Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Business (91)
- Other Economics (53)
- Economic Theory (44)
- Political Economy (35)
- Public Affairs, Public Policy and Public Administration (35)
-
- Education (33)
- Growth and Development (28)
- Labor Relations (28)
- Arts and Humanities (27)
- Human Resources Management (26)
- Health Economics (22)
- Medicine and Health Sciences (22)
- Public Economics (22)
- Macroeconomics (18)
- Labor Economics (17)
- Public Health (17)
- Economic History (16)
- International Economics (16)
- Econometrics (15)
- International and Area Studies (11)
- Technology and Innovation (11)
- Physical Sciences and Mathematics (10)
- Economic Policy (9)
- Behavioral Economics (8)
- Finance (8)
- Philosophy (8)
- Regional Economics (8)
- Ethics and Political Philosophy (7)
- Institution
-
- University of Richmond (108)
- University of Nebraska at Omaha (75)
- Old Dominion University (65)
- Wright State University (64)
- College of Saint Benedict and Saint John's University (60)
-
- Connecticut College (37)
- The University of San Francisco (34)
- Gettysburg College (32)
- Valparaiso University (31)
- University of Kentucky (14)
- Bentley University (9)
- Western Kentucky University (7)
- Bridgewater State University (4)
- Providence College (2)
- Wilfrid Laurier University (2)
- California State University, San Bernardino (1)
- South Dakota State University (1)
- Keyword
-
- Economics (36)
- Efficiency (13)
- Adam Smith (10)
- Education (10)
- Monetary policy (10)
-
- Economic development (9)
- Information (9)
- Manufacturing (9)
- China (8)
- Employment (8)
- Ethics (8)
- Productivity (8)
- United States (8)
- Bureau of Business Research (7)
- Construction and Mining (7)
- Farm Income (7)
- Net Taxable Retail Sales (7)
- Retail Trade (7)
- Services (7)
- Unemployment (7)
- Wholesale Trade (7)
- Africa (6)
- Economic forecasts (6)
- Ethics in economics (6)
- Government (6)
- Increasing returns (6)
- Asymmetric Information (5)
- Credit Markets (5)
- Fiscal policy (5)
- Inflation (5)
- Publication Year
- File Type
Articles 1 - 30 of 546
Full-Text Articles in Economics
Monetary Policy And Racial Differentials In Labor Market Outcomes, Tsvetomir Petkov, Charles L. Weise
Monetary Policy And Racial Differentials In Labor Market Outcomes, Tsvetomir Petkov, Charles L. Weise
Economics Faculty Publications
This paper examines the empirical relationship between monetary policy and racial and ethnic labor market outcomes. Estimating structural vector autoregressions with external instruments, we find a much larger response of labor market outcome gaps than has been documented previously. These differential outcomes persist for Black workers of both sexes even within the same age group and level of educational attainment, while Hispanic and white responses are similar within such groupings. Estimates based on individual-level data show that distributional differences in demographic characteristics, as well as occupation and industry of employment, account for a large portion of the Hispanic-white unemployment gap …
Plastic Waste Imports & Coastal Litter: Evidence From Citizen Science Data, Rebecca L.C. Taylor, Hebe Williams, Shan Zhang
Plastic Waste Imports & Coastal Litter: Evidence From Citizen Science Data, Rebecca L.C. Taylor, Hebe Williams, Shan Zhang
Economics Faculty Publications
Plastic waste is an internationally traded commodity, where importing countries recycle plastic waste into usable materials. However, there are concerns that the importation process creates plastic litter - a negative externality - in importing countries. While this concern has received much media and policy attention, quantifying the magnitude of this externality has been hindered by a lack of data on plastic litter across countries and over time. To this end, we use unconventional citizen science data on litter from Ocean Conservancy's International Coastal Cleanup, together with the United Nations Comtrade Database, to estimate the correlation between traded plastic waste and …
A Practitioner’S Guide To Panel Data Quantile Regression, Antonio F. Galvao, Carlos Lamarche
A Practitioner’S Guide To Panel Data Quantile Regression, Antonio F. Galvao, Carlos Lamarche
Economics Faculty Publications
Quantile regression for panel data has become a common model of interest for econometricians and statisticians. The theoretical literature has addressed important questions, including identification, estimation, and statistical inference. Although recent advances have enabled practitioners to estimate flexible models under a wide range of assumptions, practical issues have not been fully addressed. In this paper, we offer a guide to empirical practice intended to help applied researchers navigate the challenges of estimation and inference for panel quantile models. We also present a series of practical recommendations and illustrations, emphasizing both “why” and the “how” to help researchers with the implementation …
But Who Are The Victims? Reassessing The 568 Higher Education Cartel, James V. Koch
But Who Are The Victims? Reassessing The 568 Higher Education Cartel, James V. Koch
Economics Faculty Publications
Thirty prestigious independent American institutions of higher education were at some time members of the 568 higher education group (often labeled a cartel). Seventeen of them were sued by the U.S. Government and representative students who alleged that their meetings and deliberations resulted in collusion that caused students to pay higher prices. Twelve of the seventeen institutions subsequently settled their cases and by 2024 collectively had paid $284 million to do so. However, an inspection of these institutions' pricing reveals that the median 568 Group institution lowered its average real net annual cost to its undergraduate students by 19.07% between …
Assessing Attitudes Toward Ai Futures: Perceived Likelihood And Policy Preferences, David Chavanne
Assessing Attitudes Toward Ai Futures: Perceived Likelihood And Policy Preferences, David Chavanne
Economics Faculty Publications
The experiment presented in this paper uses vignettes to measure the perceived likelihood of different AI futures and assess how policy preferences change across these futures. One vignette varies the degree of future AI-driven job loss in a hypothetical scenario set five years into the future, while another vignette varies the degree of future AI autonomy across the same timeframe. Participants provide their perceived likelihood that the world will resemble the scenario in the vignette, and they also express their level of support for either universal basic income (UBI) or a jobs-guarantee program (JG) if the world in five years …
Zero-Sum Thinking, Meritocratic Beliefs, And Preferences For Basic Income And Universal Healthcare, David Chavanne
Zero-Sum Thinking, Meritocratic Beliefs, And Preferences For Basic Income And Universal Healthcare, David Chavanne
Economics Faculty Publications
This study uses survey responses to explore how support for basic income and universal healthcare is linked to zero-sum thinking and meritocratic beliefs. Consistent with earlier work, I find that zero-sum thinking and weaker meritocratic beliefs both lead to greater levels of support for basic income and universal healthcare. Using a path analysis, zero-sum thinking is also found to strengthen support for basic income and universal healthcare along two separate channels -- one via zero-sum thinking’s direct effect on policy support and a second via an indirect effect, whereby zero-sum thinking is attached to weaker beliefs in meritocracy, which in …
Cultural Environment And The Impact Of Paternity Leave On Fertility Rate, Mingming Pan
Cultural Environment And The Impact Of Paternity Leave On Fertility Rate, Mingming Pan
Economics Faculty Publications
The data sample consists of 27 OECD countries over 22 years. The dependent variable TFR ranges from 2001 to 2022, the key independent variable 5-year lag FLFP is over 1996-2017, and all the other one-year lagged explanatory variables 2000-2021. Stata is used in estimations, with codes provided.
"Long-Run Peer Effects And Promotion: Evidence From 70-Plus Years Of Career Records In Japan, Natsuki Arai, Nobuhiko Nakazawa
"Long-Run Peer Effects And Promotion: Evidence From 70-Plus Years Of Career Records In Japan, Natsuki Arai, Nobuhiko Nakazawa
Economics Faculty Publications
Arai and Nakazawa estimate long-term peer effects in the workplace by investigating whether working with a future executive makes junior employees more likely to be promoted. Using data on career history at the Japanese central administration from 1946 to 2019, we find that long-term peer effects are substantial and persistent—junior employees who work with a future executive during the first 5 years of their employment are more likely to be promoted to top executive than employees who do not. The empirical results are consistent with the mechanisms of increased human capital, the formation of social connections, and a reduction in …
The Economic Surplus: A History Of An Eventually Problematic Idea, Evan W. Osborne
The Economic Surplus: A History Of An Eventually Problematic Idea, Evan W. Osborne
Economics Faculty Publications
The economy-wide economic surplus, defined as output beyond what is needed to sustain the labouring workforce, is one of the oldest ideas in Western political economy. Marx permanently changed economic thinking by characterising it as exploitation. As confidence in government management of economic affairs grew in the twentieth century, how to spend the surplus better than free individuals would spend it themselves became a growing theme among economists and among the broader public. While the role of the surplus in economic theory today is modest, its vibrancy in the public conversation remains.
