either a concept-based, general' education or a skill-specific, vocational' education. General education is more costly to … policies favor vocational education will grow slower in equilibrium than one that favors general education. Moreover, the gap … education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …

. Using a sample of 45 countries, we find a strong, positive association between the importance of SMEs and GDP per capita … growth. The data do not, however, confidently support the conclusions that SMEs exert a causal impact on growth. Furthermore …, we find no evidence that SMEs alleviate poverty or decrease income inequality …