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One important aspect of the resulting indebtedness in full-fledged market economies is the mutual influence between different economic sectors. Therefore, alongside the government indebtedness, one mu...
Mortality Decline, Human Capital Investment, and Economic Growth     mortality  schooling  calibration       font style='font-size:12px;'> 2015/9/21
We examine the role of increased life expectancy in raising human capital investment during the process of economic growth. We develop a continuous time, overlapping generations model in which indivi...
There is a growing consensus that food security is vital to the general wellbeing of any economy, but a far less consensus on whether food security can spur economic growth in a country. Many economic...
The aim of the paper is to econometrically model the relationship between national fiscal expenditure on human capital (national education and training expenditure) and the efficiency of the human res...
After “opening up” in 1978, China followed a development strategy that has led to internal and external economic imbalances, especially since its labour market reform of the mid-1990s and the resultin...
BREAKING THE BARRIERS TO U.S. ECONOMIC GROWTH     U.S. ECONOMIC GROWTH  industrial policy       font style='font-size:12px;'> 2008/12/8
We all know what a popular buzzword “industrial policy” has become inWashington these days. The trouble seems to be that the term “industrial policy” means different things to different people. To ...
POPULATION GROWTH, ECONOMIC GROWTH, AND FOREIGN AID     POPULATION GROWTH  ECONOMIC GROWTH  FOREIGN AID       font style='font-size:12px;'> 2008/12/4
It is a great honor, as well as a great pleasure, forme to contribute to this Festschrift honoring Peter Bauer and his pathbreaking work on economic development. My acquaintance with Bauer’s point o...
TAXATION, ECONOMIC GROWTH, AND LIBERTY     TAXATION  ECONOMIC GROWTH  LIBERTY  less developed countries       font style='font-size:12px;'> 2008/12/4
The Third World, often called the less developed countries (LDCs), consists of over 100 nations in Africa, Asia, the Middle East, the Western Hemisphere, and the Mediterranean. Most ofthese countrie...
ECONOMIC GROWTH AND THE PROPERTY RIGHTS REGIME     ECONOMIC GROWTH  capital accumulation  PROPERTY RIGHTS REGIME       font style='font-size:12px;'> 2008/12/4
It is often nearerthe truth to say that capital is created in the process of economic development than that development is a function of capital accumulation. —P. T. Bauer
TIEBOUT, TAXES, AND ECONOMIC GROWTH     ECONOMIC GROWTH  TAXES  TIEBOUT  capita incomes       font style='font-size:12px;'> 2008/11/27
Over the past decade or so, professional economists have increasingly questioned the once prevailing conventional wisdom that state and local taxes are unimportant in determining variations in the ...
Any significant government intervention beyond the limits defined by the minimal or protective state will counter, indeed may block, the dissipation of rents (Buchanan 1980: 7). Rent-seeking activit...
ECONOMIC GROWTH AND POVERTY:IN SEARCH OF TRICKLE-DOWN     ECONOMIC GROWTH  ECONOMIC POVERTY  TRICKLE-DOWN       font style='font-size:12px;'> 2008/11/10
It seems obvious that economic growth should reduce poverty, yet the issue remains controversial. Some scholars assert that economic growthdoes not eliminate poverty and may exacerbate the problems ...
A copious body of theoretical literature has developed that maintains that rent-seeking activity (RSA) inhibits economic growth by diverting resources from productive uses (Buchanan 1980; Tollis...
INCREASING ECONOMIC GROWTH AND STABILITY IN EMERGING MARKETS     economic goals  EMERGING MARKETS  ECONOMIC GROWTH       font style='font-size:12px;'> 2008/11/10
Ownership, Growth, and Stability The Bush administration’s emerging market strategy is an interrelated part of our overall international economic agenda. The agenda focuses on two goals: increasing...
ECONOMIC GROWTH AND FREEDOM:A CAUSALITY STUDY     ECONOMIC GROWTH  FREEDOM  CAUSALITY STUDY       font style='font-size:12px;'> 2008/11/9
Each year the Fraser Institute and the Heritage Foundation (in conjunction with the Wall Street Journal) publish indexes of economic freedom, while the Freedom House publishes an index of politic...

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