The paper examines the causal nexus between financial development, economic growth and poverty reduction in India during 1951-2008. The empirical analysis is based on cointegration and causality test. The cointegration test finds the presence of long run equilibrium relationship between financial development, economic growth and poverty reduction. The Granger causality test at the end confirms ...

The economic ramifications of the creation of a knowledge-based economy (KBE) are that it would increase the competitiveness of a country and at the same time increase its stock of knowledge for future economic innovations. Economists have now shifted their focus to the creation and diffusion of knowledge to explain the varying levels of this economic growth and development. In the last couple ...

In this, the first comprehensive one-volume survey of the economies of classical antiquity, twenty-eight chapters summarize the current state of scholarship in their specialized fields and sketch new directions for research. The approach taken is both thematic, with chapters on the underlying determinants of economic performance, and chronological, with coverage of the whole of the Greek and Ro...

"This paper, in a comparative analysis of the Philippines and Indonesia, examines first under what conditions can migration favorably contribute to the process of economic development and then to what extent can economic growth impact upon reducing emigration pressures in these labor surplus economies. The paper also argues that there is still considerable scope for putting in place [an] agreed...

The term sustainable development has been misunderstood and misinterpreted, often parodied, and even derided. Today we face the consequences of our wilful dismissal. Climate change is upon us. Had we taken sustainable development more seriously, we might have done far more to create a healthy society and environment. But unbridled economic development, predicated on unfettered use of resources,...

This paper provides an overview of the venture capital industry, and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines...

The electric power industry is currently undergoing an unprecedented reform. One of the most exciting and potentially profitable recent developments is increasing usage of artificial intelligence techniques. The intention of this paper is to give an overview of using neural network (NN) techniques in power systems. According to the growth rate of NNs application in some power system subjects, t...

Municipal infrastructure is a fundamental facility for the normal operation and development of an urban city and is of significance for the stable progress of sustainable urbanization around the world, especially in developing countries. Based on the municipal infrastructure data of the prefecture-level cities in China, municipal infrastructure development is assessed comprehensively using a FA...