The aim of this paper is to create an indicator that compares the efficiency of countries in converting economic complexity into human development through the Data Envelopment Analysis (DEA) method and econometric validation. The DEA will not only enable comparisons of efficiency across...

The objective of this article is to measure the efficiency of the Latin American and Asian countries in converting economic complexity into quality of life between 2010 and 2014. The method used was Data Envelopment Analysis (DEA). The results showed in 2014, all Asian countries were efficient...

This paper argues for the necessity and potential of introducing Schumpeter's understanding of economic development as structural change into Amartya Sen's people-oriented development as freedom approach. Sen and other authors on social choice, human development and inequality have effectively...

While the study of culture and its effects on economic, social, and psychological processes has experienced an explosion of attention, a systematic literature review on the integration of Human Development (HD) with cultural values is still missing. Based on a comprehensive view of HD (applying...

In this paper we bridge a gap between innovation economics and the human development approach by analyzing positive and negative effects of different types of economic diversification on social welfare. Economic variety is a driver and outcome of economic development. However, diversification...