Does income inequality cause decreased economic growth?

Environmental Economics

' One of Reich's basic premises in Inequality for All is that income inequality causes decreased economic growth.  then we should see a negative correlation between measures of income inequality and income growth.    That is, as income becomes less equal, income growth should slow down.    So I decided to look at the correlation between the Gini coefficient in year X and GDP growth in years X+1, X+2, X+3,,X+10.

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Five myths about economic growth

Green (Living) Review

Love it – there are so few organisations pointing out the insanity of the quest for perpetual growth (image: [link] ). It’s economic To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental. Yet if we look around and reflect a bit, doesn’t it seem like all that economic activity is pulling the Big Rug out from the grandkids at large? Growth was probably economic for much of American history.

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10 Effective Email Marketing Growth Hacks

Green Prophet

American consumers are more concerned about the planet than steady economic growth, new report. We have compiled a list of 10 effective email marketing growth hacks to ensure the email marketing campaign you design brings in the results you want. .

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Fake economic growth

Green (Living) Review

In the economic statistics, however, those cars show up as sales of new vehicles and thus create a fake economic growth and also a fake GDP for the countries where those cars have been made and registered. To have things produced, whether cars or other, to simply scrap then as they cannot be sold as people do not have the money to buy them and as too many are made just does not make economic sense, on its own.

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Common Resources: Economic Growth and Carbon Taxes

Environmental Economics

Ray Kopp:  I believe it’s time to end the discussion of the impact a carbon tax would have on US economic growth. A new study by scholars at RFF shows that a substantial, broad-based, revenue-neutral tax on carbon dioxide emissions would have imperceptible effects on macroeconomic growth as measured by GDP. My hunch was right, at least in the RFF-modeled-the-effect-and-supported-my-assertion kind of right, and you know I like to be right.

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The obsession with economic growth

Green (Living) Review

by Michael Smith (Veshengro) Governments all over the world, bar in the tiny Himalayan state of Bhutan, are obsessed, literally, with economic growth but not in order that people can have a better life and way of life but because it determines the general domestic product (GDP) of a country and with it and through it a nation''s credit status and credit worthiness. This obsession with growth goes even so far as to creating a fake growth in that industry keeps producing.

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Renewable energy will not support economic growth

Green (Living) Review

by Michael Smith (Veshengro) Renewable energy will not and cannot support perpetual economic growth, the way we have been doing it for so long, for too long, in fact. But unless we plan for the post-growth renewable future, and do this now, existing economic institutions may tend to shatter rather than adapt smoothly.

The fairytale of green economic growth

Green (Living) Review

by Michael Smith (Veshengro) Politicians, industry and media are telling us for decades the fairytale of green economic growth and sustainable consumption and many believe in this myth all to eagerly. All in the name of “economic growth” and now we are being presented with the fairytale of “green economic growth” as the greatest thing since sliced bread (not that sliced bread is actually such a great thing).

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"Misleading Talk about Decoupling CO2 Emissions and Economic Growth"

Environmental Economics

Is it the steady state ecological economists ("We should encourage our public bodies, to adopt an economic policy that rejects the endless pursuit of aggregate growth") or the folks who that that a technological solution exists such that GDP increases and CO2 emissions goes down?   In this case, economic growth might be accompanied by no change in CO 2 emissions.    In this case, economic growth might be accompanied by reduced CO 2 emissions. 

‘Limits to Growth’ vindicated: World headed towards economic, environmental collapse

Green (Living) Review

Researchers from the Melbourne Sustainable Society Institute (MSSI) at the University of Melbourne used data from the last 40 years to compare to predictions made by the authors of the 1972 book “ Limits to Growth.” They plotted the data alongside the ‘Limits to Growth’ scenarios. The dotted line shows the Limits to Growth “business-as-usual” scenario out to 2100. economic growth green living Limits to Growth

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The madness of perpetual growth on a finite planet

Green (Living) Review

by Michael Smith (Veshengro) It is amazing how many, apparently same, people believe that you can have infinite perpetual economic growth on a finite Planet such as ours. Perpetual economic growth and its cousin, limitless technological expansion, are notions and beliefs so deeply and firmly held by so many in this culture that they often go entirely unquestioned. economic growth economics expansion green living growth politics

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Thirsty Thursday beer post: the effect of beer consumption on economic growth

Environmental Economics

Resul Cesur and Inas Rashad Kelly in Economic Inquiry : Few studies explore the linkages between health behaviors and macroeconomic outcomes. This study uses 1971–2007 state-level data from the United States to estimate the impact of beer consumption on economic growth. We document that beer consumption has negative effects on economic growth measures once the endogeneity of beer consumption is addressed. Yes, beer does make Homer less productive.

