The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Intermediate Goods and Weak Links in the Theory of Economic Development
Abstract
What explains the enormous differences in incomes across countries? This paper returns to two old ideas: linkages and complementarity. First, linkages between firms through intermediate goods deliver a multiplier similar to the one associated with capital in a neoclassical growth model. Because the intermediate goods share of output is about one-half, this multiplier is substantial. Second, just as a chain is only as strong as its weakest link, problems along a production chain can sharply reduce output under complementarity. These forces considerably amplify distortions to the allocation of resources, bringing us closer to understanding large income differences across countries.(JEL: D57, E23, O1O, O47)
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Cites
The colonial origins of comparative development: An empirical investigation
Acemoglu, D., Johnson, S., & Robinson, J. A. (2001) · American Economic Review · doi:10.1257/aer.91.5.1369 · Cited by 8,517
Economic Origins of Dictatorship and Democracy
Acemoglu, D., & Robinson, J. A. (2005) · doi:10.1017/cbo9780511510809 · Cited by 4,810
Acemoglu, D., & Johnson, S. (2005) · Journal of Political Economy · doi:10.1086/432166 · Cited by 2,385
Gollin, D. (2002) · Journal of Political Economy · doi:10.1086/338747 · Cited by 1,977
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Arkolakis, C., Costinot, A., & Rodríguez-Clare, A. (2012) · American Economic Review · doi:10.1257/aer.102.1.94 · Cited by 1,707
Estimates of the Trade and Welfare Effects of NAFTA
Caliendo, L., & Parro, F. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu035 · Cited by 1,518
“Productivity and Misallocation in General Equilibrium”
Baqaee, D. R., & Farhi, E. (2020) · The Quarterly Journal of Economics · doi:10.1093/qje/qjz030 · Cited by 648
Input Linkages and the Transmission of Shocks: Firm-Level Evidence from the 2011 Tōhoku Earthquake
Boehm, C. E., Flaaen, A., & Pandalai-Nayar, N. (2019) · The Review of Economics and Statistics · doi:10.1162/rest_a_00750 · Cited by 616
The Granular Origins of Aggregate Fluctuations
Gabaix, X. (2009) · National Bureau of Economic Research · doi:10.3386/w15286 · Cited by 494
The Network Origins of Aggregate Fluctuations
Acemoglu, D., Carvalho, V. M., Ozdaglar, A. E., & Tahbaz-Salehi, A. (2011) · SSRN Electronic Journal · doi:10.2139/ssrn.1947096 · Cited by 440
Carvalho, V. M., & Tahbaz-Salehi, A. (2019) · Annual Review of Economics · doi:10.1146/annurev-economics-080218-030212 · Cited by 384
(2015) · doi:10.1596/24368 · Cited by 315
Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement
di Giovanni, J., & Levchenko, A. A. (2010) · American Economic Journal: Macroeconomics · doi:10.1257/mac.2.2.95 · Cited by 279
Metadata
- Authors
- Jones, C. I.
- Venue
- American Economic Journal: Macroeconomics
- Publisher
- American Economic Association
- Published
- 2011-04-01
- Volume
- 3
- Issue
- 2
- Pages
- 1-28
- ISSN
- 1945-7707 (ISSN-L)
- 1945-7715
- OpenAlex
- W2141982717
- Cited by
- 445
- References
- 4
- FWCI
- 78.89
- Type
- journal article
- Language
- en
- Open access
- closed
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