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Finance matters
Amaral, Pedro S.; Quintin, Erwan - Federal Reserve Bank of Dallas - 2005
We present a model in which the importance of financial intermediation for development can be measured. We generate financial differences by varying the degree to which contracts can be enforced. Economies where enforcement is poor employ less capital and less efficient technologies. Yet,...
Persistent link: https://www.econbiz.de/10005498716
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Human Capital, Labour Productivity and Employment
Bhat, Savita; Siddharthan, N S - eSocialSciences - 2010
This paper analyses the importance of human capital in determining the inter-state differences in labour productivity … determinants of productivity. Furthermore, higher enrolments in high schools not only contribute to higher labour productivity but … also to higher growth in productivity. In addition, states that have higher high school enrolment rates have been enjoying …
Persistent link: https://www.econbiz.de/10008690331