Existence of phenomena such as unemployment and low earnings of the poorest social strata in both periods of recession and the economic boom, highlights the existence of root causes in society. Providing answers to the question: what are the causes and the solutions can be implemented to solve...

Existence of phenomena such as unemployment and low earnings of the poorest social strata in both periods of recession and the economic boom, highlights the existence of root causes in society. Providing answers to the question: what are the causes and the solutions can be implemented to solve...

The objective of this study is to endorse the driving factors behind total factor productivity (TFP) and economic growth in Pakistan. Pakistan’s average growth rate is 5% for last few decades, and although this growth level is satisfactory, Pakistan faced several formidable challenges yet. The...

This chapter makes an attempt to assess the dynamic macroeconomic performance (DMEP) of fifteen major Indian States using three macro indicators viz., gross state domestic product (GSDP), fiscal deficit as percentage of the GSDP and price measured by the GSDP deflator. Keeping in mind...

China’s rise drives a growing impact of China on economics. So far, this mainly works via theforce of example, but there is also an emerging role of Chinese thinking in economics. Thispaper raises the question how far Chinese perspectives can affect certain foundational principlesin economics,...

Spanish Abstract: En las últimas décadas ha aumentado la bibliografía sobre la relación entre el crecimiento económico y su impacto social. Los sucesivos fracasos en la lucha contra la pobreza han dado lugar a nuevas estrategias para combatirla, como el “crecimiento pro-pobre.” Este...

Regarding economic freedom, research shows that although it has its negative effects, especially in a shorter term, e.g., the phase of increasing inequality, overall trends are indicative that countries with higher levels of economic freedom have not only higher gross domestic product per capita...

What are the causes of prosperity? In addition to saving, capital accumulation, and good institutions, Adam Smith explains opulence through vanity and luck, two variables we tend to forget today. For Smith, wealth comes from our propensity to better our condition, combined with freedom and the...