physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is … policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self …

We posit that the relationship between income inequality and economic growth ismediated by the level of equality of … future growth disproportionately. We use several recently developedinternationally comparable measures of intergenerational … mobility to confirm that thenegative impact of income inequality on growth is higher the lower is intergenerationalmobility …

to allow financial openness to enhance growth. I identify three types of institutions that are most important for …