NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Trapped Factors and China's Impact on Global Growth

Nicholas Bloom, Paul M. Romer, Stephen J. Terry, John Van Reenen

NBER Working Paper No. 19951
Issued in March 2014

---- Acknowledgements -----

We thank the ESRC for financial support through the Centre for Economic Performance and the National Science Foundation. A portion of this paper was written while Stephen Terry was a visitor at the Federal Reserve Bank of Richmond. This paper does not necessarily represent the views of the Federal Reserve System or the Federal Reserve Bank of Richmond. We would like to thank our formal discussants, Chad Jones and Michael Sposi as well as Steve Redding and participants in seminars at Harvard, LSE, Philadelphia, San Diego, WEAI Seattle, West Coast Trade Workshop, and Stanford. A summarized version of this paper is available as Bloom, Romer, Terry and Van Reenen (2013). All of the data and code used to produce the quantitative results in this paper, as well as an Online Appendix, can be found at Nicholas Bloom's website: http://www.stanford.edu/nbloom/. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Paul M. Romer -----

My work on urbanization has been supported by gifts to New York University from Donald B. Marron and Leonard B. Stern.

---- Disclosure of Financial Relationships for Stephen J. Terry -----

I have received dissertation fellowship funding from the Stanford Institute for Economic Policy Research (SIEPR) as a Bradley Fellow.

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