scholarly journals Economic Development in Spain, 1815–2017

2020 ◽  
Author(s):  
Leandro Prados de la Escosura ◽  
Blanca Sánchez-Alonso
Keyword(s):  
Linear Trend ◽  
Poor Performance ◽  
Living Standards ◽  
Worker Exposure ◽  
Economic Progress ◽  
Peninsular War ◽  
Catch Up ◽  
Per Capita ◽  
Persuasive Arguments ◽  
Modern Era

In assessments of modern-day Spain’s economic progress and living standards, inadequate natural resources, inefficient institutions, lack of education and entrepreneurship, and foreign dependency are frequently blamed on poor performance up to the mid-20th century, but no persuasive arguments were provided to explain why such adverse circumstances reversed, giving way to the fast transformation that started in the 1950s. Hence, it is necessary to first inquire how much economic progress has been achieved in Spain and what impact it had on living standards and income distribution since the end of the Peninsular War to the present day, and second to provide an interpretation. Research published in the 2010s supports the view that income per person has improved remarkably, driven by increases in labor productivity, which derived, in turn, from a more intense and efficient use of physical and human capital per worker. Exposure to international competition represented a decisive element behind growth performance. From an European perspective, Spain underperformed until 1950. Thereafter, Spain’s economy managed to catch up with more advanced countries until 2007. Although the distribution of the fruits of growth did not follow a linear trend, but a Kuznetsian inverted U pattern, higher levels of income per capita are matched by lower inequality, suggesting that Spaniards’ material wellbeing improved substantially during the modern era.

Cylindrocarpon and Fusarium root colonization of Douglas-fir seedlings from British Columbia reforestation sites

1998 ◽  
Vol 28 (8) ◽  
pp. 1198-1206 ◽  
Author(s):  
Paige E Axelrood ◽  
William K Chapman ◽  
Keith A Seifert ◽  
David B Trotter ◽  
Gwen Shrimpton
Keyword(s):  
British Columbia ◽  
Pseudotsuga Menziesii ◽  
Root Colonization ◽  
Linear Trend ◽  
Poor Performance ◽  
Douglas Fir ◽  
Root Infection ◽  
Significant Linear Trend ◽  
Conifer Seedlings ◽  
Cylindrocarpon Destructans

Poor performance of Douglas-fir (Pseudotsuga menziesii (Mirb.) Franco) plantations established in 1987 has occurred in southwestern British Columbia. Affected sites were planted with 1-year-old container stock that exhibited some root dieback in the nursery. A study was initiated in 1991 to assess Cylindrocarpon and Fusarium root infection in planted and naturally regenerating (natural) Douglas-fir seedlings from seven affected plantations. Percentages of seedlings harboring Cylindrocarpon spp.and percent root colonization were significantly greater for planted seedlings compared with natural seedlings. A significant linear trend in Cylindrocarpon root colonization was observed for planted seedlings with colonization levels being highest for roots closest to the remnants of the root plug and decreasing at distances greater than 10cm from that region. This trend in Cylindrocarpon colonization was not observed for natural seedlings. Cylindrocarpon destructans (Zins.) Scholten var. destructans and C.cylindroides Wollenw. var. cylindroides were the only species isolated from planted and natural conifer seedlings. For most sites, percentage of seedlings harboring Fusarium spp.and percent Fusarium root colonization were less than for Cylindrocarpon. Recovery of Fusarium spp.from seedlings and root colonization levels were not significantly different for planted and natural seedlings from all sites.

WHY HASN’T ECONOMIC PROGRESS LOWERED WORK HOURS MORE?

2017 ◽  
Vol 34 (2) ◽  
pp. 190-212
Author(s):  
Tyler Cowen
Keyword(s):  
Working Hours ◽  
Real Income ◽  
Work Hours ◽  
Living Standards ◽  
Economic Progress ◽  
Relative Status ◽  
Alternative Scenarios ◽  
Material Form

Abstract:Why hasn’t economic progress lowered work hours more? One of Keynes’s most famous essays is his “Economic Possibilities for Our Grandchildren.” Keynes predicts that within one hundred years — which would bring us to 2030 — most scarcity will have disappeared and most individuals will work no more than fifteen hours a week. My question is a simple one: Why wasn’t Keynes right? Why have working hours remained as long as they have? Why hasn’t progress taken a more leisurely and less material form than what we have observed? Investigating that issue will help us get at the question of just how much progress has occurred. Under one view, Western life has been caught in a kind of rat race, and a lot of the gains of progress are illusory. For instance there is the argument that higher incomes are largely consumed as part of a futile race to win relative status, and living standards aren’t nearly as high as they might appear. Under some alternative scenarios, people haven’t moved to Keynes’s scenario for some good reasons, such as enjoying work more than we might think, or other hypotheses, as I will outline. In that case the observed changes in real income are robust, and measured correctly, or progress may even be greater than income measurements would indicate. I hope that addressing Keynes’s paradox can help us better understand this longstanding debate on the nature of modern progress.

