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welfare; 2) Growing GDP is pointless since most people don't benefit; 3) Raising GDP per capita is pointless as it doesn …Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British … government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of …
Persistent link: https://www.econbiz.de/10010702077
Persistent link: https://www.econbiz.de/10009619216
will make to the welfare of Canadians. Traditionally, productivity growth was thought to contribute to increased leisure … narrow social inequality. While accepting that such benefits have flowed in the past, Heath argues that in the last 25 years … growth does not lead to greater happiness. In attempting to solve this puzzle, he canvasses three currents of thought in the …
Persistent link: https://www.econbiz.de/10005650206
-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government …, inequality, and welfare depends on the type of fiscal policy adopted by government to fund it, notably the trade-off between … completely eliminating oil subsidies appears to be the best policy for reducing inequality while increasing growth and welfare …
Persistent link: https://www.econbiz.de/10014414077
new endogenous growth theory that suggests that increases in inequality can hurt growth. …
Persistent link: https://www.econbiz.de/10005650204
issues of social inequality and poverty. He argues that there has been no flagging in redistributive effort in Canada and he …
Persistent link: https://www.econbiz.de/10005518914
The economic success story of the 1990s has been Ireland, with GDP per capita nearly doubling over the decade. In this … acceleration in per capita GDP reflects an acceleration in employment rate growth, not in productivity growth. The main policy …
Persistent link: https://www.econbiz.de/10005518962
, with particular emphasis on his estimates of population, real GDP, and real GDP per capita for very long periods, going …
Persistent link: https://www.econbiz.de/10005518964
This paper makes use of the 2006 Gallup World Survey, which includes opinions on satisfaction with various aspects of life in 130 countries. Although a very solid relationship is found between satisfaction and income (both across and within countries), raising doubts regarding the well-known...
Persistent link: https://www.econbiz.de/10010278209
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income … long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be … distinguished according to whether they are found to generate an increase or a reduction in household disposable income inequality …
Persistent link: https://www.econbiz.de/10011098129