based on existing literature social capital is defined as a set of norms and rules and informal networks that provide association, trust and collective action to obtain the public good. the empowerment projects of world bank that has been implemented in many third world countries in the late 1980s followed by a non-reductionist non- physical approach integration of cultural and socio- economic ...

ing as it does from population growth and technical progress, the model does not generate perpetual growth. It does, however, illustrate the role of organizational change in exploiting the gains to labor specialization and, thereby, overcoming diminishing returns to capital. The focus on organization, in turn, highlights the role of transaction costs as a determinant of long run economic perfor...

This paper studies optimal Ramsey taxation when risk sharing in private insurance markets is imperfect due to limited enforcement. In a limited commitment economy, there are externalities associated with capital and labor because individuals do not take into account that their labor and saving decisions affect aggregate labor and capital supply and wages, and thus the value of autarky. Therefor...

This research analyzes manufacturing growth and decline across metropolitan and nonmetropolitan regions during the 1972–2002 period. We decompose real value added growth across local labor market areas in the lower 48 U.S. states into contributions from labor, capital, and total factor productivity. We then estimate a model describing the long-run growth of labor, capital, and productivity and ...

This study examines the role of human capital formation in economic growth in Pakistan by using the secondary data for the period of 197273 to 2010-11. The results implied that education enrollment (proxy for human capital), health and physical capital are important to boost the economic growth in Pakistan. Human capital, fixed capital and employed labor force affect the GDP and result in unidi...

he links among trade, technological changes, and worker earnings have been the subject of intense research during the past few decades. The current literature on this subject shows that trade liberalization and technological changes are the main drivers of demand for skilled workers and a rise in the wage premium. In the present article, a panel of 134 Iranian manufacturing industries over the ...

This study compared theoretical perspectives on the psychological and paid labor activity implications of mandating mothers initially on US welfare to participate in labor force activities. Data were collected that reflected these areas: government public policy interventions, family social ecology measures, mother s psychological and human capital, and community capital. A quasi-experimental d...