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The book brings together the 17 papers written over a period of 23 years on a variety economic problems. The contents fall into 3 sections: economic growth, theoretical welare economics and practical welare economics.
The current state of research in the international public finance field is elucidated in the fifteen papers collected in this volume, selected from among the more than 200 that were presented at the 53rd Congress of the International Institute of Public Finance held in Kyoto, Japan, in August 1997. The collection assembled here is not intended to comprise a proceedings of the Congress but, rather, presents the ideas of eminent scholars in seven areas of current research in the international public finance field: The Welfare State, Public Investment and Economic Growth, Inter-Governmental Relations, Tax Competition and Foreign Direct Investment, Foreign Investment in Transitional Economies-Russia and China, and Equalization Transfer Systems in Japan and Australia. The highlight of the Congress was the brilliant debate between two of the greatest authorities in the area of public finance, James M. Buchanan and Richard A. Musgrave, whose papers form the opening section of the volume.
The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
With the notable exception of China, in most countries with below-median per capita income the growth rate of the population is greater than that of total wealth. This trend is ultimately unsustainable. For many of these countries, policies for sustainability will require both boosting savings and slowing population growth.
Welfare Economics and Sustainable Development theme is a component of Encyclopedia of Development and Economic Sciences in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. This theme introduces welfare economics and sustainable development in four topics dealing with four important issues to be considered in implementing sustainable development. These are: the use of ethics and discounting and economic growth models in balancing the interests of future generations against those of the present; the advantages and limitations of national accounting methodologies as means of evaluating sustainability; the international dimensions of sustainable development arising out of environmental and economic linkages among nations; and the nature of institutions required to promote sustainable development. These two volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs.
There is increasing recognition of the influence of macroeconomic factors on individual welfare. This represents a shift in the traditional focus of policy analysis, which has largely focused on evaluating the impact of micro level interventions. This dissertation examines this link through three papers. The first paper examines the impact of export growth in Bangladesh on the health of children. Using information on the production network of industries in the country, coupled with district-level employment characteristics, the analysis constructs a gender disaggregated, district-level measure of export exposure. Using variation in this measure across districts and over time, the study analyzes the impact of female-specific export exposure on the incidence of childhood health ailments like diarrhea, acute respiratory infection, and fever. The results indicate that export exposure causes a reduction in the incidence of childhood illness. In addition, export exposure leads to an increase in autonomous decision-making as it relates to healthcare decisions, presenting a possible mechanism underlying the observed health results. Informal employment accounts for the majority of employment in many developing countries, yet its relevance to growth, and its links to the formal sector, remain poorly understood. The second paper of the dissertation examines the link between export growth and informality, also in Bangladesh. In particular, it examines the impact of export-induced demand on four types employment: formal, casual, unpaid, and self. The results suggest that trade triggers an immediate increase in both formal and casual employment, as well as a longer-run increase in self employment. Thus, response to growth opportunities such as trade is not limited to formal employment, and a more nuanced understanding of informality in the growth process is needed. A large literature in economics and epidemiology points to the importance of economic conditions in childhood on health later in life. The final paper of the dissertation analyzes the impact of macroeconomic conditions prevailing around the time of birth (measured using the growth rate of state-wise per capita income) on health in adulthood using the Health and Retirement Study. Health is measured using a variety of biomarker indicators of cardiovascular, metabolic, and inflammation risk. Overall, the analysis finds no impact of economic conditions at birth on health in adulthood.