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 …

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 …

The paper studies credible information transmission by governments. A group of heterogenous individuals have to make … private investment and labour supply decisions while relying on the government for information about investment returns. The … government consists of an elected citizen who chooses a redistributive strategy in addition to providing information. We give …

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

development, is significantly improved. …

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 …

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 …

appropriate role of information and communication technologies in development and the priority that should be given to enabling …

This paper outlines a new approach for analysing the role of trade in promoting industrial development. It offers an …