In this paper we examine whether nonlinearities in the aggregate production function can explain parameter heterogeneity in the Solow (1956) growth regressions. Nonlinearities in the production technology are introduced by replacing the linear Cobb-Douglas specification with the more general CES specification. We justify our choice of production function by showing that in the context of cross-...

Historically, improvements in municipal water quality led to substantial mortality decline today’s wealthy countries. However, disinfection has not consistently produced large benefits lower-income We study this issue by analyzing a large-scale program Mexico that increased chlorination coverage urban areas from 58 percent over 90 within 18 months. estimate the reduced childhood diarrheal disea...

Farmers often buy water using fixed fees—rather than with marginal prices. We use two randomized controlled trials in Bangladesh to study the relationship between prices, adoption of a water-saving technology, and usage. Our first experiment shows that technology only saves when farmers face second finds an encouragement voluntarily convert hourly pumping charges does not save water. Taken toge...

while ignoring income distribution and estimating aggregate demand generally leads to aggregation bias and thus, does not reflect households’ demand properly, yet aggregation bias is rarely considered in empirical demand studies and simply is ignored in most cases. the objective of the present study is to estimate aggregation bias in households’ demand for various types of meats and to evaluate...

We study a simple savings scheme that allows workers to defer receipt of part their wages for three months at zero interest. The significantly increases during the deferral period, leading higher postdisbursement spending on lumpy goods. Two years later, after two additional rounds scheme, we find treated have made permanent improvements homes. popularity implies lack good alternative options. ...

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price uncertainty. We consider the prospect theory for the firm's utility function in the two moment model known as (mu,sigma)-preference. In contrast to the literature our findings show that the production under uncertainty can be larger than in the certainty case. Furthermore, we demonst...

We document that nearly half of the global decline in agricultural employment was driven by new cohorts entering labor market. A dataset policy reforms supports an interpretation these cohort effects as human capital. Using a model frictional reallocation, we conclude capital growth led to sharp supply, accounting, at fixed prices, for 40 percent decrease employment. This aggregate effect is ha...

abstract research and development (r&d;) spending plays a major role in innovation, raising productivity and increasing economic growth. the purpose of this paper is to investigate the impact of r&d; spending on growth and total factor productivity (tfp) in iran's agricultural sector. we estimate growth and productivity models using auto-regressive distributed lag (ardl) approach and data over ...