NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Growth and Structural Transformation

Berthold Herrendorf, Richard Rogerson, Ákos Valentinyi

NBER Working Paper No. 18996
Issued in April 2013

---- Acknowledgments ----

We thank Francesco Caselli, Rachel Ngai, Todd Schoellman, and Gustavo Ventura for commenting on earlier versions of this manuscript and Christopher Herrington for excellent research assistance. For financial support, Herrendorf thanks the Spanish Ministry of Education (Grants ECO2009-11165 and ECO2012-31358), Rogerson thanks both the NSF and the Korea Science Foundation (WCU-R33-10005) and Valentinyi thanks the Hungarian Scientific Research Fund (OTKA) (Project K-105660-ny) 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 Richard Rogerson ----

This research received financial support from the National Science Foundation and the Korea Science Foundation.

I have received financial support in excess of $10,000 over the last three years from the Federal Reserve Bank of Minneapolis, the Federal Reserve Bank of Atlanta, the American Enterprise Institute, the Environmental Protection Agency and the World Bank.

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