Comment on: oThe macroeconomic consequences of terrorismo

Article Abstract:

Economists studying the effect of terror on economy after September 11, 2001 use new theories linking institutions mediating conflicts with economic growth parameters. This paper identifies some basic facts about terrorism and characterizes its effects on aggregate economic activity, concluding that terrorism is associated with diversion of resources away from investment into security.

Police Protection, Terrorist Control, Security Mgmt-Kidnapping & Terrorism, Influence, Terrorism

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US-Europe differences in technology-driven growth: quantifying the role of education

Article Abstract:

A comparison when made between the quantitative importance of education policy, labor market rigidity and product market regulation, other policies more commonly suggested to be responsible for US-Europe differences. A major role to education policy in explaining US-Europe growth differences is assigned by a 'decomposition' exercise using a calibrated version of a model.

Europe, Comparative analysis, Technological innovations

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A bottleneck capital model of development

Article Abstract:

An assessment of an economic growth model for interpreting capital is presented.

Evaluation, Economic aspects, Capital

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