In a simultaneous model of human and physical capital accumulation for 17 Latin American countries from 1975 to 2004, we show that overall resource dependence is not significantly related to physical and human capital. Disaggregating the natural resource variable into subcategories, we find that petroleum export dependence is associated with higher physical capital and lower human capital, whil...

Basic to neoclassical economics is the sanctity of individual choice, the fungibility of economic goods and inputs, and faith in the market system to bring forth substitutes as reiative prices change. These notions are part of what Joseph Schumpeter called the "pre-analytic vision" of neociassicai economics (Daly t995) and they are central to the concept of weak sustainability, a topic of inten...

A nation can use its current output to provide for the future in numerous ways: it can undertake private capital investment, add to the stock of public capital, enhance income-producing assets abroad, invest in human capital through education and health programs, conserve natural resources and the environment, and invest in science and technology. During the 1980s none of these approaches were ...

capital There are two meanings in economics. One is the monetary value of assets owned by an individual firm, etc. or the amount that is available to invest. The second meaning, used herein, refers to a human-made input into the production process, including things such as buildings and machinery, and infrastructure (telecommunications systems and the like). Capital in these forms is also descr...

The effect of social capital is often overestimated because contacts and centrality can be a consequence of success rather than its cause. Only rare randomized or natural experiments can assess the real causal effect of social capital. This paper relies on data from one such experiment: faculty recruitment at the

This paper examines how transnational gold mining operations are transforming rural household livelihoods in the Cajamarca region of Peru. In particular, this paper evaluates how Newmont Mining Corporation’s Minera Yanacocha (MYSA) mining operations are altering access to the produced, human, natural and social capital resources that households utilize to produce their livelihoods. The paper ar...

The present study was carried out to know the rural livelihood sustainability of suicideprone farmers families of Vidarbha. Total 60 families of suicide victim farmers were selected randomly from 46 villages for this study it covers total 9 Tahsils of 6 distress districts of Vidarbha. The study revealed that the rural livelihood sustainability of majority (83.33%) of the families was found to b...

Pursuit of multiple avenues can speed incorporating the value of natural capital and ecosystem services into operations of individuals and institutions, such as businesses, government, development banks, nongovernmental institutions, and households. As Phelps et al. (1) rightly point out, the PNAS Special Feature (2) and much of the existing literature have not focused extensively on incorporat...