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The Baumol effect predicts declining economic growth. In his original paper on the cost disease, Baumol argued that in the long run the cost disease implies a reduction in aggregate productivity growth and correspondingly a reduction in economic growth. [9] This follows straightforwardly from the labor distribution effects of the cost disease ...
Women's social capital, gender roles, psychological stress, social resources, healthcare, and behavior form the social, economic, and cultural effects on health outcomes. [3] Also, women facing financial difficulty are more likely to report chronic conditions of health, [16] which occurs often in the lives of the impoverished. Socioeconomic ...
The relationship between health and economic growth is further nuanced by distinguishing the influence of specific diseases on GDP per capita from that of aggregate measures of health, such as life expectancy [63] Thus, investing in health is warranted both from the growth and equity perspectives, given the important role played by health in ...
The table below shows that historically, for every major region of the world, both of these have been positive. This explains the enormous economic growth around the world brought on by the industrial revolution. However, the two columns on the right also show that, for every region, population growth in the future will decline and, in some ...
An economic impact analysis only covers specific types of economic activity. Some social impacts that affect a region's quality of life, such as safety and pollution, may be analyzed as part of a social impact assessment, but not an economic impact analysis, even if the economic value of those factors could be quantified. [2]
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative affects, well-being, [1] life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health.
Citi analysts forecast 19% earnings growth for the healthcare sector in 2025, up from 4% this year. The analysts point to the stocks' right-sized valuations and a potential improvement in ...
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...