-size enterprises, a specific puzzle concerning this very important economic sector as for its role in the employment and growth of …

This paper studies how financial development affects the relation between average growth and growth volatility through … liquidity crises. Then with this mechanism, we show in a macro framework that the relation between average growth and growth …

In early 2003, the OECD released a major report entitled The Sources of Growth in OECD Countries. In the seventh and … Economic Advisers reviews the report. Baily notes that key findings include: the diversity in GDP per capita growth across OECD … countries, largely reflecting differences in labour utilization; the importance for growth of exposure to international trade …

significant effects on the lives of citizens” and should contribute to the return of economic growth …

firms are seen to be the main way to develop industries, employment, technology transfert and to reach an important growth …