The Frasier Institute’s Economic Freedom of the World is often taken as a metric of market capitalism. This paper argues that the index is an amalgam of measures capturing free markets and good governance, and analysts should remain cognizant of this conceptual conflation when using the index...

The aim of this article is to investigate the relationship between sectors of activity in a small economy, exemplified by the case of Cape Verde, in order to analyze the impact that each one has on the others. Using the vector autoregressive (VAR) approach, the short-run and long-run...

The main of this article is to analyse the evolution of Cape Verdean economy and find a binding constraint to economic growth, using the technique “growth diagnostic” proposed by Hausmann et al. (2005). The real GDP per capita in Cape Verde increased from US$ 806 in 1970 to US$ 2.830 in...

This study empirically investigates the long-run relationship and short-run dynamics between financial development and economic growth in Cape Verde for the period 1980 - 2011. The study employs the Johansen and Juselius approach to cointegration, pairwise granger causality test for causality...

This article uses the HRV model proposed by Hausmann, Rodrik and Velasco (2005) to conduct a growth diagnosis of Cape Verde's economy. The real per capita GDP in Cape Verde rose from US$ 806 in 1970 to US$ 2.830 in 2011, representing an average annual rate of growth of 3.3%. The service sector...

Budget constraints faced by governments in developing countries imply that the targeting performance of public subsidies and social programs (whether the subsidies are provided in cash or in kind) is important for reducing poverty. In this paper, we analyze the distributional properties of the...

This paper assesses the employment and school enrollment gaps between disabled and non-disabled persons using the last Cape Verdean census. The unexplained part of these gaps accounts for most of them, whatever the age group considered. Furthermore, differences in age structures between disabled...

Cape Verde has enjoyed rapid economic growth over the past twenty years. Existing studies suggest hat the proportion of the population in poverty declined from 49.0 percent in 1988-89 to 36.7 percent in 2001-02. The results presented here suggest a continuation of this trend with only 26.6...

Article about the role of determinism in the development of social processes. Author from the standpoint of the materialist dialectic analyzes the dynamics and patterns of social processes in Russia. Particular attention is paid to the criticism of religious and ideological concepts of...

The paper aims to present the Islamic appraisal of established theories in academic literature of development economics, both in classical and neo-classical economics. The paper also explains the Islamic concept of human development and shows it to be more welfare maximizing to humans in their...