What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....

In this paper we show that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias. Using data for about 130 countries, we show that after inclusion of variables related to the social capabilities concept of Abramovitz (1986) i.e....

Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and...

Purpose - The article aims at discovering classes and clusters of EU member-states considering their levels of economic development and gender equality to foster the enhancement of EU cohesion policy. Research methodology - The methodology includes the grouping by two parameters, economic...

Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack of diversification in Africa's economies-in contrast to...

Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...

The history of the ILO is characterized by a long fight to put employment at the heart of development strategies. Cautious about the limits of the growth trickle down effect, the ILO always emphasized that the economic growth objective should be reincorporated into an integrated development...

Process of economic growth and development has been shifted towards new strategies of entrepreneurship, institutional developments and market development. The shifting of development process towards new strategies needs human capital, developed infrastructure and effective policy reforms. This...

The international effort to meet the Millennium Development Goals by 2015 has given fresh prominence to the idea of poverty traps, a notion that was widely current in the 1950s. This idea, most actively promoted by economist Jeffrey Sachs, director of Columbia University's Earth Institute and...