individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …

This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment … environment tend to be more effective in creating productive firms when accompanied by narrowing skill gaps. Similarly, more … conducive business regulations amplify the positive impact on firm creation of better education and reduced skill mismatches. To …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …