Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to infrastructure corresponds to the practiced neglect of the long-term policy objective of economic growth in the economic order of the German social market economy since its creation after...

Das apostolische Schreiben „Evangelii Gaudium“ wurde in den ersten Spontanreaktionen der Presse als marktfeindlich eingestuft. Dies ist ein Interpretationsfehler. Er kommt dadurch zustande, dass Papst Franziskus für seine pastorale Botschaft eine Bildersprache wählt. Hier werden...

Das Apostolische Schreiben „Evangelii Gaudium“ wurde in der Öffentlichkeit spontan als anti-kapitalistisch eingestuft, so als argumentiere Papst Franziskus marktfeindlich. Dies ist ein Interpretationsfehler. Er kommt dadurch zustande, dass Papst Franziskus für seine pastorale Botschaft...

This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960-2005 period. We calculate various polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on...

The paper empirically investigates, in the context of African countries, the determinants of income distribution and inequality, the effect of inequality on economic growth, and the channels through which inequality affects growth. Data for 35 countries over different periods in the last four...

This paper reviews Finnish economic history during the ‘long’ twentieth century with a special emphasis on policies for equity and growth. We argue that Finland developed from a poor, vulnerable, and conflict-prone country to a modern economy in part through policies geared at both growth...

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....

We analyze whether biodiversity is enhancing the development process in developing countries (DCs) via increasing tourism receipts in a trade based endogenous growth framework. The underlying assumption is that a rich biodiversity - only if used sustainably - provides a comparative advantage in...