While the population is growing quickly and education improving, work prospects remain limited due to economic underdevelopment, perpetuating problem of youth educated unemployment. Most states in Northeast have worse unemployment than rest country. Northeastern states, as well country, saw a higher rate urban regions rural ones, among women men. Educated common both areas, but it disproportion...

Abstract This study develops a new dynamic general equilibrium model to explore the role of people’s love novelty as cultural preference in innovation and innovation-based growth. The considers (a) an infinitely lived representative consumer who has standard love-of-variety preferences for differentiated products additional love-of-novelty (b) technological progress driven by two costly time-co...

After the fall of the Berlin Wall a common political and economic consensus emerged, not only in the West but to a considerable extent around the world. Markets and democracy, working hand in hand, would transform the world into a community of modernized, peace-loving nations. In the process, ethnic hatred, extremist fundamentalism, and other “backward” aspects of underdevelopment would be swep...