Abstract: In this paper we model sustainable human development as intended in Sen’s capability approach in a system dynamic framework. Our purpose is to verify the variations over time of some achieved functionings, due to structural dynamics and to variations of the institutional setting and...

This paper estimates the money demand function for Jamaica using cointegration method. This approach provides estimates of the long run structural relations and focuses also on the complex short run feedbacks of monetary policy on strategic macro variables.

This paper aims at assessing poverty in Albania through the use of an asset index whose effectiveness is compared with consumption in explaining differences in results of health and educational outcomes. Firstly, an asset index is constructed by the use of factor analysis and principal component...

This article carries out a multidimensional analysis of welfare based on the social indicators approach aimed at assessing the quality of life in the 25 member countries of the European Union. It begins with description of the social indicators approach and provides some specifications on its...

This paper investigates the role performed by mothers in affecting their childrens� performance at school. The article develops �firstly a theoretical modelin which household (parent - child pair) is treated as an individual, whose utility depends both on the performance at school of the...