The American University in Cairo A Thesis Submitted to the
... this gap by using an econometric model that can help to analyze the impact of remittances along with other variables on growth of GDP for a recipient country, in our case Egypt. Since most of the studies tackled Egypt for instance as one of the countries in a statistical panel while ignoring its uni ...
... this gap by using an econometric model that can help to analyze the impact of remittances along with other variables on growth of GDP for a recipient country, in our case Egypt. Since most of the studies tackled Egypt for instance as one of the countries in a statistical panel while ignoring its uni ...
DP2013/03 Deep Habits, Price Rigidities and the Consumption Response to Government Spending
... crowding-in of consumption by government spending when used independently in general equilibrium models, weaken the …scal stimulus when used in conjunction? We illustrate that the composition of the Phillips curve lies at the heart of the counterintuitive consumption dynamics observed in deep habits ...
... crowding-in of consumption by government spending when used independently in general equilibrium models, weaken the …scal stimulus when used in conjunction? We illustrate that the composition of the Phillips curve lies at the heart of the counterintuitive consumption dynamics observed in deep habits ...
Trinidad and Tobago – An Economic and Political
... and policies are assessed in order to craft policy recommendations to ensure sustained future growth and prosperity. The diagnostic begins with a discussion of the structural features of the Trinidadian economy, including an assessment of the relative dominance of energy exports in the economy, and ...
... and policies are assessed in order to craft policy recommendations to ensure sustained future growth and prosperity. The diagnostic begins with a discussion of the structural features of the Trinidadian economy, including an assessment of the relative dominance of energy exports in the economy, and ...
How Growth Deceleration in the People`s Republic of China Affects
... predictions may be somewhat optimistic, as their simulation predicted growth at 7.8%–8.7% in 2011– 2015, which is higher than likely actual growth rates. The paper pointed out that the key to mitigating the adverse impact of an aging population lies in improving labor productivity. Li and Lou (2015) ...
... predictions may be somewhat optimistic, as their simulation predicted growth at 7.8%–8.7% in 2011– 2015, which is higher than likely actual growth rates. The paper pointed out that the key to mitigating the adverse impact of an aging population lies in improving labor productivity. Li and Lou (2015) ...
SAVING IS THE ACCOUNTING RECORD OF INVESTMENT
... units is a spectacular macroeconomic illustration of the “fallacy of composition”. This fallacy has been reinforced by the unfortunate use of the colloquial verb “to save”, with its very powerful transitive volitional connotations for an economic term which is simply an intransitive accounting defin ...
... units is a spectacular macroeconomic illustration of the “fallacy of composition”. This fallacy has been reinforced by the unfortunate use of the colloquial verb “to save”, with its very powerful transitive volitional connotations for an economic term which is simply an intransitive accounting defin ...
4. Long-term trends of income inequality in Germany: applied theory
... primary importance for the analysis, one should not forget to focus on the perspective of developed nations, particularly of those with a democratic background. In this context, it is important to mention that inequality is not considered as an adverse thing per se, but rather as the norm. However, ...
... primary importance for the analysis, one should not forget to focus on the perspective of developed nations, particularly of those with a democratic background. In this context, it is important to mention that inequality is not considered as an adverse thing per se, but rather as the norm. However, ...
The Government Transfer Multiplier
... Despite the focus on the government purchase multiplier in the literature (Woodford 2010, Christiano et al 2011, Cogan et al 2010), the majority of the increase in government spending during the global financial crisis was government transfers to households, not government purchases. According to Oh ...
... Despite the focus on the government purchase multiplier in the literature (Woodford 2010, Christiano et al 2011, Cogan et al 2010), the majority of the increase in government spending during the global financial crisis was government transfers to households, not government purchases. According to Oh ...
... expansion of intraregional trade and investment, and flexible domestic policies have enabled the region to sustain remarkably high growth rates, though with considerable variation among countries. Economic growth does not automatically bring about a socially optimal pattern of development. The objec ...
The Automotive Cluster in Morocco
... property protection. However, despite efforts to increase the public system’s transparency, for businesses it is still difficult to navigate the bureaucracy. Partial or full state ownership in various key sectors impedes rivalry and companies’ ability to design strategies. Demand conditions: Morocco ...
