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Sustainability and the Measurement of Wealth
Arrow, Kenneth J. - 2010
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10012462059
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The Measurement of Wealth : Recessions, Sustainability and Inequality
Stiglitz, Joseph E. - 2015
This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic rents--in particular, land and exploitation rents--and...
Persistent link: https://www.econbiz.de/10012457340
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Controlling Stocks and Flows to Promote Quality : The Environment, With Applications to Physical and Human Capital
Keohane, Nathaniel O. - 2000
Our analysis melds two traditional approaches to promoting quality. The first is restoring the stock of quality. The second is curbing its flow of deterioration. Although both approaches are widely used in real world settings, analytic models have tended to focus on one strategy or the other. We...
Persistent link: https://www.econbiz.de/10012471023
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The Political Resource Curse
Brollo, Fernanda - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10012462947
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An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications
Hausmann, Ricardo - 2003
The existence of a natural resource curse has been a longstanding theme in the economic literature and in policy discussions. We propose an alternative mechanism and study its policy implications. The mechanism is based on the interaction between two building blocks: specialization in...
Persistent link: https://www.econbiz.de/10012469279
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Natural Resource Abundance and Economic Growth
Sachs, Jeffrey D. - 1995
One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 (the base year)...
Persistent link: https://www.econbiz.de/10012473469
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Job Creation, Job Destruction, and the Real Exchange Rate
Klein, Michael W. - 2000
This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S. manufacturing industries over the period 1973 to 1993. The...
Persistent link: https://www.econbiz.de/10012471310
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The Concentration of Job Destruction
Hall, Robert E. - 1999
concentration. Data on job destruction and employment change for U.S. manufacturing show unambiguous evidence of concentration …
Persistent link: https://www.econbiz.de/10012471775
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Trade Policy, Income, and Employment
Baldwin, Robert E. - 1984
Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and … and dealing with structural changes. This paper first examines the implications of traditional trade theory as well as the …
Persistent link: https://www.econbiz.de/10012477773
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Labor Force Participation : Timing and Persistence
Clark, Kim B. - 1982
, and that previous employment tends to raise the probability of subsequent employment …
Persistent link: https://www.econbiz.de/10012478128