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In this chapter both theory and empirics are used to show that our picture of the processes of economic development changes radically when nature is introduced as a capital asset. Particular features of institutions that fashion societies' use of the natural-resource base are identified and...
Persistent link: https://www.econbiz.de/10014025728
Persistent link: https://www.econbiz.de/10011758267
In explaining individual happiness, economists have largely emphasized the hedonic, utilitarian, material, and tangible … recent research which draws on both psychology and Buddhist thought in order to understand individual happiness. The purpose … of this paper is to contribute to an understanding of enduring happiness that integrates these different approaches. To …
Persistent link: https://www.econbiz.de/10014183614
Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the ‘Easterlin paradox’, this paper seeks a compromise between two positions: one that insists on individual relative...
Persistent link: https://www.econbiz.de/10011869166
Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the 'Easterlin paradox', this paper seeks a compromise between two positions: one that insists on individual relative...
Persistent link: https://www.econbiz.de/10011774470
This paper explains why people’s subjective well-being (SWB) fails to adapt to unemployment, even though people adapt to various life events. Although the unemployed downgrade their living standard when they enter into unemployment, their income is not sufficient to maintain their living. In...
Persistent link: https://www.econbiz.de/10014106410
The historical fertility transition is the process by which much of Europe and North America went from high to low fertility in the nineteenth and early twentieth centuries. This transformation is central to recent accounts of long-run economic growth. Prior to the transition, women bore as many...
Persistent link: https://www.econbiz.de/10008664560
Productivity is a most important determinant of national wealth and standards of living. Scholars have shown that different welfare production regimes pursue distinct human capital formation policies to promote productivity. But do those government policies actually promote the productivity of...
Persistent link: https://www.econbiz.de/10014168510
Purpose – The purpose of this paper is to provide a conceptual framework on the relationship between corruption and development. The paper demonstrates how the impact of corruption on economic development (ED) might vary substantially from sustainable development (SD)....
Persistent link: https://www.econbiz.de/10012984977
The paper proposes a simple framework for the evaluation of anti-poverty programs based on single means differences, FGT poverty measures and stochastic dominance theory. A Treatment Effect Curve (TEC) is derived and its use illustrated with simulated data
Persistent link: https://www.econbiz.de/10013148313