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Publications (3)
Working Paper
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– Lessons from 19th-century America and 21st-century China
How do modern fiscal states arise? Perhaps the most dominant explanation, based on the European experience, is that democratic institutions that limited the extractive power of states—exemplified by the 1688 Glorious Revolution in England—paved the way for the rise of fiscal capacity and subsequent...
Working Paper
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Inequality in the distribution of family income, which had remained virtually unchanged since the end of World War II until 1968, has increased sharply since then. Inequality in household wealth has increased even more dramatically, with the share of the top one per cent doubling since 1976. Perhaps...
Working Paper
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– Geographic Concentration and Convergence of Internet Industries in the US
This paper investigates the effect of information technology on industrial patterns of concentration and convergence. Information-technology intensive industries exhibit slower employment convergence than other industries. The regression estimates suggest that the highest-IT industries exhibit...
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