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Citations for "Macroeconomics of Unbalanced Growth: Reply"

by Baumol, William J

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  1. David Mayston, . "The Economic Determinants of Health Inequalities," Discussion Papers 00/49, Department of Economics, University of York.
  2. Michael Peneder, 2004. "Tracing Empirical Trails of Schumpeterian Development," Papers on Economics and Evolution 2004-09, Max Planck Institute of Economics, Evolutionary Economics Group.
  3. Raiser, Martin & Schaffer, Mark E & Schuchhardt, Johannes, 2003. "Benchmarking Structural Change in Transition," IZA Discussion Papers 727, Institute for the Study of Labor (IZA).
  4. Lindbeck, Assar, 2008. "Prospects for the Welfare State," Working Paper Series 731, Research Institute of Industrial Economics.
  5. Ronald Bachmann & Michael C. Burda, 2007. "Sectoral Transformation, Turbulence, and Labour Market Dynamics in Germany," SFB 649 Discussion Papers SFB649DP2007-008, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  6. Gersbach, Hans, 2003. "Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects," IZA Discussion Papers 833, Institute for the Study of Labor (IZA).
  7. Hartwig, Jochen, 2008. "What drives health care expenditure?--Baumol's model of 'unbalanced growth' revisited," Journal of Health Economics, Elsevier, vol. 27(3), pages 603-623, May.
  8. Aykut Kibritcioglu, 2001. "Causes of Inflation in Turkey: A Literature Survey with Special Reference to Theories of Inflation," Economics Bulletin, AccessEcon, vol. 28(21), pages A0.
  9. Schettkat, Ronald, 2003. "Institutions in the Economic Fitness Landscape: What Impact Do Welfare State Institutions Have on Economic Performance?," IZA Discussion Papers 696, Institute for the Study of Labor (IZA).
  10. Peneder, Michael, 2003. "Industrial structure and aggregate growth," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 427-448, December.
  11. Casey B. Mulligan & Kevin K. Tsui, 2008. "Political Entry, Public Policies, and the Economy," NBER Working Papers 13830, National Bureau of Economic Research, Inc.
  12. Ismael Sanz & Francisco Javier Velázquez, 2002. "Determinants of the Composition of Government Expenditure by Functions," European Economy Group Working Papers 13, European Economy Group.
  13. Michael Peneder & Serguei Kaniovski & Bernhard Dachs, 2003. "What follows tertiarisation? structural change and the role of knowledge-based services," The Service Industries Journal, Taylor & Francis Journals, vol. 23(2), pages 47-66, March.
  14. Jochen Hartwig, 2008. "Has health capital formation cured ‘Baumol’s Disease’? – Panel Granger causality evidence for OECD countries," KOF Working papers 08-206, KOF Swiss Economic Institute, ETH Zurich.
  15. Daron Acemoglu & Veronica Guerrieri, 2006. "Capital Deepening and Non-Balanced Economic Growth," NBER Working Papers 12475, National Bureau of Economic Research, Inc.
  16. Reto Foellmi & Josef Zweimüller, . "Structural Change and the Kaldor Facts of Economic Growth," IEW - Working Papers 111, Institute for Empirical Research in Economics - University of Zurich.
  17. James A. Kahn, 2008. "What drives housing prices?," Staff Reports 345, Federal Reserve Bank of New York.
  18. Reis, Ana Balcao & Sequeira, Tiago Neves, 2004. "Human Capital Composition, R&D and the Increasing Role of Services," FEUNL Working Paper Series wp456, Universidade Nova de Lisboa, Faculdade de Economia.
  19. Lindbeck, Assar, 2002. "The European Social Model: Lessons for Developing Countries," Seminar Papers 714, Stockholm University, Institute for International Economic Studies.
  20. Margarida Duarte & Diego Restuccia, 2009. "The Role of the Structural Transformation in Aggregate Productivity," Working Papers tecipa-348, University of Toronto, Department of Economics.
