Journal Publications

"Trade Liberalization versus Protectionism: Dynamic Welfare Asymmetries"
with Ana Maria Santacreu and  Michael J. Sposi
European Economic Review, 2024, Vol. 163, pp. 104692
Working Paper
https://doi.org/10.1016/j.euroecorev.2024.104692

"Majority Voting in a Model of Means Testing"
with  Buly A. Cardak and  Gerhard Glomm
European Economic Review, February 2020, Vol. 122, Article 103351
Working Paper
https://doi.org/10.1016/j.euroecorev.2019.103351

"Capital Accumulation and Dynamic Gains from Trade"
with Ana Maria Santacreu and  Michael J. Sposi
Journal of International Economics, July 2019, Vol. 119, pp. 93-110
Working Paper
https://doi.org/10.1016/j.jinteco.2019.04.009

"Explaining Cross-Cohort Differences in Life Cycle Earnings"
with  Yu-Chien Kong and Guillaume Vandenbroucke
European Economic Review, August 2018, Vol. 107, pp. 157-184
Working Paper
https://doi.org/10.1016/j.euroecorev.2018.06.005

"Capital Goods Trade, Relative Prices, and Economic Development"
with  Piyusha Mutreja and  Michael J. Sposi
Review of Economic Dynamics, January 2018, Vol. 27, pp. 101-122
Working Paper
https://doi.org/10.1016/j.red.2017.11.003

"Measuring Openness to Trade"
with  Michael E. Waugh
Journal of Economic Dynamics & Control, November 2016, Vol. 72, pp. 29-41
Working Paper
https://doi.org/10.1016/j.jedc.2016.03.009

"Talent, Labor Quality, and Economic Development"
with  German Cubas and  Gustavo Ventura
Review of Economic Dynamics, July 2016, Vol. 21, pp. 160-181
Working Paper
https://doi.org/10.1016/j.red.2015.06.004

"The Quantitative Importance of Openness in Development"
with  Wenbiao Cai and  Raymond Riezman
Economic Inquiry, October 2015, Vol. 53, No. 4, pp. 1839-1849
Working Paper
https://doi.org/10.1111/ecin.12216

"Unemployment Insurance Fraud and Optimal Monitoring"
with  David L. Fuller and  Yuzhe Zhang
American Economic Journal-Macroeconomics, April 2015, Vol. 7, No. 2, pp. 249-290
Working Paper
https://doi.org/10.1257/mac.20130255

"Price Equalization, Trade Flows, and Barriers to Trade"
with  Piyusha Mutreja,  Raymond Riezman, and  Michael J. Sposi
European Economic Review, August 2014, Vol. 70, pp. 383-398
Working Paper
https://doi.org/10.1016/j.euroecorev.2014.05.005

"Why do Education Vouchers Fail at the Ballot Box?"
with  Peter Bearse,  Buly A. Cardak, and  Gerhard Glomm
European Journal of Political Economy, December 2013, Vol. 32, pp. 26-37
Working Paper
https://doi.org/10.1016/j.ejpoleco.2013.06.005

"Optimal Auditing and Insurance in a Dynamic Model of Tax Compliance"
with  Yuzhe Zhang
Theoretical Economics, May 2012, Vol. 7, No. 2, pp. 241-282
Working Paper
https://doi.org/10.3982/te737

"The Return to Capital and the Business Cycle"
with  Paul Gomme and  Peter Rupert
Review of Economic Dynamics, April 2011, Vol. 14, No. 2, pp. 262-78
https://doi.org/10.1016/j.red.2010.11.004

"A Generalized Volatility Bound for Dynamic Economies"
with  Christopher Otrok and Charles Whiteman
Journal of Monetary Economics, November 2007, Vol. 54, No. 8, pp. 2269-90

"Public Education and Income Inequality"
with  Gerhard Glomm
European Journal of Political Economy, June 2003, Vol. 19, No. 2, pp. 289-300

"Habit Formation: A Resolution of the Equity Premium Puzzle?"
with  Christopher Otrok and Charles Whiteman
Journal of Monetary Economics, September 2002, Vol. 49(6), pp. 1261-88

