Social capital is a broad term containing the social networks and norms that generate shared understandings, trust and reciprocity, which underpin cooperation and collective action for mutual benefits, and creates the base for economic prosperity. This study deals with the formation of social...

Using a vector error correction model, this paper investigates the long-run relation with short-run dynamics among CO2 emission, technological progress and economic growth. It observes a specific kind of causality running from technological progress to reduction of CO2 emission in the United...

The world economy faces a serious challenge from the global environmental degradation and appropriate environmental policy should be adopted in time to save it. The effective environmental policy prescription depends on the actual position of the economy: at what stage of growth/development the...

Recently, the question of link or the relationship between the global climate change and the level of economic activity becomes the major issue and comes to the focal point of research. In this study, we try to find out the linkage between environment and economic growth. Let us consider a...

This paper proposes a theoretical model of green growth. The paper analyses the development mechanisms through which natural resource capital regenerates (or at least does not degrade), is preserved and contributes to economic growth. Climate change is a threat to human civilisation and...

Thanks to a level of growth in foreign investment, the gap is narrowing between Romania and other East European countries like the Czech Republic, Poland and Hungary, countries normally considered the preferred choice of foreign investors. In the last years, Romania has become a more appealing...

Education is an important pillar in the national economic development. It contributes to economic growth in varied forms. The educational system in Eritrea shows all the symptoms of prolonged neglect under colonialism and war. But education plays a key role in the development after independence....

In this study we employ the bounds testing procedure suggested by Pesaran (2001) and dynamic OLS (DOLS) proposed by Stock and Watson (1993) to test the robustness of the causal effect and long-run relationships between military expenditure and economic growth in ASEAN-5 countries from the year...

This book presents theoretical and empirical investigation of the possible impact of human capital on economic growth in transition economies of Ukraine, Russia, Poland, and Hungary during the period of 1990-2007. This research defines place and role of human capital in the process of transition...