PP Slides - Haas School of Business
... Increasing Returns to Scale (IRS) means that equal proportionate increase in inputs to production results in a more than equal proportionate change in output. – This implies cost per unit for output falls as output rises. ...
... Increasing Returns to Scale (IRS) means that equal proportionate increase in inputs to production results in a more than equal proportionate change in output. – This implies cost per unit for output falls as output rises. ...
International Political Economy
... Actors are states defined by different factor endowments (capital rich, labor rich) Class interests are conflictual and exploitative Capital controls states and international organizations and promotes own interests ...
... Actors are states defined by different factor endowments (capital rich, labor rich) Class interests are conflictual and exploitative Capital controls states and international organizations and promotes own interests ...
Main proponent
... cannot simply respond freely to changes in the supply of workers. • Employers seeking to attract unskilled workers cannot for jobs at the botton of hierarchy cannot simply raise wages because by so doing they would change the defined relationships between status and reminaration • The cheaper soluti ...
... cannot simply respond freely to changes in the supply of workers. • Employers seeking to attract unskilled workers cannot for jobs at the botton of hierarchy cannot simply raise wages because by so doing they would change the defined relationships between status and reminaration • The cheaper soluti ...
Presentazione di PowerPoint
... Trade is a basic condition for economic development Trade spurs specialisation, allowing countries to focus on their products, having the possibility to import goods difficult to produce (i.e. lack of raw materials, of experienced workers) Massimiliano Di Pace ...
... Trade is a basic condition for economic development Trade spurs specialisation, allowing countries to focus on their products, having the possibility to import goods difficult to produce (i.e. lack of raw materials, of experienced workers) Massimiliano Di Pace ...
- Eric A. Hanushek
... on the skills of each country’s workforce. Skill changes are based on achieving universal basic skills in response to the changing performance of each country’s schools over a 15-year period ending in 2030. Over time, the knowledge capital of the nation improves as better-educated youth enter the la ...
... on the skills of each country’s workforce. Skill changes are based on achieving universal basic skills in response to the changing performance of each country’s schools over a 15-year period ending in 2030. Over time, the knowledge capital of the nation improves as better-educated youth enter the la ...
APEC and the New Economy
... Australia). Here is an economy that is using e-commerce in the domestic market to enhance resource usage and gains in productivity and welfare. The tallish import cone indicates that imports are in e-commerce intensive sectors, which, when combined with a tall readiness cylinder, implies that domest ...
... Australia). Here is an economy that is using e-commerce in the domestic market to enhance resource usage and gains in productivity and welfare. The tallish import cone indicates that imports are in e-commerce intensive sectors, which, when combined with a tall readiness cylinder, implies that domest ...
II.1. Critique of MPT/MDT
... Capital which exists at a given point of time is the (physical) embodiment of time of labor of past periods Capital represents this part of labor resource (in terms of labor time) being currently available to the society (economy) which can be used in the future The value of capital ever depends on ...
... Capital which exists at a given point of time is the (physical) embodiment of time of labor of past periods Capital represents this part of labor resource (in terms of labor time) being currently available to the society (economy) which can be used in the future The value of capital ever depends on ...
The Production Possibility Model, Trade, and Globalization
... • The PPC is bowed because individuals specialize in the production of goods for which they have a comparative advantage • For a society to produce on its PPC, individuals must produce those goods for which they have a comparative advantage and trade for other goods • According to Adam Smith, humank ...
... • The PPC is bowed because individuals specialize in the production of goods for which they have a comparative advantage • For a society to produce on its PPC, individuals must produce those goods for which they have a comparative advantage and trade for other goods • According to Adam Smith, humank ...
WHAT ARE THE MAJOR LESSONS FROM
... tracing the impact of selective policies and targeting on economic growth and structural change, the report concludes that there is no evidence that such active policies and forms of intervention had made any difference to the working of the economy. First, the industrial structure that developed co ...
... tracing the impact of selective policies and targeting on economic growth and structural change, the report concludes that there is no evidence that such active policies and forms of intervention had made any difference to the working of the economy. First, the industrial structure that developed co ...
NBER WORKING PAPER SERIES ARE NONCONVEXITIES IMPORTANT FOR UNDERSTANDING GROWTH?
... present. Nonetheless, what seems to be a robust result is that trade in goods between similar countries will lead to a welfare improving reallocation of resources used in research. (Romer 1990, Rivera—Batiz and Romer 1989). Because the countries are similar, the main ...
... present. Nonetheless, what seems to be a robust result is that trade in goods between similar countries will lead to a welfare improving reallocation of resources used in research. (Romer 1990, Rivera—Batiz and Romer 1989). Because the countries are similar, the main ...
