studying an environment in which a trade-off between risk sharing and growth arises endogenously. Financial intermediaries …-sharing and growth. We show the mix of intermediaries and market that maximizes welfare depend on parameter values …

The purpose of the paper is to study the effects of labor market policies on the equilibrium rate of growth in the …

, the US developed its service sector. This has fueled the growth of the US economy for much of the post-war period. The … slowdown in growth in Japan can perhaps be due to two events: (1) a fall in the relative price of their manufactured goods due … improvements in the service sector which prevented them from making the same adjustment as the US did to sustain growth at a …

incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth … experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates … to calculate the effect of catch-up and growth on unemploymen …

growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher … almost all of Africa's growth tragedy over the past forty years. Our analysis also supports grim forecasts of the long …

A growth model is set up where war, population, and technology interact endogenously, capturing some trends observed … growth and war, in particular in 20th century Europe …

the ultimate macroeconomic growth effects of employer-based systems. Is it possible that moving away from a system of … employer-provided health insurance could increase employment and economic growth? Moreover, what are the implications for …