Titan Alon, Minki Kim, David Lagakos, Mitchell VanVuren

NBER Working Paper No. 27273
Issued in May 2020, Revised in August 2020

---- Acknowledgments ----

For helpful comments we thank Gaby Cugat, James Dzansi, Norman Loayza, Valerie Ramey, Nii Sowa, Ernesto Stein, Henry Telli and seminar/conference participants at Exeter, Geneva, the IADB, UCSD and the World Bank. 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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