After looking at international evidence on the impact of educational quality
on economic productivity, Eric A. Hanushek finds a tight, if delayed connection.
This suggests that school quality has a great impact
on economic productivity and growth.
Thus far there is no evidence that this has a negative effect
on economic productivity, at least as one reads the actual evidence.
Tax structures and governmental regulations, for example, certainly have an impact
on economic productivity.
Symptoms include lack of energy, changes in appetite and sleep patterns, substance abuse, anxiety, and thoughts of self - harm, which, while clearly not great for mental or physical health, also take a toll
on economic productivity.
Not exact matches
Meanwhile,
productivity gains are going to CEOs who earn,
on average, about 300 times more than typical workers, compared with 71.2 times in 1990, according to the
Economic Policy Institute.
BABRAHAM, United Kingdom - Bank of England Deputy Governor Dave Ramsden takes part in a panel discussion
on productivity and
economic rebalancing with the Confederation of British Industry's director - general, Carolyn Fairbairn.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide
economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer
productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report
on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports
on Form 10 - Q (the «Reports»).
And being perhaps the world's most comprehensive aggregator of
economic data for the largest and most advanced economies
on the planet — and having tracked such data for the last five decades — one might suggest that the OECD knows a thing or two about improving
productivity and making an economy grow.
Economic growth in China has long been premised
on high levels of savings and investment, growth of manufacturing and exports, migration of low -
productivity rural workers to higher -
productivity urban jobs and integration of new technologies.
A smart government would focus
on making the critical investments that will strengthen
economic growth,
productivity, and job creation.
Canadians were asked to submit their views
on five broad themes:
economic recovery and growth; job creation; demographic change;
productivity; and other challenges for the upcoming budget.
«Financial innovation will not only enhance
productivity of
economic activities, but also make financial intermediation more seamless,» Johari told The Malaysian Reserve, going
on to say, «This is particularly relevant to recent innovations like bitcoin.»
Instead, the arithmetic of
economic expansion - employment growth plus
productivity growth - is already constrained by a 4.6 % unemployment rate and a deficit
on current account, and seems unlikely to be helped by the current policy direction, aside from rather short - lived effects.
In a recent speech to the St. John's Board of Trade, Bank of Canada Governor David Dodge made a strong case that Canada should concentrate
on increasing
productivity, so that we can have sustainable
economic growth and rising standards of living in the future.
Higher
productivity growth, sustained over a few decades, would have a profound impact
on future living standards, but to expect an
economic boom of anything but the short - lived variety is to rely
on arithmetic that doesn't add up.
Productivity growth is another major contributor to
economic expansion, and the last five years have come up short:
productivity grew just 0.5 % a year
on average over the last five years versus 2.2 % average gains for the past 70 years.
The Survey also evidences, however, that despite the most severe
economic downturn since the Great Depression, ESOP companies
on the whole continue to have increased share value, better
productivity, and overwhelming support among leaders of the companies.
The speech starts by setting out three key themes of the Bank's recent communication about Australia's transition from the resources sector boom to more normal
economic conditions: that the sheer scale of the boom means that this transition is challenging, and that the broader global environment compounds the challenge; that a reasonably successful transition is possible given our economy's positive fundamentals and flexibility; and that monetary policy is doing what it can to help the transition, but that the chances of success would be boosted by a lift in
productivity growth and an increase in the expected risk - adjusted rate of return
on investment.
Jonathan has led numerous research efforts
on global
economic trends, including growth and
productivity, urbanization, affordable housing, energy and sustainability, e-commerce, and the
economic impact of the Internet, as well as
on productivity growth and
economic development in China and Asia.
The U.S. economy is massive
on a global scale, and much of the country's
economic capabilities can be traced back to the innovation, knowledge, and
productivity that tends to be clustered in urban areas.
Such gaps tend to narrow for a number of reasons, including higher marginal
productivity on cheaper labor and land costs in lower - tier cities, better
economic integration with government - led redistribution of infrastructure and public resources from regional hubs to small neighbor cities, and broader penetration of technology, including smartphones and the internet, according to the Morgan Stanley research.
However, standard
economic development theory focused
on increasing
productivity, that is, the amount of goods produced per hour of human labor.
It is by specialization that
productivity is increased; and
economic growth depends
on productivity, that is, the amount produced per hour of labor.
The FPA Business and
Economic Research Program issues financial benchmarking reports that provide industry - specific data
on financial, profitability and
productivity trends
Departing from liberalism in a radical manner, a green republican perspective
on the economy is therefore interested not simply in the efficiency or
productivity of
economic relations.
In the longer term well targeted spending
on health, education and infrastructure will have long terms
economic benefits in terms of
productivity which will make existing businesses more effective and attract new investment.
The report draws
on government and trade statistics, academic evidence and
economic theory to challenge arguments that the health and social benefits of reducing alcohol consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending
on alcohol would be offset by spending
on other goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol consumption could also reduce the
economic costs of impaired workplace
productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.
