income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in …

capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated with …

Is inequality harmful for growth? We suggest that it is. In a society where distributional conflict is important … activities which promote growth, such as the accumulation of capital and productive knowledge. In this paper we formulate a … growth rates depending on structural parameters, political institutions and initial conditions. We then confront the model …

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious …

We study managerial incentive provision under moral hazard in a firm subject to stochastic growth opportunities. In our … firm. The optimal contract may involve managerial entrenchment, such that growth opportunities are foregone after good … performance. Firms with better growth prospects have higher managerial turnover and more front-loaded compensation. Firms may pay …

We disentangle the contribution of unobserved heterogeneity in idiosyncratic demand and productivity to firm growth. We … important as productivity shocks for firm growth. Second, firms respond to shocks less than a frictionless model would predict …

leads to downward biased observations of the level of activity upon entry and upward biased growth rates between the year of … average growth rate between the first and second year of exporting is overstated by 112 percentage points. This paper re …-examines a number of stylized facts about firm size and growth that have motivated rapidly expanding theoretical and empirical …

. Second, we consider implications of this prediction for firm growth rates and survival. Consistent with the learning model …, we find that: (i) the absolute value of the mean growth rate for firms' beliefs decreases with age, as does the variance …