Articles tagged with Economic Growth
The article explores how export diversification and ICT shape employment patterns, with research highlighting the importance of diversified trade baskets to minimize economic uncertainties. Tailored trade policies can unlock employment opportunities for both high-skilled and low-skilled workers, fostering sustainable growth.
A study challenges the notion that China's socialist economy reduced extreme poverty, finding it increased during capitalist reforms. China's extreme poverty rate remained high at around 68% in 1995 and has since recovered somewhat.
A new study by MIT researchers finds that China's government uses AI-driven facial recognition to suppress dissent, but this approach also spurs the development of better AI tools and other innovative technologies. The study suggests that this 'AI-tocracy' cycle entrenches the regime while stimulating further innovation.
Increased US-China trade created net welfare gains, but unequal distribution among winners and losers. The 2018 trade war reversed these gains and had modest positive effects on some industries and states.
New Jersey Institute of Technology (NJIT) has been awarded $10 million by the US Environmental Protection Agency (EPA) to provide technical assistance for brownfield site redevelopment across Region 2 and 4. The program aims to empower communities to assess, clean up, and redevelop contaminated sites into sustainable assets.
New research suggests Ukrainian refugees can improve long-term GDP in European countries investing in capital improvements. Low-skill workers and owners of capital benefit in the short term, while high-skill workers face competition for jobs.
A recent study from the University of Eastern Finland reveals that most sustainability scholars support post-growth pathways for affluent countries, while less affluent countries favour either green growth or post-growth pathways. The study's findings challenge the prevailing green growth focused approach and emphasize the need for tar...
A new hub for plant and microbial science will be built in Norwich, UK, with £317.7 million investment from the UKRI Infrastructure Fund. The facility aims to deliver sustainable food solutions, improve human health, and reduce climate change impact.
A study found that countries offering tax breaks for corporate innovation see greater economic growth in capital investment and highly compensated jobs. However, the impact on hiring or overall compensation is limited, with increased average pay for research and development workers instead.
A new study from the University of Kansas emphasizes the importance of including unpaid care work in economic statistics, highlighting women's significant contributions to the economy. The study aims to provide a more complete understanding of labor activity and inform equitable public policy.
New data show that individuals with visual disabilities slowly recovered employment after the COVID-19 lockdown, but at varying rates depending on their level of disability. The recovery was impacted by safety concerns and access to vaccines, according to experts.
A recent study by Dartmouth researchers finds that global economic losses from El Niño can persist for several years after the event, with a significant impact on the world's poorest nations. The study projects total losses of $84 trillion for the 21st century, highlighting the need for climate change mitigation and adaptation strategies.
The study found that racial and ethnic health disparities cost the U.S. economy $451 billion in 2018, with education-related health disparities reaching $978 billion. The economic burden of health inequities is significant, but could be reduced by addressing structural contributors like racism and socioeconomic inequalities.
The study reveals that no single practice is sufficient for great innovation performance. Best companies focus on radical innovation, are risk-takers, and employ long-term strategies. They also develop new products significantly faster than the Rest.
A new study reveals that Indigenous groups in the western US are struggling to turn their legal right to water into actual water use, despite having settled their water-rights claims. The findings show that tribes are likely using only a fraction of their entitled water rights, resulting in significant revenue losses.
A new study reveals that certain wellbeing-related factors, such as household income, internet access, and air pollution levels, are associated with economic growth in European Union countries. Western Europe's strong link to economic growth is attributed to disposable household income, inter-regional mobility, and housing, whereas Cen...
A new study by Florida Atlantic University suggests that monetary policy can impact pollution, with domestic effects being more significant than international spillovers. The research found that changes in the US Fed's interest rates can reduce CO2 emissions in the short run, but not necessarily in the long run.
A study by University of Maryland researchers found that lenient standardized test evaluators led to grade inflation, drawing wealthier residents to neighborhoods and driving up housing prices. As a result, amenities like shops and services followed, leading to gentrification and improved school quality.
Researchers argue that polders are an important part of China's water heritage, reflecting the country's long history of water management. Over 2,500 years, polders have evolved in response to changing societal needs, adapting to agricultural modernisation and urban encroachment.
A study by Carnegie Mellon University researcher Edson Severnini found that large-scale hydroelectric dams constructed in the US before 1950 spurred short- and long-term growth, while those built after 1950 had modest effects on local economies. The decline is attributed to advancements in high-tension transmission lines.
