This Element investigates how the Ghanaian household wealth index is impacted by travel time reduction, which is a direct effect of infrastructural investments from 2000 to 2016. The wealth index is constructed based on the possession of selected assets and reflects the well-being of residents in Ghana. The Element employs two datasets, the Demographic and Health Survey (DHS) and the DHS Covariates. The two-stage least square estimation is implemented to establish the causal relationship. The Element finds that a ten percent reduction in travel time from 2000 to 2015 would result in a 1.2 percent increase in the wealth index from 2003 to 2016. This finding is robust to various settings, including the addition of more control variables, the use of different instrumental variables, and the study of both short-term and long-term effects. The analysis lends support to the Ghanaian government's current economic and infrastructure development plans.

Praise for The Road to Prosperity "With clarity, verve, and polish, Pat Toomey brilliantly propounds the principles and practical policies needed to make America—and the world—prosperous again. Ronald Reagan, Adam Smith, and Milton Friedman would vigorously applaud what Pat has put forth here." —STEVE FORBES "While many talking heads are tripping over each other to write the political obituary for conservatives, Pat Toomey illustrates how the limited government movement has the best policy answers for the challenges of the twenty-first century. This is a must-read book for any serious student of the limited government movement." —DICK ARMEY, author of the Contract with America, former House Majority Leader, 1995–2003, and Chairman of FreedomWorks "Like Ronald Reagan, Pat Toomey has found a way to breathe common sense and economic truth into public policy. Rather than allowing his political views to color his economics, Pat Toomey looks for truth first and only then does he take a political stance." —Brian Wesbury, Chief Economist, First Trust Portfolios LP "Anyone who cares about the future of our economy and our country should read Pat Toomey's The Road to Prosperity. If we as Americans want to return to a pro-growth and prosperous future, we will need to embrace the free-market, freedom-driven policies laid out in this book." —CHRIS CHOCOLA, President, The Club for Growth

Over the last 30 years, the US has been riding on an economic roller-coaster involving multiple bubbles, a financial crisis, and a struggling middle class. To escape this turmoil and another depression, the U.S. will have to view its economy through the profit frame and adopt better policies that promote sustainable profits and growth. Investors and policy-makers who understand the most important question in economics can avoid the turmoil and make better, more informed decisions about economic and financial risk. "Where do Profits Come From?" gathers the most important pieces of the global economic puzzle, properly assembles them, and examines the cascading series of events under the current global rules that promote instability, inadequate business investment, ultra-low interest rates, quantitative easing, rising income inequality, and ultimately future austerity. Fortunately, the road to economic prosperity offers a solution to the turmoil that is consistent with game theory. By enforcing balanced trade without punishing trade and better managing the sources of profits, policymakers can restore business investment and insure sustainable growth without the need for future bubbles or the risk of another depression.

Bestselling author John R. Talbott, who predicted the housing and mortgage crisis, pictures in Obamanomics--written well in advance of the historic 2008 elections--a Barack Obama presidency based on justice and cooperation—principles that have not held sway in Washington, DC, for quite some time. Talbott's powerful grasp of finance allows him to connect the issue of financial inequality in America with our need as a people to embrace change. Obama has shown he knows that divisions among races, religions, and political views have prevented Americans from coming together to solve the most important problems of our age. Obamanomics, infused with Obama's speeches, campaign policy statements, and other writings, describes a government acting according to democratic principles to enact lobbying reform, get our economy moving again, fix our healthcare system, slow global warming, prevent unnecessary wars, improve education, address the aging of our population, find alternative energy sources, and bring about housing, mortgage, and banking reform.

The chapters in this book explore reasons for the decline of "Rust Belt" cities and the often innovative responses of local leaders and entrepreneurs that are helping to revive these areas.

This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century.