Tuesday, July 19, 2011

Too many big dicks in Cairns?

Groundbreaking economic research just published reveals a strong correlation between the economic performance of a country and the penis size of the male population.

Male Organ and Economic Growth: Does Size Matter?

Tatu Westling
University of Helsinki
Discussion Paper No. 335
July 2011
ISSN 1795-0562

Abstract


This paper explores the link between economic development and penile length between 1960 and 1985. It estimates an augmented Solow model utilizing the Mankiw-Romer-Weil 121 country dataset. The size of male organ is found to have an inverse U-shaped relationship with the level of GDP in 1985. It can alone explain over 15% of the variation in GDP. The GDP maximizing size is around 13.5 centimetres, and a collapse in economic development is identified as the size of male organ exceeds 16 centimetres. Economic growth between 1960 and 1985 is negatively associated with the size of male organ, and it alone explains 20% of the variation in GDP growth. With due reservations it is also found to be more important determinant of GDP growth than country's political regime type. Controlling for male organ slows convergence and mitigates the negative effect of population growth on economic development slightly. Although all evidence is suggestive at this stage, the `male organ hypothesis' put forward here is robust to exhaustive set of controls and rests on surprisingly strong correlations. JEL Classification: O10, O47

Could this correlation also explain the variation in regional economies within a country and the economic malaise in Cairns? Does Cairns have too many Big Dicks that could do with being lopped, or is the problem at the other end of the scale?! Does Cairns need a penis optimistation strategy? It may be a more productive option than culling flying foxes!

This outstanding research could be a candidate for this years Ig Nobel Awards.

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