It has been widely accepted that economic globalization is inevitable, and that globalization plays an increasingly important role in determining relative economic growth among countries. Considerable studies have addressed that increased in globalization or trade liberalization is directly or...

Purpose - Existence of working poverty reduces the effectiveness of the strategy of "increasing employment to reduce poverty". Developed countries are already concerned about it but insufficient attention has been made by developing countries. Focusing on developing countries this study...

Poverty traps occurs when agents fail to coordinate their actions to achieve the optimal allocation of resources. It is argued that this phenomenon makes economic convergence impossible and keeps agents in a poverty trap from which they cannot escape unless a massive and coordinated industrial...

Economic development and social entrepreneurship often conceive of poverty as a resource allocation problem in which a lack of capital prevents the poor from increasing their income through entrepreneurship. This allocative view, however, represents only one possible approach to conceptualizing...

This study identifies Mexican sugarcane-planting micro-regions with different productive potential (PP), technical efficiency (TE) and poverty, to propose targeted impact investments. Central to our analysis are three innovative approaches: estimating a Stochastic Production Frontier (SPF) model...

Capital theory has taken a new turn with the theoretical discovery that wage curves tend to get linear in random systems, the larger they are, and with the confirmation that empirical wage curves do not deviate a great deal from linearity. The present chapter adds to these results by arguing...

This study presents a new methodology for a two-dimesional poverty measure for Turkey taking into account necessary consumption as well as the required household production neded to achieve a minium living standard. Official poverty lines in Turkey and other countries ignore the fact that unpaid...

In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, education and health) to assess and compare the performance of 15 European welfare states (EU15) over a 12-year period from 1995 to 2006. Aggregate measures of performance are obtained using...

A widely held view in the economic literature is that productivity growth is an important pathway through which trade liberalisation may alleviate poverty. This paper explores the link between trade openness, agricultural productivity growth and poverty reduction in a panel of Mediterranean...