Current growth literature does not explain the inability of poor countries to utilize existing knowledge. This study … presents a stylized development model based on firms' expansion through on-the-job training. Since trained workers can … supervise and train more workers, a development process in which output and productivity increase up to a full utilization of …

policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in … competition ; economic growth ; oligopoly ; lending …This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic …

effects of bank competition on economic growth. We obtain them developing a dynamic, general equilibrium model of capital …In this paper we show that bank competition has an intrinsically ambiguous impact on capital accumulation. We further … show that it is also responsible for the emergence of development traps in economies that otherwise would be characterized …

growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in …This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic … evidence gathered from recent empirical studies of how bank competition affects the real economy. Our results were obtained by …

development literature that collects empirical regularities pointing toward the existence of strategic decision-making among …

that political institutions are a key determinant of human capital accumulation and long-run economic development. …

to contribute to the debate by examining the type of institutions which have been the most important for growth in … transition index of the European Bank for Reconstruction and Development. Also, the paper tests the validity of some arguments … effectiveness has the most significant impact on economic development of the former planned economies. However, at this stage, the …

between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …