Barriers to riches

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FINANCE AND DEVELOPMENT: A TALE OF TWO SECTORS (2011, background): “See, for example, Paulson and Townsend (2004) and McKenzie and Woodruff (2006) for discussions on setup and fixed costs for small establishments in developing countries.”
On Finance as a Theory of TFP, Cross-Industry Productivity Differences, and Economic Rents (2008, positive): “While Parente and Prescott (1999, 2000) study equilibria with monopoly-type arrangements, we develop a theory of TFP with competitive markets.”
Financial Frictions and the Persistence of History: A Quantitative Exploration (2010, background): “One commonly-held view on the income differences across countries is that there are barriers to adopting more productive modern technologies in poor countries (Hall and Jones, 1999; Parente and Prescott, 2000).”
Quantifying the Impact of Financial Development on Economic (2010, neutral): “Other factors, such as the big di⁄erences in public policies discussed in Parente and Prescott (2000), may explain a large part of the cross-country di⁄erences in capital-to-output ratios.”