We study dynamic output co-movements in Europe in a spatial setting where proportion of human capital and its appropriation pattern in production define distance among countries. Significant spatial output and shock correlations are found suggesting possible welfare-enhancing cross-country...

Nonparametric panel regressions between economic growth and age-structured population for OECD and non-OECD countries show significant non-linear relationship contributing to their growth volatilities over the 1960-2000 period with interesting 'current' and 'feedback' effects.