Demand for tea in the UK 1874–1938: An econometric study

The main objective of this study is to provide estimates of price and income elasticities of demand for tea in order to explain the growth in tea consumption over the period 1874–1938. Numerous other factors, both economic and social, may contribute to changing patterns of consumption. Indeed, such factors as demographic and organisational changes and different social habits may exert an influence on price and income elasticities. A subsidiary aim of this study is to examine the influence of these factors on the differences in income and price elasticities in demand for tea over various sub‐periods between 1874 and 1938.     

Is there a long‐run relationship between population growth and living standards? The case of India

This note examines the existence of a long‐run, cointegrating relationship between population and per capita GDP in India for 1950–93. Unit root tests show that per capita GDP is integrated of order one while population is integrated of order zero; further, estimation of the bi‐variate relationship using the cointegration procedure of Johansen shows that no long‐run relationship exists. Thus, population growth neither causes per capita income growth nor is caused by it. A corollary is that population growth neither stimulates per capita income growth nor detracts from it.     

Economic partnering with the poor: why local governments should work with community-based development organizations to promote economic development

Much of conventional economic development ends up as a transfer of wealth from the public sector to successful firms. Instead, local governments would be better off working to support the efforts of community-based development organizations to expand the economic pie for those most in need. Suggestions are made of ways to bring about equity development programs that would help those most in need rather than merely subsidizing established businesses.