In this paper, based on Key Performance Indicator (KPI) and Key Activity Indicator (KAI) as the fundamental data for calculating defined factory performance function, evaluation system of factory performance is discussed by following four phases. 1) Designing framework for evaluation system of factory performance, 2) Constructing structure of KPI/KAI database, 3) Formulating evaluation of facto...

 In this paper, a version of the Vector Auto Regression (VAR) model has been used to investigate the interacted and dynamic effects between social capital and economic development in Iran during the period 1987-2006. To this purpose, variables of human capital, health and income distribution have been considered as the proxies of economic development. In addition, the volume of risky bank chequ...

Data envelopment analysis (DEA) is applied to 2568 graduates from UK universities in 1993 in order to assess teaching efficiency. Following a methodology developed by Thanassoulis & Portela (2002), each individual’s efficiency is decomposed into two components: one attributable to the university at which the student studied, and the other attributable to the student himself. From the former com...

We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. Country distributions are calibrated by combining PPP GDP per capita and income distribution from survey data. We apply the microeconomic concept of a social mobility function at the macroeconomic level to measur...

This paper investigates the growth experience of one country in detail in order to enhance our understanding of important factors that affect economic growth. Using a two-sector model, we identify the low productivity growth in the agricultural sector as the main reason for the divergence of income per capita between Turkey and its peer countries between 1968 and 2005. An extended model that in...

Stiglitz (Econometrica 37 (1969) 382) shows income convergence in a many-agent Solow growth model with integrated capital markets (ICM). The many-agent Ramsey model (MARM) without ICM also gives income convergence. With a MARM, equal discount rates, and ICM, convergence of incomes (as opposed to product per capita) cannot occur. These results depend upon fixed saving propensities (Stiglitz) or ...

A two-region model is proposed in this paper. Manufactured goods can be produced with cottage technology under constant returns to scale or with modern technology using differentiated intermediate goods, which are produced with increasing returns to scale technology. In the model, there may be multiple equilibria, and, in such cases, the initial conditions determine the equilibrium that the eco...