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eBook details

• Title: Sociopolitical Instability and Capital Accumulation in Developing Countries: Cross Country Pooled Data Evidence (Report)
• Author : Journal of Social Sciences
• Release Date : January 01, 2007
• Genre: Social Science,Books,Nonfiction,
• Pages : * pages
• Size : 204 KB

Description

INTRODUCTION All economists in the world have widely accepted that both physical and human capital accumulation are powerful determinants of economic growth. Technology is absorbed into production process via both physical and human capital accumulations. Technology progress which is principle deriving force of modern world is captured by improving physical and human capital accumulation in developing countries. Present studies in source of growth of developing nations are paying more attention on sociopolitical factors which determine both capital accumulations rather than paying attention to proximate determinants of economic growth. Low saving, inappropriate economic policies and lack of infrastructures in developing countries effect capital accumulation. All these primarily depend on sociopolitical environment of developing countries directly or indirectly. Does sociopolitical conflict which negatively affects the peace building capacity of developing countries have any relationship with their capital accumulation? This is important research question to be discussed in this paper. Sociopolitical conflicts in developing countries affect the long run sources of economic growth.

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