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About the Author(s)


Chang-Tai Hsieh is the Phyllis and Irwin Winkelried Professor of Economics at the University of Chicago's Booth School of Business. For several years he, Nick Bloom, and Chris Woodruff have co-organized a meeting at the NBER Summer Institute on development, productivity, and innovation. He is a member of the Steering Group of the International Growth Centre at the London School of Economics.

Before joining the faculty at Chicago, he was an associate professor and professor at the University of California, Berkeley, and an assistant professor at Princeton University. He recently served as the coeditor of the Journal of Economic Perspectives. He is a fellow of Academia Sinica, a recipient of the Sun Yefang Award from the Chinese Academy of Social Sciences, and a Sloan Foundation Research Fellow. His research focuses on development and economic growth.

Peter Klenow Profile.jpg

Pete Klenow is codirector with Mark Gertler of the NBER's Economic Fluctuations and Growth Program. He is the Landau Professor of Economics at Stanford University, and the Gordon and Betty Moore Fellow at the Stanford Institute for Economic Policy Research.

Before joining the Stanford faculty, he was a senior economist at the Federal Reserve Bank of Minneapolis and an assistant and associate professor at the University of Chicago's Booth School of Business. He is currently an associate editor of the Quarterly Journal of Economics and Econometrica, and previously served on the Board of Editors of the American Economic Review.

He is a member of the American Academy of Arts and Sciences, and a fellow of the Econometric Society. He serves as a panelist on the IGM Booth Economic Experts Panel, and a regular visiting scholar at the Federal Reserve Banks of Minneapolis and San Francisco. He is currently a Special Sworn Status researcher at the U.S. Census Bureau, and has previously had Intergovernmental Personnel Act assignments at the U.S. Bureau of Labor Statistics.

Klenow's research uses micro data (on prices and productivity, for example) to try to shed light on macro questions such as the causes of growth and development.


1. C. Hsieh and P. Klenow, "Misallocation and Manufacturing TFP in China and India," NBER Working Paper  13290, August 2007, and Quarterly Journal of Economics, 124(4), 2009, pp. 1403–48.   Go to ⤴︎
2. C. Pagés, The Age of Productivity: Transforming Economies from the Bottom Up, Inter-American Development Bank, New York, NY: Palgrave Macmillan, 2010.   Go to ⤴︎
3. E. Bartelsman, J. Haltiwanger and S. Scarpetta, "Cross-country Differences in Productivity: The Role of Allocation and Selection," NBER Working Paper 15490, November 2009, and the American Economic Review, 103(1), 2013, pp. 305–34.   Go to ⤴︎
4. S. Parente and E. Prescott, Barriers to Riches, Cambridge, MA: MIT Press, 2000; and J. Schmitz, "What Determines Productivity? Lessons from the Dramatic Recovery of the U.S. and Canadian Iron Ore Industries Following Their Early 1980s Crisis," Journal of Political Economy, 2005, 113(3), pp. 582–625.   Go to ⤴︎
5. C. Hsieh and P. Klenow, "The Lifecycle of Manufacturing Plants in India and Mexico," NBER Working Paper  18133, June 2012, and Quarterly Journal of Economics, 129(3), 2014, pp. 1035–84.   Go to ⤴︎
6. R. Caballero, E. Engel, and J. Haltiwanger, "Aggregate Employment Dynamics: Building from Microeconomic Evidence," NBER Working Paper 5042, February 1995, and the American Economic Review, 87(1), 1997, pp. 115–37; and R. Cooper and J. Haltiwanger, "On the Nature of Capital Adjustment Costs," NBER Working Paper 7925, September 2000, and the Review of Economic Studies, 73(3), 2006, pp. 611–33.   Go to ⤴︎
7. J. Asker, A. Collard-Wexler, and J. De Loecker, "Dynamic Inputs and Resource (Mis)Allocation," NBER Working Paper 17175, June 2011, and the Journal of Political Economy, 122(5), 2014, pp. 1013–63.   Go to ⤴︎
8. P. Aghion, R. Burgess, S. Redding, and F. Zilibotti, "The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India," NBER Working Paper 12031, February 2006, and the American Economic Review, 98(4), 2008, pp. 1397–1412.   Go to ⤴︎
9. McKinsey Global Institute, "India—From Emerging to Surging," McKinsey Quarterly 4, Emerging Markets, 2001, pp. 28–50.   Go to ⤴︎
10. R. La Porta and A. Shleifer, "Informality and Development," NBER Working Paper 20205, June 2014, and the Journal of Economic Perspectives, 28(3), 2014, pp. 109–26.   Go to ⤴︎
11. D. Lagakos, "Explaining Cross-Country Productivity Differences in Retail Trade," forthcoming in the Journal of Political Economy, 2016.   Go to ⤴︎
12. S. Levy, Good Intentions, Bad Outcomes, Washington, DC: Brookings Institution Press, 2008.   Go to ⤴︎
13. N. Bloom, C. Genakos, R. Sadun, and J. Van Reenen, "Management Practices Across Firms and Countries," NBER Working Paper 17850, February 2012.   Go to ⤴︎
14. C. Hsieh, E. Hurst, C. Jones, and P. Klenow, "The Allocation of Talent and U.S. Economic Growth," NBER Working Paper 18693, January 2013.   Go to ⤴︎
15. V. Hnatkovska, A. Lahiri, and S. Paul, "Castes and Labor Mobility," American Economic Journal: Applied Economics, 4(2), 2012, pp. 274–307.   Go to ⤴︎
16. D. Atkin and D. Donaldson, "Who's Getting Globalized? The Size and Nature of Intranational Trade Costs," NBER Working Paper 21439, July 2015.   Go to ⤴︎
17. A. Costinot and D. Donaldson, "How Large are the Gains from Economic Integration? Theory and Evidence from U.S. Agriculture, 1880–1997," MIT Working Paper, January 2014.   Go to ⤴︎
18. R. Lucas, Lectures on Economic Growth, Cambridge, MA: Harvard University Press, 2002. Go to ⤴︎

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