We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

policymakers' beliefs about the impact of capital account liberalization on growth, under the 'Mundell's trilemma constraint. The …

health and education becomes more active and the quality of governance regarding democratic participation and official …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …

characteristics of this new sector. We seek to identify patterns of job growth in this sector in terms of niches left from central … destruction of the pre-existing firms, and the Czech Republic, which reduced the old sector gradually. We find job growth within … industries to be quantitatively more important than job growth due to across-industry reallocation. Furthermore, the industrial …

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …