economic growth is the most important purpose of developing countries. each country can improve social welfare and access to international markets by increasing production potential. production can increase by two ways: the first one, using more inputs that raising production cost and the second one, improving efficiency that can produce more output with certain inputs or the same output with l...

The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, which distinguishes the durable goods sector from the rest of the economy, provides a far better picture of the long-run behavior of the U.S. economy. Real durable goods output has consistently grown faster than the rest of the economy. Because most investment s...

Primary objective of this paper is to explain why Korea has been successful in economic growth and industrial transformation while Iran has failed in this area. To explain the different performances of the two countries, we have looked at their initial level of industrialization, nature of political regimes and economic institutions, trade and industrial policies in the two countries. Our c...

today, economic and environmental performance are tightly closed to each other. the natural environment plays an important role in supporting economic activity; directly, by providing resources and raw materials such as water, timber and minerals that are required as inputs for the production of goods and services; and indirectly, through services provided by ecosystems including carbon seques...

the dependence of iran's economy to oil revenues and affecting the political and economic issues on income have caused the vulnerability of the economy. one way to meet these challenges is expanding such products, on the one hand improving the domestic economy and on the other hand increasing the exports. among the agricultural products, medicinal plants have a special role in the domestic...

The study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. GDP growth of ten percen...

Nowadays, the world economies are rapidly moving towards being more Knowledge-based Economy (KBE) and supporting the force of knowledge as a vital component of economic growth. This recent acceleration in the transition to Knowledge-based Economy in the world, has affected regional economic performance. In this paper, we surveyed the regional convergence in Knowledge-based Economy for selected ...