Much has been written about how the Labor Department's unemployment rate understates the real level of joblessness. It does not include discouraged workers or those in part-time jobs who would prefer to have full-time work, and it also does not account for the changes in the age and gender of...

Many papers have analyzed the factors affecting economic growth. However, these have concentrated on direct effects and ignored indirect effects through other variables in the model. This study investigates direct and indirect effects of various factors on growth with a causal growth model using...

Understanding the factors determining economic growth has been a major concern for economists and governing bodies for many years. The Solow growth model and the endogenous growth models are the main theories tested and used in the growth literature. This paper discusses the main contributions...