A Theory of Falling Growth and Rising Rents
NBER Working Paper No. 26448
---- Acknowledgments ----
Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the Federal Reserve System, the Bank of France, the Eurosystem, or the National Bureau of Economic Research. We are grateful to Sina Ates, Paco Buera, Sam Kortum, and Gilles St. Paul for very helpful discussions.