  21. Maurizio Pugno, 2003. "The service paradox and endogenous economic growth," Department of Economics Working Papers 0301, Department of Economics, University of Trento, Italia.
  22. Giulia Felice, 2003. "Dinamica strutturale e occupazione nei servizi," Department of Economics Working Papers 0304, Department of Economics, University of Trento, Italia.
  23. Felicity C Barker & Robert A Buckle & Robert W St Clair, 2008. "Roles of Fiscal Policy in New Zealand," Treasury Working Paper Series 08/02, New Zealand Treasury.
  24. Leah Platt Boustan, 2007. "Was Postwar Suburbanization "White Flight"? Evidence from the Black Migration," NBER Working Papers 13543, National Bureau of Economic Research, Inc.
  25. Oscar De Juan & Eladio Febrero, 2000. "Measuring Productivity from Vertically Integrated Sectors," Economic Systems Research, Taylor & Francis Journals, vol. 12(1), pages 65-82.
  26. Thomas A. Garrett & Russell M. Rhine, 2006. "On the size and growth of government," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 13-30.
  27. Frits Bos & Rudy Douven & Esther Mot, 2004. "Four scenarios for the future of the public sector and healthcare," CPB Document 72, CPB Netherlands Bureau for Economic Policy Analysis.
  28. Ngai, Liwa Rachel & Pissarides, Christopher, 2004. "Structural Change in a Multi-Sector Model of Growth," CEPR Discussion Papers 4763, C.E.P.R. Discussion Papers.
  29. Groot, H.L.F. de, 1998. "The Determination and Development of Sectoral Structure," Discussion Paper 1998-125, Tilburg University, Center for Economic Research.
  30. Rafael Boix & Joan Trullén, 2004. "Knowledge, networks of cities and growth in regional urban systems: theory, measurement and policy implications," ERSA conference papers ersa04p85, European Regional Science Association.
  31. Maarten Goos & Alan Manning, 2007. "Lousy and Lovely Jobs: The Rising Polarization of Work in Britain," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 118-133, February.
  32. Messina, Julián, 2003. "Sectoral Structure and Entry Regulations," IZA Discussion Papers 747, Institute for the Study of Labor (IZA).
  33. Antonio Spilimbergo, 1995. "La desindustrialización y el comercio," Research Department Publications 4015, Inter-American Development Bank, Research Department.
  34. Kox, Henk L.M. & Rubalcaba, Luis, 2007. "Analysing the contribution of business services to European economic growth," MPRA Paper 2003, University Library of Munich, Germany.
  35. Henk L.M. Kox, 2003. "Business services and the Baumol disease," Development and Comp Systems 0309007, EconWPA.
  36. Areendam Chanda & Carl-Johan Dalgaard, 2005. "Wage Inequality and the Rise of Services," DEGIT Conference Papers c010_016, DEGIT, Dynamics, Economic Growth, and International Trade.
  37. Nicholas Oulton, 2000. "Must the growth rate decline? Baumol's unbalanced growth revisited," Bank of England working papers 107, Bank of England.
  38. Schettkat, Ronald & Yocarini, Lara, 2003. "The Shift to Services: A Review of the Literature," IZA Discussion Papers 964, Institute for the Study of Labor (IZA).
  39. David Hauner & Annette Kyobe, 2008. "Determinants of Government Efficiency," IMF Working Papers 08/228, International Monetary Fund.
  40. Carolina Castaldi & Giovanni Dosi, 2008. "Technical Change and Economic Growth: Some Lessons from Secular Patterns and Some Conjectures on the Current Impact of ICT Technology," LEM Papers Series 2008/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  41. Benito Arruñada, 2003. "Specialization and rent-seeking in moral enforcement: The case of confession," Economics Working Papers 653, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2009.
