A program sponsored by the Indiana Economic Development Corporation aims to increase the quantity and quality of available human resourcesby encouraging former residents to come back. Indiana’s population growth has been weak relative to the rest of the country. Over the next 25 years US...

China, a low income country about the same geographic size as the US and with over four times the population, has had persistent rapid growth that averaged 9.6 percent per year since reform began in 1979. On a per capita basis, real GDP is eight times larger than it was 26 years earlier!...

The aim of this paper is to explore the link between credit and output in the context of a developed transition economy. Salient credit market features of these economies are (i) credit market imperfections leading to constraints on growth and (ii) the rapidly growing importance during...

Though wildly premature at best, and, at worst, very unlikely for several decades, there is some basis for speculation that China’s economy would soon surpass in size and prosperity that of the U.S. Due to the size of its economy and markets, China will have a relatively large share of...

The aim of this paper is to explore the link between credit and output in the context of a developed transition economy. Salient credit market features of these economies are (i) credit market imperfections leading to constraints on growth and (ii) the rapidly growing importance during...