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As an aid to interpreting the results of height-by-age studies this paper investigates the relationship between average height and per capita income. The relationships among income, nutrition, medical care, and height at the individual level suggest that average height is nonlinearly related to...
Persistent link: https://www.econbiz.de/10012478231
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...
Persistent link: https://www.econbiz.de/10012480557
higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …
Persistent link: https://www.econbiz.de/10012462215
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10012462288
A major role for per-capita income in international trade, as opposed to simply country size, was persuasively advanced by Linder (1961). Yet this crucial element of Linder's story was abandon by most later trade economists in favor of the analytically-tractable but counter-empirical assumption...
Persistent link: https://www.econbiz.de/10012462748
capita GDP growth. Then, restricting attention to OECD countries, we find supportive evidence that only the reduction in …
Persistent link: https://www.econbiz.de/10012462837
.S. government. We use our estimates to account for contributions to the evolution of the debt to GDP ratio made by inflation, growth …
Persistent link: https://www.econbiz.de/10012462950
Any economic analysis of climate change policy requires some model that describes the impact of warming on future GDP … and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but … there are theoretical and empirical reasons to expect temperature to affect the growth rate rather than level of GDP. Does …
Persistent link: https://www.econbiz.de/10012462960
Not all of that extra output will remain in the United States. If the trade deficit is reduced by three percent of GDP …This paper examines the likely growth of U.S. GDP in the decade beginning in 2010. I analyze the two components of the … rise in GDP over this ten year period: (1) the recovery from the substantially depressed level of economic activity at the …
Persistent link: https://www.econbiz.de/10012462967
Incomes per capita have grown dramatically over the past two centuries, but the increase has been unevenly spread across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and for assessing the prospects for further increases in...
Persistent link: https://www.econbiz.de/10012463309