Population has Outgrown the Food Growth - 1764 Words

In this paper, I brainstorm and develop certain topics that I find interesting and novel to pursue in future research. I write about two separate topics, one being theoretical, and the other empirical. In the first section, I propose an extension of the classical Malthusian model of economic growth by introducing different specification for birth and death rate income elasticities. I solve for the steady state parameter values and offer directions for future model development where land is not a fixed factor of production. In the second section, I conduct an empirical time series analysis of the impact democracy levels have on the total factor productivity (TFP) for the case of Thailand. As the next step, I propose that this study be†¦show more content†¦From Voigtlà ¤nder and Voth (2009), again I borrow the population growth rate function: where is subsistence level of food production, and and are income elasticities of birth and death rates, respectively. Observe that , unlike in Voigtlà ¤nder and Voth (2009), here I model population growth rate as a function of consumption. Although I take income elasticities as exogenous constants in this paper (for reasons that will become obvious later on), in its next iteration I propose that these elasticities be functions of food consumption. It is reasonable to assume that birth rates are increasing in consumption; however, the proportional rise in birth rates with respect to levels of consumption cannot realistically be constant over the long run, as is in Voigtlà ¤nder and Voth (2009). Similarly, while it is prudent to assume that death rates drop as food consumption increases, it is expected that eventually the proportional drop in death rates will decrease in consumption. That is, when food is scarce and famine is present, even small increases in food consumption can lower death rates significantly (especially true for infants and small children). As per capita consumption reaches more satisfactory levels, food becomes less significant in determining mortality, and some other factors, such as diseases and genetics, take over. Therefore, it could be justifiable to model both and as decreasing inShow MoreRelatedLeading Fmcg Product Using Psychographic Segmentation2195 Words   |  9 PagesEngland and formerly listed on the London Stock Exchange, Cadbury was acquired by Kraft Foods in March 2010. The company was an ever-present constituent of the FTSE 100 from the index s 1984 inception until its 2010 takeover. The firm was known as Cadbury Schweppes plc from 1969 until a May 2008 demerger, which saw the separation of its global confectionery business from its U.S. beverage unit, which has been renamed Dr Pepper Snapple Group Inc. 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