Politicians typically focus on short-term economic issues; but, a nation’s long-term economic well-being is directly linked to its rate of economic growth. In turn, its growth rate is directly linked to the economically relevant skills of its population. Until recently, however, economists...

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Since its inception, the main analytical contribution of the Human Development Index (HDI) has been its emphasis on enhancing the quantity of its components. In this paper, a set of qualitative indicators are introduced in order to formulate a quality-adjusted human development index (Q-HDI)...