rural branches in Indian states with lower initial financial development. The reverse is true outside this period. We …

of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …, and slowly increases at later stages of development. Third, the volatility of country-specific macroeconomic shocks falls …

of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …, and slowly increases at later stages of development. Third, the volatility of country- specific macroeconomic shocks falls …

run economic development paths. In this model barriers affect both the beginning date and the pace of the modern economic … development stage than did the currently rich countries. In a quantitative exercise I find that given the beginning dates of …

and landowners). Industrialization requires the elites to finance schools and the masses to attend them. Schooling raises … dominant elite at the regional and country level is the same and/or the industrialization shock is sufficiently high. If …

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …

of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro …

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …