-existing development gaps in data economies on each country's production and international trade. Raw data as byproducts of consumption can …

of consumption/saving decisions, thereby enriching the determinants of aggregate demand and affecting the transmission of …

people as well as their standard of living. We decompose social welfare growth -- measured in consumption-equivalent (CE …) units -- into contributions from rising population and rising per capita consumption. Because of diminishing marginal … utility from consumption, population growth is scaled up by a value-of-life factor that exceeds one and empirically averages …

We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic … in a "growth boost", with higher steady-state household consumption than if it could not borrow. However, in a country … "growth trap" where household steady-state consumption is lower than if the government had no access to debt. We discuss the …