Economic growth is driven by the process of accumulation of the dominant resource expressed by an ordinary differential equation. This equation is studied in the models of Harrod (1939), Solow (1956), Lucas (1988), Romer (1990), and Grossman and Helpman (1991). The equations of the first three...

Formerly socialist countries and developing countries have rapidly moved toward open and free enterprise economic systems. Direct foreign investment is now very welcome in all these countries. Such investments are greatly advantageous to these countries with respite to income, employment,...

It is universally recognized that income growth of a country is closely related to its rate of capital formation and foreign loans and assistance. This note attempts an empirical verification of this accepted fact based on a simple econometric study of the relationship between the rate of growth...

Una scala assoluta per misurare lo sviluppo socioeconomico Anche se numerose variabili sono spesso considerate buoni indicatori dello sviluppo socioeconomico, restano ancora da risolvere alcuni problemi base. Innanzitutto, lo sviluppo socioeconomico deve essere misurato in termini più concreti...