Institutionalisation And Institutional Evolution: A Model Of Selecting Government Officials In Ancient China, Haiwen Zhou
Institutionalisation And Institutional Evolution: A Model Of Selecting Government Officials In Ancient China, Haiwen Zhou
Economics Faculty Publications
The evolution of institutions in selecting government officials in ancient China reflected efficiency considerations and increased power concentration in the hands of the ruler. Selecting government officials in ancient China became more rule‐based over time, and standardisation and centralisation were some key features of this process. In this dynamic model, a higher volume of transactions, shown as the number of candidates needed to be evaluated, leads to institutionalisation, which has a higher fixed cost but a lower marginal cost in processing each transaction. In the steady state, a ruler with a more encompassing interest chooses a higher level of institutionalisation. …
Impact Of Geography On Institutions In Agricultural And Nomadic Societies, Haiwen Zhou
Impact Of Geography On Institutions In Agricultural And Nomadic Societies, Haiwen Zhou
Economics Faculty Publications
How geography affects the choice of institutions is studied in a theoretical model. In this model, nations are located around a circle. Rulers compete through choosing tax rates, the level of military spending, and the degree of formality of institutions. Geographic condition is captured by population density. It is shown that societies with higher population densities choose lower tax rates, establish more formal institutions, and give government officials lower levels of autonomies than those with lower population densities do. A higher level of external threats induces a ruler to choose a higher level of autonomy for officials. The model is …
Unconventional Philosophies And Practices: Vietnamese Family Firm Performance In Multiple Countries, Amon Simba, Mai Thi Thanh Thai, Aymen Ammari, James V. Koch, Paul Jones
Unconventional Philosophies And Practices: Vietnamese Family Firm Performance In Multiple Countries, Amon Simba, Mai Thi Thanh Thai, Aymen Ammari, James V. Koch, Paul Jones
Economics Faculty Publications
The diversity of business philosophies and practices across family firms suggests their performance is influenced by factors that can be hard to isolate or understand. Based on 215 observations of Vietnamese firms operating in Asia, Australia, Europe, and North America, we use fuzzy-set qualitative comparative analysis techniques to discern the configurational relationships underlying their performance pathways. Of the 64 possible configurations, three pathways with a high consistency (95 percent) for high performance are distinguishable. These three pathways are characterized by varying degrees of family labor involvement, social network-based labor sourcing, and capital contributions from partners. They reveal how cultural factors, …
Ethnic Politics And Fiscal Dominance: Implications For Currency Union Formation In Sub-Saharan Africa, Benjamin D. Keen, Christine O. Strong
Ethnic Politics And Fiscal Dominance: Implications For Currency Union Formation In Sub-Saharan Africa, Benjamin D. Keen, Christine O. Strong
Economics Faculty Publications
Numerous currency unions have been proposed in Africa over the past 50 years, but none have succeeded. This paper asserts ethnic favouritism is a crucial yet often overlooked feature that strongly influences an African government’s willingness to join a currency union. We use a Barro and Gordon (1983) style model that incorporates fiscal dominance, political business cycles and ethnic favouritism to assess the benefits and costs to African households and governments of joining a currency union. Our results show that ethnic alignment between the head of state and central bank governor amplifies fiscal dominance, which reduces an African government’s desire …
Forging Monetary Hawks: Early-Life Inflation Experiences And Government Debt In Africa, Christine Strong
Forging Monetary Hawks: Early-Life Inflation Experiences And Government Debt In Africa, Christine Strong
Economics Faculty Publications
This study uses a novel dataset to examine the impact of early‐life inflation experiences on government debt across 30 African nations from 1980 to 2022. We propose that central bankers who encountered inflation crises during their formative years are more likely to develop preferences for hawkish monetary policies. However, for these preferences to influence fiscal outcomes, central bankers must operate within an environment of institutional independence. Indeed, our analysis reveals that past exposures to inflation crises, on their own, have no statistically significant impact on government debt. However, when central bank independence is accounted for, a significant negative relationship emerges, …
What Role Do Finance Ministers Play In Political Business Cycles? Evidence-Based On A New African Dataset, Christine Olivia Strong
What Role Do Finance Ministers Play In Political Business Cycles? Evidence-Based On A New African Dataset, Christine Olivia Strong
Economics Faculty Publications
