This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and growth. Employment-intensive FDI,...

Modeling the spatial aspect of growth has finally become an important subject of economics as exemplified by the increasing popularity of the new economic geography. However, new economic geography models have still not been able to develop a consistent approach to integrate innovation, space...

The search for an effective policy direction to contribute to the alleviation of rural poverty requires understanding of various socio-economic dynamics affecting the household. The central issue in the economic dimension is inefficiency in production, which may contribute to the widening income...

This paper explores the complex process of rural development at the community level in the Philippines. From the complementation among the essential elements of rural development (social infrastructure, physical infrastructure, and financial services), linkages are traced towards the attainment...

This research explores the effects of within-group heterogeneity on group-level productivity. It establishes that observed genetic diversity of 230 worldwide ethnic groups, as well as predicted genetic diversity of 1,331 ethnic groups across the globe, has a hump-shaped effect on economic...