This study investigates the impact of energy consumption and financial development on economic growth using neo-classical production function in the case of US. The ARDL (Autoregressive distributed lag) bounds testing approach with additional variables (energy consumption and financial development) is used to investigate cointegration during the period of 1967-2012 in US. The ARDL reveals a coi...

This paper focuses on the outcome of higher education translated into the creation of both physical and social capital. Optimally apportioned quality and quantity of each of the two broad forms of capital ensures sustainable development of a society. The institutions of higher learning, specifically in the modern world, are universally considered to be the service industries responsible for con...

Objective To assess the prevalence of disability and its association with social capital among community-dwelling elderly. Methods The study was based on 2nd Health Survey of Belo Horizonte Metropolitan Region - 2010, that included 1,995 community-dwelling elderly, randomly sampled. The exposure of interest was social capital, measured by confidence in neighborhood, perception of the physical...

Social capital creates local economic prosperity. This ® nding by Putnam (1993a), Fukuyama (1995), Coleman (1988, 1990) and other social scientists has lent legitimacy to what those involved in community economic development have known intuitively for years: the level of inter-personal trust, civic engagement and organisational capability in a community counts. Their research indicates that the...

The purpose of this paper is to investigate the notions of ‘social capital’ and ‘familial capital’, and apply those notions to the social and economic context of the clothing-textile industry of Bitonto. The key-point here is to consider that the applicability of those general notions cannot neglect the context of the analysis – as indeed context matters –, and even those cultural areas labeled...

We prove an existence theorem for a stationary perfect foresight equilibrium under borrowing constraints in a two-sector model with infinitely lived heterogeneous agents. The most patient agent holds all the capital in this solution. We also show that if the capital goods sector is capital intensive and capital income is increasing in the aggregate capital stock, then the aggregate capital stoc...

Reference emission scenarios in the literature have been the target of criticisms that suggest they convey too optimistic views on spontaneous energy-GDP decoupling of emerging countries economies. This article focuses on the case of India. It explores the role of current suboptimalities of the Indian power sector (structural under-investment in the sector leading to capacity shortage, power cu...