Another point: it seems intuitively plausible that redistribution promotes growth because it would likely tend to increase human capital. If someone is consuming $2.30/day with subsistence farming, there is low human capital, but redistribution allows them to increase human capital, this will tend to promote economic growth.
Does anyone know where literature is on the growth effects of Global health and development charities vs traditional economic investment?
This is not usually the comparison that is made in the literature, so it’s not definitively answered. This comment thread on Hauke and John’s original post has some back and forth. Basically human capital interventions definitely have an aggregate effect, but the strength of that effect compared to growth-promoting policies is unclear.
Another point: it seems intuitively plausible that redistribution promotes growth because it would likely tend to increase human capital. If someone is consuming $2.30/day with subsistence farming, there is low human capital, but redistribution allows them to increase human capital, this will tend to promote economic growth.
Does anyone know where literature is on the growth effects of Global health and development charities vs traditional economic investment?
This is not usually the comparison that is made in the literature, so it’s not definitively answered. This comment thread on Hauke and John’s original post has some back and forth. Basically human capital interventions definitely have an aggregate effect, but the strength of that effect compared to growth-promoting policies is unclear.
It seems odd that this has not been explored more thoroughly by the EA community, especially given its proclivity for consideration of the long-term.