This paper is about micro foundations of productivity and growth. There are several studies on productivity for advanced economies but relatively few for developing countries. Using data from the investment climate surveys of the World Bank, estimation results from 45 developing countries,...

This volume is organized as follows. Chapter one address two questions: how has spatial concentration evolved with growth and development, and what are the efficiency implications of too much or too little spatial concentration? This chapter summarizes the various models that analyze growth by...

This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies that governments have faced both globally and nationally....

This paper uses the central tool of an investment-savings and monetary-policy model with an augmented Philips curve and presents a few extensions of that model to analyze the multiplier effects of macroeconomic policies in the United States. In doing so, the authors incorporate realistic...

The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of...

Recent events have required labor economists to rethink their approach toward the markets and this book aims to bring this rethinking to the forefront. The global economic crisis of 2008-2009, a rapidly changing demographic division, increasing youth unemployment rates (fuelling movements in...