evidences indicating its dynamic character and its instrumental role in ameliorating unemployment and propelling the developing … into the diverse aspects of the ‘multidimensional’ informal sector, its role in the context of unemployment, child labour …

trend in unemployment, which appears to be related to the slowdown of economic growth. However, the relation between … unemployment and a slowing growth pattern stems from an external variable: a rapid increase in the cost of labor. There are many …, therefore creating unemployment. Second, because the cost of labor rises, firms will begin replacing labor with capital until …

institutional factors. It is not surprising therefore that the alteration of formal institutions (e.g. laws, measures, policies etc ….) is a hot topic nowadays. But it is important to note that the efficiency of formal institutions is based on informal ones …

The objective of this study is to analyze the impact of institutions on the economic growth and examine whether the … institutions indeed are important in determining the long-run economic growth. However, the impact of the institutions on economic … institutions are more effective in developed region as compared to developing region. More specially, control over corruption, rule …

foreign technologies and establish institutions favorable to economic growth. I explore the threshold between the seemingly … reaching a certain threshold, however, the primary driver of economic growth appears to shift from geography to institutions. …