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What’s More Important… Economic Growth or Sustainability?

Green (Living) Review

Think about the challenges the planet earth and all of its inhabitants have faced since the growth of modern human civilization. With economic growth comes destruction of one world and the development of another. Will the shelves still be stocked in our stores, will businesses even be able to stay in business under a system entirely based on economic growth and profit margins? What’s more important… Economic Growth or Sustainability ?

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Sustainable Economic Growth and a finite Planet

Green (Living) Review

by Michael Smith (Veshengro) Considering that the Earth is finite, it can't grow, and so are all of her mineral resources, which don't regrow either, talking about sustainable and growth in the same breath is an oxymoron and a fallacy. Sustainable economic growth is not possible as more and more growth is NOT sustainable regardless of what the powers that be try to claim. A finite Planet means that sustainable economic growth cannot be.

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Climate after Growth – Book Review

Green (Living) Review

Review by Michael Smith (Veshengro) Climate after Growth by Asher Miller & Rob Hopkins A Report published 2013 by Post Carbon Institute and Transition Network 27 Pages A4 PDF Downloadable free a Post Carbon Institute ( [link] ) This report states what I have been saying as well, and that for years already, namely that simply replacing fossil fuels with renewables is not going to work, however nice this would be. climate Climate after Growth economy green living post-carbon

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Do "neoclassical economists regard population growth as necessary for per capita growth in gross domestic product over the long term"?

Environmental Economics

Bob Hughes, American Fisheries Society president writes : "Population growth is a component of economic growth, determining it's natural rate (Harrod 1939). In addition, neoclassical economists regard population growth as necessary for per capita growth in gross domestic product over the long term (Romer 1990; Jones 1998). knowledge, education) is necessary for economic growth but population is not (here is the pdf ).

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Clean tech is better for economic growth than fossil fuels (take that, Big Oil!)

Green (Living) Review

Anti-greens often try to make economic arguments against the big spring-cleaning that our civilization is going through. Not every bet can be a winner, but on average, clean technologies are good for economic growth thanks to an effect called "knowledge spillover", says a recent study coming out of the Business School of the Imperial College in London, UK.

The Conservative Bias in Economics?

Environmental Economics

Mark Thoma on "the conservative bias in economics": I have a new column: Yes, Nick Kristof, There Is a Conservative Bias in Economics : Nicholas Kristof recent reignited  the debate over liberal bias in academia with his claim that “universities risk becoming liberal echo chambers and hostile environments for conservatives.” What is needed is for public opinion to be tethered to the mainstream of economics

Leading Commercial Agency MOT Models predicts UK Economic Growth Slowing at Year End

Green (Living) Review

by Michael Smith (Veshengro) UK economic growth will have slowed down to a rate of somewhere between 1.5 Managing Director Mike Illes is able to extrapolate an analysis of the UK’s economic growth performance through his study of the number and types of commercial model inquiries and the level of castings and bookings. At the end of Q1, we predicted a 2.5-3% growth in the UK economy in 2014.

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Ecological Conference in Istanbul Questions Wisdom of Rapid Economic Growth

Green Prophet

Today is the last day of the 9th International Conference of the European Society for Ecological Economics, which was held in Istanbul this year. A recurring theme at the conference was the true cost of economic growth. Per capita, Turks consume approximately two-thirds as many resources as the average European, yet the standard of living in Turkey compares favorably with some European societies that are more economically developed.

