With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.
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.
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.
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.
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.
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.
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.
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.
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.
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.