The 1920s in the United States were a time of high income and wealth growth and rising inequality, up to the peak in 1929. It was an era of technological innovations such as electrification as well as booms in consumer durables, housing, and asset markets. The degree to which these skill-biased...

Foreign Direct Investment in the United States is analyzed using a stochastic production function with FDI as an input. Low but significant technical inefficiency is found across American states similar to earlier studies but now with FDI explicitly accounted for. FDI is found to have a low but...

Although cross section relationships are often taken to indicate causation, and especially the important impact of economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader-follower country patterns for variables that are causally...

The goal of this research is to provide an analysis of the development of the Republic of Croatia and 110 selected countries in terms of human resource development index components and the components of the Technological Achievement Index. Developmental lags of the Republic of Croatia were...

A fundamental goal of any economy is to procure and use the factors of production effectively. These factors include human capital, investment, and other factors. The Solow model attempts to identify other key factors of production necessary for economies. This model emphasizes the human...

This paper overviews the debate on the relationship between the measures of globalization, economic growth and pace of urbanization, and speculates on its impact on the quality of life and poverty in the context of Asian countries. After experiencing moderate to high urban growth for three to...

Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the centre of Malaysia’s ambition to become a...

The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance. Firms could contribute through three different approaches:...

Growth has become more inclusive in recent years in Colombia. Strong growth and targeted social policies have reduced absolute poverty. Conditional cash transfers and education policies have increased attendance in schools. Universal health care is improving wellbeing of many Colombians....

This article begins by constructing a model of stratified and divergent economic growth integrating economic geography, human development and endogenous technological change. Even in the presence of perfect capital, goods, and labor markets, economic geography and local governance can lead to...