This is despite low
productivity being the single biggest long term drag
on Britain's
economic performance.
Economists in the U.S. now largely agree that
productivity and
economic growth are dependent
on the quality of human capital, the penetration of technology, the degree to which an economy fosters innovation and an economy's ability to translate basic research and development into commercial enterprises.
BP Eric Adams called
on the New York City Independent Budget Office (IBO) to conduct an «
economic impact analysis»
on recent outages to study the loss «
economic productivity of hundreds of thousands of workers» and its impact
on local businesses and lost taxes.
Such restructured governance architecture will facilitate overall national
economic productivity and bring about the necessary shift away from the present virtually unitary structure which encourages the 36 states and federal capital territory (Abuja) to rely
on a philosophy of «sharing the national cake», and it will encourage the more viable federating units to focus
on productivity and internally generated revenues.
«Our study suggests that the effect of human capital
on economic growth is larger in high - quality - of - life counties — natural amenities such as clean air and temperate climate, could potentially attract human capital and perhaps increase labor
productivity, thus boosting the effect of human capital
on growth,» said Fan.
Hertel and doctoral student Uris Baldos developed a combination of
economic models — one that captures the main drivers of crop supply and demand and another that assesses food security based
on caloric consumption — to predict how global food security from 2006 to 2050 could be affected by changes in population, income, bioenergy, agricultural
productivity and climate.
The study focused
on achievement in math, which is not only important for education and
economic productivity but is also known to prompt strong emotional reactions in students.
If environmental and
economic sustainability is ultimately a matter of balancing the human race's consumption and
productivity, then the agricultural industry leans heavily
on both sides of that scale.
Dr. Younossi stressed that while these preliminary results are encouraging, he plans to conduct further research to examine data outside of the clinical trial setting in order to evaluate the real - world consequences of a hepatitis C cure
on work
productivity and associated
economic gains.
«Previous work has largely focused
on how climate change may affect
economic activity by lowering the
productivity of workers,» said co-author Kyle Meng, an assistant professor of environmental economics in UCSB's Bren School of Environmental Science & Management and the Department of Economics.
His research explores the impact of global warming
on the economy, including labor
productivity, mortality rate, and agriculture yields, among other
economic factors.
«Since student performance
on international tests such as PISA is closely related to long - term
economic productivity growth, increasing U.S. students» proficiency levels to those attained in Canada would increase our
economic growth rate by some 50 percent.»
If education has such a dramatic impact
on a country's
economic productivity and growth, what are the implications of a less - than - adequate education system for
economic growth today and in the future?
In order to determine whether competitive pressures from private schools increase the
productivity of the school system as a whole, West and Woessmann analyzed Programme for International Student Assessment (PISA) data
on the mathematical, scientific, and reading literacy of nearly 220,000 students in 29 Organization for
Economic Co-operation and Development (OECD) countries.
A number of speakers
on the panel agreed that while quality education does have an impact
on the future of the Northern Powerhouse, schools need to place a greater emphasis
on knowledge - based education to be able to contribute to long - term
productivity and
economic development.
A nationwide study
on «school funding fairness» conducted by the Education Law Center finds North Carolina is one of the least fair states in the nation, earning a grade of «F» for its education spending in relation to the state's
economic productivity.
While in Turks & Caicos, Bartlett joined secretary general of the Caribbean Tourism Organisation, Hugh Riley; economist Amos Peters; executive director of the Turks & Caicos Hotel & Tourism Association Stacy Cox and other regional tourism stakeholders in a discussion
on issues that are key to advancing
economic growth in the Caribbean, including regional
productivity and tourism industry reform.
Whereas, if left unaddressed, the consequences of a changing climate have the potential to adversely impact all Americans, hitting vulnerable populations hardest, harming
productivity in key
economic sectors such as construction, agriculture, and tourism, saddling future generations with costly
economic and environmental burdens, and imposing additional costs
on State and Federal budgets that will further add to the long - term fiscal challenges that we face as a Nation;
(1) to provide new and additional assistance from the United States to the most vulnerable developing countries, including the most vulnerable communities and populations therein, in order to support the development and implementation of climate change adaptation programs and activities that reduce the vulnerability and increase the resilience of communities to climate change impacts, including impacts
on water availability, agricultural
productivity, flood risk, coastal resources, timing of seasons, biodiversity,
economic livelihoods, health and diseases, and human migration; and
There is also ample scope for reforming tax systems to deal much more effectively with broader environmental and related problems that can be a significant drag
on economic growth, such as the health and
productivity impacts of poor air quality, and severe congestion of major urban centers.
Integrated physiological and
economic models (e.g., Fischer et al., 2005a) allow holistic simulation of climate change effects
on agricultural
productivity, input and output prices, and risk of hunger in specific regions, although these simulations rely
on a small set of component models.
Such income redistribution would decrease the
economic welfare of the developed countries and would have an uncertain effect
on the recipient countries since they would presumably be asked to give up part or all of their aspirations for further development since it is strongly dependent
on increased use of fossil fuels to increase human
productivity.