Download or read book Long term Growth of the U S Economy written by and published by . This book was released on 2006 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rate of long-term economic growth is the salient measure of the nation's ability to steadily advance its material living standard. The pace of long-term economic growth is likely to be a center of attention in the decades just ahead, as the U.S. economy confronts the need to undertake unprecedentedly large generational transfers of income to pay for the retirement of the huge baby-boom generation as well as large transfers of the rest of the world to meet the debt service costs of the United States' large and still growing foreign debt. For the United States, the long-term growth of real GDP per-capita over the last 125 years has revealed remarkable steadiness, advancing decade after decade with only modest and temporary variation from a trend annual average rate of growth of 1.8%. Overall, the limited variability of the rate of U.S. long-term growth, despite major changes in economic conditions, as well as economic and social policies, suggests that U.S. long-term growth may be governed by forces other than typical economic variables and may not be easy to alter with conventional economic policy. Nevertheless, the evidence of some degree of medium-term variability suggests the possibility of using economic policy to exert some influence. It is important to recognize that even relatively small differences in the rate of economic growth will steadily cumulate to have large effects on the scale of improvement in future living standards. Such an improvement would make the burden of future transfers on workers less onerous. Given a supporting social infrastructure that encourages and enables production of goods and services, economic theory and evidence make it reasonably clear that countries that have achieved sustained long-term growth such as the United States are those that invest a sizable fraction of current income in the accumulation of physical and human capital and have and continue to accumulate large stocks of both. As importantly, they are also economies that have been able to steadily raise the productivity of these two inputs through a steady advance of technical knowledge. There are reasons to believe, despite its evident economic success, that the United States, due to varying degrees of market failure, may under invest in each of the three determinants of economic growth. In theory, correcting that under investment through some form of government intervention could lead to an optimal increase in the rate of accumulation of each determinant, and through that to an acceleration of the economy's rate of economic growth. Knowing that there is the potential for improving on certain market outcomes in one thing. Designing economic policies that will efficiently induce these improvements is another thing. The information shortcoming about what, where, and how much to invest with which the policymaker would have to contend will often be substantial, and greatly raises the risk that the policy will be so bunt and misdirected that it will generate more economic costs than benefits.
Download or read book Policy Determinants of Long term Growth written by Oladeji O. Ojo and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Determinants of Growth written by William Russell Easterly and published by World Bank Publications. This book was released on 1989 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficiency of investment is as important as the level of investment in determining growth performance. Policies that make investment more efficient and reduce distortions in resource allocation generally encourage growth.
Download or read book Key Policies for Addressing the Social Determinants of Health and Health Inequities written by Centers of Disease Control and published by World Health Organization. This book was released on 2017-09-27 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence indicates that actions within four main themes (early child development fair employment and decent work social protection and the living environment) are likely to have the greatest impact on the social determinants of health and health inequities. A systematic search and analysis of recommendations and policy guidelines from intergovernmental organizations and international bodies identified practical policy options for action on social determinants within these four themes. Policy options focused on early childhood education and care; child poverty; investment strategies for an inclusive economy; active labour market programmes; working conditions; social cash transfers; affordable housing; and planning and regulatory mechanisms to improve air quality and mitigate climate change. Applying combinations of these policy options alongside effective governance for health equity should enable WHO European Region Member States to reduce health inequities and synergize efforts to achieve the United Nations Sustainable Development Goals.
