Climate, geography, income per capita and growth Literature review

Climate, geography, income per capita and growth - Literature review ExampleGeography and environment has a closer contact on socio-economic development of a region. Historical data has revealed that geography has approximately effect on make the economic history. However, the amount of variance is an important consideration. Tropics are varied by braod climatic zones and economies as well (Torres & Mendez, 2000 2002, Inter-American Development Bank, 2000). As a result, the explore would identify the key geographic and climatic factors from the case database and analyze its relationship with income per person longitudinal data for a time period of 1950 to 2014. This paper pass on analyze this variance to test and interpret the condition of multicollinearity using a regression analysis, as some geographical factors might be highly correlated impacting the ultimate results.Analyzing the relationship between the major geographical features, much(prenominal) as altitude, climate, topography on the economic growth and prosperity with individual municipal incomes and their inequalities.Previous research has established a close relationship between economic development and geographical characteristics, such as topography, altitude, precipitation, temperature and rainfall etc., of a region. In this pretext, the tropical economies have lower income levels and growth rates than rest of the world. moderate regions are more prosperous in this respect. The impact of geography on economic performance was considered exogenic for a very long time by economists (Rodrik & Trebbi, 2004). In fact there are reckon channels influencing the effect of geography on productivity (Fujita, Krugman & Venables, 1999 Gallup, Sachs & Mellinger, 1999), in terms of productivity of primary activities, such as agriculture, farming, mining, fishing and forestry (Safford & Palacios, 2002).The classical Malthusian theory has stressed on how extremes of climate and temperature might go down the productivity of labor as a consequence of spillovers and positive