We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When … that rigid long-term contracts sacrificing managerial selection may prevail at early stages of economic development and … ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the …

-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When … ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the …

We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When … that rigid long-term contracts sacrificing managerial selection may prevail at early stages of economic development and … ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the …

-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When … ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the …

approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development … innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

knowledge generation. For a long time economic analysis have assimilated knowledge and information. Today it is different but … analyse transition ways from information to knowledge with two types of generic framework, decisional models and life cycle … during the passage from information to knowledge? By this way, we'll analyse information valorisation processes and will …

, for example, the foundations of the human-capital based catch-up growth were laid very early. More broadly, we argue that … Korea, Japan, and China returned to the growth-path at different points of the 20th century, and this return was pre …-determined by their early numeracy development. …

We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken …. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker … economic growth than other financial intermediaries. We find no evidence of publication bias in the literature. …

beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …