Based on evidence from national data, Henderson, Storeygard and Weil (AER 2012) suggest that growth of night lights can proxy reliably for growth of regional GDP in low-income countries where GDP data is frequently lacking or of poor quality. Using...

This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities...

This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and...