We compare the estimated effects of health in a macroeconomic production function model of economic growth with the effects that are found using calibration based on wage regressions. We allow for gradual adjustment in income level towards the steady state which means that both the level and growth of inputs can affect economic growth. We find that the estimated macroeconomic effects of health ...

We examine the determinants of environmental quality by using carbon dioxide emission levels as a proxy for environmental degradation. Our confirmatory, but different approach to analyzing Environmental Kuznets Curve (EKC) patterns in the data yield results that do not always agree with those found in the literature, which itself has no conclusive answer as to whether an EKC exists. We find tha...

Motivated by Feder’s two-sector model concerning exports and growth, this article intends to propose a dynamic framework, which bases on the production function theory and consists of two versions of the two-sector (the financial sector and the real sector) model, for analyzing the interrelation between financial development and economic growth in terms of intersectoral externalities. The appro...

We use latent class analysis to categorize development experiences. This technique allows us to consider a broad range of country characteristics including per capita income growth, health, inequality, environmental performance, and life satisfaction. We show that each of these indicators is important in explaining the classifications based on the quality of growth. We then predict membership i...

China has a huge population. Now, it is facing a more complex trend of population change than the one in the 20th century. Population issue is the key factor restricting China’s development. As further slowing-down population growth, improving population quality, developing human resources, and properly solving the issue of population with overall consideration have become the key factor promot...