Paul Krugman and The Tortoise: Why the Limits to Growth Are Real

Green (Living) Review

Paul Krugman seems to have created some kind of a similar paradox with a recent New York Time s article (“ Slow Steaming and the Limits to Growth ”) where he sets out to demonstrate that the world''s gross domestic product (GDP) can continue growing even while reducing energy production. So, it is possible to maintain a constant economic throughput while reducing the input of energy to the system. economic growth green living

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West Bank and Gaza’s Economic Growth Isn’t Sustainable

Green Prophet

USAID billboard in Ramallah graffiti-ed with words “We Don’t Need Your Aid” but according to latest World Bank report, growth in the West Bank and Gaza is dependent on aid donors. The posters and signs seems to be everywhere and although the fragile economies of the West Bank and Gaza are finally showing some signs of growth and development, the questions remains: how sustainable can growth funded by aid donors really be?

Wolfgang Sachs on sustainable development vs economic growth

Green Blog

German scholar Wolfgang Sachs talked about sustainable development versus economic growth in Copenhagen on invitation by The Ecological Council , The European Environment Agency and the Danish newspaper Information. Focussing on growth, the efficiency paradox, green investments, sufficiency and commons here are a selection of quotes and notes. Growth. Growth [.] The idea of permanent economic growth is an offspring of the fossil age.”.

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An economic conundrum

Environmental Economics

So I read page 2 (and no more) of the NYTimes story John pointed to this morning (John read page 1) and it raises an interesting economic puzzle for environmental advocates: Simple economics suggests that if the nation is producing more energy, prices should be falling. So the question becomes, what is the value of environmental preservation relative to economic growth

Video: President Iowa Promotes Wind Energy for Economic Growth

Wind Power Ninja

President Obama was gave a speech today on the importance of green energy opportunities as a crucial component for economic growth in rural America and described the current unemployment situation as a “silent crisis.”. Wind power was at the forefront of the speech as he delivered it at the Siemens Wind Turbine Blade Manufacturing Plant in Fort Madison, Iowa.

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When Can Sustainability Drive Business Growth?

Nature Conservancy - Science

Sustainability and business growth don’t usually get talked about together. But an increasing number of businesses see sustainability as a key to generating value in the face of social, economic, and environmental change. Johnson Controls—inventor of the thermostat—is contributing to growth in the green building market. With these examples and more, there is increasing evidence that sustainability can be a driver of business growth.

On my reading list: "The Economic Impacts of Climate Change"

Environmental Economics

Abstract:  This article reviews the economic impacts of climate change and the policy implications of the results. Although climate change may affect the growth rate of the global economy and may trap more people in poverty, quantification of these impacts remains difficult. Richard S J Tol; The Economic Impacts of Climate Change, Review of Environmental Economics and Policy, [link

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Qualitative Growth

The Green Changemakers

coauthored with Hazel Henderson, posted September 2009 A conceptual framework for finding solutions to our current crisis that are economically sound, ecologically sustainable, and socially just © 2009 Fritjof Capra, © 2009 Hazel Henderson; published by the Institute of Chartered Accountants in England & Wales as part of its thought leadership series Outside Insights The current global recession has been dominating the news since the beginning of the year. No growth" is not the answer.

Marine Resource Economics Vol. 29, No. 4, December 2014

Environmental Economics

Marine Resource Economics Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.     The Bumpy Road of Demand Growth—An Application to Atlantic Salmon.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.

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Turkey’s Economic Growth Hampered By Oil Addiction, Analysts Say

Green Prophet

billion current account deficit, and will continue to hold the country back from reaching its full growth potential, according to analysts from three major financial research firms who were quoted in a recent CNBC article. Turkey is currently in the period of income growth that most strains a country’s energy supply, according to Akarli, when average annual income is rising toward $25,000.

Environmental Economics: Today's description of environmental and.

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club? Much of the focus is on the economics of pollution control, the intertemporal allocation of renewable and nonrenewable natural resources and applied welfare analysis (i.e., Dont be intimidated by the economics angle.

The myths of sustainable consumption and sustainable growth

Green (Living) Review

by Michael Smith (Veshengro) Across the globe the concept of sustainable consumption is being touted as the way of the future, a change in lifestyle and values that promises “green growth”– economic growth that doesn’t hurt the environment. The term itself is, however, an oxymoron for it also keeps relying on the other oxymoron, that of sustainable growth. Permanent consumerism and consumption is not sustainable and there simply is no such thing as sustainable growth.

