scholarly journals Do Human Capital Investment and Technological Innovation Have a Permanent Effect on Population Health? An Asymmetric Analysis of BRICS Economies

2021 ◽  
Vol 9 ◽  
Author(s):  
Gang-Gao Hu ◽  
Li-Peng Yao
Keyword(s):  
Human Capital ◽  
Population Health ◽  
Technological Innovation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Negative Effects ◽  
Positive Effects ◽  
Brics Countries ◽  
Long Run ◽  
Short Run

This study examines the asymmetric impact of human capital investment, and technological innovation on population health from the years spanning from 1991 to 2019, by using a panel of the BRICS countries. For this purpose, we have employed the PMG panel NARDL approach, which captures the long-run and short-run dynamics of the concerned variables. The empirical results show that human capital investment and technological innovation indeed happen to exert asymmetric effects on the dynamics of health in BRICS countries. Findings also reveal that increased human capital investment and technological innovation have positive effects on health, while the deceased human capital investment and technological innovation tend to have negative effects on population health in the long run. Based on these revelations, some policy recommendations have been proposed for BRICS economies.

scholarly journals Population and Economic Growth Under Different Growth Engines

2017 ◽  
Vol 18 (2) ◽  
pp. 182-211 ◽  
Author(s):  
Alberto Bucci ◽  
Xavier Raurich
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Human Capital ◽  
Population Growth ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
Long Run

Abstract Using a growth model with physical capital accumulation, human capital investment and horizontal R&D activity, this paper proposes an alternative channel through which an increase in the population growth rate may yield a non-uniform (i.e., a positive, negative, or neutral) impact on the long-run growth rate of per-capita GDP, as available empirical evidence seems mostly to suggest. The proposed mechanism relies on the nature of the process of economic growth (whether it is fully or semi-endogenous), and the peculiar engine(s) driving economic growth (human capital investment, R&D activity, or both). The model also explains why in the long term the association between population growth and productivity growth may ultimately be negative when R&D is an engine of economic growth.

scholarly journals NAFTA, Social Unionism, and Labour Movement Power in Canada and the United States

2005 ◽  
Vol 49 (4) ◽  
pp. 657-695 ◽  
Author(s):  
Ian Robinson
Keyword(s):  
United States ◽  
Trade Agreement ◽  
The United States ◽  
Negative Effects ◽  
Labour Movement ◽  
Positive Effects ◽  
The North ◽  
Long Run ◽  
Short Run ◽  
Negative Impacts

This paper considers how the North American Free Trade Agreement (NAFTA) is likely to affect labour movement power in Canada and the United States. The paper is divided into four parts. It first defines the concept of « labour movement power », breaking it down into its component parts. It next considers why we should care about what happens to labour movement power. It then outlines the principal negative and positive effects that the NAFTA is likely to have on labour movement power. Attention is also given to the beneficial consequences that the fight against the NAFTA has already had for the labour movement. It is argued that the NAFTA 's negative impacts are likely to outweight its positive ones in the short run and that the positive effects could substantially outweight its negative effects over the medium to long run. Whether it does will depend upon choices made in the next few years by labour movement leaders and activists.

Millionaires or Job Creators: What Really Happens to Employment Growth When You Stick It to the Rich?

2017 ◽  
Vol 47 (1) ◽  
pp. 112-141
Author(s):  
Ahiteme N. Houndonougbo ◽  
Matthew N. Murray
Keyword(s):  
Employment Growth ◽  
Estimation Methods ◽  
Negative Effects ◽  
Vector Autoregressive ◽  
Positive Effects ◽  
Long Run ◽  
The Us ◽  
Short Run ◽  
The Rich ◽  
Tax Changes

We provide empirical evidence on the consequences of relatively higher tax burdens on the rich for aggregate employment growth using a newly constructed time series for 1947 through 2011 derived from the US Statistics of Income. In response to shifts in the relative federal tax burden toward the rich, we find statistically significant positive effects on employment growth in the short run and some evidence of negative effects on employment growth in the long run. Among our robustness checks, we use the Romer and Romer narrative record analysis to restrict our sample to a period of exclusively exogenous tax changes. The results hold in the restricted sample and are also consistent across alternative specifications and estimation methods, including unrestricted and Bayesian vector autoregressive.

scholarly journals Multi-Factor Crime in Malaysia, 1980 – 2013: Bounds Testing of Level Relationships and Granger Non-Causality Analysis

2018 ◽  
Vol 3 (2) ◽  
pp. 55
Author(s):  
Dullah Mulok ◽  
Mori Kogid ◽  
Rozilee Asid ◽  
Jaratin Lily
Keyword(s):  
Economic Growth ◽  
Causality Analysis ◽  
Bounds Testing ◽  
Negative Effects ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Positive Effects ◽  
Long Run ◽  
Short Run

This study examines the relationship between criminal activities and the multi-macroeconomic factors of economic growth, unemployment, poverty, population and inflation in Malaysia from 1980 to 2013. The ARDL bounds testing of the level relationship was used to establish the long-run relation, and the Toda-Yamamoto Augmented VAR approach was used to test the short-run impact based on partial Granger non-causality analysis. Empirical results suggest that economic growth, inflation, poverty and population are significant factors affecting criminal activities in Malaysia with economic growth and poverty recording positive effects, whereas negative effects were recorded for inflation and population in the long-term. Further investigation using Granger non-causality analysis revealed that only population does Granger caused the criminal activities in the short-run. The findings provide useful information for policymakers to strengthen the existing crime-related policies in order to improve safety and security while maintaining economic sustainability in Malaysia.

Equilibrium and -efficient fertility with increasing returns to population and endogenous mortality

2020 ◽  
Vol 86 (2) ◽  
pp. 157-182
Author(s):  
Robert Tamura ◽  
David Cuberes
Keyword(s):  
Human Capital ◽  
Demographic Transition ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Increasing Returns ◽  
Negative Effects ◽  
Precautionary Demand ◽  
Aggregate Production Function ◽  
Current Fertility ◽  
Demand For Children

AbstractA general equilibrium model that characterizes the gap between optimal and equilibrium fertility and investment in human capital is developed. The aggregate production function exhibits increasing returns to population arising from specialization, but households face a quantity–quality trade-off when choosing their fertility and how much education these children receive. We show that equilibrium fertility is too low and investment per child is too high, in contrast to a current planner who internalizes the externality of current fertility on the next generation's productivity. We next introduce mortality of young adults in the model and assume that households have a precautionary demand for children. Human capital investment lowers next generation mortality. This model endogenously generates a demographic transition but, since households do not internalize the negative effects of human capital on mortality, the equilibrium demographic transition takes place many years later than the efficient solution. We show that ${\rm {\cal A}}$-efficient fertility and human capital investment pair can switch; in high-mortality regimes, ${\rm {\cal A}}$-efficient fertility is lower than equilibrium fertility, and ${\rm {\cal A}}$-efficient human capital investment is higher than equilibrium investment. In the zero mortality regime, however, ${\rm {\cal A}}$-efficient fertility exceeds equilibrium fertility, and ${\rm {\cal A}}$-efficient human capital investment is lower than the equilibrium choice.

Does Energy Constraint Facilitate the Japanese Technical Change?

2013 ◽  
Vol 664 ◽  
pp. 1166-1170 ◽  
Author(s):  
Yu Hong ◽  
Jia Lin Guan ◽  
Hong Wei Su
Keyword(s):  
Technical Change ◽  
Industrial Production ◽  
Energy Costs ◽  
Energy Prices ◽  
Negative Effects ◽  
Export Prices ◽  
Positive Effects ◽  
Long Run ◽  
Causality Tests ◽  
Short Run

