Economic Growth

October 29, 2014
Everyday Economics: Displaying a regression to the world mean, China's real economic growth rate might be less than most people expect.
Published by Elaine Schwartz at October 29, 2014
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How Chinese Economic Growth Relates to Restaurants and Pilots

China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.

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October 26, 2014
Everyday economics: A misery index number conveys the potential distress created by unemployment and inflation.
Published by Elaine Schwartz at October 26, 2014
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An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

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October 16, 2014
aging population pyramids
Published by Elaine Schwartz at October 16, 2014
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The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

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October 14, 2014
Everyday economics of LED bulbs
Published by Elaine Schwartz at October 14, 2014
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The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

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October 12, 2014
Everyday economics and human capital formation
Published by Elaine Schwartz at October 12, 2014
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When Does Practice Really Matter?

Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.

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August 31, 2014
A NASA satellite image of the world's night lights conveys economic information about developed and developing countries.
Published by Elaine Schwartz at August 31, 2014
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Bedtime Stories… About the Economy.

From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.

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August 28, 2014
Starbucks tall latte index
Published by Elaine Schwartz at August 28, 2014
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The Path of the Shifting Center of Global Economic Power

Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.

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August 17, 2014
Everyday Economics — Oil stories
Published by Elaine Schwartz at August 17, 2014
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A Closer Look at the EU 28 Economic Growth Rate

Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries' disparate economies.

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August 12, 2014
Everyday Economics: The Contents of Refrigerators, Supply and Demand, and Global Markets
Published by Elaine Schwartz at August 12, 2014
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What Refrigerators Can Tell Us About Global Markets

In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.

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August 11, 2014
weekly economic roundup and pension income systems
Published by Elaine Schwartz at August 11, 2014
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Will You Get Your Social Security Benefits?

The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.

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August 4, 2014
The spread of refrigeration in China will create positive and negative externalities that relate to productivity, diet, health and the environment.
Published by Elaine Schwartz at August 4, 2014
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The Spillover from Refrigerators in China

The spread of refrigeration in China has positive and negative externalities that relate to household diets, greenhouse gases and transport and home waste.

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July 31, 2014
Violating the sanctity of contracts, Argentina has again defaulted on her sovereign debt and diminished her ability to borrow.
Published by Elaine Schwartz at July 31, 2014
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Argentina's (Long) Default History

With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.

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