We use development accounting techniques to assess the contribution of health to differences in income per capita among countries. Rather than rely on regressions in aggregate data, we build up estimates of the effect of health starting from microeconomic data. We examine both a particular...

Population aging is primarily the result of past declines in fertility, which produced a decadeslong period in which the ratio of dependents to working age adults was reduced. Rising old-age dependency in many countries represents the inevitable passing of this “demographic dividend.”...

We compare the relationship between net capital inflows, real exchange rate movements and growth for twenty emerging markets and thirteen developed countries over the period 1985-2004. In developed countries low real exchange rates are associated with faster growth, but in emerging markets...

Der Beitrag behandelt die Entstehungsgeschichte des Begriffes Sozialprodukt in der ersten Hälfte des Zwanzigsten Jahrhunderts. Es wird die besondere Konstellation herausgearbeitet, welche im deutschsprachigen Raum dazu geführt hat, das Wort Sozialprodukt an Stelle des international üblichen...

This paper surveys the literature on the relationship between international trade in goods and the factors and the environment. Traditional approaches based on the HEckscher-Ohlin trade model and more recent models looking at non-competetive market structures are discussed. Moreover, the paper...

Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...