This article challenges a prevailing view that diminished electoral prospect of the incumbent UPA government is the result of neglecting growth to launch populist welfare schemes. We look at a wide range of economic indicators to show that compared to the NDA regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital inflows,...

The consensus of the aid effectiveness literature is that foreign aid is effective at spurring economic growth in recipient countries. However, economic growth is heterogeneous in nature, driven by a number of different activities within an economy. This paper contributes to the literature by disaggregating the Gross Domestic Product of recipients in order to investigate the type of economic gr...

This paper takes an institutional approach to explaining differences in the levels of entrepreneurship and economic growth across U.S. states. The institutional approach to growth argues that political and economic institutions influence the productivity of resource use. We hypothesize that institutions influence economic growth primarily through their effect on entrepreneurship and discovery. ...

Two key measures of U.S. economic growth—the annual rate of change in real output and in productivity—have improved considerably in recent years.1 Between 1996 and 1998, growth in productivity in the largest segment of the economy, the private nonfarm business sector, averaged nearly 2 percent. This growth rate, the strongest sustained pace since 1983-85, appears to signal some fundamental impr...

The lifecycle theory of saving and consumption predicts that changes in an economy’s rate of economic growth will affect its aggregate saving rate by changing the lifetime resources of younger people relative to older people. However, studies that track the saving behavior of cohorts of household heads over time as they age have yielded estimates of age-saving profiles that are too flat for gro...

There are little subjects in macroeconomics that are so widely discussed, but at the same time controversial and without a clear solution such as the choice of exchange rate regime. National authorities need to take into consideration numerous fundamentals, trying to fulfil goals of economic growth, low and stable inflation and international stability. This paper focuses on the countries of exY...

Studies of urbanization effects in Chinese cities from the aspect of the coupled development of economy and environment are rare due to data limitations. This paper studied Shanghai’s fast urban expansion and examined the dynamic relationship between economic growth and environment consequences at the district level. We extracted data on urban built-up area and land surface temperature from rem...

Thanks to continued economic growth and increasing income, the overall poverty rate has been on the decline in China. However, due to escalating medical costs and lack of insurance coverage, medical spending often causes financial hardship for many rural families. Using data from the 1998 China National Health Services Survey, the impact of medical expenditure on the poverty headcount for diffe...

Economic development in Uttarakhand, a state in India has accelerated in the last decade however; the progress is largely confined to the plains. The study attempts to analyze district level economic disparities in Uttarakhand. The six key economic development variables namely, per capita income, infrastructure, health, education, industrial employment and tourism have been examined and modeled...