, but to a much smaller extent. -- Spatial inequality ; poverty ; multilevel modeling ; decomposition ; Sub-Saharan Africa … necessarily disappear as economies grow and that these disparities are itself an important driver of growth. We use a novel … approach based on multilevel modeling to decompose the sources of spatial disparities in incomes among households in Burkina …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model yields some answers. In the traditional Solow model, unemployment has no long-run influence on … the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …

We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of …-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and …. Second, financial openness lowers GDP growth. Third, granular effects tend to be stronger in financially closed economies. …