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The emergence and evolution of modern science since the 17th century has led to three major breakthroughs in the human condition. The first, the Industrial Revolution, started in the late 18th century and is based chiefly on developments associated with the rise of the natural sciences. The...
Persistent link: https://www.econbiz.de/10012026088
, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
Persistent link: https://www.econbiz.de/10003831857
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately - 17 developed, 9 developing, and 11 transition - and also for the 37 countries taken together. Time series...
Persistent link: https://www.econbiz.de/10003824943
, the sequence of improvements in various aspects of QoL is not always the same from one part of the world to another. And …
Persistent link: https://www.econbiz.de/10003585354
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10003586563
Persistent link: https://www.econbiz.de/10003987388
and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …
Persistent link: https://www.econbiz.de/10009730828
Long term trends in happiness and income are not related; short term fluctuations in happiness and income are positively associated. Evidence for this is found in time series data for developed countries, transition countries, and less developed countries, whether analyzed separately or pooled....
Persistent link: https://www.econbiz.de/10009699443
If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full … only in higher income nations but also in countries that account for most of the population of the less-developed world …. These conclusions are suggested by an analysis of a wide range of evidence on happiness in countries throughout the world …
Persistent link: https://www.econbiz.de/10009717888
Persistent link: https://www.econbiz.de/10003829914