Tasso Adamopoulos, Diego Restuccia

NBER Working Paper No. 25780
Issued in April 2019

---- Acknowledgments ----

For helpful comments we are grateful to the Editor and four anonymous referees, Berta Esteve-Vollart, Doug Gollin, Charles Gottlieb, Hugo Hopenhayn, David Lagakos, Todd Schoellman, Sebastian Sotelo, and seminar participants at the 2012 SED meetings in Cyprus, INEGI-ITAM Workshop on Productivity, 2013 LACEA meetings in Mexico City, 2014 NASM meetings in Minneapolis, 2014 ESEM meetings in Toulouse, Oxford, IIES-Stockholm, McMaster, Ryerson, York, Brown, and Montreal. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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