The paper assesses the role of education as one of the contributors to economic growth and suggests how various institutions can come as key players to develop methodology equipped to sustain the growth process. The recent economic reforms have handed over the major social sectors such as health and education to the provincial units, thus the future of these sectors seems bleak. The analysis is...

By considering the demand and supply effects of defense investment and the uncertainty of the stochastic process of the production and defense investment, this study proposes a stochastic endogenous growth model to explore the impact of defense investment on economic growth. The results suggest that the relationship between defense investment and economic growth rate is nonlinear and obtains th...

Rural development means as overall development of rural areas social, economic, political and cultural so that the people are to lead a pleasant life. Agriculture plays the most important and decisive role in rural development. Infect, nobody can deny this fact that most of the population in India is still living in villages and their livelihood is depending on agriculture. Therefore, we rightl...

In this study, it analyzes the dynamics of employment in Indonesia before and during Covid-19 pandemic. The COVID-19 pandemic has an impact on all sectors, especially sector Indonesia. This study used variables open unemployment rate, opportunity, dependency ratio economic growth. dynamic analysis with vector error correction model (VECM) method research year 1987-2021. results explain that GDP...

This paper examines the impact of industrial policy on capital structure based on a partial adjustment model of capital structure that incorporates financial flexibility, macroeconomic conditions, economic development as well as firm-level factors. The issue is investigated in the context of Taiwan where industrial policy is widely considered to have played a strategic role in its economic succ...

Article history: Received 18 November 2011 Received in revised form 16 June 2012 Accepted 16 July 2012 Available online 21 July 2012 This paper analyzes the effect of health investment, and hence of health capital, on physical capital accumulation and long-run economic growth in an extended Ramsey model with an Arrow– Romer production function and a Grossman (1972) utility function. The paper c...

abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...