The Impact of Infrastructure on Growth in Developing Countries

2017 ◽  
pp. 40-68 ◽  
Author(s):  
Derya Yılmaz ◽  
Işın Çetin
Keyword(s):  
Developing Countries ◽  
Instrumental Variables ◽  
Dynamic Panel Data ◽  
Gdp Growth ◽  
Per Capita Gdp ◽  
Gdp Growth Rate ◽  
Generating Capacity ◽  
Catch Up ◽  
Per Capita ◽  
The Impact

Infrastructure and growth nexus has been debated in the literature since 1980s. This debate has a vital importance for the sake of developing countries. These countries need to grow faster in order to catch-up their advanced counterparts. Thus, it is important to detect the effect of infrastructure on growth. Bearing in mind this fact, we develop a standard growth regression in this present chapter using per capita GDP growth rate as a dependent variable. Infrastructure is added to the model as an index constructed from the indicators of infrastructure: total electric generating capacity, total telephone lines and the length of road network. We also employ set of instrumental variables comprising 29 developing countries between 1990 and 2014. In order to estimate our dynamic panel data we prefer GMM estimators. According to our empirical analysis, we can claim that infrastructure has a positive and significant impact on growth. But this impact is smaller than the earlier studies predict.

scholarly journals Are We Consuming Too Much?

2004 ◽  
Vol 18 (3) ◽  
pp. 147-172 ◽  
Author(s):  
Kenneth Arrow ◽  
Partha Dasgupta ◽  
Lawrence Goulder ◽  
Gretchen Daily ◽  
Paul Ehrlich ◽  
...  
Keyword(s):  
Utility Maximization ◽  
Natural Capital ◽  
Living Standards ◽  
The Other ◽  
Theoretical Approaches ◽  
Current Consumption ◽  
The World ◽  
Per Capita ◽  
Over Time ◽  
Sustainability Criterion

This paper articulates and applies frameworks for examining whether consumption is excessive. We consider two criteria for the possible excessiveness (or insufficiency) of current consumption. One is an intertemporal utility-maximization criterion: actual current consumption is deemed excessive if it is higher than the level of current consumption on the consumption path that maximizes the present discounted value of utility. The other is a sustainability criterion, which requires that current consumption be consistent with non-declining living standards over time. We extend previous theoretical approaches by offering a formula for the sustainability criterion that accounts for population growth and technological change. In applying this formula, we find that some poor regions of the world are failing to meet the sustainability criterion: in these regions, genuine wealth per capita is falling as investments in human and manufactured capital are not sufficient to offset the depletion of natural capital.

Theoretical and Practical Implications of I.M.F. Conditionality in Zambia

1986 ◽  
Vol 24 (3) ◽  
pp. 395-422 ◽  
Author(s):  
Neva Seidman Makgetla
Keyword(s):  
Low Income ◽  
Terms Of Trade ◽  
Living Standards ◽  
Real Wages ◽  
Colonial Era ◽  
Income Groups ◽  
Low Income Groups ◽  
Per Capita ◽  
High Degree ◽  
Practical Implications

Zambia has faced an economic crisis since 1975. Living standards for most of the population have deteriorated sharply, with falling real wages and a drop in G.D.P. per capita by about a quarter. At the same time, the gap between the high- and low-income groups has probably widened.Zambia's economic difficulties originated in international factors. In the two decades of independence, and unusually high degree of external dependency, inherited from the colonial era, continued to chatacterise the economy. Imported inputs accounted for at least one-third of all costs in mining and manufacturing, as may be seen from Table I. Meanwhile, the production of copper and relate minerals contributed a steady nine-tenths of export revenues. But in 1975, the terms of trade for copper plummeted by nearly 50 per cent, and merchandise imports promptly contracted by almost one-quarter, seriously affecting production. Since then the price of copper has stagnated.

Common Factors in Major League Baseball Game Attendance

2016 ◽  
Vol 19 (4) ◽  
pp. 583-598 ◽  
Author(s):  
Young H. Lee
Keyword(s):  
Data Model ◽  
Major League Baseball ◽  
Common Factors ◽  
Early Years ◽  
Competitive Balance ◽  
Capita Gross Domestic Product ◽  
Major League ◽  
Per Capita ◽  
Game Attendance ◽  
Modern Era

This article applies a panel data model with observed common factors to Major League Baseball (MLB) data from 1904 to 2012 to analyze attendance. In particular, it aims to identify common factors. The empirical results suggest that MLB fan preferences were simple in the early years (1904-1957) with respect to common factors and then became multifaceted in later years (1958-2012), because the number of significant common factors increased from four to seven. Time trends and per capita gross domestic product were significant over the whole sample period, but outcome uncertainties and offensive performance, such as slugging performance, became newly significant common factors influencing attendance in later years. This indicates that fans consider not only their home team’s characteristics but also the characteristics of the away teams; then, in the modern era, it became critical for the league to implement elaborate business measures to promote competitive balance and slugging performance.

