Economic freedom indicators have become quite popular recently as a useful tool to quantify the relationship between a country’s institutions and its prosperity. In a recent article, Hanson (2003) criticizes these types of studies for: (i) failing to adequately distinguish between different proxies for economic freedom, (ii) not considering the potential for endogeneity, and (iii) accepting sig...

Emerging technologies, such as big data, Internet of things, cloud computing, mobile Internet, and robotics, breed and expedite new applications and fields. In the mean while, the long-term prosperity and happiness of human race demands advanced technologies. In this paper, the aforementioned emerging technologies are applied to management and governance for the long-term prosperity and happine...

Abstract In 2013, UN-HABITAT provided the City Prosperity Index (CPI) to evaluate policies and guide urban decision-makers. Quality of life is one of the five dimensions of urban prosperity, which is one of the newest theories in the field of urban planning. The concept of urban quality of life has been invigorated in the wake of social welfare and social justice schools. In Iran, from the past...

In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that their flexibility may yield substantial stabilization benefits while avoiding the excesses of overzealous discretionary fine-tuning such as is thought to cha...

The global geography of poverty has changed over the last two decades. More than 70 percent of the world’s poor at US$1.25 a day now live not in low-income countries, but in middle-income countries (Kanbur and Sumner 2011). This raises a number of big questions. Is economic growth not sufficient to pull everybody out of poverty? Can middle-income countries or parts thereof suffer from poverty t...

Innovation and the adoption of new ideas is fundamental to economic progress, and so is free trade of goods and services. Herewe examine the underlying economics of the market for ideas and its implications for trade. From a positive perspective, we examine how such markets function and how international trade interact with them. From a normative perspective, we examine the pitfalls of current ...

The KMG growth dynamics in Chiarella and Flaschel (2000) assume that wages, prices and quantities adjust sluggishly to disequilibria in labor and goods markets. This paper modifies the KMG model by introducing Steindlian features of capital accumulation and income distribution. The resulting KMGS(teindl) model replaces the neoclassical mediumand long-run features of the original KMG model by a ...

After embracing globalization, some countries have achieved fast growing. Meanwhile, many multinational corporations (MNCs) have made significant profits and also contributed a lot to economic growth. However, opponents believe that the benefits haven’t been equally shared and view it “as a threat to prosperity, cultural integrity, and the environment” For developed countries that compete succe...

Agriculture is different from industry and plays a significant role in the economic development of a nation. India’s prosperity depends upon the agricultural prosperity. There are many kinds of agricultural products produced in India and the marketing of all these farm products generally tends to be a complex process. Agricultural marketing involves many operations and processes through which t...

Mancur Olson’s book, The Rise and Decline of Nations [45], used ideas from his earlier Logic of Collective Action [44] to argue that entrenched interest groups in a polity could induce economic sclerosis, or slow growth. These ideas seemed relevant to the perceived relative decline of the U.S. and Britain during the 1970’s. Five years later, Paul Kennedy’s The Rise and Fall of the Great Powers ...