This study challenges the traditional wisdom that soaring energy prices exert negative effects upon economic growth. For an industrialized country with very tight energy supply constraints, increasing energy costs may drive the firms to seek for technical change and innovation to compete internationally. Using the Japanese monthly data ranging from 1975 to 2010, this study tests for the assumption of endogenous cost-driven technical change. We identify a long-run equilibrium co-integrating relationship among the Japanese industrial production, energy prices, export volumes and export prices. Although energy prices are negatively associated with Japanese industrial production in static equilibrium, the results of Granger causality tests show that an increase in domestic energy costs has significantly positive effects on Japan’s industrial production as well as on export volumes and prices, in both short-run and long-run. We document that the seemingly paradox strongly suggests an endogenous technological change driven by energy costs in Japan.

scholarly journals Investment in Human Capital and Economic Growth in Jammu and Kashmir: Using a Granger Causality Approach

2019 ◽  
Vol 15 (2) ◽  
pp. 131-140
Author(s):  
Javid Ahmad Khan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Granger Causality ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Domestic Product ◽  
Annual Data ◽  
Jammu And Kashmir ◽  
Long Run ◽  
Per Capita

The study is an empirical investigation of the long-run relationships and the causal links between human capital investment and economic growth in Jammu and Kashmir using the granger causality test on the annual data for the time period 1975-76 to 2011-12. Government expenditure both on education and health are included as proxy variables for human capital investment and state per-capita domestic product as proxy variable for economic growth. The study highlights that in case of expenditure on health and per-capita domestic product their exists bivariate causality while in case of expenditure on education causality runs from expenditure on education to per-capita state domestic product. The findings revealed that increasing expenditures on health and education will improve the state domestic product figures in the long run. The analysis suggested when income of population increases then there would be a definite desire to educate the children. The study recommends that substantial amount of government budgetary allocation should be directed towards the educational and health sector. It is better to provide the citizen with substantial amount of education with good health which in turn will improve their ca[ability to command more goods and services. The study has limitation of including the limited variables in the model and applying the limited methodology.

scholarly journals Sectoral analysis of Human Capital Investment, Labour Productivity and Poverty in Nigeria

2021 ◽  
Vol 1 (2) ◽  
pp. 131
Author(s):  
Aderopo Adediyan ◽  
Osayuwamen Lillian Omorenuwa
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Service Sector ◽  
Negative Impact ◽  
Labour Productivity ◽  
Human Capital Investment ◽  
Labour Productivity Growth ◽  
Industrial Sectors ◽  
First Case ◽  
Short Run

This paper is on the analysis of human capital investment and labour productivity in a situation of a rising incidence of poverty in Nigeria on a sectoral basis between 1986 and 2019. Adopting the Autoregressive Distributive Lag (ARDL) technique, three sectors were considered in the analysis: the agricultural, industrial and service sectors. Key in the results of the study is in two folds. In the first case, there is a direct positive effect of human capital investment on labour productivity, and a direct negative impact of poverty on labour productivity across the three sectors. In the second case, poverty decreases the contribution of human capital investment to labour productivity growth in the agricultural and industrial sectors in the short run only. But there is insufficient evidence on this in the service sector.  

LONGEVITY, RETIREMENT, AND CAPITAL ACCUMULATION IN A RECURSIVE MODEL WITH AN APPLICATION TO MANDATORY RETIREMENT

2009 ◽  
Vol 13 (3) ◽  
pp. 327-348 ◽  
Author(s):  
Jie Zhang ◽  
Junsen Zhang
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Mandatory Retirement ◽  
Retirement Age ◽  
Saving Rate ◽  
Recursive Model ◽  
Investment In Children ◽  
Long Run

This paper explores how retirement timing, together with life-cycle saving and human capital investment in children, responds to rising longevity in a recursive model with altruistic agents. We find that rising longevity raises the retirement age. If initial life expectancy is not too high, rising longevity also raises human capital investment in children and the saving rate. Through these channels, rising longevity can be conducive to long-run economic growth. A binding mandatory retirement age reduces human capital investment and the growth rate, raises the saving rate, and reduces welfare.

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