... property protection. However, despite efforts to increase the public system’s transparency, for businesses it is still difficult to navigate the bureaucracy. Partial or full state ownership in various key sectors impedes rivalry and companies’ ability to design strategies. Demand conditions: Morocco ...
CA NP 4 - Board of Commissioners of Public Utilities
... that occurred last spring, posting annualized growth of 3.5 per cent in the third quarter. However, the numbers are expected to show that the momentum dissipated in the fourth quarter, in line with flat employment growth and a downturn in consumer confidence. Moreover, throughout 2011, very low lend ...
... that occurred last spring, posting annualized growth of 3.5 per cent in the third quarter. However, the numbers are expected to show that the momentum dissipated in the fourth quarter, in line with flat employment growth and a downturn in consumer confidence. Moreover, throughout 2011, very low lend ...
Good Booms, Bad Booms - Penn Arts and Sciences
... necessarily the result of large negative shocks.1 In this paper we study 34 countries over 50 years and show that credit booms are not rare; that some end in crises (bad booms) but others do not (good booms).2 The natural question is whether these two types of booms just differ in how they end or ar ...
... necessarily the result of large negative shocks.1 In this paper we study 34 countries over 50 years and show that credit booms are not rare; that some end in crises (bad booms) but others do not (good booms).2 The natural question is whether these two types of booms just differ in how they end or ar ...
Does the shift of FDI from manufacturing to services accelerate
... sector share shrank in all high-income countries except for Japan from 25 to 20% between 1980 and1998 in a phenomenon sometimes called “deindustrialization”. A voluminous literature examines the relation between total FDI and aggregate growth.4 Previous studies on spillover effects of total FDI usu ...
... sector share shrank in all high-income countries except for Japan from 25 to 20% between 1980 and1998 in a phenomenon sometimes called “deindustrialization”. A voluminous literature examines the relation between total FDI and aggregate growth.4 Previous studies on spillover effects of total FDI usu ...
Growing the Impact Economy in Greater Philadelphia
... understanding of what it will take for Philadelphia to be a national, and even a global, leader in the development of the impact economy—both to improve social outcomes in our community and to create a new source of economic activity in our region. We hope to better understand the nature of the impa ...
... understanding of what it will take for Philadelphia to be a national, and even a global, leader in the development of the impact economy—both to improve social outcomes in our community and to create a new source of economic activity in our region. We hope to better understand the nature of the impa ...
The profit maximizing level of output is found by equating its
... ► 0% and 1%. ► 0% and 50%. ► 50% and 100%. ► 0% and 100%. Question No: 46 ( Marks: 1 ) - Please choose one Money is defined as an item that: ► Serves as a medium of exchange for goods and services. ► Can be converted into silver with relatively little loss in value. ► Can be converted into gold with ...
... ► 0% and 1%. ► 0% and 50%. ► 50% and 100%. ► 0% and 100%. Question No: 46 ( Marks: 1 ) - Please choose one Money is defined as an item that: ► Serves as a medium of exchange for goods and services. ► Can be converted into silver with relatively little loss in value. ► Can be converted into gold with ...
Slide 1
... and rivalry in oligopolistic industries (industries composed of a limited number of large firms) ...
... and rivalry in oligopolistic industries (industries composed of a limited number of large firms) ...
The impacTs of social aND ecoNomic iNequality on economic
... determine the characteristics of both the demand and supply of labour fall outside the scope of such policy. The role of social grants as a direct income source within the context of income inequality, and its impacts on inequality are then considered. While at an aggregate level, the impact of soci ...
... determine the characteristics of both the demand and supply of labour fall outside the scope of such policy. The role of social grants as a direct income source within the context of income inequality, and its impacts on inequality are then considered. While at an aggregate level, the impact of soci ...
The Effects of Natural Disasters on Long Run Growth Aaron Popp
... Substitution away from physical capital accumulation may have a net positive effect on human capital accumulation despite the factors discussed above. Since the risk to physical capital increases because of natural disasters, investment in human capital becomes relatively more attractive. People and ...
... Substitution away from physical capital accumulation may have a net positive effect on human capital accumulation despite the factors discussed above. Since the risk to physical capital increases because of natural disasters, investment in human capital becomes relatively more attractive. People and ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.