Articles tagged with Gross Domestic Product
A comprehensive investigation reveals significant public support for degrowth's key ideas across the UK and US. The study challenges the notion that such policies lack popular backing. Majority support was found for the full proposal with or without labels, while the 'degrowth' label alone received lower support due to low awareness.
A study published in PLOS Climate predicts that unchecked climate change could lead to significant economic losses globally, with lower-income and hotter countries facing substantial drops in GDP per capita. By 2100, these countries may face losses of 30-60% above the global average.
Researchers argue that boosting entrepreneurship is counterproductive to Africa's economic development due to a lack of large firms. The study suggests that focusing on building large firms and adopting strategies from East Asia's successful growth models could be more effective.
The EU's industrial strategy faces criticism for its contradictions, which risk exacerbating climate, social, energy, and geopolitical crises. A new study calls for a fundamental rebalancing of the policy to prioritize public investment and green economic planning.
A new report from Aston University estimates the economic fallout from six US trade tariff scenarios, highlighting vulnerabilities for the UK and potential opportunities for trade diversification. The report calls on policymakers to develop a pragmatic approach to balance short-term gains with long-term stability.
A new UNSW study projects a 4°C rise in global temperatures would result in a 40% loss of world GDP by 2100, significantly higher than previous estimates of around 11%. The analysis refines economic models to account for interconnected global supply chains and their impact on climate policy.
A new study from City St George's University of London found that lower-income countries focus on material concerns like economic issues, while richer nations debate personal freedoms and identity-related issues. The research analyzed 40 years of global data to explore how modernization influences ideological divides.
Researchers developed a framework to measure welfare contributions of new and free goods and services. The study found that these goods significantly increase welfare, with digital goods such as Facebook and Smartphone cameras contributing 0.05-0.11% and 0.63% annual boosts to GDP-B, respectively.
Research by Prof Nicholas Ngepah reveals that inequality cancels out the benefits of positive economic growth and social grants for people living in poverty, especially during economic downturns. In contrast, poor households experience more poverty reduction when the economy grows positively.
Researchers suggest charging carbon emitters with an emission tax could help fund basic income programs while reducing environmental degradation. Implementing basic income could boost global GDP by 130% and generate $7 in economic impacts for every dollar spent.
A new study reveals that climate change could lead to a significant global GDP loss of up to 10% if the planet warms by +3ºC, highlighting the substantial costs of inaction.
A new study from China found that higher GDP per capita and lower income inequality are associated with increased subjective well-being. However, when income inequality becomes too high, the link between economy and mental health disappears. The researchers advocate for a balanced approach to economic planning.
A modelling study published in Scientific Reports predicts that EU and UK economies will suffer significant economic losses, with the majority concentrated in coastal regions. Targeted investment in certain sectors is expected to reduce regional losses, but overall economic impact remains substantial.
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 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.
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.
Researchers found that academic emigration rates decrease with economic development until a certain GDP threshold, then increase. This challenges the assumption that economic growth leads to brain drain in low- and middle-income countries.
A new model predicts US recessions and slowdowns by analyzing the aggregate probability of financial misreporting in the economy. The model improves recession prediction by about 25% over existing models, providing regulators with more lead time to prepare for a recession.
A new study by the University of British Columbia suggests that BC's ocean contributed around $4.9 billion to provincial GDP in 2015, with marine transport sector making the highest contribution. However, this estimate is likely an underestimate due to excluded ecosystem services and cultural value.
A recent study found that large US firms have lower product diversity, with companies manufacturing similar products becoming more common. This decrease in product diversity could be due to various factors such as narrowing consumer demand and data biases in the analysis.
The Covid-19 pandemic had a mixed impact on the EU labour market, with some countries experiencing significant increases in unemployment and inactivity rates. Notably, the Baltic States saw substantial growth in inactive citizens, while Poland was a 'unique case' where both unemployment and inactivity fell slightly.
Researchers have calculated Gross Ecosystem Product (GEP), a monetary value of ecosystem services. GEP calculations for China's Qinghai Province showed over half of its value came from water supply, with GEP exceeding GDP in the year 2000 and being ¾ as large as GDP by 2015.
A new study by Duke University reveals that piracy in the Strait of Hormuz can have a significant toll on smaller Persian Gulf countries, including Bahrain and Kuwait. These nations export refined petroleum products, which make up a larger proportion of their GDP, making them more vulnerable to slowdowns in energy shipping.
Health expenditure in China is expected to grow from 5.3% of GDP in 2015 to 9.1% in 2035, with inpatient services projected to increase 9.2% annually. Circulatory diseases are expected to account for the largest percentage of health expenditure by disease type.
A new study by an economist at The University of Texas at Dallas challenges accepted notions about the 1950s postwar economy. The research argues that policies from that era laid a foundation for future growth and protected the economy from volatility in inflation and gross domestic product.
The study analyzed responses from 142 respondents in 36 countries to identify key findings on traffic safety cultures worldwide. The results revealed two approaches to traffic safety culture: an objective reality-based approach and a threat-elimination focus, with poorer countries emphasizing safety.
The NHS has seen its annual spend on management consultancy double from £313m to £640m between 2010 and 2014. This significant increase in spending raises concerns about the value and impact of such services, with critics arguing that consultants are not accountable for their advice.
A new study found that countries with greater parity in measures of educational equality had more women and men reach the podium at the London 2012 and Sochi 2014 Olympic Games. The researchers suggest that gender stereotypes may limit the number of women and men viewed as potential high-performance athletes.
A new study by the American Heart Association found that poorer countries with lower healthcare spending have a higher incidence of stroke and death. The study linked lower gross domestic product to increased risk of stroke and post-stroke deaths, as well as younger-age-onset stroke.
A study published in BioScience finds strong correlations between energy consumption per person and gross domestic product per person across countries and over time. Researchers conclude that increasing energy supply is necessary to meet projected world population growth without compromising living standards.