Advances in Economics and Econometrics

Daron Acemoglu is the Elizabeth and James Killian Professor of Economics at the Massachusetts Institute of Technology and the recipient of the John Bates Clark Medal in 2005. He is the author of numerous works including Economic Origins of Dictatorship and Democracy, with James Robinson (Cambridge University Press, 2006) and Introduction to Modern Economic Growth (2009). He is the current editor of Econometrica. Manuel Arellano is a Professor of Econometrics at CEMFI, Madrid. His many published articles have appeared in numerous journals, including Econometrica, the Journal of Econometrics and The Economic Journal. He is the author of Panel Data Econometrics (2003) and currently serves as second vice-president of the Econometric Society. Eddie Dekel is the William R. Kenan, Jr Professor of Economics at Northwestern University and Grace and Daniel Ross Professor of Economics at Tel Aviv University. He is a member of the American Academy of Arts and Sciences, a past editor of Econometrica, and a current associate editor of Theoretical Economics and the Journal of Economic Literature.

Part I. Finance: 1. Macroeconomics with financial frictions: a survey Markus K. Brunnermeier, Thomas M. Eisenbach and Yuliy Sannikov; Part II. Political Economy: 2. Institutional comparative statics James A. Robinson and Ragnar Torvik; 3. The political economy of mass media Andrea Prat and David Strömberg; 4. Comments on Prat and Strömberg, and Robinson and Torvik Marco Battaglini; 5. Job search, labor force participation, and wage rigidities Robert Shimer; 6. From wages to welfare: decomposing gains and losses from rising inequality Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante; Part III. Trade and Firm Dynamics: 7. Trade liberalization and firm dynamics Ariel Burstein and Marc J. Melitz; 8. International trade: linking micro and macro Jonathan Eaton, Samuel Kortum and Sebastian Sotelo; Part IV. Growth: 9. Structural development accounting Gino Gancia, Andreas Müller and Fabrizio Zilibotti; 10. Misallocation, economic growth, and input-output economics Charles I. Jones; Part V. Frisch Lecture: 11. Trade and labor market outcomes Elhanan Helpman, Oleg Itskhoki and Stephen Redding; Part VI. Perspectives on Chinese Economic Growth: 12. The China miracle demystified Justin Y. Lin; 13. Is precocious export sophistication a source of China's growth success? Computing the share of domestic value added in exports when processing trade is prevalent Robert Koopman, Zhi Wang and Shang-Jin Wei; 14. Perspectives on China's economic growth patent rights Yingyi Qian.