Inrecent years political scientists and economists have spent considerable efforts investigating the impact of income inequality both on political institutions and social conflict (Boix 2003, 2008; Acemoglu and Robinson 2006; Geddes 2007) and on growth and development (Atkinson andBourguignon 2000). In this article I focus on the latter question: I discuss the extent to which (that is, the cond...

The issue Poverty and underdevelopment are closely correlated with lack of functional infrastructure and underemployment (ILO, 2010; OECD, 2005; World Bank, 1994). Infrastructure, including social and economic infrastructure, helps to build the conditions for economic growth and poverty reduction. In addition, the use of Labour Based Approaches (LBAs) to build and maintain infrastructures is cu...

This paper explores the role of imports as a mechanism of transmission of international technological spillovers and the significance of these for the growth and economic convergence of the OECD countries. For this purpose a growth model is estimated that includes amongst its determinants a measure of the stock of technological knowledge. The results reveal first that international technologica...

This paper examines the short and long run dynamic relationships exhibited between economic growth and growth in the insurance industry for nine OECD countries. This is achieved by conducting a cointegration analysis on an unique set of yearly data for the level of real GDP and total real premiums issued in each country from 1961 to 1996. Causality tests are then also conducted whilst accountin...

A large and growing literature has demonstrated in recent years how deep and efficient financial markets help to foster economic growth, by promoting investment and productivity growth (e.g., Rajan and Zingales, 1998). Through their role in selecting and monitoring projects, diversifying risks, and allowing investment and production to be carried out in the most productive scale and time frame,...

The links between public administration modernisation, efficiency of public spending, governance and growth are examined for a sample of 38 developed countries (the OECD plus EU countries). Efficiency and governance are shown to be correlated. Also, different measures of governance are significantly correlated to labour productivity. Results suggest that some governance features are more import...

Pursuant to Article 1 of the Convention signed in Paris on 14 th December 1960, and which came into force on 30 th September 1961, the Organisation for Economic Cooperation and Development (OECD) shall promote policies designed: to achieve the highest sustainable economic growth and employment and a rising standard of living in member countries, while maintaining financial stability, and thus t...

Huang [ Journal of Statistics and Management Systems, Vol. 6 (2003), No. 2, pp. 171-180 ] studied the EOQ (Economic Order Quantity) and EPQ (Economic Production Quantity) models with backlogging and defective items using the algebraic approach. He assumed 100% inspection policy and the known proportion of defective items was removed prior to storage or use after the screening process. In this p...

Pension fund assets have increased markedly during recent decades, and there are signs that this trend will continue, particularly given demographic changes and the current pattern of pension reform towards funded systems. However, research on the extent to which growth in pension assets contributes directly to economic growth is quite scarce. This is surprising since superiority of funding to ...

The relationship between unemployment and entrepreneurship has been shrouded with ambiguity. On the one hand, one strand in the literature has found that unemployment stimulates entrepreneurial activity, which has been termed as a “refugee effect”. On the other hand, a very different strand in the literature has identified that higher levels of entrepreneurship reduce unemployment, or what has ...