We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive politics in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...

This paper suggests that the spillover of knowledge may not occur automatically as has typically been assumed in models of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of knowledge from the source creating it to the firm...

Regressions across countries from 1960 to 1995 are discussed to document African poor performance in terms of infant and child mortality, life expectation, and school enrollment rates, controlling for national income, women's and men's schooling, and urbanization. It is concluded that...