A growing use of blockchain in global supply chains creates a 'regulatory gap' for resolving disputes, according to new research. The study suggests that firms using blockchain feel left to their own devices when solving disagreements and conflicts, highlighting the need for appropriate mechanisms.
A recent study by University of Waterloo researchers argues that globalization is far from over, contradicting widespread fears of a US-China rivalry. The authors suggest that the economic and technological costs of such a rivalry would be too high, hurting consumers worldwide.
Humans have added approximately 900 square miles of land to urban coastlines since 2000, primarily for industrial ports and luxury residential areas. The study found that coastal wetlands are particularly hard-hit, with more than half of tidal flats lost in the Yellow Sea due to reclamation.
A new study from Kyushu University examines the spillover effects of rising energy prices following the 2022 Russian invasion of Ukraine. The research finds that a 20% increase in energy prices has little impact on global prices and social surplus, with only a small effect on certain sectors.
Research at Linköping University reveals that larger cities' benefits disproportionately favor the successful few, while typical residents receive little to nothing. The study highlights the growing inequality within and between cities, threatening the sustainability of urban life.
Employment of people with disabilities reached new heights in 2022, exceeding pre-pandemic and pre-Great Recession levels. The average monthly employment-to-population ratio increased to 34.8%, outperforming those without disabilities, who only surpassed pre-pandemic levels.
The fellowship will study the uneven nature of the UK economy across regions and their responses to global economic changes, including Brexit and the cost of living crisis. It will provide impartial knowledge about these issues, grounded in social scientific research.
A recent study by Giulia Giupponi and Camille Landais finds that short-time work programs can improve employment outcomes for workers during periods of crisis. The policy helps firms retain more workers and is more likely to survive. However, its effectiveness decreases in the long run as it may subsidize low-productivity jobs.
Researchers developed a new model to predict U.S. recessions and economic slowdowns based on financial statement manipulation. The study found that high levels of potential manipulation in financial statements can improve recession prediction 5 to 8 quarters away.
Leading researchers in ecological economics propose a strategic policy framework to enable wealthy countries to reduce materials and energy while improving social outcomes. The approach, known as degrowth, aims to secure human needs and well-being by abandoning aggregate growth as an objective.
Researchers at FAU Harbor Branch Institute found that Florida pompano larvae can be grown in salinities as low as 10 parts per thousand without adverse effects. The study showed that growth, fatty acid profiles, and transcriptome responses were normal across different salinities.
A new study projects that COVID-19 school closures will exacerbate existing inequalities in adult skills between countries in the Global North and South. The loss of learning due to school closures is expected to further widen skill gaps, compromising global development goals.
The National Trends in Disability Employment (nTIDE) October 2022 COVID Update reports little change in unemployment rates for people with and without disabilities. The overall jobs picture remains steady, but slight increases in furloughs are seen, particularly in the tech sector.
A recent study found that winning the FIFA World Cup increases a country's GDP growth primarily through export growth. This effect is attributed to an increase in demand for national products and services globally after the tournament. The study used OECD data from 1961 to examine the impact of winning the World Cup on GDP growth.
A new study finds that seafood farming's growth rate has already peaked in 1996 and is now declining, requiring rebuilding of wild fish stocks to meet future demand. Without this approach, relying solely on aquaculture could lead to a global seafood shortage by 2030.
A new study found that the expiration of monthly Child Tax Credit payments led to a 25% increase in food insufficiency among US households with children. The loss of cash relief benefits disproportionately impacted Black, Latino, Indigenous, and immigrant families, exacerbating racial and economic inequities.
A new study found that social, economic and political barriers hinder the global distribution of the $424 billion aquatic food industry's benefits. The study calls for policies to ensure equitable access to this sector, which supports both welfare-based benefits like jobs and affordable nutrition, as well as wealth-based benefits.
Employment numbers remained positive for people with disabilities, increasing their employment-to-population ratio and labor force participation rate. The trend suggests an inclusive workforce, but also highlights the need to boost household income.
August COVID Update data show little change in unemployment numbers for people with and without disabilities on temporary layoff or looking for work. Challenges are on the horizon due to inflation concerns, which may lead to a tightening of the labor market and rising unemployment.
A £7M NIHR award will scale clean energy access to improve health, gender equality and climate in sub-Saharan Africa. The project aims to address household air pollution, a significant risk factor for global disease, and will focus on informing national strategies to meet the UN's Sustainable Development Goal 7.
