Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that puzzles and paradoxes vanish once two simple regularities are properly acknowledged. Okun and Verdoorn’s Laws explain 87 percent of all the variations in labor productivity....

A recent literature highlights the uncertainty concerning whether economic growth has any causal protective effect on health and survival. But equal rates of growth often deliver unequal rates of poverty reduction and absolute deprivation is more clearly relevant. Using state-level panel data...

This paper reviews existing structural transformation models and prominent literatures and then empirically examines Nepalese economic structure. The research findings reveal that industrial sector is significant to increase per capita income compared to the agriculture and services sectors in...

Conventional econometric analysis using VEC suggests that there is a long-term relationship between nominal world GDP and nominal world exports. The analysis cannot say anything about the causal relationships between the levels of GDP and exports. But it says a lot about the rules governing the...

We study the impact of growth and growth accelerations on poverty and inequality in Indonesia using a new panel dataset covering 26 provinces over the period 1977-2010. This dataset allows us to distinguish between mining and non-mining sectors of the economy. We find that growth in non-mining...

We study the impact of growth and growth accelerations on poverty and inequality in Indonesia using a new panel dataset covering 26 provinces over the period 1977-2010. This new dataset allows us to distinguish between mining and non-mining sectors of the economy. We find that growth in...

Este artículo tiene por propósito mostrar como los modelos de desarrollo se han implementado pero nose han constituido en una solución a las necesidades para las que fueron creados. En la primera parte semuestra las concepciones dominantes del crecimiento económico, presentándolas como una...

El objetivo del presente trabajo es mostrar la relación entre desempeño macroeconómico colombiano y conflicto armado interno. En este sentido, los resultados obtenidos de los indicadores de seguridad y los índices económicos para el periodo 2000-2008, muestran una aproximación a una...

El tema de los seguros se convirtió en una necesidad, al igual que el conocimiento de una segundalengua. El mundo de los negocios exige que el conocimiento en seguros sea indispensable es por estarazón que en es te documento se analiza el crecimiento y desarrollo del sec tor asegurador frente...

Following Fukuyama's (2001) postulation for future research in economic development, this paper examines the cultural hypothesis regarding national economic prosperity. Culture is found to affect economic performance through two channels; cultural traits that stimulate individual motivation, and...