Most economic historians would surely endorse Paul Romer's view expressed above that technological progress lies at the heart of long run economic growth. Long ago Kuznets identified the epoch of 'modern economic growth' as one where growth came to be driven by scientific and technological...

Recent literature on the design of optimal monetary policy has shown that deviations fromprice stability are small whenever prices are sticky. This paper reconsiders this issue byintroducing capital accumulation in the model. Optimal monetary policy in this setupimplies small deviations from...

We revisitWestern Europe’s record with labor-productivity convergence and tentativelyextrapolate its implications for the future path of Eastern Europe. Thepoorer Western European countries caught up with the richer ones through bothhigher rates of physical capital accumulation and greater...

[...]This research takes Iliffe’s suggestion seriously. For the student of Sub-Saharan Africa who has decided to explore a plausible route of causationbetween nutrition and poverty, the most urgent task is to disregard the initialdiscouragement triggered by the scarcity of references. The lack...

In 1866, the Midland Railway Company demolished Agar Town,an area Victorian writers called the foulest slum in London, tomake way for the development of St Pancras railway station.Most Londoners lauded the action. But what kind of tenantsactually inhabited the area before it was destroyed, and...

In this paper we examine the concept of "vulnerability" (Townsend 1994) within thecontext of income mobility of the poor. We test for the dynamics of vulnerablehouseholds in the UK using Waves 1 - 12 of the British Household Panel Survey andfind that, of three different types of risks that we...

We examine associations of mass media and information and communicationstechnologies (ICT) as knowledge-based infrastructures on some economicdevelopment outcomes. We .nd that several mass media and ICT penetration variablesare negatively associated with three development outcomes: corruption,...

The concept of social exclusion has been widely debated in Europe butits application to children has seen relatively little discussion. What couldbe meant by exclusion of children is the first main theme of the paper.Among other things, I consider the choice of reference group, thegeographical...

This paper explores the links between school, family and areabackground influences during adolescence and later adult economicoutcomes. The empirical analysis is based on data covering the period1979 to 1996, drawn from the 1979 US National Longitudinal Survey ofYouth. For a sample of...