- Excellent tradetalks podcast with Dave Donaldson has a detailed discussion with him on his work looking at the impact of railroads on development in India and in U.S. economic history.
The latest Journal of Economic Perspectives includes:
- Acemoglu provides a summary of Donaldson’s work that led to him receiving the Bates Clark medal
- Several papers on risk preferences, including discussion of whether risk preferences are stable and how to think about them if they are not (interesting sidenote in this is a comment on how much measurement error there is when using incentivized lotteries – the correlations between risk premia measured for the same individual using different experimental choices can be quite low, and correlations tend to be higher for survey measures – and speculation that the measurement error may be worse in developing countries “large share of the papers that document contradictory effects of violent conflict or natural disasters use experimental data from developing countries, but these tools were typically developed in the context of high-income countries. They may be more likely to produce noisy results in samples that are less educated, partly illiterate, or less used to abstract thinking)
- a series of papers on how much the U.S. gains from trade
- development impact links