The study endeavors to break down output growth in the Indian sugar industry into the ‘perspiration' component that corresponds to factor accumulation and the ‘inspiration' component that corresponds to the total factor productivity (TFP) growth. The bootstrapped Malmquist productivity index...

In a recent work, Ivanov and Webster (2007) present a methodology for measuring the contribution of tourism to economic growth and apply this methodology to the cases of Cyprus, Greece and Spain. The method uses the growth of real GDP per capita as a measure of economic growth and disaggregates...

We examine the conceptual and empirical basis of the environmental Kuznets curve. From both perspectives, the relationship lacks firm foundations. In particular, the empirical relationship is shown to be highly sensitive to the choice of pollutant, sample of countries and time period. This...

The main objective of this paper is to analyze the contribution of tourism to economic growth in Central American and selected Caribbean countries (The Bahamas, Dominica, Dominican Republic and Saint Lucia). Following recent methodology presented by Ivanov and Webster (2007), this paper will...

Can stock price movements be traced back partially to interpersonal utility effects? That is, are shareholders also chasing nonfinancial goals apart from generating profit under risk that can be ascribed neither to findings of behavioral finance nor to traditional economical theories? Inspired...

This note presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped pattern of economic growth which represented with a linear model provides information on how an economic system growth in comparison with another one. In particular, this...

The dynamics of macroeconomic outcomes manifests on short and long periods. Analysis of economic growth is carried out for long periods of time to eliminate the effects of cyclical expansion within short periods of time. The study of economic growth process can be performed using the production...

The paper constructs a model of optimal Growth with resource constraints. It was the first to call for what came to be called environmental accounting in calculation of national income accounts (proposition 2 of the paper) and it is only second after the author's PhD dissertation to provide...

The main focus of this paper is the impact of efficiency losses, related to public capital stock, on the prospects of economic growth in democratic and autocratic political environments. We introduce a distinction between two types of efficiency loss: along with the loss of public capital during...

This book develops a machine-learning framework for predicting economic growth. It can also be considered as a primer for using machine learning (also known as data mining or data analytics) to answer economic questions. While machine learning itself is not a new idea, advances in computing...