financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of … paper starts by illustrating these opposing effects by, first, analyzing the dynamics of output growth and financial … intermediation around systemic banking crises and, second, showing that the growth enhancing effects of financial depth are weaker in …

standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage … points. An endogenous growth model with finance and structural transformation motivates the empirical approach. Since initial …

growth was at work until the 19th century. Furthermore, we document changes in the propagation mechanism from real wages on … population growth over time that feature prominently in Unified Growth Theory. Most remarkably, in contrast to earlier empirical …

How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the … quantify the implications for technology growth rates in Britain compared to France. Our results indicate that the shape of the … change and industrial growth in Britain during the Industrial Revolution. …

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …