Economic Conditions and the Presidential Vote

1989 ◽  
Vol 83 (2) ◽  
pp. 567-573 ◽  
Author(s):  
Robert S. Erikson

This analysis demonstrates that the relative growth of per capita income change is an important determinant of post-World War II presidential election outcomes. Per capita income change is even a better predictor of presidential election outcomes than the electorate's relative attraction to the Democratic and Republican candidates as calibrated in National Election Study surveys. The significance of this finding is discussed.

1980 ◽  
Vol 12 (3) ◽  
pp. 277-301 ◽  
Author(s):  
James Allman

Is there indeed a new or renewed demographic transition? The evidence suggests that there is. A rapidly growing number of countries of diverse cultural background have entered the natality transition since World War II and after a 25-year lapse in such entries. In these countries the transition is moving much faster than it did in Europe. This is probably related to the fact that progress in general is moving much faster in such matters as urbanization, education, health, communication, and often per capita income.


2004 ◽  
Vol 30 (2) ◽  
Author(s):  
Daniel Almeida Fonseca ◽  
José Luís Oreiro

O artigo pretende analisar em que medida os modelos neoclássicos de crescimento econômico – mais especificamente, o modelo de Solow (1956, 1957), o modelo de Mankiw, Romer e Weill (1992) e o modelo de Romer (1990) – são capazes de explicar a divergência global nos níveis de renda per capita nos últimos dois séculos e a convergência nos níveis de renda per capita e o catch-up ocorridos entre Europa e Estados Unidos no período do Pós Segunda Guerra Mundial. Com efeito, trata-se de uma confrontação entre teoria e prática, de modo a analisar de que forma tais modelos explicam (ou não) os fatos supramencionados. No trabalho, demonstra-se que a ocorrência dos fatos anteriormente mencionados deveu-se fundamentalmente às diferenças do progresso técnico existente entre as economias (no caso da divergência) e à redução de tais disparidades entre os Estados Unidos e a Europa no período de tempo imediatamente após a 2.a Guerra Mundial (no caso da convergência e do catch-up). Na verdade, tenta-se demonstrar que os modelos apresentados não conseguem explicar satisfatoriamente os fatos ocorridos, sendo válidos apenas em casos específicos. O que o artigo se propõe a expor é que a realidade do crescimento econômico mundial é bastante diferente das conclusões dos modelos neoclássicos considerados. Abstract This work intends to analyze in which way the neoclassical growth models – more specifically, Solow (1956, 1957), Mankiw, Romer and Weill (1992) and Romer (1990) – are capable to explain the global divergence on the levels of per capita income over the last two centuries and the convergence on the levels of per capita income and the catch-up occurred between Europe and the United States after World War II. In fact, it is a confrontation between theory and practice, in order to view in which way these models explain (or not) the above-mentioned facts. During the present work, we demonstrate that the occurrence of these facts were mainly caused by differences on technological progress between economies (case of divergence) and the reduction of such disparities between the United States and Europe on the period of time immediately after World War II (case of convergence and catch-up). In fact, we try to demonstrate that these models are incapable to give a satisfactory explanation to the occurred facts, being only valid on specific cases. The work tries to propose that the reality of global economic growth differs considerably from the conclusions of the considered neoclassical growth models.


1979 ◽  
Vol 10 (1) ◽  
pp. 27-47 ◽  
Author(s):  
Bent Hansen

The attempt to estimate per capita income for Egypt from 1886/1887 to 1937, presented in this paper, is part of an effort to evaluate British colonial economic policyduring the period of the British occupation of Egypt. For such an evaluation national income estimates covering the whole period would be very helpful. National income estimates worth the name, however, go back only to 1935–1939, and for years earlier than the 1950s they are of very poor quality. Compared with so many other lessdeveloped countries, Egypt has relatively rich statistics extending backward to the decades before World War I; but they do not really suffice for building up a national income series from either the production or the expenditure side, and from the income side there is hardly any information. In this situation, which both development economists and economic historians know only too well, the problem is how to make maximal use of existing production and expenditure indicators in order to come out with some idea of what per capita income developments may have looked like. Apart from gauging per capita income in Egypt during half a century before World War II, the paper serves more generally to illustrate a methodology that may find application for other countries.


2018 ◽  
pp. 1-21
Author(s):  
Şevket Pamuk

This introductory chapter demonstrates how Turkey's performance in economic growth and human development has been a little above but close to developing-country and world averages. Turkey's political system was opened to greater participation and competition after World War II with the transition to a multiparty system which gave greater voice and power to average citizens. Turkey's formal economic institutions and economic policies also experienced a great deal of change during the last two centuries. The chapter shows that many of these institutional changes were designed to and did lead to increases in per capita income and improvements in human development. The latter part of the chapter provides an overview of the book.


1996 ◽  
Vol 56 (3) ◽  
pp. 543-560 ◽  
Author(s):  
Yasukichi Yasuba

Until the end of the nineteenth century, Japan raised its per capita income, starting from a low level, by exporting primary commodities and importing manufactured goods. Around the turn of the century, Japan became a net importer of natural resources. Yet it is doubtful that Japan ever suffered severely from a shortage of natural resources before the Manchurian Incident of 1931. It was the military expansion in the 1930s that created an artificial shortage of mineral resources, the wholesale exodus of population, and a lowering in the standard of living of the general public.


1973 ◽  
Vol 12 (4) ◽  
pp. 433-437
Author(s):  
Sarfaraz Khan Qureshi

In the Summer 1973 issue of the Pakistan Development Review, Mr. Mohammad Ghaffar Chaudhry [1] has dealt with two very important issues relating to the intersectoral tax equity and the intrasectoral tax equity within the agricultural sector in Pakistan. Using a simple criterion for vertical tax equity that implies that the tax rate rises with per capita income such that the ratio of revenue to income rises at the same percentage rate as per capita income, Mr. Chaudhry found that the agricultural sector is overtaxed in Pakistan. Mr. Chaudhry further found that the land tax is a regressive levy with respect to the farm size. Both findings, if valid, have important policy implications. In this note we argue that the validity of the findings on intersectoral tax equity depends on the treatment of water rate as tax rather than the price of a service provided by the Government and on the shifting assumptions regard¬ing the indirect taxes on imports and domestic production levied by the Central Government. The relevance of the findings on the intrasectoral tax burden would have been more obvious if the tax liability was related to income from land per capita.


1993 ◽  
Vol 32 (4I) ◽  
pp. 411-431
Author(s):  
Hans-Rimbert Hemmer

The current rapid population growth in many developing countries is the result of an historical process in the course of which mortality rates have fallen significantly but birthrates have remained constant or fallen only slightly. Whereas, in industrial countries, the drop in mortality rates, triggered by improvements in nutrition and progress in medicine and hygiene, was a reaction to economic development, which ensured that despite the concomitant growth in population no economic difficulties arose (the gross national product (GNP) grew faster than the population so that per capita income (PCI) continued to rise), the drop in mortality rates to be observed in developing countries over the last 60 years has been the result of exogenous influences: to a large degree the developing countries have imported the advances made in industrial countries in the fields of medicine and hygiene. Thus, the drop in mortality rates has not been the product of economic development; rather, it has occurred in isolation from it, thereby leading to a rise in population unaccompanied by economic growth. Growth in GNP has not kept pace with population growth: as a result, per capita income in many developing countries has stagnated or fallen. Mortality rates in developing countries are still higher than those in industrial countries, but the gap is closing appreciably. Ultimately, this gap is not due to differences in medical or hygienic know-how but to economic bottlenecks (e.g. malnutrition, access to health services)


This paper focuses upon the magnitude of income-based poverty among non-farm households in rural Punjab. Based on the primary survey, a sample of 440 rural non-farm households were taken from 44 sampled villages located in all 22 districts of Punjab.The poverty was estimated on the basis of income level. For measuring poverty, various methods/criteria (Expert Group Criteria, World Bank Method and State Per Capita Income Criterion) were used. On the basis of Expert Group Income criterion, overall, less than one-third of the persons of rural non-farm household categories are observed to be poor. On the basis, 40 percent State Per Capita Income Criteria, around three-fourth of the persons of all rural non-farm household categories are falling underneath poverty line. Similarly, the occurrence of the poverty, on the basis of 50 percent State Per Capita Income Criteria, showed that nearly four-fifths of the persons are considered to be poor. As per World Bank’s $ 1.90 per day, overall, less than one-fifth of rural non-farm household persons are poor. Slightly, less than one-fourth of the persons are belonging to self-employment category, while, slightly, less than one-tenth falling in-service category. On the basis of $ 3.10 per day criteria, overall, less than two-fifth persons of all rural non-farm household categories were living below the poverty line.


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