The paper examines the impact of firms exit on the long-term efficiency growth. It is argued that, contrary to the generally established effect in the literature of industrial organisation, the natural selection process hinders economic efficiency growth. Indeed exit of firms causes losses of...

We show in this paper that GDP per-capita growth is more likely affected by the accumulation of education at the higher schooling levels in both OECD and DCs. However, in terms of the public funds allocation, this result does not prevent public education expenditures to be reallocated from...

The paper examines the impact of firms exit on the long-term efficiency growth. It is argued that, contrary to the generally established effect in the literature of industrial organisation, the natural selection process hinders economic efficiency growth. Indeed exit of firms causes losses of...

Theoretical and empirical studies addressing the effectiveness issue of the wage subsidy scheme are somewhat non-concluding. This paper attempts to contribute to the recent litterature of the field by studying the effectiveness of wage subsidies and by comparing their consequences with those...