Article history: Received 15 September 2015 Received in revised form 23 January 2016 Accepted 16 February 2016 Available online xxxx We study the relationship between intelligence (IQ) and happiness inequality, measured by the standard deviation of life satisfaction, in a cross section of 81 countries. We find that higher levels of IQ are significantly correlated with lower levels of happiness ...

The role of tourism in rural areas is pivotal for the integration and valorization of territorial resources and it is strengthened by the capacity to promote local community participation in processes of development. The paper addresses the issue by presenting and discussing a case study of a rural area of southern Italy where a territorial network for the development of local tourism has been ...

A new stylized fact in development economics is the importance of social capital in promoting economic growth. This paper examines the effect of social capital on industrialization in Indonesia. We analyze a rich set of social capital and social interaction measures, including voluntary associational activity and levels of trust and informal cooperation. The main finding is that initial social ...

This paper addresses two hot topics of the contemporary debate, social capital and economic growth. Our theoretical analysis sheds light on decisive but so far neglected issues: how does social capital accumulate over time? Which is the relationship between social capital, technical progress and economic growth in the long run? The analysis shows that the economy may be attracted by alternative...

In this paper, the study attempts to determine the optimal capital investment in setup cost reduction and optimal lot sizing policies for an economic order quantity (EOQ) model with random yields. The setup cost is treated as the function of capital expenditure in technology. The study shows that the expected total annual cost functions with capital investment is convex and develop a solution p...

This study tests international migration theory, especially cumulative causation theory, by looking into the causal mechanisms of international migration behavior among African immigrants in China by using the respondent-driven sampling method since African immigrants in China belong to a small hidden population. This method collected a representative sample (N = 648) from two locations in 2011...

among the various efforts coping with the causes and roots of differences in economic development in iran and south korea, none has focused on the role of social capital. meanwhile, in recent years, we have been facing the development of a theory about the linkage of social capital and economic development and a great attention has been paid to it by international economic organizations. in thi...

This paper investigates the asymmetric impact of energy consumption on economic growth by including oil prices, capital and labour as additional determinants in production function. In doing so, the non-linear ARDL bounds testing approach is applied for the period of 1985QI-2016QIV. The empirical evidence confirms the presence of symmetric and asymmetric cointegration between energy consumption...

Financial development has proved to be a perfect indicator and reliable proxy for economic growth. Capital Finance is one of the main vehicles of finance. Capital markets, as Thorsten Beck and Ross Levine showed empirically, can solely and independently lead to economic growth. The consensus about the importance of financial markets and, particularly, the role that capital markets play in moder...

The study is an empirical test of the effects of different categories of government expenditure, revenue and deficits on economic growth in developing countries. It is based on panel data of annual series over the last three decades for 103 countries, which are further classified into low-income, high-income, mineral exports dependent, and foreign aid dependent groups. Our findings suggest that...