"Costly Technology Adoption and Capital Accumulation"
with  Aubhik Khan
Review of Economic Dynamics, April 2002, Vol. 5, No. 2, pp. 489-502

"Evaluating Asset-Pricing Models using the Hansen-Jagannathan Bound: A Monte Carlo Investigation"
with  Christopher Otrok and Charles Whiteman
Journal of Applied Econometrics, April-March 2002, Vol. 17, No. 2, pp. 149-74

"Human Capital Accumulation and Endogenous Public Expenditures"
with  Gerhard Glomm
Canadian Journal of Economics-Revue Canadienne d'Economique, August 2001, Vol. 34, No. 3, pp. 807-26

"Growth and Risk-Sharing with Private Information"
with  Aubhik Khan
Journal of Monetary Economics, June 2001, Vol. 47, No. 3, pp. 499-521

"Capital Markets and the Evolution of Family Businesses"
with  Uptal Bhattacharya
Journal of Business, April 2001, Vol. 74, No. 2, pp. 187-219

"Robust Wald Tests in SUR Systems with Adding-up Restrictions"
with  Surajit Ray and  Eugene Savin
Econometrica, May 2000, Vol. 68(3), pp. 715-719

"On the Political Economy of Means-Tested Education Vouchers"
with  Peter Bearse and  Gerhard Glomm
European Economic Review, May 2000, Vol. 44(4-6), pp. 904-15

"Minimum Consumption Requirements: Theoretical and Quantitative Implications for Growth and Distribution"
with  Satyajit Chatterjee
Macroeconomic Dynamics, December 1999, Vol. 3 (4), pp. 482-505

"Competitive Equilibrium and Public Investment Plans"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, August 1999, Vol. 23, No. 8, pp. 1207-24

"Chaotic Dynamics in a Cash-in-Advance Economy"
with  Ronald Michener
Journal of Economic Dynamics & Control, July 1998, Vol. 22, No. 7, pp. 1117-37

"Increasing Returns, Human Capital, and the Kuznets Curve"
with  Gerhard Glomm
Journal of Development Economics, April 1998, Vol. 55 (2), pp. 353-67

"Opting Out of Publicly Provided Services: A Majority Voting Result"
with  Gerhard Glomm
Social Choice and Welfare, February 1998, Vol. 15, No. 2, pp. 187-99

"Flat-Rate Taxes, Government Spending on Education, and Growth"
with  Gerhard Glomm
Review of Economic Dynamics, January 1998, Vol. 1, No. 1, pp. 306-25

"Productive Government Expenditures and Long Run Growth"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, January 1997, Vol. 21, No. 1, pp. 183-204

"Endogenous Public Policy and Multiple Equilibria"
with  Gerhard Glomm
European Journal of Political Economy, April 1996, Vol. 11, No. 4, pp. 653-62

"Equilibrium Theories of the Kuznets Curve: A Review""
with  Gerhard Glomm
Cuadernos Economicos, 1995, Vol. 3, No. 61, pp. 78-94

"Public Investment in Infrastructure in a Simple Growth Model"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, November 1994, Vol. 18(6), pp. 1173-87

"Growth-Inequality Tradeoffs in a Model with Public Sector R&D"
with  Gerhard Glomm
Canadian Journal of Economics-Revue Canadienne d'Economique, May 1994, Vol. 27, No. 2, pp. 484-93

"Productive Government Expenditures and Long Run Growth (reprint)"
Cuadernos Economicos, 1994, Vol. 3

"Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria""
with  Satyajit Chatterjee and  Russell Cooper
Review of Economic Studies, October 1993, Vol. 60, No. 4, pp. 795-811

"Public versus Private Investment in Human Capital: Endogenous Growth and Income Inequality"
with  Gerhard Glomm
Journal of Political Economy, August 1992, Vol. 100, No. 4, pp. 818-34

"A Neoclassical Model of Seasonal Fluctuations"
with  Satyajit Chatterjee
Journal of Monetary Economics, February 1992, Vol. 29(1), pp. 59-86