one of the most important macro-economic objectives of the countries is to create the necessary conditions for promoting economic growth. among them, we can point to political stability and economic freedom. political instability leads to wasting physical and human resources and social capital, which will be considered as an economic rollback. also, the rate of economic growth is associated wit...

Policy reform can remove obstacles to intergenerational social mobility and thereby promote equality of opportunities across individuals. Such reform will also enhance economic growth by allocating human resources to their best use. This chapter assesses recent crosscountry patterns in intergenerational social mobility and examines the role that public policies play in affecting mobility. Inter...

the main challenge of developing countries, is achieving growth and development. review of economic growth literature shows that the quality of institutions and social infrastructure are important factors that influence the economic growth and development. also many analysts believe that between institutional factors, the rule of law is one of the most elements for appropriate system for invest...

While policy makers widely recognise the fact that education serves as an engine for economic growth through the accumulation of human capital, education is also strongly associated with boosting levels of social capital. Indeed, an important justification for the large expenditures on education within many democratic nations is its social, and not just economic, impact – the benefits an educat...

A key prediction of standard models of economic growth is that the output-capital ratio is constant along the economy’s balanced growth path. Using data for 16 OECD countries over 135 years we examine whether the output-capital ratio reverts to a constant in the long run using univariate and panel stationarity tests with structural breaks. Univariate unit root tests with one and two breaks in t...

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...

D evelopment of social and economic infrastructure in every region is of the basic requirements of economic growth. Infrastructure stimulates economic activity, enhance the productivity of private sector’s inputs, improve economic performance and thus sustainable economic development, enhancing the social welfare and better income distribution. Since the different kind of infrastruct...

This paper investigates the relationship between fluctuations in economic growth, unemployment, and voting along a left–right axis. I estimate a model that explains how political fluctuations are caused by economic fluctuations in the OECD countries. I find that higher economic growth causes a shift to the left of policy sentiments. I hold the provision of social insurance by the welfare state ...

The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its important role in reducing YouthUnemployment. Despite the negative side-effect of Governmental R&D Employment on economic growth, University R&...