"With this structure of the economy, when the economic growth comes from the part of consumption, it is very important to have deep structural reforms, which might change the economic paradigm and would create conditions for a sustainable increase of the productivity," WB expert Marcel Chistruga ...
Which comes first-urbanization or economic growth? Evidence from heterogeneous panel causality tests. Appl. Econ. Lett. 2015, 22, 349-355. [CrossRef]Liddle, B.; Messinis, G. Which comes first--Urbanization or economic growth? Evidence from heterogeneous panel causality tests. Appl. Econ. Lett...
In projecting the future economic damages from climate change, we make use of recent advances in climate econometrics that provide evidence for impacts on sub-national economic growth from numerous components of the distribution of daily temperature and precipitation3,7,8. Using fixed-effects panel re...
China's fast-paced economic growth, vast market and complete industry chain are critical factors that make China an attractive investment destination. Yet China needs to further improve its business environment to attract more foreign investment. To do so, the government has to take measures to ens...
China's exports grew 0.6 percent in 2023, slowing down from a 10.5-percent jump in 2022. As one of the main pillars for sustaining an economy, the possibility of dynamic exports in 2024 comes as good news for China, which is taking action to secure a GDP growth of around 5 percent thi...
The British economy slowed down during the third quarter of the year as widespread supply chain problems hobbled the recovery from the coronavirus pandemic. By Associated Press | Nov. 11, 2021, at 6:22 a.m. Save More UK Economic Growth Held Back by Supply Chain Problems More ...
scenario: In a given year, say that the average American works 44 productive hours a week. Then, in the same year, Congress passes a law requiring all workers to work 50 hours a week. The GDP in the future will most likely be greater. But does this constitute real economic growth?
Economic growth, however, comes into the picture indirectly as high GDP increases the survival probability, probably as a result of improvements in economic and social conditions. Similarly, we find that while female education does predict decreases in fertility, child mortality remains a better ...
Strictly speaking, this means that in Russia the most exploited energy sources are fossil fuels: when energy consumption grows, supply meets this demand by increasing production from mainly fossil fuels; however, the relationship between energy consumption and GDP growth is not strictly relevant, so ...
In the last century, the village pursued economic growth through mining. Villagers became prosperous but found themselves in a poor ecological environment, as mountains were hollowed, waters tainted, and the air fouled. Later, the village learned from its mistakes, closed down its mines, and embar...