The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic … reduces growth and welfare …

behind slow productivity growth in Canada in the second half of the 1990s, in marked contrast to the acceleration of … concludes that the balance of evidence now favours an acceleration of trend labour productivity growth to the 2-2.5 per cent per …

In early 2003, the OECD released a major report entitled The Sources of Growth in OECD Countries. In the seventh and … Economic Advisers reviews the report. Baily notes that key findings include: the diversity in GDP per capita growth across OECD … countries, largely reflecting differences in labour utilization; the importance for growth of exposure to international trade …

aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …

in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic … GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … large, we identify an endogenous threshold on the economy's growth path where it is optimal for politicians to shrink the …

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … free banking laws might have spurred economic growth by (1) increasing the money stock and the availability of credit; (2 … competitive banking market do not harm long-run economic growth in a system without public safety nets. …