Are Low Income Countries Catching up or Falling Further Behind? Evidence from Income and Demographic Indicators

1993 ◽  
Vol 4 (1) ◽  
pp. 98-119
Author(s):  
N. Kakwani ◽  
K. Subbarao
Keyword(s):  
Low Income ◽  
Living Standards ◽  
Infant Mortality Rate ◽  
Standard Of Living ◽  
Low Income Countries ◽  
Demographic Indicators ◽  
Life Expectancy At Birth ◽  
Catching Up ◽  
The World ◽  
Per Capita

The main objective of this paper is to measure changes in living conditions in one hundred and ten countries of the World during the period 1961 to 1990. Our concern is whether the economic and social gap is narrowing or widening. We also examine in which countries has there been a consistent improvement in average living standards. The standard of living is measured in terms of (a) per capita income, (b) life expectancy at birth and (c) infant mortality rate. The justification of these indicators is provided in terms of functionings and capabilities.

scholarly journals Measuring Multidimensional Poverty in Kabul

2021 ◽  
pp. 25-55
Keyword(s):  
Child Labor ◽  
Research Method ◽  
Statistical Tests ◽  
Multidimensional Poverty ◽  
Living Standards ◽  
Data Collection Tool ◽  
Statistical Population ◽  
The Poor ◽  
Per Capita ◽  
Spss Software

The main aim of this study is to measure the extent of multidimensional poverty in Kabul and compare different areas. The research method is a survey. The data collection tool is a researcher-made questionnaire. The statistical population of the study is all households living in Kabul. Since the residents of Kabul is over 6 million people, we use Cochran's formula. We selected 300 families. According to the research background, the judges determined the validity of the questionnaire. We used Cronbach's Alpha calculation to determine the questionnaire's reliability. The value of which was (78.9%) on average for different sections. To perform statistical tests, we use SPSS software. The results show that generally, households in Kabul are not the poor according to the dimensions and criteria of multidimensional poverty; because the maximum deprivation rate is less than (40 %(. Partly, the highest poverty rates were related to the criteria such as (37%) deprivation in the roof of the house, (28.7%) deprivation in the wall of the house, (27.3%) deprivation of literacy in adults, and (18.8%) deprivation in the per capita room. The lowest deprivation rates were (0.3%) for electricity, (1%) for bathrooms, (2.3%) for children, (4.3%) for disability, (4.4%) for drinking water, (6.7%) for unemployment, (6.7%) for children, (8%) for household floors, and (9.7%) for health services. There are no restrictions on child labor, heating facilities, and cooking fuel. Also, among the surveyed areas, District 4 has the highest deprivation and poverty in terms of education, living standards, work, and housing compared to other selected areas of Kabul city.

scholarly journals Forecasting GDP Per Capita In Bangladesh: Using Arima Model

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Liton Chandra Voumik ◽  
Dilruba Yesmin Smrity
Keyword(s):  
Arima Model ◽  
Sustainable Growth ◽  
Decision Makers ◽  
Living Standards ◽  
Gdp Per Capita ◽  
Public And Private ◽  
Poor Countries ◽  
Per Capita ◽  
Key Indicators ◽  
Yearly Data

GDP per capita is one of the key indicators of the economic health of any country. It is often used by academicians and decision-makers to plan public and private policies. The work aims to forecast the real per capita GDP in Bangladesh. Using yearly data for Bangladesh from 1972 to 2019, the study analyzes future GDP per capita using the ARIMA technique. The ADF, PP, and KPSS tests showed that the appropriate model to forecast Bangladeshi GDP per capita is ARIMA (0, 2, 1). Finally, we applied in our paper the ARIMA model (0,2,1) to forecast the GDP per capita of Bangladesh for the next decade. The future GDP per capita shows that living standards in Bangladesh will continue. Indeed, Bangladesh's economy is growing, and other poor countries must learn from Bangladesh's experiences. The study offers policy prescriptions to help policymakers for Bangladesh on how to maintain, preserve, and promote sustainable growth in Bangladesh.

scholarly journals ON A QUESTION OF ECONOMIC GROWTH

2018 ◽  
pp. 54-57
Author(s):  
TEIMURAZ BERIDZE
Keyword(s):  
Economic Development ◽  
Foreign Aid ◽  
Real Income ◽  
Living Standards ◽  
Gdp Per Capita ◽  
Educational Standards ◽  
Environmental Standards ◽  
Education Standards ◽  
Investment Level ◽  
Per Capita

Economic development looks at a wider range than GDP per capita. Economic development is concerned with how people are actually affected. It looks at their actual living standards and social conditions. Measures of Economic development will look at: Real income per head – GDP per capita; Levels of literacy and education standards; Levels of healthcare (e.g. number of doctors per 1.000 population); Quality and availability of housing; Levels of environmental standards; Levels of infrastructure (transport, communication); Levels of corruption; Educational standards & labor productivity; Labor mobility; Flow of foreign aid & investment; Level of savings & investment; etc.

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