Download or read book Long Term Growth of the U S Economy written by Craig K Elwell and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Growth of the U S Economy written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rate of long-term economic growth is the salient measure of the nation's ability to steadily advance its material living standard. The pace of long-term economic growth is likely to be a center of attention in the decades just ahead, as the U.S. economy confronts the need to undertake unprecedentedly large generational transfers of income to pay for the retirement of the huge baby-boom generation as well as large transfers to the rest of the world to meet the debt service costs of the United States' large and still growing foreign debt. For the United States, the long-term growth of real GDP per-capita over the last 125 years has revealed remarkable steadiness, advancing decade after decade with only modest and temporary variation from a trend annual average rate of growth of 1.8%. Overall, the limited variability of the rate of U.S. long-term growth, despite major changes in economic conditions, as well as economic and social policies, suggests that U.S. long-term growth may be governed by forces other than typical economic variables and may not be easy to alter with conventional economic policy. Nevertheless, the evidence of some degree of medium-term variability suggests the possibility of using economic policy to exert some influence. It is important to recognize that even relatively small differences in the rate of economic growth will steadily cumulate to have large effects on the scale of improvement in future living standards. Such an improvement would make the burden of future transfers on workers less onerous. Given a supporting social infrastructure that encourages and enables production of goods and services, economic theory and evidence make it reasonably clear that countries that have achieved sustained long-term growth such as the United States are those that invest a sizable fraction of current income in the accumulation of physical and human capital and have and continue to accumulate large stocks of both. As importantly, they are also economies that have been able to steadily raise the productivity of these two inputs through a steady advance of technical knowledge. There are reasons to believe, despite its evident economic success, that the United States, due to varying degrees of market failure, may under invest in each of the three determinants of economic growth. In theory, correcting that under investment through some form of government intervention could lead to an optimal increase in the rate of accumulation of each determinant, and through that to an acceleration of the economy's rate of economic growth. Knowing that there is the potential for improving on certain market outcomes is one thing. Designing economic policies that will efficiently induce these improvements is another thing. The information shortcoming about what, where, and how much to invest with which the policymaker would have to contend will often be substantial, and greatly raises the risk that the policy will be so blunt and misdirected that it will generate more economic costs than benefits. This report will be updated annually.
Download or read book Policy Determinants of Long term Growth written by and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
Download or read book Economic Growth and Development Policy written by Panagiotis E. Petrakis and published by Springer Nature. This book was released on 2020-07-23 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the theoretical and analytical background necessary to understanding the process of growth and the implementation of economic policies. First, it presents the growth theory landscape and the evolution of growth as well as modern growth theory arguments where the policy implications of the theoretical approaches are set. The book then covers the relationship between policy and growth, discussing not only the growth prototypes that prevail but also their relation to politics and economic policy formation and decision making. In this context, policy formation determinants, as well as the targets, instruments, and policy implementations, are crucial. The role of structural changes and structural reforms and their relationship with economic growth is also analyzed. The book ends with an interdisciplinary study of how institutions and cultural background, entrepreneurship and innovation affect policy formation.
Download or read book Determinants of Economic Growth written by Robert J. Barro and published by MIT Press. This book was released on 1997 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes recent research from hundreds of empirical studies on economic growth across countries that have highlighted the correlation between growth and a variety of variables.
Download or read book Determinants of Growth General and Regional Growth Theory and Evidence written by Marco Alexander Caiza Andresen and published by GRIN Verlag. This book was released on 2007-07 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - Economic Cycle and Growth, grade: 1,7, University of Paderborn (Faculty of Economics, Business Administration and Business Computing ), course: Research and Independent Studies in International Economics, 71 entries in the bibliography, language: English, abstract: The aim of this term paper is to find out what causes economic growth through analyzing determinants of growth in general and of regional growth, both in theory and evidence. The question why some countries grow significantly slower than others has been discussed intensively over the last decades. By thorough study of literature the main determinants will be indicated and similarities and differences between general and regional growth become visible. After a short introduction, in the second chapter the main growth determinants will be presented individually for the general and the regional area, each time also an introduction to the extensive literature (theory and empirics) of the specific area will be given beforehand. In the last chapter a conclusion will be drawn and an answer given to the question on which are the key determinants by comparing them with each other and in how far the results do distinguish on general and regional level.
Download or read book Long Run Economic Growth written by Steven Durlauf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Download or read book Determinants of Democracy written by Robert Joseph Barro and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Long term Economic Development written by Michael Obersteiner and published by . This book was released on 1999 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Download or read book Determinants of Long Term Growth Performance in Developing Countries written by Ichiro Otani and published by . This book was released on 2006 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the growth of population, and the real interest rate on external debt, explains the growth performance of these countries remarkably well. The model also suggests policies that would lead to higher long-run rates of growth.
