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Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980. To maintain stable debt to income, this group's consumption-income ratio needed to decline, which did not happen through 2006, and its debt-income ratio rose...
Persistent link: https://www.econbiz.de/10013064683
Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980. To maintain stable debt to income, this group’s consumption-income ratio needed to decline, which did not happen through 2006, and its debt- income ratio rose...
Persistent link: https://www.econbiz.de/10013300012
In this paper we analyse the effects of all sources of the accumulation of nonfinancial debt (household, corporate as well as government) on economic growth in ten euro-area countries during the 1980-2015 period. To this end, we make use of three models (a baseline, an asymmetric and a threshold...
Persistent link: https://www.econbiz.de/10012951846
Using recent cross-country data for over a hundred nations, this paper examines the effects of various disaggregated tourism policy measures on economic growth. Based on standard growth theory, the model uniquely incorporates tourism variables disaggregated across various dimensions of tourism...
Persistent link: https://www.econbiz.de/10013046528
A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
Persistent link: https://www.econbiz.de/10012505150
A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
Persistent link: https://www.econbiz.de/10012803715
Chapter 1. Introduction -- Chapter 2. Status and current issues of studies on life satisfaction -- Chapter 3 …. Relationship between life satisfaction and economic growth -- Chapter 4. Relationship between level of life satisfaction and … absolute and relative income -- Chapter 5. Analysis of determinants of life satisfaction -- Chapter 6. Econometric analysis of …
Persistent link: https://www.econbiz.de/10015192820