The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Allocation of Talent: Implications for Growth
Open accessAbstract
A country's most talented people typically organize production by others, so they can spread their ability advantage over a larger scale. When they start firms, they innovate and foster growth, but when they become rent seekers, they only redistribute wealth and reduce growth. Occupational choice depends on returns to ability and to scale in each sector, on market size, and on compensation contracts. In most countries, rent seeking rewards talent more than entrepreneurship does, leading to stagnation. Our evidence shows that countries with a higher proportion of engineering college majors grow faster; whereas countries with a higher proportion of law concentrators grow more slowly.
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Citations
Cites
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
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Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
Knack, S., & Keefer, P. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355300555475 · Cited by 7,484
The institutional environment for economic growth
Henisz, W. J. (2000) · Economics & Politics · doi:10.1111/1468-0343.00066 · Cited by 1,651
Human Capital and Regional Development *
Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013) · The Quarterly Journal of Economics · doi:10.1093/qje/qjs050 · Cited by 1,082
Self-citationProperty Rights and Economic Development*
Besley, T., & Ghatak, M. (2010) · Handbook of Development Economics · doi:10.1016/b978-0-444-52944-2.00006-9 · Cited by 646
Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth
Leite, C., & Weidmann, J. (1999) · IMF Working Papers · doi:10.5089/9781451850734.001 · Cited by 604
Metadata
- Authors
- Murphy, K. M., Shleifer, A., & Vishny, R. W.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-05
- Volume
- 106
- Issue
- 2
- Pages
- 503
- ISSN
- 0033-5533 (ISSN-L)
- OpenAlex
- W2407856457
- Cited by
- 2,092
- References
- 1
- FWCI
- 44.24
- Type
- journal article
- Language
- en
- Open access
- green
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