This study investigates how the personal characteristics of finance ministers influence political budget cycles in Africa. Using a new dataset covering 300 finance ministers across 23 countries from 1980 to 2020, we find that political budget cycles primarily take the form of increased government consumption during election years. Ministers with prior central banking experience are less likely to amplify spending in election years, effectively curbing political budget cycles. These results remain consistent after accounting for institutional quality, ministerial tenure, and other confounding factors. The findings contribute to the literature by showing that the appointment of finance ministers in African countries …
Working Paper: Zero-Sum Thinking, Meritocratic Beliefs, And Preferences For Basic Income And Universal Healthcare, David Chavanne
Working Paper: Zero-Sum Thinking, Meritocratic Beliefs, And Preferences For Basic Income And Universal Healthcare, David Chavanne
Economics Faculty Publications
This study uses survey responses to explore how support for basic income and universal healthcare is linked to zero-sum thinking and meritocratic beliefs. Consistent with earlier work, I find that zero-sum thinking and weaker meritocratic beliefs both lead to greater levels of support for basic income and universal healthcare. Using a path analysis, zero-sum thinking is also found to strengthen support for basic income and universal healthcare along two separate channels -- one via zero-sum thinking’s direct effect on policy support and a second via an indirect effect, whereby zero-sum thinking is attached to weaker beliefs in meritocracy, which in …
Weather Risks, Crop Losses, And Risk Proneness: An Examination Of Evolving Risk Preferences Of Rice Farmers In Bangladesh, W. Parker Wheatley, Taznoore Khanam, Valerien O. Pede, Takashi Yamano
Weather Risks, Crop Losses, And Risk Proneness: An Examination Of Evolving Risk Preferences Of Rice Farmers In Bangladesh, W. Parker Wheatley, Taznoore Khanam, Valerien O. Pede, Takashi Yamano
Economics Faculty Publications
Changing climate poses significant challenges for smallholder rice farmers. Weather-related deviations from longer-term patterns and crop losses due to abiotic hazards can affect farmer risk preferences and drive adaptive responses. In addition, farmers’ proneness to and past experiences with crop risks such as drought, submergence, and excess soil salinity can impact their baseline risk preferences and their response to changing risks. Using data for Bangladesh from two waves of the Rice Monitoring Survey, climate-related data (precipitation and temperature), farmer reports of crop losses, and measures of proneness to abiotic risks, this article estimates how weather deviations from longer-term trends, crop …
Drink…Then Drive Away: The Effects Of Lowering The Blood Alcohol Concentration In Utah, Javier E. Portillo, Wisnu Sugiarto, Kevin Willardsen
Drink…Then Drive Away: The Effects Of Lowering The Blood Alcohol Concentration In Utah, Javier E. Portillo, Wisnu Sugiarto, Kevin Willardsen
Economics Faculty Publications
In March of 2017 Utah announced its intent to lower the legal blood alcohol content (BAC) for driving from 0.08 to 0.05 g/dL. However, this change did not take effect until 2019. We employ a difference‐in‐ differences strategy on Utah counties using neighboring states as controls to test whether this policy change significantly affected the number of traffic accidents or the severity of those accidents. Results show the policy appears to temporarily decrease the total number of accidents, limited primarily to property damage‐ only accidents. We believe these results may be partially explained by drivers who, after the policy is …
Deuda Pública, Desigualdad Y Desarrollo En México: Evidencia Estatal Y Municipal: Public Debt, Inequality And Development In Mexico: State And Municipal Evidence, Claudia Susana Gómez López, Artemlo Jiménez Rico, Ana Karen Negrete García
Deuda Pública, Desigualdad Y Desarrollo En México: Evidencia Estatal Y Municipal: Public Debt, Inequality And Development In Mexico: State And Municipal Evidence, Claudia Susana Gómez López, Artemlo Jiménez Rico, Ana Karen Negrete García
Economics Faculty Publications
El artículo analiza la relación de la adquisición de deuda pública con la desigualdad y el desarrollo económico. Específicamente, utiliza la tasa de crecimiento de deuda pública, el Índice de Gini y el Índice de Rezago Social como variables. Considera 31 entidades federativas de la República mexicana y 2414 municipios desde 2010 hasta el 2018. La metodología de convergencia absoluta y condicional y datos de panel deriva en los siguientes resultados: (I) bajo la hipótesis de convergencia condicional, los estados y municipios de México se acercaron en términos de la deuda pública per cápita en el periodo 2010-2018. La velocidad …
Introductory Economics: Gender, Majors, And Future Performance, Natsuki Arai, Shian Chang, Biing-Shen Kuo
Introductory Economics: Gender, Majors, And Future Performance, Natsuki Arai, Shian Chang, Biing-Shen Kuo
Economics Faculty Publications
By investigating the exam scores of introductory economics classes in the business school at National Chengchi University in Taiwan between 2008 and 2019, we find three sets of results: First, we find no significant difference between genders in the exam scores. Second, students’ majors are significantly associated with their exam scores, which likely reflects their academic ability measured at college admission. Third, the exam scores are strong predictors of students’ future academic performance.
