This paper studies the link between financial development and economic growth in the West African Economic and Monetary … development does support growth in the region, long-term bank financing has a greater impact on economic growth than short …

One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three … decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing … growth which is common to all developed countries and which can explain the greatest part of education cost ratio increase in …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human …

Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more …. High human capital levels should therefore have translated into fast growth in more compared to less human … determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, we find significant …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

(both the size and the 'direction') on the long-run growth driven by human capital accumulation à la Lucas (1988), when the …. decreases) the BGP rate of growth. When abatement services are produced with the final output, the environmental taxation does … not influence growth. …

This article demonstrates that when finite lifetime is introduced in a Lucas (1988) growth model, the environmental … policy may enhance growth both in the short- and the long-run, while pollution does not influence educational activities … appearance of newborns at each date creates a turnover of generations which disconnects the aggregate consumption growth to the …

Parallel session 2: Population, health and growth …