This paper develops a measure of social capital based on economic relationships and analyzes its effects on growth. Investment in social capital is modeled by using the conceptual framework for measuring physical capital services. The measure of social capital depends on expectations of income,...

The last decade witnessed an unprecedented economic growth in Emerging Market Economies (EMEs). EMEs have also been the main drivers of growth in the recovery following the global financial crisis. Nevertheless, EMEs continue to face a number of institutional and structural challenges that may...

Several studies have explored the relationship between economy level crime rates or individual level crime and economic growth. However, few studies have examined the relationship between economic growth and crime against firms which is an important issue especially for developing economies....

The paper investigates China’s environmental performance-economic development relationship for the time period of 1965-2009. The results indicate that after 1990 China increased its environmental performance mainly driven by the implementation of several environmental policies. In addition...

Economic growth does not necessarily ensure environmental sustainability for a country. The relationship between the two is far more complicated for developing countries like India, given the dependence of a large section of the population on natural resources. Under this backdrop, the current...

Economic growth does not necessarily ensure environmental sustainability for a country. The relationship between the two is far more complicated for developing countries like India, given the dependence of a large section of the population on natural resources for livelihood. Under this...

This paper empirically investigates the impact of trade and financial liberalization on economic growth in Pakistan using annual observations over the period 1961-2005. The analysis is based on the bound testing approach of cointegration advanced by Pesaran et al (2001). The empirical findings...

After heart disease, cancer is the most common cause of death in many developed countries. Understanding how the overall cancer incidence evolves during economic growth can help macroeconomic attempts to forecast the economic impact of cancer and to manage resources allocation in planning health...

This paper attempts to reconcile the mismatch between theoretical models and empirical results in addressing the issue of education and economic growth. Development theorists have made numerous attempts to explain the contribution of education to economic growth. Over the years, endogenous...

From a broad philosophical framework, this paper addresses the relation between freedom and economic performance. It argues for the thesis that, although a liberal system does not guarantee absolute harmony, is the only "convenient" and morally valid for a modern society. The core of this...