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ACC Journal ◽  
2021 ◽  
Vol 27 (2) ◽  
pp. 44-55
Author(s):  
Benedikt Frank

This article shows the economic impact of mental illness, as well as various cost-estimating approaches. To assess the burden of mental diseases, there are three different ways: the human capital, the economic growth and the value of statistical life approach. The first focuses on indirect and direct costs. Moreover, the effect of mental illness on economic development can only be approximated implicitly. Thus, the lack of production is primary estimated for somatic conditions compared to their corresponding quantity of disability-adjusted life years (DALYs). The total economic productivity drop associated with mental illnesses between 2011 and 2030 is rated to be US$16.3 trillion globally. Furthermore, the value of statistical life (VSL) method suggests that trade-offs between risks and capital should be used to assess the probability of injury or death due to psychiatric illness. This computation is equivalent to that of cardiovascular disease and bigger than that of cancer. However, greater activism is required to better the existing condition.


Processes ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 65
Author(s):  
Mumtaz Ahmed ◽  
Muhammad Irfan ◽  
Abdelrhman Meero ◽  
Maryam Tariq ◽  
Ubaldo Comite ◽  
...  

In the recent past, the world in general and Pakistan in particular faced a drastic fuel price change, affecting the economic productivity of the country. This has drawn the attention of empirical researchers to analyze the abrupt change in fuel prices. This study takes a lead and investigates for the first time, in the literature related to Pakistan, the presence of multiple fuel price bubbles, with the purpose of knowing if the price driver is due to demand or it is exuberant consumer behavior that prevails and contributes to a sudden boom in fuel price series. The empirical analysis is performed through a recently proposed state-of-the-art generalized sup ADF (GSADF) approach on six commonly used fuel price series, namely, LDO (light diesel oil), HSD (high-speed diesel), petrol, natural gas, kerosene, and MS (motor spirit). The bubble analysis for each of the six fuel price series is based on monthly data from July 2005 to August 2020. The findings provide evidence of the existence of multiple bubbles in all series considered. Specifically, four bubbles are detected in each of the kerosene and natural gas price series, whereas three bubbles are noted in each of the HSD, LDO, petrol and MS price series. The maximum duration of occurrence of bubbles is of 12 months for kerosene. The date-stamping of the bubbles shows that the financial crisis of 2008 contributed to the emergence of bubbles that pushed oil prices upward and caused a depreciation in the national currency.


2021 ◽  
Vol 19 ◽  
Author(s):  
Normah Abdul Latip ◽  
Rehmat Karim ◽  
Mastura Jaafar ◽  
Azizan Marzuki ◽  
Abdul Ghafar Ahmad ◽  
...  

National parks serve as rural ecotourism attractions, the management of which must strike a balance between economic productivity and the protection of the park’s natural value. Faced with the increased pressure of rising visitor numbers park management must give greater consideration to the tourist experience and tourist satisfaction. This paper examines the relationship between park management, tourist satisfaction, and environmental issues. Moreover, this paper considers the mediating role of environmental issues on the relationship between park management and tourist satisfaction. A questionnaire survey was administered to visitors of Malaysia’s Kinabalu National Park. In total, 351 completed questionnaires were returned and Partial Least Squares-Structural Equation Modelling (PLS-SEM) was used to analyze the resultant data using SmartPLS 2.0. The results showed that park management has a strong effect on tourist satisfaction and environmental issues. The results also revealed that environmental issues play a mediating role in the relationship between park management and tourist satisfaction.


Author(s):  
Andrew Macnab ◽  

Malaria is an example of an infectious disease which if not diagnosed appropriately and treated promptly can devastate the life of a child. Globally it also has a major impact on quality of life, educational potential, and economic productivity, particularly in resource-poor settings.


2021 ◽  
Author(s):  
Chris Leishman ◽  
Nicole Gurran ◽  
Amity James ◽  
Christian Nygaard

This Inquiry final research report investigates agglomeration economies and their ability to alter the economic productivity of cities, together with what are the key drivers of population growth and mobility in Australia.


Atmosphere ◽  
2021 ◽  
Vol 12 (12) ◽  
pp. 1644
Author(s):  
Haroon ur Rashid Khan ◽  
Shujaat Abbas ◽  
Muhammad Khalid Anser ◽  
Abdelmohsen A. Nassani ◽  
Mohamed Haffar ◽  
...  

