Articles tagged with Economic Growth
Researchers found that democracies employ broad-based investment in health and human capital, leading to improved economies. Countries that have democratized within the last 60 years tend to start off slowly but eventually catch up with nondemocracies.
A study by the German Centre for Integrative Biodiversity Research (iDiv) finds that technological advances in agriculture are not sufficient to address biodiversity loss, which is driven by population and economic growth. The research highlights the need for policies addressing these factors to mitigate biodiversity decline.
Research by Bocconi University finds that public debt increases the cost of capital for innovative firms, forcing them to choose only profitable projects over riskier ones, ultimately affecting national GDP growth. A high public debt can lead to a 4% decline in GDP growth after five years compared to a normal debt level.
The perception of unfair economic inequality can lead to civic unrest in the US, as seen in Ireland's past protests. In contrast, despite the controversial president and global economic impacts, there are currently no large-scale demonstrations, suggesting that the 'tinder' for protests is ready to ignite
Researchers at the Norwegian University of Science and Technology suggest that prioritizing fundamental human needs over economic growth could make it easier to reduce carbon emissions. They found that meeting subsistence and protection needs takes half of the global carbon budget, while leisure and identity take most of the other half.
A new study by Bocconi University's Gianmarco Ottaviano and colleagues identifies resource misallocation as a major cause of the productivity slowdown. Misallocation is stronger within industries and geographical areas, making it essential to implement policies promoting reallocation from less productive to more productive firms.
A recent study by Prof. Natalya Ketenci found that CO2 emissions in Russia increase along with economic growth, but only up to a certain threshold, after which they decrease. The study supports the environmental Kuznets curve hypothesis, suggesting that cleaner technologies can sustain economic development.
A recent analysis suggests that investments in education, healthcare, and infrastructure drive economic growth, while military spending has a negative impact. A budget maneuver could increase Russia's GDP by 25-35% in a single generation.
The US ranks 27th worldwide in investment in education and healthcare, a decline from 6th in 1990. China sees an increase in ranking to 44th, while nations with greater human capital improvements tend to experience faster growth in GDP.
New research suggests that high- and low-income countries will struggle to achieve environmental sustainability if current economic growth patterns continue. The study argues that restructuring the economic system is key to making development compatible with ecological sustainability.
A new study found that small farm size strongly affects the use and intensity of agricultural chemicals in China. The research suggests that addressing this issue is critical to sustainable development in Chinese agriculture. If left unaddressed, other less-developed countries may face similar health and environmental problems.
A mathematical model proposes a threshold strategy for governments to counterbalance the costs of reducing public debt. The optimal threshold is endogenously determined based on inflation levels.
Researchers found substantially higher uncertainty than assumed in current climate change studies, with a median per capita output growth rate of 2.03% per year. This new understanding of uncertainty will affect policy planning globally.
Estimates of uncertainty in long-run economic growth forecasts indicate a need for greater caution in climate policy and social programs relying on long-run growth projections. The study suggests that there is a higher than assumed probability of exceeding the highest values in greenhouse gas emissions scenarios.
A Yale-led study found that GDP remains linked to metal use even as affluence grows, with a 1% rise in GDP increasing the nation's metal footprint by 1.9%. This challenges the long-held theory that metal use plateaus when GDP reaches $15,000 per person.
A new study reveals that economic growth in developed countries may not improve human happiness, but rather erodes free goods and creates social problems. The Negative Endogenous Growth Model suggests that economic systems can produce wealth from the erosion of free goods, leading to unhappiness and excessive consumption.
The World scientists' warning to humanity has prompted global responses and endorsements, with the latest translation including Polish. The paper highlights two key areas for action: incorporating externalised environmental limits into economics and implementing higher carbon prices globally.
A no-growth economy may be more stable with fewer crashes, according to a University of Sussex study. The research challenges dominant economic thinking, suggesting that economies can be volatile even during periods of growth.
A new report highlights the need for sustainable solutions to address growing energy demands from emerging middle classes. The study finds that adoption rates of energy-efficient materials and technologies vary greatly across countries due to differences in climate, economic power, and public perception on climate change.
A study by Imperial College London found that global conservation spending of $14.4 billion over 10 years resulted in a 29% reduction in biodiversity loss among 109 countries. The analysis provides a tool for adjusting conservation budgets based on individual country needs.
