This PDF is a selection from a published volume from... Bureau of Economic Research
... business cycles over the last thirty years. As is well known, over this period the economy experienced three main cycles. In each case, the common narrative behind these cycles has been that they were in large part driven by demand (residential investment demand in the 2000s, “tech” investment deman ...
... business cycles over the last thirty years. As is well known, over this period the economy experienced three main cycles. In each case, the common narrative behind these cycles has been that they were in large part driven by demand (residential investment demand in the 2000s, “tech” investment deman ...
Chapter 4: The Theory of Economic Growth
... advances allow American workers to easily perform value-generating tasks that were unimaginable, or maybe only extremely difficult to accomplish, only a century ago. ...
... advances allow American workers to easily perform value-generating tasks that were unimaginable, or maybe only extremely difficult to accomplish, only a century ago. ...
The Marginal Product of Capital
... that makes the same basic point about price differences and returns to capital and presents similar calculations for the MPKs. Our paper still differs considerably in that it provides a more rigorous theoretical underpinning for the exercise; it provides a quantitative model-based assessment of the ...
... that makes the same basic point about price differences and returns to capital and presents similar calculations for the MPKs. Our paper still differs considerably in that it provides a more rigorous theoretical underpinning for the exercise; it provides a quantitative model-based assessment of the ...
The Least Developed Countries Report 2013
... growth, creating productive capacities and generating jobs for both unskilled and skilled workers. According to the policy framework, policies to encourage micro and small firms to upgrade their production capacity and to grow in scale are needed. Moreover, it proposes the adoption of active policie ...
... growth, creating productive capacities and generating jobs for both unskilled and skilled workers. According to the policy framework, policies to encourage micro and small firms to upgrade their production capacity and to grow in scale are needed. Moreover, it proposes the adoption of active policie ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: New Developments in Productivity Analysis
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
Cambridge Pre-U Specimen Papers and Mark Schemes Cambridge
... If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet. Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use a soft pencil for any diagrams, graphs or rough working. Do not use paper ...
... If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet. Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use a soft pencil for any diagrams, graphs or rough working. Do not use paper ...
Total Factor Productivity. A Short Biography - UMD Econ
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
Shifting to a Green Economy - Stockholm Environment Institute
... transition are likely to be modest at best, and offer benefits in the near term that often exceed the costs (Global Commission on the Economy and Climate 2014). This raises the question of why these opportunities have not led to a widespread shift towards low-carbon economies. There have, indeed, be ...
... transition are likely to be modest at best, and offer benefits in the near term that often exceed the costs (Global Commission on the Economy and Climate 2014). This raises the question of why these opportunities have not led to a widespread shift towards low-carbon economies. There have, indeed, be ...
Some observations about the endogenous money theory
... characteristics of the fiat money creation mechanism. Fiat money is not a commodity that is produced through labour, hence it cannot be produced by just any individual by means of his work, as instead is the case for any given commodity. The production of fiat money is the prerogative of particular ...
... characteristics of the fiat money creation mechanism. Fiat money is not a commodity that is produced through labour, hence it cannot be produced by just any individual by means of his work, as instead is the case for any given commodity. The production of fiat money is the prerogative of particular ...
DOC - AgEcon Search
... remittances may help to the long term growth through financial and human capital development or disrupt the long run growth due to the substitution of labors and creating the ‘Dutch disease’3 effects. We also think along with other researchers and development thinktanks in this line that it is impor ...
... remittances may help to the long term growth through financial and human capital development or disrupt the long run growth due to the substitution of labors and creating the ‘Dutch disease’3 effects. We also think along with other researchers and development thinktanks in this line that it is impor ...
Practical Guide To Contemporary Economics
... something is measured by what you are willing to give up getting one more unit of it People make rational choices and use our scarce resources in the way that makes them as well off as possible when they take those actions for which marginal benefits exceed or equals marginal costs. In making their ...
... something is measured by what you are willing to give up getting one more unit of it People make rational choices and use our scarce resources in the way that makes them as well off as possible when they take those actions for which marginal benefits exceed or equals marginal costs. In making their ...
Preview Sample 2
... It is likely that going to war during an economic boom is more costly because many men and women who join the military or are drafted will more than likely be leaving behind a productive job. The rest of the country will experience a permanent sacrifice in terms of all the goods and services that wi ...
... It is likely that going to war during an economic boom is more costly because many men and women who join the military or are drafted will more than likely be leaving behind a productive job. The rest of the country will experience a permanent sacrifice in terms of all the goods and services that wi ...
$doc.title
... Figure 2 illustrates these results diagrammatically. The relatively steep downwardsloping lines show the constant technology relative demand curves. The economy starts at point A. In the absence of endogenous technical change, the increase in the supply shown in the figure moves the economy along th ...
... Figure 2 illustrates these results diagrammatically. The relatively steep downwardsloping lines show the constant technology relative demand curves. The economy starts at point A. In the absence of endogenous technical change, the increase in the supply shown in the figure moves the economy along th ...
