ECONOMIC GROWTH AND FIRES: THE CASE OF JAPAN
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概要
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Adam Smith's theory of compensating wage differentials implies that out of increased consumption funds generated by economic growth individuals will purchase more safety. However changes in the economy which give rise to economic growth may result in lower levels of safety. Investigation of patterns of fires during 20th century economic growth reveals complex patterns. Only after the oil shock is increased growth associated with increased fire safety. Compared, however, to other advanced countries Japan is a fire safe nation.
- 慶應義塾大学の論文