Search results

This paper employs cross-country growth regressions for a sample of developing countries to examine the determinants of FDI. In addition to economic factors affecting foreign direct investment, the analysis also tests for the role of institutional quality (enforcement of property rights, corruption, etc.) and policy orientation factors (openness). The paper evaluates whether foreign investment responds to changes in levels of economic freedom. In addition it tests whether the insignificant coefficient found in previous studies is the result of the level of aggregation in the economic freedom data. Finally, it disaggregates the data on economic freedom and re-estimates the relationship between FDI and components of economic freedom. Foreign direct investment is found to vary positively with increases in certain components of economic freedom.

Growth records have been employed to argue that authoritarian forms of government are more efficient at achieving economic growth, welfare, and equity than democracies. This assessment is based on imperfect data; IBRD data on rates of growth of GNP in India and China fail to agree with IBRD data on their achievements in terms of per capita GNP. This article considers the nature of this anomaly and its implications for current assessments of the different relative efficiencies. (DSE/DÜI)

The argument that authoritarian forms of government are more efficient at achieving economic growth, welfare, & equity than democracies is examined, using World Bank data on India & the People's Republic of China, 1950-1988. Focus is on the contradiction between the high rates of growth experienced by China & the equality of its per capita gross national product with that of the supposedly slower growing India. In attempting to resolve this discrepancy, data on standards of living & degree of structural change are also analyzed. Overall, the findings fail to suggest that both countries performed poorly. There is no evidence supporting equality of per capita incomes, while an abundance of evidence confirms the higher growth rates reported for China. The overriding conclusion, however, is that the data are flawed, & it is premature to employ them for assessing the efficiency of authoritarian governments at achieving growth, equity, & welfare. 10 Tables, 1 Appendix, 33 References. Adapted from the source document.

Abstract
Much has been written about the philosophy of social control, particularly as it developed from the end of the nineteenth century to the early 1920s. Yet little if any appreciation has been given to the work of James MacKaye and Helen Sumner in promoting the program of political engineering and their efforts at establishing to this end an Institute of Political Engineering. This essay will examine the philosophy of James MacKaye and the creation of the institute that was to fulfill his mission, and it will highlight the important contribution of Helen Sumner in its creation.

The Wisconsin school of labor history and labor economics rose and fell within a particular historical context. While Richard T. Ely studied labor union movements in pursuit of furthering social progress, others, such as John R. Commons and Selig Perlman, desired to understand the social constitution of these movements. Perlman played a pivotal role by developing a theory of the labor movement. This theory, while having had a significant impact on the development of labor history, had relatively less impact on the development of labor economics.