Most studies that emphasize and encourage the shift towards a less regulated and financially open system rest on the premise of a prosperous growth prospect. Accordingly, interests have focused on growth models as a framework to understand and to analyze the effects of economic freedom. In this paper, we investigate the short-run characteristics of economic freedom. Using a stochastic general e...

The relationship between financial development and economic growth is the crucial issues which could grab economists and policy makers' attention to it. Financial market plays an essential role on each economy, because it conducts funds to those individuals or firms which have productive investment opportunities. If the financial system does not perform this role efficiently, the economic effic...

Human rights are rights inherent to all human beings, regardless of race, sex, nationality, ethnicity, language, religion, or any other status. Human rights include the right to life and liberty, freedom from slavery and torture, freedom of opinion and expression, the right to work and education, and many more. Everyone is entitled to these rights, without discrimination. The right to health is...

the millennium development goals (mdgs) are eight international development goals and 21 targets that all countries have agreed to achieve by the year 2015. central asian countries have shown uneven progress in achieving these goals. this paper conducts a comparative study of the impact of economic integration of the regional countries into the world economy on uneven progress of central asian ...

Education, Benefitting from Oil Revenues, and Sustainable Development A. Ansari, Ph.D. To assess the status of Iranian educational system within a special conceptual framework of economic development, a number of existing documents related to the expenditure of oil revenues on education were critically reviewed. The results show that within any economic framework in which sustainable deve...

Investment has been found to be a significant determinant of growth. This paper analyses the effects of institutions and transition progress on investment rates of transition economies since the collapse of the Socialist Bloc. Political institution is measured by the Freedom House’s Political Rights and Civil Liberties indexes; economic institution is proxied by the Index of Economic Freedom co...

This study attempts to empirically examine the impact of democracy on agricultural productivity by estimating a cross-country agricultural production function. In the regressions, we control the education, economic freedom, climate and geographic variables, in order to see if democracy can still explain a significant portion of the heterogeneity of agricultural productivities across countries. ...

Several celebrated scholars argue that diverse preferences and coordination failure due to ethnic and cultural diversity hamper the social cohesion necessary for good economic management, leading to development failure. Using several measures of diversity, we find that higher levels of ethno-linguistic and cultural fractionalization are conditioned positively on higher economic growth by an ind...