... development and growth can become mutually reinforcing.” Since slower human development has invariably been followed by slower economic growth, this growth pattern was labeled a “dead end.” Sustainable ... negative Thus such economicgrowth becomes difficult to sustain politically Second, economicgrowth itself inevitably depends on its natural and social/human conditions To be sustainable, it must ... resulting from economicgrowth turn out to be higher than economic benefits (additional incomes earned by the majority of the population), the overall result for people’s wellbeing becomes negative...
... Introduction The relationship between financial development and economicgrowth has received a great deal of attention throughout the modern history of economics Its roots can be traced in Lydia of Asia ... that can be adduced We begin with a brief summary of the main propositions of the financial liberalisation thesis before we turn our attention to its problematic nature It ought to be noted that ... of the financial liberalisation thesis in the form of preconditions, which should have to be satisfied before reforms would be contemplated and implemented The financial liberalization analysis...
... Export growth and Investment? ∑eini = ∑eiN + ∑ei(Ni-N) + ∑ei(ni-Ni) i i i Share | Mix i Competitive | Shift (i): industry n,e: regional growth in activity, level of activity N: national growth ... 1) If regions vary in productivity (supply shifts): wages and rents willbe negatively correlated across areas 2) If they vary because of amenities (demand shifts): then wages and rents are positively ... MIT Center for Real Estate Recent Examples of Demand and Supply induced growth Regional Differences in Labor and Wage Growth, 1960-1990 Employment Metropolitan Area* Population (% Change) Total...
... politicians willbe deterred from corruption This will reduce the total number of corrupt activities in a democracy More interesting, for our purposes, is that this reduction in corruption will not be ... unabated because the benefits continue to outweigh the minor political costs In sum, our expectation is that at any given level of corruption, the effect of that corruption on economicgrowthwillbe ... impact on an economy The Indirect Benefit of Democracy As a type of government, democracy is touted as having many benefits, both political and economic The economic benefits are not entirely clear,...
... 1996 Political Instability and Economic Growth, Journal of EconomicGrowth Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics Andreski, S 1968 ... Robust is The Relationship Between Economic Freedom and Economic Growth? Applied Economics, 33, 839-844 Tavares, J and Wacziarg R 2001 How Democracy affects Growth European Economic Review 45, 1341-78 ... and Growth Journal of Economic Growth, 1, 1-27 Barro, R J 2000 Inequality and Growth in a Panel of Countries Journal of EconomicGrowth 5, 5-32 Baum, M and D Lake 2003 The Political Economy of Growth: ...
... 1996 Political Instability and Economic Growth, Journal of EconomicGrowth Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics Andreski, S 1968 ... Robust is The Relationship Between Economic Freedom and Economic Growth? Applied Economics, 33, 839-844 Tavares, J and Wacziarg R 2001 How Democracy affects Growth European Economic Review 45, 1341-78 ... and Growth Journal of Economic Growth, 1, 1-27 Barro, R J 2000 Inequality and Growth in a Panel of Countries Journal of EconomicGrowth 5, 5-32 Baum, M and D Lake 2003 The Political Economy of Growth: ...
... Lục Văn Hai_Trung-Anh strongly, and many buildings and big houses are grown up a lot.Morever, the growth of economy has given a lot of advantages by making people richer, healther, and freer to...
... politicians willbe deterred from corruption This will reduce the total number of corrupt activities in a democracy More interesting, for our purposes, is that this reduction in corruption will not be ... unabated because the benefits continue to outweigh the minor political costs In sum, our expectation is that at any given level of corruption, the effect of that corruption on economicgrowthwillbe ... Indeed, a number of studies find no direct, statistically significant relationship between democracy and economic growth, although democracy appears to have important indirect influences on growth, ...
... is mobilized to be more productive, the Chinese economy as a whole will benefit, and regional economies willbe better situated to provide care to the elderly China's economicgrowth rate is expected ... particular, because the elderly are in general less economically productive than younger people, a preponderance of old-age individuals would seem to suggest that (a) economicgrowthwillbe slower ... and Economic Growth" , forthcoming in Spence, Michael, and Danny Leipziger (eds.), Global Challenges and Growth, Commission on Growth and Development status In 1978, when China's economic boom began,...
... further examines the association between social trust and economicgrowth To shed more light on how social trust might influence economic growth, the relationship between social trust and human ... as a proxy for economically relevant beliefs can be observed The latter is covered in the next section 1.2 Social trust and growth Already Putnam associates social capital with economic performance ... influence economicgrowth are examined, and finally the determinants of trust are further explored 3.1 Social trust and economicgrowth To give a first impression of the association between social...
... of testing before they may be sold to the public Many new pharmaceutical products must be tested for several years before they can be marketed – in some cases the testing period may be more than ... century because many thousands of design improvements were necessary before airplanes became sufficiently safe and reliable to become widely used by the general public I suspect, if any of us had been ... sometimes be extremely useful In this case the large size of the residual served as a kind of “wake-up call” to the economics profession because most economists for the previous 200 years had been...
... rates on economicgrowth The first of these is convergence Convergence A major issue that must be addressed before the predicted negative relationship between taxes and economicgrowth can be tested ... appear to be at a disadvantage in achieving higher rates of economicgrowth Theoretical Issues Economic theory provides an explanation for a negative relationship between taxes and economicgrowth ... regressivity had a positive impact on economicgrowth States that held the rate of growth in revenue below the rate of growth in income achieved higher rates of economicgrowth The analysis underscores...
... exists between inflation and growth, it is not likely to be a simple one The bivariate relationship may not be linear; and the correlation between inflation/disinflation and growth maybe quite ... correlated to growth In this paper, we will examine several different economic theories and empirical studies to assess the effect of inflation on economicgrowth Ultimately, we will test whether ... mainly affected by the growth rate in money, while having no real effect on growth If the growth in the money supply is higher than the economicgrowth rate, inflation will result 2.4 Neo-classical...
... Public Education and EconomicGrowth Section 1—Education and EconomicGrowth The relationship between economicgrowth and education has been one of the central threads of economic analysis Both ... be expected that the relationship between this specific form of learning (schools) and a specific form of growth (industrial) will also differ The question is in what ways This article only begins ... consumption and every-day life became predominant Why bother to this? Because it is the contention of this paper that putting the relationship between schooling and economicgrowth into this kind of...
... positive economic development are said to have benefited from a coordination of macroeconomic policies However, only a small part of the growth and employment success in these countries can be accounted ... potential output growth is high on the agenda for economic policy in the European Union In the economic literature there is, of course, a dispute on how this target of high growth may be achieved ... potential output cannot be observed directly It usually becomes apparent in the macroeconomic data only after a substantial period of time Here coordination between macroeconomic policies comes...
... spending, because these businesses and their employees purchase goods and services from other businesses EconomicGrowth Education has long been believed to be an important source of economicgrowth ... education will also boost U.S economicgrowthEconomicgrowth analysis has long attributed a key role to labor-force quality By that widely accepted conclusion, today’s preschool students will become ... cost-effective way to ensure a better educated workforce, boosting longterm economicgrowth Social Benefits and Cost-Effectiveness Summing the economic benefits of better educational, employment,...