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[1. Economic Growth]
-Health/Mortality
--HIV/AIDS
--Malaria
-Fertility
-Demographic Transition
[2. Inequality]
[3. Definition of Development]
[4. Market Failure]
*[1. Economic Growth and Fertility/Health/Demographic Transition]
**Fertility
-Mechanism
--Lowering fertility, more resource is distributed into each child
---Human Capital
---Nutrition
--Lowering fertility, total size of population decreases
---Pessimism: Malthus, Ehrlich
---Optimism: Kuznets,Simon
---Neutralism: Bloom and Freeman
--Lowering fertility, child and maternal health status is improved
---Reduce high order birth
---Reduce too young and old birth
---More spacing
---Prevent unsafe abortion
---Explain Bleakley story, and relate this to human capital accumulation
--With mortality decline, country enjoys benefit from demographic dividend
**Mortality/Health
-Mechanism
--Healthy people are more productive
--Living longer, people save more. So increase investment.
--Living longer, people invest human capital more
--Decreasing mortality rate, total population is increased
--Healthy country attracts more FDI
--With fertility decline, country benefits from demographic dividend
-Empirical Evidence
--Macro Level
---Bloom, Canning, Sevilla
---Acemoglu and Johnson
---Pritchett and Summers
---Weil
--Micro Level
---Schultz
---Strauss
---Bleakley(Malaria):Early child insult
---Weil and others(Malaria):non or negative impact in the first 30 years, 3% in long run.
---Young(HIV/AIDS)
---Bloom, Mahal(HIV/AIDS)
**Population neutralist
-Bloom and Freeman(1996)(Bloom and Freeman(1998):Fertility Increase and Mortality Decline have different effect)
*[2.Poverty Reduction/Inequality and XXX]
**Mortality
--Kawachi
--Preston Curve
--Deaton
*[3. Definition of Development]
Bob Lucas: Development as Economic Growth
Human Development Index: Income, Education, and Health
Human Poverty Index:
Amartya Sen: Development as Freedom
*[Market Failure]
-Public goods
-Externalities
-Information Asymmetries
--Adverse Selection
--Moral Hazard
-Inequality of initial resource distribution
[1. Economic Growth]
-Health/Mortality
--HIV/AIDS
--Malaria
-Fertility
-Demographic Transition
[2. Inequality]
[3. Definition of Development]
[4. Market Failure]
*[1. Economic Growth and Fertility/Health/Demographic Transition]
**Fertility
-Mechanism
--Lowering fertility, more resource is distributed into each child
---Human Capital
---Nutrition
--Lowering fertility, total size of population decreases
---Pessimism: Malthus, Ehrlich
---Optimism: Kuznets,Simon
---Neutralism: Bloom and Freeman
--Lowering fertility, child and maternal health status is improved
---Reduce high order birth
---Reduce too young and old birth
---More spacing
---Prevent unsafe abortion
---Explain Bleakley story, and relate this to human capital accumulation
--With mortality decline, country enjoys benefit from demographic dividend
**Mortality/Health
-Mechanism
--Healthy people are more productive
--Living longer, people save more. So increase investment.
--Living longer, people invest human capital more
--Decreasing mortality rate, total population is increased
--Healthy country attracts more FDI
--With fertility decline, country benefits from demographic dividend
-Empirical Evidence
--Macro Level
---Bloom, Canning, Sevilla
---Acemoglu and Johnson
---Pritchett and Summers
---Weil
--Micro Level
---Schultz
---Strauss
---Bleakley(Malaria):Early child insult
---Weil and others(Malaria):non or negative impact in the first 30 years, 3% in long run.
---Young(HIV/AIDS)
---Bloom, Mahal(HIV/AIDS)
# Merson et. al.'s textbook Chapter 13 provides good review
**Population neutralist
-Bloom and Freeman(1996)(Bloom and Freeman(1998):Fertility Increase and Mortality Decline have different effect)
*[2.Poverty Reduction/Inequality and XXX]
**Mortality
--Kawachi
--Preston Curve
--Deaton
*[3. Definition of Development]
Bob Lucas: Development as Economic Growth
Human Development Index: Income, Education, and Health
Human Poverty Index:
Amartya Sen: Development as Freedom
*[Market Failure]
-Public goods
-Externalities
-Information Asymmetries
--Adverse Selection
--Moral Hazard
-Inequality of initial resource distribution