PDF
... sources of income. The state maximizes a governance function defined over the utility levels of three types of households, where the welfare weights (Ih) attached to the utility Vh of household class h capture the initial sympathies of the state but can subsequently be altered by lobbying expenditur ...
... sources of income. The state maximizes a governance function defined over the utility levels of three types of households, where the welfare weights (Ih) attached to the utility Vh of household class h capture the initial sympathies of the state but can subsequently be altered by lobbying expenditur ...
ch11
... Economists use data from labor market outcomes (wages and employment) to infer the shapes of labor supply and demand curves – A key part of this inference is to isolate economic variation to trace out one of the curves ...
... Economists use data from labor market outcomes (wages and employment) to infer the shapes of labor supply and demand curves – A key part of this inference is to isolate economic variation to trace out one of the curves ...
Neoliberalism critical reader
... phenomena at different levels of complexity. Some of these are highly abstract, for example the growing power of finance or the debasement of democracy, while ...
... phenomena at different levels of complexity. Some of these are highly abstract, for example the growing power of finance or the debasement of democracy, while ...
RVI113_en.pdf
... bold call to make this the time for equality. In Prebisch’s teaching, these substantive prerequisites for the continent’s political evolution are organized around the idea, the theory and the practice of development. Feeding into them are a complex set of economic transformations, new and changing r ...
... bold call to make this the time for equality. In Prebisch’s teaching, these substantive prerequisites for the continent’s political evolution are organized around the idea, the theory and the practice of development. Feeding into them are a complex set of economic transformations, new and changing r ...
Example
... Some choices involve accounting (“explicit”) costs, but all choices involve opportunity costs. Accounting cost is the giving up of A in order to obtain B. Opportunity cost is the failure to obtain C because you obtained B. Economic cost is accounting cost plus opportunity cost. Example A firm hires ...
... Some choices involve accounting (“explicit”) costs, but all choices involve opportunity costs. Accounting cost is the giving up of A in order to obtain B. Opportunity cost is the failure to obtain C because you obtained B. Economic cost is accounting cost plus opportunity cost. Example A firm hires ...
At the Intersection - Canadian Construction Association
... are related to productivity growth, and hence, long-term economic growth. There is virtual unanimity on this point. Second, there has been considerable debate about whether infrastructure generates gains in productivity or whether the impact runs in the opposite direction. This question of causality ...
... are related to productivity growth, and hence, long-term economic growth. There is virtual unanimity on this point. Second, there has been considerable debate about whether infrastructure generates gains in productivity or whether the impact runs in the opposite direction. This question of causality ...
Does the Choice of Democracy Measure Matter?: Comparisons
... presented a measurement for political democracy (POLDEM) which was based on two dimensions: political liberties and popular sovereignty. In his index of political democracy, Bollen included three indicators of political liberties (press freedom, freedom of group opposition and government sanctions) ...
... presented a measurement for political democracy (POLDEM) which was based on two dimensions: political liberties and popular sovereignty. In his index of political democracy, Bollen included three indicators of political liberties (press freedom, freedom of group opposition and government sanctions) ...
Productivity of ICT and Non-ICT Capital – The
... software and telecommunications equipment). The higher the measured quality change, the higher the increase in real ICT capital services and their contribution to growth. The change in hedonic deflators relative to general inflation represents a measure of embodied technological progress, because th ...
... software and telecommunications equipment). The higher the measured quality change, the higher the increase in real ICT capital services and their contribution to growth. The change in hedonic deflators relative to general inflation represents a measure of embodied technological progress, because th ...
PAPER THE SOCIAL COST OF LABOR, AND PROJECT EVALUATION: A GENERAL APPROACH
... Among the aspects of the economy on which we focus are: (i) the difference between the domestic and international prices, (ii) the equilibrating mechanisms in the economy, (iii) the mechanisms which determine earnings of industrial and agricultural workers, (iv) the nature of migration, and (vi) the ...
... Among the aspects of the economy on which we focus are: (i) the difference between the domestic and international prices, (ii) the equilibrating mechanisms in the economy, (iii) the mechanisms which determine earnings of industrial and agricultural workers, (iv) the nature of migration, and (vi) the ...
Technical appendix: Integrated economic analysis
... prices and may adjust their behavior in each model period to adapt to the future. This type of model is also useful for policy analysis, but with a very different purpose: because agents in this model are perfectly optimizing over the entire model horizon, this model portrays the best-case outcome a ...
... prices and may adjust their behavior in each model period to adapt to the future. This type of model is also useful for policy analysis, but with a very different purpose: because agents in this model are perfectly optimizing over the entire model horizon, this model portrays the best-case outcome a ...
Adverse Selection, Slow Moving Capital and Misallocation
... the information friction itself generates persistence in aggregate dynamics. Our work is also complementary to Guerrieri and Shimer (2014) and Chang (2012) who consider economies in which many markets exist simultaneously and firms with higher quality assets trade at higher prices but with lower pro ...
... the information friction itself generates persistence in aggregate dynamics. Our work is also complementary to Guerrieri and Shimer (2014) and Chang (2012) who consider economies in which many markets exist simultaneously and firms with higher quality assets trade at higher prices but with lower pro ...