The defense and peace literature have focused mainly on the military-growth nexus, with little attention paid to the environmental sustainability agenda, which is impacted by increased global arms transfers. The supply of lead-containing ammunition generates complex gas mixtures (including CO2 emissions) and particulates that harm the healthcare sustainability agenda. Based on the significance of the subject matter, the study uses the Indian economy as a case study, with a significant rate of arms transfers associated with higher carbon emissions. The study analyzed data from more than four decades, from 1975 to 2020. Data on arms imports, military personnel, and military expenditures are used to evaluate the ‘ammunition emissions function’. It corresponds to the three research hypotheses, namely, the ‘emissions-defense burden hypothesis’ (arms transfers increase carbon emissions), the ‘emissions-cleaner hypothesis’ (arms transfers reduce carbon emissions), and the ‘emissions-asymmetric hypothesis’ (positive and negative shocks of arms transfers either support the ‘defense burden hypothesis’ or ‘cleaner hypothesis’). The non-linear autoregressive distributed lag (NARDL) results confirmed the ’emissions-defense burden hypothesis‘ in the long run, as positive and negative shocks from arms imports increase carbon emissions. However, in the short run, positive arms imports increase carbon emissions while negative arms imports decrease carbon emissions. Furthermore, the findings supported the ’emissions-cleaner hypothesis‘ in the relationship between armed forces personnel and carbon emissions. The findings imply that the positive and negative shocks experienced by armed forces personnel reduce carbon emissions in the short and long run. Positive shocks to military spending support the ’emissions-defense burden hypothesis‘ in the short run; however, the results vanished when negative shocks to military spending supported the ’emissions-spillover hypothesis‘ (lowering military spending reduces carbon emissions and increases economic productivity) in the short and long run. The country’s unsustainable economic activities are viewed as a negative factor contributing to long-term carbon emissions increases. The negative shocks of armed forces personnel and positive arms imports would almost certainly have a significant long-term impact on carbon emissions. As a result, the ‘treadmill theory of destruction’ has been confirmed in a country. The study concludes that lead-free ammunition and managing ammunition safety are beneficial to a country’s environmental sustainability agenda.


Author(s):  
Jing Fan ◽  
Hironori Kato ◽  
Zhongzhong Yang ◽  
Ye Li

This paper reviews the historical evolution of China’s high-speed railway (HSR) network, evaluates improvements in accessibility, and analyzes the associations of improved accessibility with regional economic productivity, given regional heterogeneity. Three accessibility indicators were considered: average travel time to all prefectural level regions (ATT), average travel time to important cities (ATI), and daily accessible prefectural level regions. These indicators were used to quantify the development of the HSR network during two periods, from 2007 to 2012 and 2012 to 2018. First, the results revealed that, in the first period, the accessibility indicators of the east region improved the most, whereas in the second period, the west significantly improved. We subsequently analyzed the economic productivity and -equilibrium of the urban agglomerations affected by introducing the HSR. Those results suggested that the Triangle of Central China, Chengdu-Chongqing, and Central Guizhou urban agglomerations performed well as the HSR developed. The linkages between regional economic productivity and accessibility improvement were then measured using a multivariable regression with panel data. The results showed that the reduction of ATT and ATI significantly positively contributed to economic productivity at different geographical scales in China. Furthermore, ATT had a larger effect in the northeast and central regions, whereas ATI had a larger effect on the northeast and west regions.


2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 767-767
Author(s):  
Samuel Van Vleet ◽  
Abigail Helsinger ◽  
Phyllis Cummins

Abstract Societal social trust has been shown to be related to economic growth and equality. Low levels of social trust are especially consequential in aging societies and can result in low levels of social capital and greater inequality at older ages. Nordic countries are known for their greater social trust, access to education, economic productivity, and social equality. To better understand social trust promoters, we explored data from the 2012/2014 Program for the International Assessment of Adult Competencies (PIAAC) to examine relationships among social trust, basic skills (i.e., literacy), and non-formal education (NFE) participation for adults ages 45 to 65, in the U.S., Denmark, Finland, Norway, and Sweden. Additionally, through 19 key informant interviews and a review of the literature, we investigated the structure and availability of NFE across the five nations. As compared to the U.S., adults ages 45 - 65 in Nordic countries have higher levels of social trust (all Nordic countries; p < 0.001), lower rates of poor literacy skills (Finland, Norway, and Sweden; p <.001), greater rates of participation in NFE (Denmark and Sweden; p < 0.05). Through the availability of NFE, such as folk high schools and learning circles in Nordic countries, adults can participate in NFE at little or no cost. Similar programs are not available in the U.S. This research informs policy and practice for the provision of NFE, which is critical to increase levels of social trust, and in turn, to promote economic development, social equality and positive aging in the U.S.


PLoS Medicine ◽  
2021 ◽  
Vol 18 (11) ◽  
pp. e1003848
Author(s):  
Tony Blakely ◽  
Finn Sigglekow ◽  
Muhammad Irfan ◽  
Anja Mizdrak ◽  
Joseph Dieleman ◽  
...  

Background Reducing disease can maintain personal individual income and improve societal economic productivity. However, estimates of income loss for multiple diseases simultaneously with thorough adjustment for confounding are lacking, to our knowledge. We estimate individual-level income loss for 40 conditions simultaneously by phase of diagnosis, and the total income loss at the population level (a function of how common the disease is and the individual-level income loss if one has the disease). Methods and findings We used linked health tax data for New Zealand as a high-income country case study, from 2006 to 2007 to 2015 to 2016 for 25- to 64-year-olds (22.5 million person-years). Fixed effects regression was used to estimate within-individual income loss by disease, and cause-deletion methods to estimate economic productivity loss at the population level. Income loss in the year of diagnosis was highest for dementia for both men (US$8,882; 95% CI $6,709 to $11,056) and women ($7,103; $5,499 to $8,707). Mental illness also had high income losses in the year of diagnosis (average of about $5,300 per year for males and $4,100 per year for females, for 4 subcategories of: depression and anxiety; alcohol related; schizophrenia; and other). Similar patterns were evident for prevalent years of diagnosis. For the last year of life, cancers tended to have the highest income losses, (e.g., colorectal cancer males: $17,786, 95% CI $15,555 to $20,018; females: $14,192, $12,357 to $16,026). The combined annual income loss from all diseases among 25- to 64-year-olds was US$2.72 billion or 4.3% of total income. Diseases contributing more than 4% of total disease-related income loss were mental illness (30.0%), cardiovascular disease (15.6%), musculoskeletal (13.7%), endocrine (8.9%), gastrointestinal (7.4%), neurological (6.5%), and cancer (4.5%). The limitations of this study include residual biases that may overestimate the effect of disease on income loss, such as unmeasured time-varying confounding (e.g., divorce leading to both depression and income loss) and reverse causation (e.g., income loss leading to depression). Conversely, there may also be offsetting underestimation biases, such as income loss in the prodromal phase before diagnosis that is misclassified to “healthy” person time. Conclusions In this longitudinal study, we found that income loss varies considerably by disease. Nevertheless, mental illness, cardiovascular, and musculoskeletal diseases stand out as likely major causes of economic productivity loss, suggesting that they should be prioritised in prevention programmes.


2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Demetris Avraam ◽  
Nick Obradovich ◽  
Niccolò Pescetelli ◽  
Manuel Cebrian ◽  
Alex Rutherford

AbstractPolicymakers commonly employ non-pharmaceutical interventions to reduce the scale and severity of pandemics. Of non-pharmaceutical interventions, physical distancing policies—designed to reduce person-to-person pathogenic spread – have risen to recent prominence. In particular, stay-at-home policies of the sort widely implemented around the globe in response to the COVID-19 pandemic have proven to be markedly effective at slowing pandemic growth. However, such blunt policy instruments, while effective, produce numerous unintended consequences, including potentially dramatic reductions in economic productivity. In this study, we develop methods to investigate the potential to simultaneously contain pandemic spread while also minimizing economic disruptions. We do so by incorporating both occupational and contact network information contained within an urban environment, information that is commonly excluded from typical pandemic control policy design. The results of our methods suggest that large gains in both economic productivity and pandemic control might be had by the incorporation and consideration of simple-to-measure characteristics of the occupational contact network. We find evidence that more sophisticated, and more privacy invasive, measures of this network do not drastically increase performance.


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