"The world made significant progress on reducing poverty between 1981 and 2001 — the number of people in developing countries living on less than US$1 a day fell from 1.5 billion to 1.1 billion, or from 40 to 21 percent of the world's population. In fact, however, nearly all this progress...

The aim of this article is to present empirical estimates about the impact of human capital on labor productivity growth in the case of Slovenia. Instead the conventional methodology the methodology principally aimed at estimating the real convergence of labor productivity was used. The basic...

The rise and decline of nations throughout history continuously puzzles economists. Experience shows that successful economic performance is a very complex process, the scope of which goes well beyond the simplified neoclassical approach to growth. Business environment is a key determinant of...

Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some research pointing to net benefits while others find a net negative impact. Insight can be gained by careful analysis of several sub-questions. For example, for two countries...