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Berentsen, Aleksander; Breu, Mariana Rojas; Shi, Shouyong - University of Toronto, Department of Economics - 2012

inflation on welfare, growth and the size of the financial sector. A novel feature is that the innovation sector is … imposing a cash-in-advance constraint in the innovation sector. …

Persistent link: https://www.econbiz.de/10010897045

Liquidity, Innovation and Growth

Berentsen, Aleksander; Breu, Mariana Rojas; Shi, Shouyong - University of Toronto, Department of Economics - 2009

innovation goods is decentralized. Financial intermediaries arise endogenously to provide liquid funds to the innovation sector …

Persistent link: https://www.econbiz.de/10008528708

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2013

Consider the following facts. In 1950 the richest ten-percent of countries attained an average of 8 years of schooling whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in schooling declined to 2-fold. The fact is that schooling has...

Persistent link: https://www.econbiz.de/10010850127

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2013

Consider the following facts. In 1950 the richest ten-percent of countries attained an average of 8.1 years of schooling whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in schooling declined to 2-fold. The fact is that schooling has...

Persistent link: https://www.econbiz.de/10010850133

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2011

Persistent link: https://www.econbiz.de/10009147926