't capital flow into fast-growing countries?  This paper provides a model incorporating heterogeneous producers and underdeveloped domestic financial markets to study the joint dynamics of total factor productivity (TFP) and...

Francisco J. Buera, Yongseok Shin
Working Papers | 2010

We study the welfare cost of market incompleteness in a generalized Bewley model where idiosyncratic risk takes the form of entrepreneurial productivity shocks. Market incompleteness in our framework has two dimensions. First, in the Bewley...

Francisco J. Buera
Papers | Annals of Finance | 5 | 3 | 2009

Does wealth beget wealth and entrepreneurship, or is entrepreneurship mainly determined by an individual’s ability? A large literature studies the relationship between wealth and entry to entrepreneurship to inform this question. This...

Francisco J. Buera, Joseph Kaboski
Papers | Journal of the European Economic Association | 7 | 2-3 | 2009

Two traditional explanations for structural changes are sector-biased technological progress and non-homothetic preferences. This paper integrates both into an otherwise standard growth model and quantitatively evaluates them vis-a-vis time...