Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient.

Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient.

We establish a theoretical set-up that is able to endogenously integrate growth and longevity. Our model captures three links between them: a longer life expectancy results in an increase in savings as well as an increase in the workforce, but health and growth compete for resources. We find...

In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector....

We establish a theoretical set-up that is able to endogenously integrate growth and longevity. Our model captures three links between them: a longer life expectancy results in an increase in savings as well as an increase in the workforce, but health and growth compete for resources. We find...

In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector....