(Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … stagnation differs from balanced growth by the presence of relatively many small firms of low productivity. …

future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve …

We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth … investment in research and development and the growth rate of theeconomy. …

incentive for innovation may also be stronger under decentralized unions. Unions have a clear preference for centralization only …

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth …

In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument … econometric exercise. Cross-country growth regressionspoint to a strong positive relationship between financial sectorcompetition … and financial sectoropenness, and between growth and financial sector competition. …

We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We … competition/performance and financia1 sector openness (meaning foreign bank access to domestic markets), and between growth and …

structural change in industrial import patterns is in principleambiguous. A standard empirical growth model is augmented by … activitiesimpact differently on economic growth is tested on a sample of 45 countries (OECD members andselected Asian and Latin … estimation pointtowards a positive long-run growth effect arising from trade specialization in medium …