FRBSF E L CONOMIC ETTER
... focuses on the output gap as well as on inflation. If inflation is under control, a negative output gap is a signal that policy should be more expansionary, thereby speeding the elimination of the output gap and returning actual GDP to potential GDP. For example, the Fed’s policy of maintaining its ...
... focuses on the output gap as well as on inflation. If inflation is under control, a negative output gap is a signal that policy should be more expansionary, thereby speeding the elimination of the output gap and returning actual GDP to potential GDP. For example, the Fed’s policy of maintaining its ...
Robots Seem to Be Improving Productivity, Not Costing Jobs
... In the end, the new data are important because they dispel at least some of the robotics productivity paradox. Assuming more analyses fall into line with Graetz’ and Michael’s work it will be possible to say that robots have become visible in the productivity data — and that the data and observed re ...
... In the end, the new data are important because they dispel at least some of the robotics productivity paradox. Assuming more analyses fall into line with Graetz’ and Michael’s work it will be possible to say that robots have become visible in the productivity data — and that the data and observed re ...
EF3450 Principles of Econometrics
... 2. The economic integration with the Mainland China gives rise to the demand for producer services in HK, because Mainland China hinterland is actually home to 2/3 of HK’s relocated industries. The higher demand provides incentives for the introduction of new technology to lower cost and improve eff ...
... 2. The economic integration with the Mainland China gives rise to the demand for producer services in HK, because Mainland China hinterland is actually home to 2/3 of HK’s relocated industries. The higher demand provides incentives for the introduction of new technology to lower cost and improve eff ...
Timothy Kehoe - Banco Central do Brasil
... movements in the productivity factor as exogenous can explain most of the 1929-1933 downturn in the United States. The model over predicts the increase in hours worked during the 1933-1939 recovery. ...
... movements in the productivity factor as exogenous can explain most of the 1929-1933 downturn in the United States. The model over predicts the increase in hours worked during the 1933-1939 recovery. ...
CAPE 3rd Annual Engineering Knowledge Conference Wednesday
... (e.g., telecommunications) and apparent easing of foreign ownership restrictions Canada already one of the most market-oriented economies in the world Still some interprovincial barriers to trade (e.g. provincial procurement policies) and labour mobility (recognition of professional credentials) Sti ...
... (e.g., telecommunications) and apparent easing of foreign ownership restrictions Canada already one of the most market-oriented economies in the world Still some interprovincial barriers to trade (e.g. provincial procurement policies) and labour mobility (recognition of professional credentials) Sti ...
Mike Oren - Iowa State University
... Mills’s motivational-mechanisms: Enlightenment thinking has led to a blind faith in rational thinking at the expense of reason. The elite intellectuals focus on rational thought in order to improve efficiency at the cost of individuality, becoming an industrial and commerce apparatus where the indiv ...
... Mills’s motivational-mechanisms: Enlightenment thinking has led to a blind faith in rational thinking at the expense of reason. The elite intellectuals focus on rational thought in order to improve efficiency at the cost of individuality, becoming an industrial and commerce apparatus where the indiv ...
Blame It on the Machines?
... see the kind of productivity growth that is consistent with a technological revolution. While we sometimes see fast technological change in specific industries—fracking in the oil sector is one example—economy-wide technological transitions often play out over long periods. After the first central p ...
... see the kind of productivity growth that is consistent with a technological revolution. While we sometimes see fast technological change in specific industries—fracking in the oil sector is one example—economy-wide technological transitions often play out over long periods. After the first central p ...
Real Business Cycles - Villanova University
... • Prior to RBC theory the mainstream idea was that aggregate demand caused business cycles (e.g. Keynesian IS-LM model) • Can a dynamic competitive equilibrium (CE) model provide an explanation of business cycles? • In CE without investment, there is no persistence (HW ...
... • Prior to RBC theory the mainstream idea was that aggregate demand caused business cycles (e.g. Keynesian IS-LM model) • Can a dynamic competitive equilibrium (CE) model provide an explanation of business cycles? • In CE without investment, there is no persistence (HW ...
Agricultural Productivity and Economic Growth
... • It basically cover the period b/n 1981 and 2005 • those economies which had reasonably large relative size of agriculture sector in the early 1980’s are considered( i.e. mostly more than 20 % of GDP) • In order to see clearly the impact of openness of the economies, of the identified countries onl ...
... • It basically cover the period b/n 1981 and 2005 • those economies which had reasonably large relative size of agriculture sector in the early 1980’s are considered( i.e. mostly more than 20 % of GDP) • In order to see clearly the impact of openness of the economies, of the identified countries onl ...
Chap017 - John Zietlow
... population increases at a geometric rate while food supplies increase arithmetically • Actual output – including agricultural products – has increased at a geometric rate, not at the much slower rate predicted by Malthus ...
... population increases at a geometric rate while food supplies increase arithmetically • Actual output – including agricultural products – has increased at a geometric rate, not at the much slower rate predicted by Malthus ...
