September 28, 2005

Economics

Alcohol Consumption Pro-Cyclical?

by Edward Hugh

Thanks mainly to indirect encouragement from commenter Teme, I am continuing to plough the Finland furrow. Today I found this very interesting piece of research:
ARE SLUMPS REALLY DRY SEASONS?
This paper explores the connection between alcohol mortality, drinking behaviour and macroeconomic fluctuations in Finland by using both aggregate and micro-level data during the past few decades. [...]

September 16, 2005

Europe and the world

More Bigtime Divergence

by Edward Hugh

As people may have noted, last weekend Tobias and I were in Stockholm. One of the topics I wanted to post on but couldn’t was the latest Human Development report from the UN. There was plenty of press coverage: here, here, and here
There was even coverage in the blogs, but the tone seemed to [...]

July 20, 2005

Economics and demography

Unified Growth Theory

by Edward Hugh

According to Oded Galor it has become evident that in the absence of a unified growth theory that is consistent with the entire process of development, the understanding of the contemporary growth process would be limited and distorted. He quote Copernicus to the effect that:
?It is as though an artist were to gather the hands, [...]

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