Assessing The Recreational Charter Fishing Market In Florida: A Hedonic Price Analysis, Mehrnoosh Asadi, Pallab Mozumder, Mahadev G. Bhat
Assessing The Recreational Charter Fishing Market In Florida: A Hedonic Price Analysis, Mehrnoosh Asadi, Pallab Mozumder, Mahadev G. Bhat
Economics Faculty Publications
In this study we analyze the effect of a wide range of factors on the variation of recreational fishing trip prices in Florida. We collected extensive data from recreational fishing websites maintained by guides and outfitters and used different empirical methods for quantifying the relationship between trip price and various trip characteristics. The Hedonic Price model was used to estimate the implicit prices of freshwater and saltwater fishing trip characteristics. The results suggest that freshwater and saltwater anglers significantly value the lodging feature included in the fishing trip package. Moreover, saltwater anglers had a higher willingness to pay to catch …
Removing Development Incentives In Risky Areas Promotes Climate Adaptation, Hannah Druckenmiller, Yanjun (Penny) Liao, Sophie Pesek, Margaret Walls, Shan Zhang
Removing Development Incentives In Risky Areas Promotes Climate Adaptation, Hannah Druckenmiller, Yanjun (Penny) Liao, Sophie Pesek, Margaret Walls, Shan Zhang
Economics Faculty Publications
As natural disasters grow in frequency and intensity with climate change, limiting the populations and properties in harm’s way will be key to adaptation. This study evaluates one approach to discouraging development in risky areas—eliminating public incentives for development, such as infrastructure investments, disaster assistance and federal flood insurance. Using machine learning and matching techniques, we examine the Coastal Barrier Resources System (CBRS), a set of lands where these federal incentives have been removed. We find that the policy leads to lower development densities inside designated areas, increases development in neighbouring areas, reduces flood damages and alters local demographics. Our …
National Integration And Institution Building, Haiwen Zhou
National Integration And Institution Building, Haiwen Zhou
Economics Faculty Publications
The mutual dependence between national integration and institution building is established in a formal model. It is shown that a decrease in transportation costs, but not necessarily an increase in population size, reduces the equilibrium number of states and the adoption of rule-based institutions. With endogenous transportation costs or endogenous population size, the unification process can feed on itself. The model is illustrated by the state of Qin's unification of China in 221 BC. During this process of national integration, transformations from relation-based governance to rule-based governance happened.
Advanced Air Mobility, Economic Impacts, And Equity Considerations, Robert M. Mcnab
Advanced Air Mobility, Economic Impacts, And Equity Considerations, Robert M. Mcnab
Economics Faculty Publications
Advanced Air Mobility (AAM) may, in the coming decades, result in tens of thousands of new jobs and billions of dollars in additional economic activity. While much of the discussion surrounding AAM focuses on the technical aspects of the nascent industry, estimates of the potential economic impact vary significantly. Much less attention has been paid in the literature to potential externalities, positive and negative, and how these externalities may impact estimates of economic impact. We argue that much work remains to be done before policy advisors and decisions makers can formulate and implement strategies based on the projections of future …
Is West Virginia A Haven For Disabled Workers? An Evolving Story, James V. Koch, Robert M. Mcnab
Is West Virginia A Haven For Disabled Workers? An Evolving Story, James V. Koch, Robert M. Mcnab
Economics Faculty Publications
With a particular focus on West Virginia, this study utilizes state-level monthly panel data over 13 years (2010-2022) to examine the determinants of the rates of application of individuals for Social Security Administration disabled worker income payments (SSDI) and the initial recommendations of those applications for approval by the states. Application rates are particularly sensitive to the educational attainment of state populations and approval rates to economic conditions. However, in contrast to media coverage and public perceptions, both the number of applications for SSDI and approval rates have been declining nationally and in West Virginia.
