India has witnessed a tremendous economic growth, as measured by GDP, over the past 10 years. Many experts have pointed out that FDI (Foreign Direct Investment) has been one of the major factors taking India to this growth level. Foreign investment in India has increased continuously since...

The objective of this paper is to find the causal relationship between economic growth (GDP) rate and domestic saving growth (GDS) rate by applying the Harrod Domar growth model in the case of the Chinese economy. This paper took an analysis of Harrod Domar growth model by using the...

Macroeconomic theories of the 1980s faced accelerated depreciation when not sudden death. By contrast with econometrics and microeconomics and despite massive progress in access to data and the use of statistical softwares, macroeconomic theory appears not to be a cumulative science so far. When...

Indonesia has a very good record of poverty reduction, having halved its incidence over the past two decades. Nevertheless, almost 30 million people still live below the national poverty line, mostly in rural areas and in certain provinces. In order to make further progress in lifting these...

Economies governed by former economics students grow faster than economies governed by leaders with other education backgrounds; a result which is most evident for presidents. Faster growth (average growth) occurs during an economic leader's first year (entire tenure), primarily through...

The purpose of this research is to determine the relationship among education, education finance and economic growth on the basis of secondary education. In the research, the number of students enrolled in secondary education is the indicator of education, net government education expenditures...

American Indian communities are the poorest in the United States. They suffer from poverty, unemployment, and inadequate housing rates not seen elsewhere in the U.S. Yet any discussion of economic development in Indian Country is always conditioned and constrained by concerns about possible...

John Taylor has found that entertaining his students is an effective tool for economic education in his classroom teaching. The success of Freakonomics has demonstrated that how we package the economic toolkit can be not only educational but profitable. In this paper, it is demonstrated how the...

We examine the treatment of Soviet growth in successive editions of American economics textbooks published between 1960 and 1980. What we find repeatedly is over-confidence in the potential for Soviet growth and an asymmetric response to past forecast errors. More than this, the textbooks report...

Ethiopian government has paid great attention to higher education expansion and hence, it has been a national policy issue of the country. The study investigated the dynamic relationship between higher education and economic growth in Ethiopia using annual data collected from 1981-2014....