W. P. Carey School of Business
W. P. Carey School of Business

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Berthold Herrendorf


Office:CPCOM 495B
Mailing Address:
Main Campus
PO BOX 879801
Tempe, AZ 85287-9801

Phone: 480-965-1462
Fax: 480-965-0748
Berthold Herrendorf

View Vita

Personal Website

Ph.D., European University Institute, Florence, 1996; Diplom in Economics, University of Bonn, 1992; M.A., Indiana University, 1989.

Research Areas
Macroeconomics; Growth and Development; Home Production and Time Allocation; Structural Transformation.

Academic Positions
Arizona State University: Associate and Full Professor, 2003-present; Free University of Berlin: Bundesbank Foundation Professor, 2011; Universidad Carlos III de Madrid: Assistant and Associate Professor, 1999-2003; University of Warwick: Lecturer, 1995-2001; University of Southampton: Part-time Professor, 2002-2004.

Professional Leadership
Associate Editor of the Economic Journal, 2002-2004; Referee for American Economic Review, Econometrica, Journal of Political Economy, Review of Economic Studies, Quarterly Journal of Economics.

Corporate and Public Sector Leadership
CESifo Research Fellow, 2006-present; Research Afiliate, Centre for Economic Policy Research, 1997-2004; Consultant (for various companies and public administrations, e.g., the State Ministry of Social Affairs, Dresden, Germany), 1991-1992; Organizer of the Christmas Meeting for German Expat Economists, 2004-present.

Representative Publications
“Sectoral Technology and Structural Transformation” (with Christopher Herrington and Akos Valentinyi). American Economic Journal: Macroeconomics 7, October 2015, 1-31.

“Why is Measured Productivity so Low in Agriculture?” (with Todd Schoellman). Review of Economic Dynamics 18, October 2015, 1003-1022.

“Growth and Structural Transformation” (with Richard Rogerson and Akos Valentinyi). Chapter 6, The Handbook of Economic Growth, Volume 2, Editors: Philippe Aghion and Steven N. Durlauf, Elsevier, 2014, 855-941.

"Two Perspectives on Preferences and Structural Transformation" (with Richard Rogerson and Akos Valentinyi). American Economic Review 103, December 2013, 2752-2789.

"Which Sectors Make Poor Countries so Unproductive?" (with Akos Valentinyi). Journal of the European Economic Association 10, April 2012, 323-341.

"Barriers to Entry and Development" (with Arilton Teixeira). International Economic Review 52, April 2011, 573-602.

“Measuring Factor Income Shares at the Sector Level” (with Akos Valentinyi). Review of Economic Dynamics 11, October 2008, 820-835.

"Ruling out Multiplicity and Indeterminacy: The Role of Heterogeneity" (with Akos Valentinyi and Robert Waldmann). Review of Economic Studies 67, April 2000, 295-307.

"Transparency, Reputation and Credibility under Floating and Pegged Exchange Rates." Journal of International Economics, 49 October 1999, 31-50.

"Rogoff's Conservative Central Banker Restored" (with Ben Lockwood). Journal of Money, Credit, and Banking 29, November 1997 (Part 1), 476-495.

ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

ECN 594 - Conference and Workshop
Topical instruction, usually in compressed format, leading to academic credit. Often offered off campus to groups of professionals.

ECN 791 - Seminar
A small class emphasizing discussion, presentations by students, and written research papers.

W. P. Carey School of Business

400 E. Lemon St.
Tempe, AZ 85287