iii Acknowledgements iv About the Authors v

The role of health in economic development is analyzed via two channels: the direct labor productivity e¤ect and the indirect incentive e¤ect. The labor productivity hypothesis asserts that individuals who are healthier have higher returns to labor input. This is well tested in the empirical literature with mixed conclusions. The incentive e¤ect is borne of the theoretical literature, and indiv...

Economic models of decision making are consequentialist in nature; they assume that decision makers choose between alternative courses of action by assessing the desirability and likelihood of their consequences, and integrating this information through some type of expectation-based calculus. Economists refer to the desirability of an outcome as its “utility,” and decision making is depicted a...

This paper explores the role migration has played in development studies, and in debates on economic growth and poverty. It argues that, despite a recent surge of interest in international migration and remittances, research on human mobility particularly for labour within poor countries does not have the place it deserves, and that it used to have in the classical development literature. Revie...

Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. The following definition describes the measurement and importance of TFP for growth, fluctuations and development as well as likely future directions of research. Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. As s...

In this paper, I formalize the idea of sustainable development in terms of intergenerational well-being. I then sketch an argument that has recently been put forward formally to demonstrate that intergenerational well-being increases over time if and only if a comprehensive measure of wealth per capita increases. The measure of wealth includes not only manufactured capital, knowledge and human ...

The Federal Democratic Republic of Ethiopia is a landlocked country in the Horn of Africa and is one of the most biologically and culturally diverse countries on the continent. With a population of about 92 million, Ethiopia is the second most populous country in Sub-Saharan Africa. Despite being one of the poorest countries, with a per capita income of US$454 (substantially lower than the regi...

This study confirms that the level of entrepreneurship in a given country has a significant positive effect on the level of economic growth in that country. Contrary to some established theories, this study has found evidence that the level of entrepreneurship in a given country is not explained by the levels of the traditional causes of economic growth in that country (specifically the amounts...

Figure 1 sets the stage for our discussion. The kink of the curve signifies the ”onset” of an important historical process, commonly called the industrial revolution. Around that kink a number of events took place. First of all, and probably most important (Eliasson 1991c) the production system of Sweden and the now industrialized mature economies was thoroughly deregulated by the rapid removal...