  42. Maria Savona & André Lorentz, 2006. "Demand and Technology Determinants of Structural Change and Tertiarisation: An Input-Output Structural Decomposition Analysis for four OECD Countries," Working Papers of BETA 2006-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  43. Michael McBride, 2005. "Why Hasn’t Economic Growth Killed Religion?," Working Papers 050602, University of California-Irvine, Department of Economics.
  44. Vladimir Klyuev, 2004. "Evolution of the Relative Price of Goods and Services in a Neoclassical Model of Capital Accumulation," IMF Working Papers 04/207, International Monetary Fund.
  45. Francesco Daveri & Cecilia Jona-Lasinio, 2005. "Italy’s Decline: Getting the Facts Right," Working Papers 301, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  46. Eschenbach, Felix & Hoekman, Bernard, 2005. "Services policy reform and economic growth in transition economies, 1990-2004," Policy Research Working Paper Series 3663, The World Bank.
  47. Eric A. Hanushek, 2003. "The Failure of Input-Based Schooling Policies," Economic Journal, Royal Economic Society, vol. 113(485), pages F64-F98, February.
  48. Gradstein, Mark & Nikitin, Denis, 2004. "Educational expansion : evidence and interpretation," Policy Research Working Paper Series 3245, The World Bank.
  49. Benito Arrunada, . "Catholic Confessions of Sin as Third Party Moral Enforcement," Gruter Institute Working Papers on Law, Economics, and Evolutionary Biology 3-1-1013, Berkeley Electronic Press.
  50. L. Rachel Ngai & Christopher A. Pissarides, 2004. "Balanced Growth With Structural Change," CEP Discussion Papers dp0627, Centre for Economic Performance, LSE.
  51. Felix Eschenbach & Bernard Hoekman, 2006. "Services Policy Reform and Economic Growth in Transition Economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(4), pages 746-764, December.
  52. Walter Stanners, 1996. "De-Industrialisation," Development and Comp Systems 9601001, EconWPA, revised 05 Aug 1996.
  53. Louis M. Imbeau & François Pétry & Jean Crête & Geneviève Tellier & Michel Clavet, 2001. "Measuring Government Growth in the Canadian Provinces: Decomposing Real Growth and Deflator Effects," Canadian Public Policy, University of Toronto Press, vol. 27(1), pages 39-52, March.
  54. Pascal Petit, 1999. "Sectoral Patterns of Distribution in Slowly Growing Economies: The case of nine OECD countries in the 1980s and 1990s," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(3), pages 333-351.
  55. Quiggin, John, 2005. "Economic liberalism: fall, revival and resistance," Risk and Sustainable Management Group Working Papers 151508, University of Queensland, School of Economics.
  56. Susan Donath, 2000. "The Other Economy: A Suggestion for a Distinctively Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 6(1), pages 115-123.
  57. Assar Lindbeck, 2002. "Changing Tides for the Welfare State - An Essay," CESifo Working Paper Series 645, CESifo Group Munich.
  58. Henk L.M. Kox, 2003. "Sources of structural growth in business services," Industrial Organization 0309004, EconWPA.
  59. Eric A. Hanushek & Steven G. Rivkin, 1996. "Understanding the 20th Century Growth in U.S. School Spending," NBER Working Papers 5547, National Bureau of Economic Research, Inc.
  60. Groezen, B.J.A.M. van & Meijdam, A.C. & Verbon, H.A.A., 2002. "Social Security Reform and Population Ageing in a Two-Sector Growth Model," Discussion Paper 2002-25, Tilburg University, Center for Economic Research.
  61. Wachter, Till von, 2001. "Employment and productivity growth in service and manufacturing sectors in France, Germany and the US," Working Paper Series 0050, European Central Bank.
  62. Jens J. Krüger, 2004. "Productivity Dynamics and Structural Change in the U.S. Manufacturing Sector," Jenaer Schriften zur Wirtschaftswissenschaft 30/2004, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultät.