A new policy proposal by Dartmouth economist Elizabeth Cascio aims to relieve the burden of child care costs on low-income families, particularly those with children under five. The proposed reform recommends replacing current federal child care tax policies with a new, refundable tax credit that would benefit lower-income families.
A new study examines the impact of rotational grazing and rest on greater sage-grouse nests, finding no significant increase in survival rates from rest periods. The research suggests that various grazing management systems can coexist with sage-grouse conservation.
Expert John Deutch argues that the US can't lower carbon emissions while growing the economy due to the Kaya Identity model. He suggests planned reductions won't be enough to avoid climate change's impact.
A large mineral sector can lead to a 'resource curse,' where the finance sector prioritizes established firms over smaller companies, hindering national economic growth. This phenomenon, studied in 70 countries, suggests that the finance sector's focus on larger companies can exacerbate the resource curse.
A study by Penn State economists found that a combination of college graduates and high-quality-of-life amenities significantly contributes to economic growth. Rural counties, which often struggle with growth, may particularly benefit from this approach.
Research from the journal Area Development and Policy highlights China's successful economic growth as a model for other developing countries. To achieve sustained growth, these countries should develop their economies according to their comparative advantages and avoid immediate exposure to international competition. However, there ar...
The study found that only half of Red Cross and Red Crescent national societies have adopted Twitter, highlighting the digital divide as a constraint. Despite this, high activity rates were observed in countries like Kenya, Indonesia, and the Philippines, suggesting potential for growth in developing economies.
Researchers found high-quality surf breaks increase local economic growth significantly, particularly after recent discoveries and during El Niño years. Destruction of surf breaks led to reduced economic growth in nearby areas.
A new study proposes 'agrowth' as a middle ground between pro-growth and anti-growth policies, aiming to reduce resistance to climate policies. The research suggests that adaptation to climate change can be achieved through flexible economic strategies, rather than relying solely on growth.
A new study reveals that preferential trade agreements can enhance global commodity trade growth, but at the cost of reducing its resilience to economic shocks. The research highlights the need for policymakers to consider both short-term and long-term growth and resilience in their decision-making.
The partnership aims to create a critical mass of expertise in key engineering areas, such as energy and advanced manufacturing. This collaboration will help the UK maintain its global standing in light of increasing international competition.
A new study published in Scientific Reports found a significant link between economic growth and deforestation in poor countries, with the effect disappearing in wealthier economies. The research used satellite data and economic data from 130 countries to make comparisons across border regions with similar geography.
The study predicts a decline in annual per capita GDP growth rate of 0.21 percentage points due to population ageing, equivalent to a 7.6% drop in average income level over the 2015-2050 period. Population ageing also leads to increased government consumption and a slowdown in productivity growth, further reducing economic growth.
A study published in Nature Communications reveals that human activities have expanded at a slower rate than population and economic growth, but still have extensive environmental impacts. The research found that three-quarters of the planet is significantly altered and 97% of species-rich regions are seriously altered.
The United States can benefit from strengthening its leadership role in international economic structures and engaging with rising powers like China. The country's next administration faces crucial economic choices that will impact its power. Meanwhile, the US faces domestic weaknesses such as labor market challenges and government debt.
A new study analyzes data from 21 countries and finds a positive correlation between electricity consumption and life satisfaction in some nations, while others show the opposite relationship. The research suggests that narrowing production-consumption gaps can improve human development outcomes.
A new study by MIT scientists predicts widespread water shortages in Asia by 2050, with 1 billion more people becoming water-stressed. Economic and population growth, combined with climate change, exacerbate water-access problems.
A University of Illinois expert argues that investing in public higher education yields significant economic benefits, including tax revenues and lower welfare costs. The state's underinvestment in education could have serious implications for its fiscal health and human capital.
A researcher at the University of the Basque Country has designed an economic model that reflects a country's economic evolution better by considering the relationship between technological obsolescence and economic growth. The model suggests a positive correlation between capital depreciation and long-term growth rates in 101 countries.
Global carbon emissions from fossil fuels and industry grew by just 0.6 per cent last year, marking a slowdown. China's decreased coal use is largely responsible for the break in global emissions growth, with emissions projected to decline by 0.6 per cent this year.
A study by University of East Anglia researchers found that people's honesty varies significantly between countries, with estimated dishonesty ranging from 3.4% in the UK to 70% in China. The study also suggests that honesty is less important to a country's current economic growth than during earlier periods in history.
