underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and … group leading to underemployment through the expansion of the informal sector. Both effects are due to shortage of … complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and … group leading to underemployment through the expansion of the informal sector. Both effects are due to shortage of … complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low … sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …