Social and Behavioral Sciences Commons^™

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …

A Review Of Alternative Economic Base Study Methods For Community Economic Development, Jordan Yin

Jordan S. Yin

No abstract provided.

The Political Economy Of Special Economic Zones, Lotta Moberg

Lotta Moberg

Special economic zones (SEZs) are a wide-spread and increasingly popular tool for economic growth. Big or small, secluded or isolated, they are areas where a government allows for different rules to apply than the rest of the country. Most commonly, this means granting fiscal privileges to investors in the zones. Exemptions from taxes, tariffs, and sometimes regulations mean that SEZs form islands of economic liberalization in a country. A common attitude to zones is therefore that while broader liberalization is preferred, SEZs always benefit a country as long as they bring about this marginal improvement. The skeptical view of SEZs …

An Empirical Analysis Of Poverty Alleviation Through Livestock Development In Pakistan, Sharafat Ali, Imran Sharif Chaudhry

Sharafat Ali

No abstract provided.

Chinese Privatization: Between Plan And Market, Lan Cao

Lan Cao

No abstract provided.

Towards A New Sensibility For International Economic Development, Lan Cao

Lan Cao

No abstract provided.

Culture Change, Lan Cao

Lan Cao

No abstract provided.

Reflections On Market Reform In Post-War, Post-Embargo Vietnam, Lan Cao

Lan Cao

No abstract provided.

Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali

Sharafat Ali

Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded but …

Crime And Economic Growth In Developing Countries: Evidence From Pakistan, Arsalan Ahmad, Sharafat Ali, Najid Ahmad

Sharafat Ali

This study investigates the impact of crime on economic growth of Pakistan by using time series data from 1980 to 2011. Augmented Dickey Fuller (ADF) test is applied to check the stationary of variables. It is hypothesized that increase in crime leads to less economic growth in Pakistan. Autoregressive Distributive lag (ARDL) to cointegration is used to find short and long run relationship between crime and Economic growth. Results reveal that crime has negative and significant impact on economic growth in the long run, whereas in short run the effect of crime on economic growth is negative but insignificant. ECM …

The Wealth Of Nations Updated, Lester G. Telser

Lester G Telser

Proposition 1. If all workers are assigned to food production and none to knowledge production, then food output per capita will decrease over time. Proposition 2. A growing work force and constant ratio of workers in food and knowledge production can maintain constant per capita food output over time if there are increasing returns in the knowledge production sector. Corollary. A growing work force and constant ratio of workers in food and knowledge production can maintain constant per capita food provided knowledge per unit of food output rises over time.

Human Capital And Poverty In Pakistan: Evidence From The Punjab Province, Sharafat Ali, Najid Ahmad

Sharafat Ali

No abstract provided.

Toward A Knowledge Economy In Saudi Arabia, Giulio M. Gallarotti, Essam Elfalily, Osama Tayyeb

Giulio M Gallarotti

Nations that have sought to overcome the resource curse and other barriers to economic growth have for some time sought greater development through a number of strategies: from import substitution in the 1950s to current strategies based on microfinance and human-capabilities approaches. Needless to say, the international community is still searching for the elusive Holy Grail of the optimal development strategy. One strategy that is gaining greater attention and adherents is that of promoting a transition to a knowledge economy. This paper is about one such nation: Saudi Arabia. In analyzing the Kingdom’s quest for a knowledge economy, this article …

The Correlation Between Human Capital And Morality And Its Effect On Economic Performance: Theory And Evidence, David J. Balan, Stephen Knack

David J. Balan

In this paper we analyze the relationship between the correlation between morality and human capital (‘‘ability’’) on the one hand and aggregate economic performance on the other. Morality is defined as an aversion to consuming goods obtained through appropriative rather than productive activities. In our empirical analysis we adapt the well-known regression framework of Rodrik et al. (2004), using the World Values Survey as a source of proxies for morality. Using our preferred proxy, we find evidence that higher within-country correlation between morality and ability, holding constant the levels of morality and ability, increases per-capita income levels. Under our preferred …

Smart Stimulus Amid Deepening Debt: Future-Flow Tax Credit Programs, William Werkmeister

William Werkmeister

No abstract provided.

Determinants And Effects Of Research Partnerships In China’S Emerging Market, Wubiao Zhou

Wubiao Zhou

No abstract provided.

The University And Local Economic Development, John R. Mullin, Zeenat Kotval-K, Jonathan G. Cooper

Jonathan G. Cooper

This paper discusses one successful partnership between the University of Massachusetts at Amherst and the City of Springfield in Massachusetts. This collaboration was targeted to benefit the City by helping with their economic revitalization efforts, and the University by giving them a space in downtown Springfield for a ‘Design Center’, where students have a meeting space for studio and field work and can then exhibit their work. The paper ends with a set of principles that can guide other institutions and communities in developing strategic outreach and engagement activities.

Central Banks And Economic Development, Warren Coats, Gary Gegenheimer

Warren Coats

South Sudan is establishing a central bank to issue and regulate a new currency, and to supervise payment systems and financial firms. The provisions of the law that establish and regulate the new central bank are critically important for how well it contributes to the economic development and well being of the new country. This note explores for discussion the key issues covered in a central bank law relating to its objectives for its currency, its independence for pursuing those objectives, and the governance structure under which it operations to maximize its commitments to those objectives.

Regional Deregulation And Entrepreneurial Growth In China’S Transition Economy,, Wubiao Zhou

Wubiao Zhou

No abstract provided.

Bank Financing In China’S Private Sector: The Payoffs Of Political Capital, Wubiao Zhou

Wubiao Zhou

No abstract provided.

Delivery Of Legal Services To Immigrant Small Business Owners: The Problems And A Model To Solve Them, William A. Langer, Pablo A. Ormachea

William A Langer

Delivery of Legal Services to Immigrant Small Business Owners: The Problems and a Model to Solve Them. By Pablo Ormachea & William Langer

Immigrant entrepreneurs not only provide essential support for individual families, but also serve as key engines of economic growth for United States cities. While immigrant small-business owners continuously stimulate growth in various economic sectors, creating new jobs and helping to develop inner-city neighborhoods, they overcome considerable obstacles and barriers to reach these achievements. This article argues that a deeper understanding of such systemic barriers can help to reduce such barriers so that an increasingly larger number of …

Saga Of African Underdevelopment: A Viable Approach For Africa's Sustainable Development In The 21st Century, Tetteh A. Kofi, Asayehgn Desta

Asayehgn Desta

Human Capital Accumulation And Geography: Empirical Evidence From The European Union, Jesús López-Rodríguez, Andrés Faiña, José López Rodríguez

Jesús López-Rodríguez

This paper evaluates the role that geography plays in determining the spatial distribution of educational attainment levels among European Union regions, based on an extension of the standard two sector (agriculture and manufacturing) FUJITA et al. (1999) economic geography model

The Output Cost Of Gender Discrimination: A Model-Based Macroeconomic Estimate, Tiago Cavalcanti, José Tavares

José Tavares

Gender-based discrimination is a pervasive and costly phenomenon. To a greater or lesser extent, all economies present a gender wage gap, associated with lower female labor force participation rates and higher fertility. This paper presents a growth model where saving, fertility and labor market participation are endogenously determined, and there is wage discrimination. The model is calibrated to mimic the performance of the U.S. economy, including the gender wage gap and relative female labor force participation. We then compute the output cost of an increase in discrimination, to find that a 50 percent increase in the gender wage gap leads …

Social Development In The Tibet Autonomous Region: A Contemporary And Historical Analysis, Reza Hasmath, Jennifer Yj Hsu

Reza Hasmath

Imported Capital Dependency As An Economic Development Strategy: The Failure Of Distortionary Tax Policies In Puerto Rico, Joseph Pelzman

Joseph Pelzman

The use of tax holidays and other financial incentives designed to attract foreign investment is an old development strategy which like a magic pill has substantial negative side effects. There are many factors that influence the flow of investment across borders. An increase in the rate of return as exemplified by a deferral of taxes is but one factor among many including, but not limited to, the quality of host location infrastructure, the human capital of the participating labor force, the state of health care provision, the state of telecommunication coverage, etc., that enter a multinational’s decision tree and determine …

Environmentally Sustainable Economic Development, Asayehgn Desta

Asayehgn Desta

Book Review Of Local Economic Development: A Guide To Practice, John Mullin

John R. Mullin

In community after community the local planner is becoming increasingly involved in the economic problems facing our cities and towns, with at least partial responsibility for guiding the retention, enhancement, and expansion of the community's economic base. At times he or she takes the lead, serves on economic development committees, or merely provides the data for other organizations. In most cases, however, the planner is being asked for answers to questions that he or she is ill prepared to answer. How many planning directors or senior staff planners are formally trained in, for example, proforma analysis, marketing evaluation, job retraining, …