This paper develops a model of growth in an economy where the capital stock is rationed across labor inputs, as in the dual, or segmented, labor market literature on developing economies. In this economy, the increased use of labor in the formal sectors can sustain high marginal and average...

The effect of human capital composition on growth and development has been somewhat neglected in economic literature. However, evidence has suggested the importance of engineering and technical skills to economic growth and international organizations had suggested their shortage in developed...

Discussion on the possibilities for and barriers to income convergence and catch-up growth is at the heart of the debate on European regional economic policy. This study presents an empirical analysis of the determinants of regional productivity growth in Europe, using the most recent Cambridge...