  63. Gudrun Biffl, 2006. "Gender and the Labour Market: Comparing Austria and Japan," WIFO Working Papers 279, WIFO.
  64. Boyer, Kenneth D. & Burks, Stephen V., 2007. "Stuck in the Slow Lane: Traffic Composition and the Measurement of Labor Productivity in the U.S. Trucking Industry," IZA Discussion Papers 2576, Institute for the Study of Labor (IZA).
  65. Andrew Pickering & James Rockey, 2007. "Ideology and the Growth of Government," Bristol Economics Discussion Papers 07/599, Department of Economics, University of Bristol, UK.
  66. Jochen Hartwig, 2005. "Sind unsere gesamtwirtschaftlichen Probleme überhaupt lösbar?," KOF Working papers 05-112, KOF Swiss Economic Institute, ETH Zurich.
  67. Markus Diehl, 2000. "Globalisation and Employment in the EU Electrical Industry: A Case Study with Emphasis on Germany," Kiel Working Papers 1005, Kiel Institute for the World Economy.
  68. Spilimbergo, Antonio, 1998. "Deindustrialization and Trade," Review of International Economics, Wiley Blackwell, vol. 6(3), pages 450-60, August.
  69. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
  70. Martin Paldam & Erich Gundlach, 2008. "Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions," Kyklos, Wiley Blackwell, vol. 61(1), pages 65-100, 02.
  71. Rebecca M. Blank, 1993. "Public Sector Growth and Labor Market Flexibility: The United States vs. The United Kingdom," NBER Working Papers 4339, National Bureau of Economic Research, Inc.
  72. Thomas Philippon & Ariell Reshef, 2007. "Skill Biased Financial Development: Education, Wages and Occupations in the U.S. Financial Sector," NBER Working Papers 13437, National Bureau of Economic Research, Inc.
  73. Michael L. Lahr, 2004. "Is New York City Still Propelling Growth In Its Suburbs?: A Study Of Economic Spillover Effects Through Spatial Contiguity," Urban/Regional 0403007, EconWPA.
  74. Hoekman, Bernard & Mattoo, Aaditya, 2008. "Services trade and growth," Policy Research Working Paper Series 4461, The World Bank.
  75. Singh, Nirvikar, 2006. "Services-led industrialization in India: Assessment and lessons," MPRA Paper 1276, University Library of Munich, Germany.
  76. Pierre Mohnen & Thijs Ten Raa, 2000. "Productivity Trends and Employment across Industries in Canada," CIRANO Working Papers 2000s-10, CIRANO.
  77. Messina, Julián, 2003. "The role of product market regulations in the process of structural change," Working Paper Series 0217, European Central Bank.
  78. Buera, Francisco J. & Kaboski, Joseph P., 2012. "Scale and the origins of structural change," Journal of Economic Theory, Elsevier, vol. 147(2), pages 684-712.
  79. Ben Hunt, 2007. "U.K. Inflation and Relative Prices Over the Last Decade," IMF Working Papers 07/208, International Monetary Fund.
  80. Thomas E. Borcherding & J. Stephen Ferris & Andrea Garzoni, 2001. "Growth in the Real Size of Government Since 1970," Carleton Economic Papers 01-06, Carleton University, Department of Economics.
  81. D'Agostino, Antonello & Serafini, Roberta & Ward-Warmedinger, Melanie E., 2006. "Sectoral Explanations of Employment in Europe: The Role of Services," IZA Discussion Papers 2257, Institute for the Study of Labor (IZA).
  82. Lindbeck, Assar, 2006. "The Welfare State -- Background, Achievements, Problems," Working Paper Series 662, Research Institute of Industrial Economics.
  83. D.P. Doessel & Abbas Valadkhani, 2002. "Public Finance and The Size of Government: A Literature Review and Econometric Results for Fiji," School of Economics and Finance Discussion Papers and Working Papers Series 108, School of Economics and Finance, Queensland University of Technology.
