This paper proposes an endogenous growth model in which gender inequality in employment has an important role in explaining different development dimensions such as socio-political participation, educational attainments, and working hours, in developed countries. Starting from a theoretical...

This study presents a model of economic growth based on saturating demand, where the demand for a good has a certain maximum amount. In this model, the economy grows not only by the improvement in production efficiency in each sector, but also by the migration of production factors (labor in...

The focus on human capital as a driver of economic growth for developing countries has led to undue attention on school attainment. Developing countries have made considerable progress in closing the gap with developed countries in terms of school attainment, but recent research has underscored...

Does capital flow from rich to poor countries? We revisit the Lucas paradox to account for the role of capital account openness. We find that, when accounting for such openness, the prediction of the neoclassical theory is empirically confirmed: among financially open economies, less developed...

The two-sector specific factor model is typically used in the theory of international trade where it helps to clarify the principle of comparative advantage. Instead, we use this model as explicit theoretical framework to explain major trends of long-run economic development. Combined with...

I reconsider the primacy of institutions over geography as an explanatory factor of cross-country differences in economic performance, which has recently been postulated by Acemoglu et al. (2001) and others. My estimates show that the reported missing direct performance effects of a measure of...

The role of Eritrean women in thirty years war of independence brought major changes and reflects in the present demography and economy of Eritrea in the development arena. Their participation in the economy contributes to local production and income by filling the gaps left by men who died in...

Microenterprises are the main source of income and employment for a majority of the world's poor. Developing appropriate programs to help microenterprises grow remains a challenging task. While injections of capital can often help start-ups, funding sustainable business expansion is clearly a...

Microfinance institutions’ (MFIs) preference for women borrowers varies internationally and the MFI focus on women borrowers is generally attributed to two reasons: women borrowers are more trustworthy and have greater social impact. However, the role of social trust with regard to this gender...

The study aimed at identifying factors limiting the Tietê and Paraná valleys economic growth. Specifically, it analyzed the importance of the capital stocks for economic growth of these and the other counties in São Paulo State. Nine factors were generated by Principal Components Method to...