Open
... measurement of government output” … also covering productivity and inputs Think of: GDP (Expenditure) -> General government final consumption expenditure Money: purchases made to provide services Volume: services produced (21% of GDP) But GDP (Output) follows same principles ...
... measurement of government output” … also covering productivity and inputs Think of: GDP (Expenditure) -> General government final consumption expenditure Money: purchases made to provide services Volume: services produced (21% of GDP) But GDP (Output) follows same principles ...
Chapter 7 - Economic Growth
... – Higher in rich countries – Depends on • Supply of human & physical capital • State of technology ...
... – Higher in rich countries – Depends on • Supply of human & physical capital • State of technology ...
The Narrative of a Revolutionized Economy
... development of steam powered railroads and steamboats deconstructed this inefficient system and introduced advanced transportation that could be utilized by all. Historian George Taylor asserts that the innovations in transportation improved the foundation of mobility and thus revolutionized how bus ...
... development of steam powered railroads and steamboats deconstructed this inefficient system and introduced advanced transportation that could be utilized by all. Historian George Taylor asserts that the innovations in transportation improved the foundation of mobility and thus revolutionized how bus ...
Answer to hw1
... per capita will be the growth rate of productivity (output per worker) plus the growth rate of the labour force participation ratio minus the growth rate of the dependency ratio; or the growth rate depends positively in productivity and labor force participation growth and negatively on dependency g ...
... per capita will be the growth rate of productivity (output per worker) plus the growth rate of the labour force participation ratio minus the growth rate of the dependency ratio; or the growth rate depends positively in productivity and labor force participation growth and negatively on dependency g ...
Preface: Technology, Growth, and the Labor Market
... surge in labor productivity growth during the latter half of the 1990s and presented forecasts of labor productivity growth rates during the next few years. The two papers are similar in their methodologies and findings and also dovetail with recent research by Baily (2001). Dale W. Jorgenson, Mun S ...
... surge in labor productivity growth during the latter half of the 1990s and presented forecasts of labor productivity growth rates during the next few years. The two papers are similar in their methodologies and findings and also dovetail with recent research by Baily (2001). Dale W. Jorgenson, Mun S ...
Productivity Growth in the US and EU: Possible Lessons for India?
... Intangible capital became important after ICT boom – Productivity benefits of ICT investment could have been delayed – Mismeasurement of timing of productivity growth ...
... Intangible capital became important after ICT boom – Productivity benefits of ICT investment could have been delayed – Mismeasurement of timing of productivity growth ...
Y BRIEFS MPFD POLIC Increasing agricultural productivity for sustainable development:
... is not only explained by a misallocation of labour but also by the usage of relatively inefficient production methods. An improvement in production methods, proxied by total factor productivity (TFP), could significantly contribute to the alleviation of poverty by increasing agricultural incomes. In ...
... is not only explained by a misallocation of labour but also by the usage of relatively inefficient production methods. An improvement in production methods, proxied by total factor productivity (TFP), could significantly contribute to the alleviation of poverty by increasing agricultural incomes. In ...
Presentation
... • The legacy has big costs in this period including not achieving the Eichengreen cooperative equilibrium • Craft control was increasingly costly as American mass-production methods improved further • Multi- (relative to single-) unionism implied a reduction of 0.75 percentage points per year in TFP ...
... • The legacy has big costs in this period including not achieving the Eichengreen cooperative equilibrium • Craft control was increasingly costly as American mass-production methods improved further • Multi- (relative to single-) unionism implied a reduction of 0.75 percentage points per year in TFP ...
Slide 1
... manufacturing, finance and trade. Advances in ICT technologies in the next 20 years will mostly be in “ubiquitous” computing and communications pervading all facets of economic life. Computerised controllers will be more widely used in manufacturing, mining, construction, agricultural and transp ...
... manufacturing, finance and trade. Advances in ICT technologies in the next 20 years will mostly be in “ubiquitous” computing and communications pervading all facets of economic life. Computerised controllers will be more widely used in manufacturing, mining, construction, agricultural and transp ...
File - the best world history site
... The Fossil Fuel Revolution The biological old regime ends when vast new sources of energy come into use: Coal Electricity Gas Petroleum Nuclear ...
... The Fossil Fuel Revolution The biological old regime ends when vast new sources of energy come into use: Coal Electricity Gas Petroleum Nuclear ...
the impact of innovation deflation
... Innovation’s Impact on Data Suffers a Significant Lag It is also possible, and indeed likely, that today’s innovations will foster an increase in growth and productivity after the economy has learned to better incorporate them into the fabric of business. This lag effect has occurred at various poin ...
... Innovation’s Impact on Data Suffers a Significant Lag It is also possible, and indeed likely, that today’s innovations will foster an increase in growth and productivity after the economy has learned to better incorporate them into the fabric of business. This lag effect has occurred at various poin ...