A systematic review of 82 scientific publications found that palm oil boosts local economies and poverty reduction while exacerbating social inequalities. Sustainable palm oil production practices facilitate achievement of SDGs like quality education and access to clean water.
The employment-to-population ratio for people with disabilities increased slightly to 34.6% in August, while the labor force participation rate rose by 0.8%. Historically, impacts on the labor market lag behind economic growth movements, suggesting anti-inflationary measures may be early impact.
A study by Hun Chung questions the assumption that helping the least advantaged benefits society as a whole, finding potential gaps in Rawls' theory. The research suggests that even with an optimal state, further improvements can occur without worsening the situation of the least advantaged group.
July numbers showed a slight decrease in unemployment for people with disabilities and people without disabilities. The level of unemployed people with disabilities is returning to baseline pre-pandemic levels, says Dr. Andrew Houtenville, professor of economics at the University of Hampshire.
Researchers identified critical success factors for mitigating challenges in the food cold chain, including stakeholder pressure and sustainable investment. The study provides a detailed theoretical framework for developing sustainable business strategies in China.
A new USDA Forest Service study projects that residential structures will continue to increase carbon storage through 2070 and beyond. The research examines how population growth and income can be combined to project rates of new housing construction and its impact on carbon storage in wood products.
A study from the University of California, Davis, found that economies are sensitive to persistent temperature shocks over a 10-year time frame, impacting growth in about 22% of countries. Climate change affects various sectors, including agriculture and cloud-based data centers.
New research suggests that plant-based beef alternatives could reduce US carbon footprint by 2.5-13.5%, mostly by decreasing cow numbers. However, this shift could disrupt the agricultural workforce, threatening up to 1.5 million industry jobs and exacerbating issues like fair wages and health equity.
A study by Yale economists found that China's research and development funding misallocates resources to low-productivity firms, stifling innovation. The study's model predicts that productivity levels will increase over time as more efficient firms drive technological progress.
A new study by Columbia University Mailman School of Public Health found that sustained low wages during working years are associated with significantly faster memory decline in older age. Low-wage earners experienced approximately one excess year of cognitive aging per a 10-year period compared to those who never earned low wages.
The nTIDE COVID Update reveals a rise in unemployment rates for both people with and without disabilities, driven by increased labor force participation and inflation concerns. This shift may reflect people entering the workforce to increase family income amid rising living costs.
UC San Diego Professor Thomas Murphy warns that economic growth is unlikely to continue indefinitely due to diminishing resources. He uses historical data and calculations to illustrate the point that energy consumption and waste heat will accelerate, leading to severe environmental consequences.
A recent study led by psychologists at the University of Bath challenges the idea that people have unlimited wants. Most people from 33 countries surveyed believed their 'absolutely ideal life' could be achieved with $10 million or less, suggesting a moderate level of wealth is desired.
A study by the University of Texas at Austin found that countries with strong rule of law have less economic volatility and higher productivity. Weak rule of law leads to poor contract enforcement, causing employee morale to suffer, ultimately sparking churn and economic instability.
The employment-to-population ratio for working-age people with disabilities increased from 34% in April to 34.3% in May, up 0.9 percentage points. However, the labor force participation rate decreased from 37.5% in April to 37.2% in May, down 0.8 percentage points.
Total US cigarette retail sales declined significantly, with a -12.8% decrease in annual sales from 2015 to 2021. Cigarette prices also decreased, with a average annual price drop of $0.75 per pack.
A team of NTU Singapore economists compiled a detailed study of Albert Winsemius' influence on Singapore's early economic development, analyzing his affinity with Singapore and his contributions to the country's economic growth. The book examines his synergy with pioneering leaders like Lee Kuan Yew and Dr Goh Keng Swee.
A new study suggests that a transformative shift in the global food system, focusing on efficiency and reducing animal products, could significantly decrease emissions. However, such changes might lead to increased food prices, affecting vulnerable populations.
Researchers have identified over 2.4 million households in 49 countries as being below a certain economic threshold, based on the percentage of unlit settlements detected using nighttime light satellite images. The study found a clear association between increasing percentages of unlit communities and decreasing economic wellbeing levels.
Human activity on Hainan Island is causing changes in the body shapes and diets of tropical birds, resulting in biotic homogenisation. Despite efforts to protect biodiversity, the island's unique ecosystem is being affected by large-scale economic and land-use changes.