Researchers at Queensland University of Technology are investigating innovation systems to guide businesses and stimulate economic growth. The project aims to develop a theory of innovation systems to analyse which processes are most beneficial for organisations.
A new report by Daniel Herbst and Alexandre Mas found that lab-based estimates of the spillover effect, how one worker's productivity impacts another's, are similar to field results. The study analyzed more than 30 lab and field studies across various occupations and continents, suggesting that insights from lab experiments can be gene...
A new study published in Administrative Science Quarterly finds that neutral language can build trust among divisive groups and stimulate economic growth. Using data on Kenya's Nairobi Securities Exchange, researchers identified mechanisms driving social segmentation and integration of disparate groups.
The US National Science Foundation is launching the Exploring Innovation Frontiers Initiative (EIFI) to identify emerging models of technological innovation that will propel US competitiveness in the coming decades. The two-year initiative aims to explore innovation strategies, tap into the nation's innovation capacity, and nurture new...
A new study by Michigan State University economists suggests that public deliberation is crucial for stable economic growth. By considering diverse citizen opinions, policymakers can create policies that regulate the economy and allocate resources effectively.
The university will receive $499,959 to build the I-20 Corridor Maker's Innovation Network, integrating maker-spaces, entrepreneurship, and business development across the region. The initiative aims to generate new business ventures and economic activity, particularly in small-scale manufacturing.
Researchers recommend supporting entrepreneurship, infrastructure development and diaspora engagement to help Somalia's economy grow. The US government is urged to provide venture capital, improve relations between returnees and locals, and invest in roads, health clinics, and water sanitation systems.
A new study suggests that the social cost of carbon is not $37 per ton as previously estimated, but $220 per ton. This higher estimate justifies rapid and early mitigation efforts to limit global temperature rise to 2 degrees Celsius. The research also explores the impact on developing countries, suggesting that delaying emissions redu...
A new study by Stanford University School of Engineering suggests the social cost of carbon dioxide emissions could be six times higher than previously estimated. The researchers estimated that the actual cost could be $220, which justifies rapid and early mitigation measures to limit global temperature rise.
A new MIT study reveals that industrial clusters across various industries drive economic growth by fostering job creation, innovation, and the formation of new industries. The research suggests that regions can improve their economic performance by investing in and extending their comparative advantage rather than chasing global hotsp...
Australian average incomes have been declining over the past decade, with a recent study revealing a per capita drop of $250 over ten quarters. The economy's growth is largely driven by population expansion, but investment earnings are flowing out to overseas investors, exacerbating the issue.
The Lindau Meeting on Economic Sciences brings together Nobel laureates and young economists to discuss the scope of incentives, innovation, and growth. The meeting will explore how to encourage mass flourishing and dynamism in economics.
A new study by Chinese and American conservation biologists quantifies China's recent economic growth on its coastal ecosystems. The research shows that after reforms declared in 1978, many human economic activities with deleterious environmental impacts increased markedly.
New research reveals that developed regions in China contribute to water depletion in other water-scarce regions through imports of food and water-intensive goods. This study accounts for water scarcity using the concept of virtual water, tracking water flows through trade and agricultural products.
Clemson professor Rajendra Singh is recognized for his efforts to expand solar deployment across the US, driving policy changes and creating jobs in the industry. He has played a key role in increasing new solar installations, enough to power over 2.2 million American homes.
A new study published in the Journal of Bone and Joint Surgery found that economic downturns did not significantly impact the growth trends for hip and knee arthroplasty in the US. The study's results support previous projections, indicating a recession-proof demand for total joint replacement through at least 2021.
A large study of child growth patterns in 36 developing countries found that economic growth is at best associated with small declines in stunting, underweight, and wasting. Targeted nutrition-related interventions are crucial to tackle child undernutrition worldwide.
A large study of child growth patterns in 36 developing countries found that economic growth was associated with small or no declines in stunting, underweight, and wasting. Improvements in public services such as vaccinations and clean water may also lag behind growth in incomes.
A Harvard study suggests that pessimistic early global policy architects stunted developing nations' economies by rejecting innovation and entrepreneurialism. The study recommends prioritizing innovation, building technical capacity, and emphasizing entrepreneurs and risk-taking in emerging countries to drive growth.