Productivity and the Welfare of Nations
NBER Working Paper No. 17971
---- Acknowledgements -----
We are grateful to Andrew Abel, Mikhail Dmitriev, John Fernald, Gita Gopinath and Chad Jones for very useful suggestions and to Jose Bosca for sharing with us his tax data. We have also received helpful comments from presentations at Bocconi University, Clark University, the Federal Reserve Bank of Richmond, MIT, Pompeu Fabra University and the NBER Monetary Economics Program Meeting. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.