Contacts and the way they are organized in different economic systems matter for the economy. In this paper we introduce the notion of Relational Capital to model contacts. Contacts are an input into sold output in our macro model based on matching theory (Pissarides, 1990). We argue that the destruction of some contacts in search for better ones is an integral part of technological advancement...

1. Defining Development 2. The Solow–Swan Model 2.1. The Assumptions 2.2. Steady States 2.3. Transitional Dynamics 2.4. Produced and Non-Produced Factors 2.5. Discussion 3. Pioneers and Latecomers in Historical Perspective 3.1 “Latecomers”: The Advantages of Backwardness 3.2. The Spread of Growth to the Third World 4. Growth and its Sources since 1950 4.1 The Statistical Record 4.2. The Sources...

This study aims to find out the shape of backwardness inland Villages in Luyo Sub-district Polewali Mandar District and GoVernment Participation existing development Kecamatan Regency. type research is qualitative. Research Sites District. Determination or retrieval informant/respondent this by purposive sampling, as many 7 people with a background goVernment apparatus society. Data collection ...

Investigating the Reasons for Difference in Total Factor Productivity Between East and West Asia with Emphasis on Institutions, Human Capital Relative Backwardness

Higher, especially university level, education has a distinctly important role in the education system and in the knowledge acquisition system in general. However, the deteriorating state of higher education in Arab countries, particularly in quality, has become one of the hallmarks of underdevelopment by contemporary criteria. If such deterioration were to continue, it is feared that higher ed...

Among wealthy nations belonging to the Organization for Economic Cooperation and Development (OECD), as of 2013, the United States continues to stand out as the one with the lowest rate of health care coverage for its population. 1 In this respect, it remains an exception, and in many quarters this characteristic has earned the United States a reputation for backwardness in the realm of social ...