scholarly journals Human Physiological Development and Economic Growth

Author(s):  
Carl-Johan Dalgaard ◽  
Holger Strulik

This chapter elaborates on the microeconomics of the income–health nexus and incorporates fertility decisions. It examines the trade-off between the number of offspring and the health investments in those offspring, as reflected by body size, thereby providing a new interpretation of the quantity–quality trade-off in a health context. A key insight from this study is that demographic change is essential to understanding the preindustrial growth record as well as the (relative) timing of the take-off to sustained growth. The major motivation for this effort is existing evidence, which largely is found in the fields of biology and physical anthropology, that humans (and other mammals) face a fundamental trade-off between size of offspring and number of offspring.

1995 ◽  
Vol 27 (5) ◽  
pp. 781-791 ◽  
Author(s):  
O Izraeli ◽  
L Mobley

In this paper it is shown that there is no support in economic theory for the suggested trade-off between jobs and the environment. Moreover, improved environmental quality may accelerate economic growth via improved health and productivity of workers, lower maintenance costs, and enhanced productivity of capital inputs. Also, empirical evidence is presented on the preference of the general public regarding environmental quality. The empirical evidence indicates that people are ready to trade part of their income for improved environmental quality.


2018 ◽  
Vol 51 (3) ◽  
pp. 598-616 ◽  
Author(s):  
Jaewoo Cho ◽  
Jae Hong Kim ◽  
Yonsu Kim

While much scholarly attention has been paid to ways in which metropolitan areas are politically structured and operated to achieve a dual goal, economic growth, and equality, relatively less is known about the complex relationship between metropolitan governance structures and growth–inequality dynamics. This study investigates how and to what extent metropolitan governance structures shape regional economic growth and inequality trajectories using data for 267 US metropolitan areas from 1990 to 2010. Findings from a two-stage least squares regression analysis suggest that economic growth is associated with governance structures in a nonlinear fashion, with relatively more rapid growth rates in both highly centralized and decentralized metropolitan areas. However, these regions are also found to experience a larger increase in income inequality, indicating an important trade-off to be considered carefully in exploring ways to reform existing governance settings. These findings further suggest that the so-called growth–inequality trade-off may exist not only in their direct interactions but through their connections via governance or other variables.


1995 ◽  
Vol 55 (3) ◽  
pp. 679-682
Author(s):  
E. L. Jones

Every so often a maverick knight sets off into the dark forest looking for the Holy Grail of “why isn’t the whole world developed?” In this book, which has the heavy bibliographical armor of the genre and 40 pages of appendices too, John Powelson reports on his quest. He claims to have found in a concept called “power diffusion” a significant part of the answer to two related questions: why did the modem economy first appear in northwestern Europe and Japan, and what characteristics of those regions account for their ability to sustain economic growth? Growth is to him the serendipitous outcome of seemingly unconnected events, and he defines sustained growth as that which lasts a century or more.


2011 ◽  
Vol 89 (2) ◽  
pp. 90-99 ◽  
Author(s):  
James D. Gardiner ◽  
Jonathan R. Codd ◽  
Robert L. Nudds

Most studies relating bat morphology to flight ecology have concentrated on the wing membrane. Here, canonical variance analysis showed that the ear and tail morphologies of bats also strongly relate to foraging strategy, which in turn is correlated with flight style. Variations in tail membrane morphology are likely to be a trade-off between increases in the mechanical cost of flight and improvements in foraging and flight performance. Flying with large ears is also potentially energetically expensive, particularly at high flight speeds. Large ears, therefore, are only likely to be affordable for slow foraging gleaning bat species. Bats with faster foraging flight styles tend to have smaller ears, possibly to cut the overall drag produced and reduce the power required for flight. Variations in the size of ears and tail membranes appear to be driven primarily by foraging strategy and not by body size, because the scaling relationships found are either weak or not significant. Ear size in bats may be a result of a trade-off between acoustic and aerodynamic performance.


2016 ◽  
Vol 21 (Special Edition) ◽  
pp. 33-63 ◽  
Author(s):  
Rashid Amjad ◽  
Namra Awais

This paper reviews Pakistan’s productivity performance over the last 35 years (1980–2015) and identifies factors that help explain the declining trend in labor productivity and total factor productivity (TFP), both of which could have served as major drivers of productivity growth – as happened in East Asia and more recently in India. A key finding is that the maximum TFP gains and their contribution to economic growth are realized during periods of high-output growth. The lack of sustained growth and low and declining levels of investment appear to be the most important causes of the low contribution of TFP to productivity growth, which has now reached levels that should be of major concern to policymakers vis-à-vis Pakistan’s growth prospects.


2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Omer Allagabo Omer Mustafa

The relationship between wage inflation and unemployment (Phillips Curve) is controversial in economic thought, and the controversy is centered around whether there is always a trade-off or not. If this relationship is negative it is called The short-run Fillips Curve. However, in the long run, this relationship may probable not exist. The matter of how inflation and unemployment influence economic growth, is debatably among macroeconomic policymakers. This study examines the behavior of the Phillips Curve in Sudan and its effect on economic growth.


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