NBER Working Paper No. 17546
---- Acknowledgements -----
I am grateful to UNIDO for making the INDSTAT4 data base available. I also thank Cynthia Balloch for research assistance, the Weatherhead Center for International Affairs and the Center for International Development at Harvard for financial assistance, and Daron Acemoglu and Jonathan Temple for very useful suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.