  84. Oliva, Rogelio. & Sterman, John., 1999. "Cutting corners and working overtime : quality erosion in the service industry," Working papers WP 4075-99., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  85. David Hauner, 2007. "Benchmarking the Efficiency of Public Expenditure in the Russian Federation," IMF Working Papers 07/246, International Monetary Fund.
  86. Andreas Breitenfellner & Antje Hildebrandt, 2006. "High Employment with Low Productivity? The Service Sector as a Determinant of Economic Development," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 110–135.
  87. Gersbach, Hans & Schniewind, Achim, 2002. "Uneven Technical Progress and Unemployment," IZA Discussion Papers 478, Institute for the Study of Labor (IZA).
  88. Koskela, Erkki & VirÉn, Matti, 2000. "Is There a Laffer Curve Between Aggregate Output and Public Sector Employment," Discussion Papers 737, The Research Institute of the Finnish Economy.
  89. Andrew Sentance & Stephen Hall & John O'Sullivan, 1998. "Modelling and forecasting UK public finances," Fiscal Studies, Institute for Fiscal Studies, vol. 19(1), pages 63-81, February.
  90. Heikki A. Loikkanen & Ilkka Susiluoto, 2005. "Cost Efficiency of Finnish Municipalities in Basic Service Provision 1994-2002," ERSA conference papers ersa05p37, European Regional Science Association.
  91. Desmet, Klaus & Rossi-Hansberg, Esteban, 2009. "Spatial growth and industry age," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2477-2502, November.
  92. David Mayston, . "Accounting, Information and the Development of Evidence-Based Resourcing Strategies in Education," Discussion Papers 00/47, Department of Economics, University of York.
  93. Hernando Zuleta & Andrew T. Young, 2007. "Labor's shares - aggregate and industry: accounting for both in a model of unbalanced growth with induced innovation," DOCUMENTOS DE TRABAJO 003105, UNIVERSIDAD DEL ROSARIO.
  94. Carlos Frederico Leão Rocha, 2003. "Heterogeneidade Estrutural, Composição Setorial e Tamanho de Empresa nos Anos 90," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] d57, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  95. Ludger Wößmann, 2001. "New Evidence on the Missing Resource-Performance Link in Education," Kiel Working Papers 1051, Kiel Institute for the World Economy.
  96. Kox, Henk L.M. & Rubalcaba, Luis, 2007. "Business services and the changing structure of European economic growth," MPRA Paper 3750, University Library of Munich, Germany.
  97. Anita Wölfl, 2004. "Productivity Growth in Services Industries: Is There a Role for Measurement?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 66-80, Spring.
  98. Cavaco, Sandra & Etienne, Jean-Michel & Skalli, Ali, 2007. "Identifying causal paths between health and socio-economic status: Evidence from European older workforce surveys," Working Papers 07-8, University of Aarhus, Aarhus School of Business, Department of Economics.
  99. Pascal Ughetto, 2004. "Demand-side Issues of the Service Economy," Post-Print halshs-00335096, HAL.
  100. Henri L.F.M. de Groot & Cees A. Withagen & Zhou Minliang, 2001. "Dynamics of China's Regional Development and Pollution," Tinbergen Institute Discussion Papers 01-036/3, Tinbergen Institute.
  101. Squicciarini, Mariagrazia & Loikkanen, Torsti, 2008. "Going Global: The Challenges for Knowledge-based Economies," MPRA Paper 9663, University Library of Munich, Germany.
  102. Agbonyitor, Albert D. K., 1998. "Development expenditures and the local financing constraint," Policy Research Working Paper Series 1907, The World Bank.
  103. Dinah Maclean, 1997. "Lagging Productivity Growth in the Service Sector: Mismeasurement, Mismanagement or Misinformation?," Working Papers 97-6, Bank of Canada.
  104. David Paton & Donald S. Siegel & Leighton Vaughan Williams, 2004. "Productivity Measurement in a Service Industry: Plant-Level Evidence from Gambling Establishments in the United Kingdom," Rensselaer Working Papers in Economics 0413, Rensselaer Polytechnic Institute, Department of Economics.
