Recent years have seen a rapid development of model connecting growth and unemployment, but their empirical relevance is not fully known. This paper develops a simple framework for testing a prediction shared by many growth-theoretic models of unemployment, namely, economic fundamentals other...

This paper describes Bayesian procedures for forecasting countries' output growth rates and medians of a set of output growth rates using the Gibbs sampler.

This paper constructs a model where otherwise identical economies having different initial conditions are in different steady-states in autarky because skill accumulation is subject to credit constraint. In a two country world it is shown how international trade in goods can cause complete...