The vulnerability of the global economy has been starkly exposed by COVID-19 pandemic. Longer term thinking and new approaches to development prosperity are urgently required. In this paper, we forward a series principles on which economic policy for post-COVID era should be developed. These outlined as five ‘pillars’ from rebuild economy, based shared sustainable prosperity. pillars are: (I) a...

This paper investigates the relationship between fluctuations in economic growth, unemployment, and voting along a left–right axis. I estimate a model that explains how political fluctuations are caused by economic fluctuations in the OECD countries. I find that higher economic growth causes a shift to the left of policy sentiments. I hold the provision of social insurance by the welfare state ...

A positive correlation between health and economic prosperity has been widely documented, but the extent to which this reflects a causal effect of health on economic outcomes is very controversial. Two classes of evidence are examined. First, carefully designed random assignment studies in the laboratory and field provide compelling evidence that nutritional deficiency - particularly iron defic...

In this paper we study the significance of dividend initiations in the context of firm performance, risk, and shareholder returns. Our evidence contradicts the principal implication of the signaling hypothesis that increase in dividend rate is positively related to future firm prosperity. We observe that firms report improving profitability, cash flow and other performance measures leading up t...