  105. Leon Taylor, 1998. "Taxing sales to tourists over time," Public Economics 9810003, EconWPA.
  106. Enrique R. Casares, 2007. "Productivity, Structural Change in Employment and Economic Growth," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 22(2), pages 335-355.
  107. repec:ebl:ecbull:v:15:y:2005:i:7:p:1-8 is not listed on IDEAS
  108. Lööf, Hans, 2004. "A Comparative Perspective on Innovation and Productivity in Manufacturing and Services," Working Paper Series in Economics and Institutions of Innovation 1, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  109. Messina, Julián, 2004. "Institutions and service employment: a panel study for OECD countries," Working Paper Series 0320, European Central Bank.
  110. Groezen, B.J.A.M. van & Meijdam, A.C. & Verbon, H.A.A., 2002. "General-Equilibrium Effects of Privatisation: The Missing Piece in Social Security Reform," Discussion Paper 2002-24, Tilburg University, Center for Economic Research.
  111. Jack E. Triplett & Barry P. Bosworth, 2003. "Productivity measurement issues in services industries: "Baumol's disease" has been cured," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 23-33.
  112. Robert B. Archibald & David H. Feldman, 2006. "Explaining Increases in Higher Education Costs," Working Papers 42, Department of Economics, College of William and Mary.
  113. Peter Havlik & Sebastian Leitner & Robert Stehrer, 2008. "Growth Resurgence, Productivity Catching-up and Labour Demand in CEECs," wiiw Statistical Reports 3, The Vienna Institute for International Economic Studies, wiiw.
  114. Gunnar Eliasson & Magnus Henrekson, 2004. "William J. Baumol: An Entrepreneurial Economist on the Economics of Entrepreneurship," Small Business Economics, Springer, vol. 23(1), pages 1-7, 08.
  115. Ismael Sanz & Francisco J. Velázquez, 2003. "Fiscal illusion, fiscal consolidation and government expenditure composition in the OECD: a dynamic panel data approach," European Economy Group Working Papers 21, European Economy Group.
  116. Benjamin N. Dennis & Talan Iscan, 2007. "Accounting for Structural Change: Evidence from Two Centuries of U.S. Data," Department of Economics at Dalhousie University working papers archive account7, Dalhousie, Department of Economics.
  117. Markus Knell, 2004. "The Role of Revaluation and Adjustment Factors in Pay-As-You-Go Pension Systems," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 55–71.
  118. Sanjay Hansda, 2005. "Sustainability of Services-Led Growth: An Input Output Exploration of the Indian Economy," GE, Growth, Math methods 0512009, EconWPA.
  119. Frederico Rocha, 2005. "Nem Computer Chips, Nem Potato Chips: Produtividade E Mudança Estrutural Na Indústria Brasileira, 1970-2001," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 063, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  120. Wim Suyker & Henri de Groot & P. Buitelaar, 2007. "India and the Dutch economy; stylised facts and prospects," CPB Document 155, CPB Netherlands Bureau for Economic Policy Analysis.
  121. Henk L.M. Kox, 2004. "The contribution of business services to aggregate productivity growth," Industrial Organization 0402005, EconWPA.
  122. Charles R. Hulten & Robert M. Schwab, 1987. "Income Originating in the State and Local Sector," NBER Working Papers 2314, National Bureau of Economic Research, Inc.
  123. Lindbeck, Assar, 2001. "Changing Tides For The Welfare State," Seminar Papers 694, Stockholm University, Institute for International Economic Studies.
  124. Esther Gordo & Javier Jareño & Alberto Urtasun, 2006. "Radiografía del sector servicios en España," Banco de Espa�a Occasional Papers 0607, Banco de Espa�a.
  125. Thomas Philippon, 2007. "Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance," NBER Working Papers 13405, National Bureau of Economic Research, Inc.