How To Define (Or Not To Define) The New History Of Capitalism, Sharon Ann Murphy
How To Define (Or Not To Define) The New History Of Capitalism, Sharon Ann Murphy
Economics Faculty Publications
Lindsay Schakenbach Regele’s essay “A Brief History of the History of Capitalism, and a New American Variety” attempts to provide more structure to the field known as the new history of capitalism (NHOC) by defining martial capitalism as a new variant. In contrast, this essay asserts that the lack of definitional precision within the NHOC is not a bug, but rather one of its key features. To define capitalism would be to delimit where it was and was not present historically. If part of the argument of the NHOC is that capitalism pervaded—indeed infected—all aspects of American life, then defining …
Assessing Proxies Of Knowledge And Difficultywith Rubric-Based Instruments, Ben O. Smith, Jadrian J. Wooten
Assessing Proxies Of Knowledge And Difficultywith Rubric-Based Instruments, Ben O. Smith, Jadrian J. Wooten
Economics Faculty Publications
The fields of psychometrics, economic education, and education have developed statistically-valid methods of assessing knowledge and learning. These methods include item response theory, value-added learning models, and disaggregated learning. These methods, however, focus on multiple-choice or single response assessments. Faculty and administrators routinely assess knowledge through papers, thesis presentations, or other demonstrations of knowledge assessed with rubric rows. This paper presents a statistical approach to estimating a proxy for student ability and rubric row difficulty. Moreover, we have developed software so that practitioners can more easily apply this method to their instruments. This approach can be used in researching education …
Path Dependence As A Path To Consumer Surplus And Loyalty, Sherzod B. Akhundjanov, Ben O. Smith, Max St. Brown
Path Dependence As A Path To Consumer Surplus And Loyalty, Sherzod B. Akhundjanov, Ben O. Smith, Max St. Brown
Economics Faculty Publications
In the technology and design industries, one product builds on another: A smart tele- vision enhances a smart phone. However, due to complementary features, the utility that is gained by owning both products from the same firm is greater than the sum of the two products’ utility if purchased from separate firms. Aftermarkets suggest that the margins of the second product would increase. Instead, we show that the firms’ complementary utility offset each other, which results in reduced prices. Further, consumer purchase behavior is a function of the product release order; given a different release schedule, some consumers would purchase …
Distributional Properties Of The Statistic Of Online Student Evaluations The Mean Does Not Mean What You Think It Means, Ben O. Smith, Dustin R. White, Jamie Frances Wagner, Patricia C. Kuzyk, Alex Prera
Distributional Properties Of The Statistic Of Online Student Evaluations The Mean Does Not Mean What You Think It Means, Ben O. Smith, Dustin R. White, Jamie Frances Wagner, Patricia C. Kuzyk, Alex Prera
Economics Faculty Publications
Student Evaluations of Teaching (SETs) are an integral part of evaluating course outcomes. They are routinely used to evaluate teaching quality for the purposes of reappointment, promotion, and tenure (RPT), annual review, and the rehiring of adjunct faculty and lecturers. These evaluations are often based almost entirely on the mean or proportion of the ordinal overall score with no regard to statistical noise. This study examines the distribution of the statistic (mean or proportion) when SETs are administered online and in-person. Using non-parametric procedures, we show that the size of the 95% confidence interval of the statistic is a function …
Export Capacity And Capital Stock Augmentation Through Imports: Evidence From Sub-Saharan African Countries, Catherine Y. Co
Export Capacity And Capital Stock Augmentation Through Imports: Evidence From Sub-Saharan African Countries, Catherine Y. Co
Economics Faculty Publications
This paper investigates the capital goods imports of Sub-Saharan African (SSA) countries from 2002 to 2017. The composition of capital goods imports has become less diverse over time in more than half of the countries studied. Colonial ties no longer determine the sourcing of capital goods as China is now the top source. Trade gravity regressions using the Poisson pseudo-maximum-likelihood estimator show that bilateral exports of non-primary products by SSA countries and their low-income peers are associated with increased net stock of imported general-purpose capital goods. Additionally, there is evidence that the net stock of some types of imported equipment …