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Results from the NABE Economic Policy Survey

Environmental Economics

The National Association for Business Economics is having their policy conference in DC this week. Forty-four percent of panelists think that the proposal will “hamper economic growth” through reduced consumer spending, and 40% believe that the tax will “benefit domestic oil producers over offshore producers.” You may have heard about results from the policy survey about the Fed and interest rates on NPR this morning.

Economic damage estimate for Hurricane Sandy

Environmental Economics

Halfway to trillion, with a T : Economic damages inflicted by Hurricane Sandy could reach $50 billion, according to new estimates that are more than double a previous forecast. Some economists warned on Thursday that the storm could shave a half percentage point off the nation’s economic growth in the current quarter. On Monday, before the storm hit the East Coast, the firm estimated $10 billion to $20 billion in total economic damages.

Protect nature for world economic security, warns UN biodiversity chief

Green (Living) Review

Ahmed Djoghlaf says nations risk economic collapse and loss of culture if it does not protect the natural world Britain and other countries face a collapse of their economies and loss of culture if they do not protect the environment better, the world's leading champion of nature has warned. economic security nature United Nations

Question of the Day: What are the Principles of Economics?

Environmental Economics

I'm teaching a one semester course in Principles of Economics this Spring (14 weeks,2 days a week).   So I have found myself asking: What are the principles of economics that every college student should know and can get in a one semester course?    Based on your experience taking or teaching economics classes, let me know what you think.  The Tools of Economics (Review). What is economics? Economic Growth.

Post Growth: Creating global prosperity without economic growth

The Green Changemakers

Without obligations to shareholders and with minimal dependency on donors, NFP enterprises have the freedom and ability to get their work done in a way that maximizes social, environmental and economic outcomes. The Power of Three Words: ‘Not-for-Profit’ by Jen Hinton and Donnie Maclurcan Ever since we started writing and speaking about our current book project, How on Earth: Flourishing in a Not-for-Profit World by 2050 , we have been amazed by one phenomenon in particular.

Good Growth

The Green Changemakers

Yet policy-makers and commentators remain fixed on GDP and growth above all else. Good Growth goes a step further. It finds that wider issues such as work-life balance, health and housing are viewed by the public as critical components of good economic performance, on top of raw GDP. It recommends that at the same time as tracking GDP the Government should adopt the good growth index, so that economic policy decisions are aligned with citizens’ wishes.

Better Growth, Better Climate

The Green Changemakers

One of the most critical and urgent challenges facing countries today is achieving economic prosperity and development while also combating climate change. The Global Commission is chaired by former President of Mexico Felipe Calderón and comprises former heads of government and finance ministers, and leaders in the fields of economics and business. Website | The new climate economy Report | Better Growth, Better Climate 02 Oct 2014, pdf, 3MB Source: [link] [link].

Growth in electric vehicles sales central to closing emissions gap

Green (Living) Review

Looking beyond 2020, EVs and innovation in this area present a major growth opportunity not only for car manufacturers but for the energy sector as a whole.” Consumers: Consumers should provide feedback to regulators and manufacturers by evaluating the economic and environmental benefits of EVs alongside alternative online transportation methods.

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Environmental Economics: Four paragraphs that explain how Libya.

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club? gas prices I learn something new (almost) every day: More broadly, economists are concerned that if oil prices stay high this year, they could slow the already fragile global economic recovery.

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Economic Growth Brings Return to Growth of CO2 Emissions

Celsias

Although global emissions of carbon dioxide (CO2) declined slightly in 2009, the beginnings of economic recovery led to an unprecedented emissions increase of 5.8 percent in 2010. In 2011, global atmospheric levels of CO2 reached a high of 391.3 parts per million (ppm), up from 388.6 ppm in 2010 and 280 ppm in pre-industrial times.

Cameron predicts new economic crisis

Green (Living) Review

Then again the perpetual growth economy is (1) not sustainable and thus (2) has to be abandoned. by Michael Smith (Veshengro) In mid-autumn 2014 the British Prime Minister David Cameron stated that the Euro zone is teetering on brink of new third recession and he may, in fact, not be far off this. The fact is that, despite what they are telling us, the economy is not doing very well at all and also not in Britain.