The definition and measurement of economic well-being is receiving growing attention, both in academic research and policy agenda, as a key issue to provide a solid basis for decision-making at all levels, both national and local. There is general agreement among economists and policy-makers...

The empirical evidence of low effectiveness for growth of investment in physical and human capital policies based on international aid is analyzed and discussed (§ 1 and 2). Reasons are linked both to limits of analytical and econometric methods (§ 4) and the existence of strong...