Roberto M. SamaniegoMy Curriculum 
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I am currently interested in the role of technological progress in the processes of economic growth and development, and in how policy might affect growth and development through its impact on technological progress or technological adoption decisions.

Roberto Samaniego has Erdos Number 5, and Einstein number 6.

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  1. Technology and Contractions: Evidence from Manufacturing.
    European Economic Review, 79, October 2015, 172-195.

    Joint with Juliana Yu Sun, Singapore Management University.
    Click here for the technical appendix and for tables with additional results.

  2. Productivity Differences and Structural Transformation.
    Review of Economic Dynamics, forthcoming.

    Joint with Juliana Yu Sun, Singapore Management University.

  3. Demand for Contract Enforcement in a Barter Economy.
    Social Choice and Welfare 41(1), June 2013, 73-97.
    Joint with Anna Rubinchik, University of Haifa.
    An earlier version was issued as UC- Boulder Working Paper 06-04.

  4. Knowledge Spillovers and Intellectual Property Rights.
    International Journal of Industrial Organization 31(1), January 2013, 50-63.

    An earlier version was issued as MPRA Working Paper 22348 under the title Financing Creative Destruction. The current version supersedes the working version.

  5. Structural Change and Financing Constraints.
    Journal of Monetary Economics 59(2), March 2012, 166-179.

    Joint with Anna Ilyina, International Monetary Fund.
    An earlier version is available as IMF Working Paper 09/119.

  6. Technology and Financial Development.
    Journal of Money, Credit and Banking 43(5), August 2011, 899-921.

    Joint with Anna Ilyina, International Monetary Fund.
    An earlier version is available as IMF Working Paper 08/182.

  7. Accounting for Research and Productivity Growth Across Industries
    Review of Economic Dynamics 14(3), July 2011, 475-495.

    Joint with Rachel Ngai, London School of Economics.
    Earlier versions were issued as CEP Discussion Paper 0914, CEPR Discussion Paper DP 6408 and CEP Discussion Paper 0762.

  8. Entry, Exit and Investment-Specific Technical Change
    American Economic Review 100(1), March 2010, 164-192.

    Earlier versions were issued as PIER Working Paper 09-020 and PIER Working Paper 08-013

  9. Mapping Prices into Productivities in Multi-sector Growth Models
    Journal of Economic Growth 14(3), September 2009, 183-205.
    Joint with Rachel Ngai, London School of Economics.
    Earlier versions were issued as CEPR Discussion Paper 7318 and CEP Discussion paper DP 869.

  10. Entry, Exit and Business Cycles in a General Equilibrium Model.
    Review of Economic Dynamics 11(3), July 2008, 529-541.

  11. Can Technical Change Exacerbate the Effects of Labor Market Sclerosis?
    Journal of Economic Dynamics and Control 32(2), February 2008, 497-528.

  12. R&D and Growth: The Missing Link?
    Macroeconomic Dynamics 11(5), November 2007, 691-714.

  13. Organizational Capital, Technology Adoption and the Productivity Slowdown.
    Journal of Monetary Economics 53(7), October 2006, 1555-1569.

  14. Industrial Subsidies and Technology Adoption in General Equilibrium.
    Journal of Economic Dynamics and Control 30(9-10), September-October 2006, 1589-1614.

  15. Do Firing Costs affect the Incidence of Firm Bankruptcy?
    Macroeconomic Dynamics 10(4), September 2006, 467-501.

  16. Employment Protection and High-Tech Aversion.
    Review of Economic Dynamics 9(2), April 2006, 224-241.

Working Papers

  • Uncertain Technology
    Joint with Xiaohan Ma, George Washington University.

    This paper explores macroeconomic dynamics in an environment where agents cannot see the values of fundamentals, but rather develop non-degenerate beliefs about their true values based on noisy signals. The response to investment-specific shocks is both muted and more persistent, and noise shocks have persistent effects even though noise itself is not persistent.

  • Investment-Specific Technical Change and Growth Around the World.
    Joint with Juliana Yu Sun, Singapore Management University.

    The contribution of investment specific technical progress in most countries is small because accounting for natural resource income implies that capital shares are small. Also in many places standard measures of ISTC suggest it slows growth instead of contributing to it. We find this is partly due to differences in the composition of capital across countries, which is interpretable as country differences in embodied R&D. We also find that ISTC and growth rates are positively correlated.

  • Education, Entrepreneurship and Credit: A General Equilibrium Model.
    Joint with Juliana Yu Sun, Singapore Management University.

    Although entrepreneurs are disproportionately college educated, a college education does not make for better entrepreneurs: fianncing constraints are responsible. Policy experiments indicate that financing constraints on education significantly affect entrepreneurial choice, and financing constraints on entrepreneurs significantly affect educational choice.

  • Joint Determination of Product and Labor Market Policies in a Model of Rent Creation, Rent Division and Self-employment.
    Joint with Alain Delacroix, Université du Québec à Montréal. In progress, new version soon.

    A general equilibrium model of occupational choice is used to study who benefits and loses from a variety of policies that in practice are often clustered together.

  • Between Alpha and Beta: Modeling the impact of Regulatory Constraints on the Hedge Fund Industry.
    Joint with Anna Ilyina, International Monetary Fund.

    A large panel of hedge fund returns provides strong evidence of an impact of both size and talent on hedge fund returns, consistent with the controversial model of Berk and Green (2004). We study the implications of these features for the industry response to proposed changes in regulation. Leverage caps can have a large impact on the industry, whereas changes in due diligence costs have little effect on the industry as they mainly impact the smallest funds.

roberto "at"