Wilbur John Coleman
Biographic Data
| ID | 5868094 |
|---|---|
| NAME | Wilbur John Coleman |
| GIVEN NAMES | Wilbur John |
| FAMILY NAME | Coleman |
| SIGNATURE | COLEMAN W J |
| AFFILIATIONS | Duke University |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 55 |
| AUTHOR COUNT | 9 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1990 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 2 |
On the Theory of Ethnic Conflict
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy's resources. The role of ethnicity is to enforce coalition membership: in ethnically homogeneous societies members of the losing coalition can defect to the winners at low cost, and this rules out conflict as an equilibrium outcome. We derive a number of implications of the model relating social, political, and economic indicators such as …
The World Technology Frontier
We study cross-country differences in the aggregate production function when skilled and unskilled labor are imperfect substitutes. We find that there is a skill bias in cross-country technology differences. Higher-income countries use skilled labor more efficiently than lower-income countries, while they use unskilled labor relatively and, possibly, absolutely less efficiently. We also propose a simple explanation for our findings: rich countrie…
Cross-Country Technology Diffusion
We use data on imports of computer equipment for a large sample of countries between 1970-90 to investigate the determinants of computer-technology adoption. We find strong evidence that computer adoption is associated with higher levels of human capital and with manufacturing trade openness vis-à-vis the OECD. We also find evidence that computer adoption is enhanced by high investment rates, good property rights protection, and a small share of …
The U.S. Structural Transformation and Regional Convergence
We present a joint study of the U.S. structural transformation (the decline of agriculture as the dominating sector) and regional convergence (of southern to northern average wages). We find empirically that most of the regional convergence is attributable to the structural transformation: the nationwide convergence of agricultural wages to nonagricultural wages and the faster rate of transition of the southern labor force from agricultural to no…
A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles
This paper develops and estimates a monetary model that offers an explanation of some puzzling features of observed returns on equities and default-free bonds. The key feature of the model is that some assets other than money play a special role in facilitating transactions. The model is capable of producing a low risk-free rate, a high equity premium, and an average positive relationship between maturity and term premium for default-free bonds. …
Solving Nonlinear Dynamic Models on Parallel Computers
Solving Nonlinear Dynamic Models on Parallel Computers
This article describes an algorithm that takes advantage of parallel computing to solve discretetime recursive systems that have an endogenous state variable. The algorithm is shown to work well on a CRAY X-MP vector processor as well as on a network of stand-alone workstations that simulates a multiprocessor computer
Solving the Stochastic Growth Model by Policy-Function Iteration
This article describes a computer algorithm that solves the stochastic growth model by iterating on a fixed-point equation in the decision rule determining consumption as a function of the state variables. This algorithm does not discretize the state space, but rather it preserves the continuous domain of the capital stock and the productivity shock. The main advantage of this algorithm is that it is based on a Euler equation and thus it has a st…
Solving the Stochastic Growth Model by Policy-Function Iteration
The U.S. Structural Transformation and Regional Convergence
We present a joint study of the U.S. structural transformation (the decline of agriculture as the dominating sector) and regional convergence (of southern to northern average wages). We find empirically that most of the regional convergence is attributable to the structural transformation: the nationwide convergence of agricultural wages to nonagricultural wages and the faster rate of transition of the southern labor force from agricultural to no…
A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles
This paper develops and estimates a monetary model that offers an explanation of some puzzling features of observed returns on equities and default-free bonds. The key feature of the model is that some assets other than money play a special role in facilitating transactions. The model is capable of producing a low risk-free rate, a high equity premium, and an average positive relationship between maturity and term premium for default-free bonds. …
Solving the Stochastic Growth Model by Policy-Function Iteration
This article describes a computer algorithm that solves the stochastic growth model by iterating on a fixed-point equation in the decision rule determining consumption as a function of the state variables. This algorithm does not discretize the state space, but rather it preserves the continuous domain of the capital stock and the productivity shock. The main advantage of this algorithm is that it is based on a Euler equation and thus it has a st…
Solving the Stochastic Growth Model by Policy-Function Iteration
Solving Nonlinear Dynamic Models on Parallel Computers
Solving Nonlinear Dynamic Models on Parallel Computers
This article describes an algorithm that takes advantage of parallel computing to solve discretetime recursive systems that have an endogenous state variable. The algorithm is shown to work well on a CRAY X-MP vector processor as well as on a network of stand-alone workstations that simulates a multiprocessor computer
A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles
This paper develops and estimates a monetary model that offers an explanation of some puzzling features of observed returns on equities and default-free bonds. The key feature of the model is that some assets other than money play a special role in facilitating transactions. The model is capable of producing a low risk-free rate, a high equity premium, and an average positive relationship between maturity and term premium for default-free bonds. …
Cross-Country Technology Diffusion
We use data on imports of computer equipment for a large sample of countries between 1970-90 to investigate the determinants of computer-technology adoption. We find strong evidence that computer adoption is associated with higher levels of human capital and with manufacturing trade openness vis-à-vis the OECD. We also find evidence that computer adoption is enhanced by high investment rates, good property rights protection, and a small share of …
The U.S. Structural Transformation and Regional Convergence
We present a joint study of the U.S. structural transformation (the decline of agriculture as the dominating sector) and regional convergence (of southern to northern average wages). We find empirically that most of the regional convergence is attributable to the structural transformation: the nationwide convergence of agricultural wages to nonagricultural wages and the faster rate of transition of the southern labor force from agricultural to no…
The World Technology Frontier
We study cross-country differences in the aggregate production function when skilled and unskilled labor are imperfect substitutes. We find that there is a skill bias in cross-country technology differences. Higher-income countries use skilled labor more efficiently than lower-income countries, while they use unskilled labor relatively and, possibly, absolutely less efficiently. We also propose a simple explanation for our findings: rich countrie…
On the Theory of Ethnic Conflict
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy's resources. The role of ethnicity is to enforce coalition membership: in ethnically homogeneous societies members of the losing coalition can defect to the winners at low cost, and this rules out conflict as an equilibrium outcome. We derive a number of implications of the model relating social, political, and economic indicators such as …
Economics (5 works) · Mathematics (5 works) · Economic Growth and Productivity (4 works) · Economic theories and models (4 works) · Computer Science (3 works) · Econometrics (3 works) · Mathematical optimization (3 works) · Applied Mathematics (2 works) · Complex Systems and Time Series Analysis (2 works) · Economic growth (2 works)