29/04/22

Is European Union's economy "greening"?

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Green growth is seen as a practical tool for achieving sustainable development (Kasztelan, 2017). It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required. "Decoupling" is usually used to mean the possibility of economic growth that takes place simultaneously with a fall in environmental pressure. In other words, the concept of decoupling was introduced to measure and analyze the controversial trade-off between economic development and environmental sustainability; in particular, several empirical studies concern the construction and use of decoupling indicators  (Tarabusi & Guarini, 2018).

01/04/22

Real Income Trap: Is Economy Shrinking?


Real income remains how much money an individual or entity makes after accounting for inflation and is sometimes called real wage when referring to an individual's income. Overall, real income is an estimate of an individual’s purchasing power since the formula for calculating real income uses a broad collection of goods that may or may not closely match the categories an investor spends within. Purchasing power refers to what you are able to purchase, and it changes when your real income changes.

30/03/22

Different Voices On the Agricultural Economy & Food Security

Liberal Party election poster, UK 1924

According to Britannica agricultural economics is a study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farming. Agricultural economics play important role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth. All economists agree that instability in farming threatens food security, and they all share the same goal of having a secure food system. But they strongly disagree about how to achieve that end. There are three main different voices, which try to explain the complex food system.