This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for thirteen OECD countries over the last two centuries, for relationship between life expectancy and both total GDP and GDP per capita was found for all of the countries estimated. The relationships have a significant influence on both total GDP and GPD per capita in most of the coun...

D uring the last 30 years, the fi nancial services sector has grown enormously. This growth is apparent whether one measures the fi nancial sector by its share of GDP, by the quantity of fi nancial assets, by employment, or by average wages. At its peak in 2006, the fi nancial services sector contributed 8.3 percent to US GDP, compared to 4.9 percent in 1980 and 2.8 percent in 1950. The contrib...

The global pandemic, COVID-19, has exacerbated the Gross Domestic Product (GDP) growth of economy since its outbreak in December 2019. One most affected economies, due to is US economy, currently crippled by an increased number COVID-19 related deaths, layoffs, reduced work hours, and other natural disasters, such as winter storms. Hence, it imperative that damage done GDP evaluated meticulousl...

achieving to sustainable development requires high attention to environmental problems so in this head line, examining the relation between economic growth and environment quality gives us an outlook of optimum economic development. for this purpose, different development programs were investigated. variables used in this model were propagation co2 per capita (as a proxy of pollution ), gdp per...

What Buys Happiness? Analyzing Trends in Subjective Well-Being in 15 European Countries, 1973-2002 Trends in life satisfaction are examined across 15 European countries employing a modified version of Kendall’s Tau. Analyses show that GDP growth relative to growth in the preceding period is a significant determinant of the trends; the same holds for the growth in life expectancy while the conte...

Although gross domestic product (GDP) is not intended to be a measure of societal welfare, it is often used as such. One shortcoming as a welfare measure is that it fails to account for the non-marketed value of natural resource flows. The difference between societal welfare and GDP is labelled the ‘welfare gap’. A model that accounts for both market and non-market income flows from natural cap...

T he pace and scale of China’s economic transformation have no historical precedent. In 1978, China was one of the poorest countries in the world. The real per capita GDP in China was only one-fortieth of the U.S. level and one-tenth the Brazilian level. Since then, China’s real per capita GDP has grown at an average rate exceeding 8 percent per year. As a result, China’s real per capita GDP is...

What is the information content of news-based measures of sentiment? How are they related to aggregate economic fluctuations? I construct a sentiment index by measuring the net amount of positive expressions in the corpus of Economic news articles produced by Reuters over the period 1987 2013 and across 12 countries. The index successfully tracks fluctuations in Gross Domestic Product (GDP) at ...