The explanation of economic inequality and its relationship to growth has produced a great amount of research. Kuznets (1955) formulated the “inverted-U” hypothesis according to which inequality increases in the initial levels of development to decrease later on, after a certain point of...

This paper explores the extent of efficiency improvements achieved by New Zealand banks over the period 1996 to 2002, using data envelopment analysis (DEA), on a time-series, rather than cross-sectional basis. <p> Evidence is found for improvements in bank efficiency through time, some of which can...</p>

Although the world wide global polio eradication program aimed at exterminating the disease by the year 2003, seven countries including India are still considered to be polio endemic. India witnessed a polio explosion during the year 2002. In recent years there is definite evidence in favor of...

Several studies have shown a positive correlation between investment in machinery and equipment and economic growth. For this reason, it is very important for policy-makers to study the dynamics of investments and their expected evolution over time through forecast scenarios. The paper aims to...

This paper examines the importance of Research and Development activities as a source of growth in labor productivity in the Canadian economy within last four decades. Time series data are used to develop an econometrics model that captures the interaction between labor productivity and R&D,...

The gender earnings differential in Russia 2000-02 is examined using a nationally representative household survey. Adjusted for hours worked, women’s monthly earnings are 62% of men’s, and women’s long-run effective wage is 69% of men’s. While women’s higher human capital endowments...

We compare the economic development of Asia-Pacific countries in the 20th century with world average, and analyse the evolution of education, fertility, population and economic growth in Asia-Pacific countries at the end of the 20th century, showing that, after centuries of slow economic...

This paper presents a comparison of exponential rates of growth in America, Europe, Africa and Asia-Pacific during the 20th century, and analyses the main causes that explain the important differences in Gross Domestic Product by inhabitant among these large areas. The paper emphasizes the...

The main objective of this paper is to assess how mutual information as a measure of global dependence between stock markets and macroeconomic factors can overcome some of the weaknesses of the traditional linear approaches commonly used in this context. One of the advantages of mutual...

This paper investigates the impact of public and private investment on Côte d’Ivoire’s economic performance (GDP growth) over the period 1969-2001, using an autoregressive-distributed lag (ARDL) Error Correction Model (ECM). The results shows that in the short run an increase in private...