Using an evolutionary perspective that places the present phase of human development in a historical context, the paper examines the state and nature of human development and identifies factors that determine its enhancement for the 21st Century. For many millennia, the evolution of Homo sapiens...

Recently, there has been an upsurge of empirical studies that test the convergence prediction of the neoclassical growth theory at the country, regional, state or provincial levels. These studies examine whether poorer economies will eventually catch up with richer ones in terms of both income...

The main challenge tackled by this study is to estimate a structural equation for children's employment as a function of parental and own wages, which are assumed to be simultaneously determined with the child?s employment status. The results indicate that employment of children is responsive to...

In this study, we examine factors associated with equity valuation in a newly emerging market, Turkey. In the United States and other developed countries, research indicates that both earnings and book value are important predictors of equity valuation. In Turkey, earnings appear to have...

In this paper, the determinants of school participation and child labor in Egypt of 6 - 14 year old children are studied at the household level, using micro data from the October 1988 LFSS. Three main logit regression analyses were conducted: the likelihood of a child being enrolled in school,...

1995 Turkish parliamentary election was held almost under the conditions of a controlled experiment. The unique cross-section data pertaining to this election and the economic and political conditions surrounding it were utilized to study the relationship between the government=s economic...

The rapid pace of urbanization in developing countries, and especially the growth of very large cities, is a source of considerable concern for policy makers and is increasingly becoming a topic for economic analysis. Most studies of migration are concerned with rural-urban flows. However, in...

The structural adjustment policy in Egypt has caused a dramatic decline in demand for many goods produced in the handicraft sector. A long-term study between 1986 and 1998, of 2,415 workshops in six quarters of Cairo determined that the majority of the small enterprises were able to secure their...

The purpose of this paper is to study the effects of tax reforms on unemployment and wages. Since the characterization of labor market is always a problematic issue, the impact of various revenue-neutral tax reforms on unemployment, wages, prices, and consumption in Tunisia are calibrated using...

In an effort to achieve and maintain national self-sufficiency in basic agriculture products a variety of programs were adopted by the post-revolution government in Iran in the 1990s. A single rate system of foreign exchange was substituted for the multi rate one for several years. With the aim...