NBER WORKING PAPER SERIES THE FISCAL STIMULUS OF 2009-10:
... JEL No. E62,F42,O23 ABSTRACT This paper studies the cross-country variation of the fiscal stimulus and the exchange rate adjustment propagated by the global crisis of 2008-9, identifying the role of economic structure in accounting for the heterogeneity of response. We find that greater de facto fis ...
... JEL No. E62,F42,O23 ABSTRACT This paper studies the cross-country variation of the fiscal stimulus and the exchange rate adjustment propagated by the global crisis of 2008-9, identifying the role of economic structure in accounting for the heterogeneity of response. We find that greater de facto fis ...
One solution for a bunch of problems?
... cost for the EU. If trade is on the level of private entities, there are compared to the no trade case - winners and losers of free trade: Net-buyers win, net-sellers lose. Considering opportunity costs for holding permits produces distortions that are not fully compensated by the rents linked to th ...
... cost for the EU. If trade is on the level of private entities, there are compared to the no trade case - winners and losers of free trade: Net-buyers win, net-sellers lose. Considering opportunity costs for holding permits produces distortions that are not fully compensated by the rents linked to th ...
Alternative Gravity Estimators
... can be a sensible place to start, to see if including or excluding zeros appears to make much of a difference empirically. • It is commonly used in the policy literature, but has no theoretical basis, and is approximate at best. ...
... can be a sensible place to start, to see if including or excluding zeros appears to make much of a difference empirically. • It is commonly used in the policy literature, but has no theoretical basis, and is approximate at best. ...
Theories of Economic Development
... emphasis on food and basic necessities to desires for diverse manufactured goods and services, international trade and resource use as well as changes in socioeconomic factors such as urbanization and the growth and distribution of a country’s population. The most significant explanation of this appr ...
... emphasis on food and basic necessities to desires for diverse manufactured goods and services, international trade and resource use as well as changes in socioeconomic factors such as urbanization and the growth and distribution of a country’s population. The most significant explanation of this appr ...
Economics Worksheet
... in the Region, equivalent to the National average. Services is by far the largest single sector at 51%, and is growing further in importance. Despite the economic handicaps the Region suffers, it does possess considerable economic potential. It is an area with a relatively unspoilt environment, ver ...
... in the Region, equivalent to the National average. Services is by far the largest single sector at 51%, and is growing further in importance. Despite the economic handicaps the Region suffers, it does possess considerable economic potential. It is an area with a relatively unspoilt environment, ver ...
Trade Protectionism
... If the limit is exceeded, the extra imports will be taxed at a much _______ higher tariff rate. It is voluntary in the sense that the exporting country can ______ freely decide the amount of exports given the tariff structure imposed by the importing country. Trade protectionism ...
... If the limit is exceeded, the extra imports will be taxed at a much _______ higher tariff rate. It is voluntary in the sense that the exporting country can ______ freely decide the amount of exports given the tariff structure imposed by the importing country. Trade protectionism ...
I. What is the Goal of Management?
... F. Currency Risk Sharing by importer and exporter to share risk VI. Economic Exposure (Operating exposure)—change in value of a firm due to unexpected changes in exchange rates A. All firms have economic exposure B. Impact of Economic Exposure varies C. Economic Exposure Management—be prepared for t ...
... F. Currency Risk Sharing by importer and exporter to share risk VI. Economic Exposure (Operating exposure)—change in value of a firm due to unexpected changes in exchange rates A. All firms have economic exposure B. Impact of Economic Exposure varies C. Economic Exposure Management—be prepared for t ...
Globalization and Underdevelopment
... Growth is proportional to net investment Problem: the evidence © Randall W. Stone, 2002 ...
... Growth is proportional to net investment Problem: the evidence © Randall W. Stone, 2002 ...
Investment for Profit and Human Promotion: A Bantu
... there is a growing consciousness of the fact that people increasingly belong to the same world thanks particularly to the progress of the communication technology. In this consciousness, the local and the global seem to belong together, and their interpenetration remains tied to market expansion and ...
... there is a growing consciousness of the fact that people increasingly belong to the same world thanks particularly to the progress of the communication technology. In this consciousness, the local and the global seem to belong together, and their interpenetration remains tied to market expansion and ...
news releases
... employees in industry increased (by 1.8%, i. e. by 19.7 thousand people) y-o-y; labour productivity (sales per employee) was 10.9% up. The y-o-y average monthly wage amounted to CZK 20 089 was up both nominally and really by 8.0% and 4.8%, respectively. Labour productivity grew faster and outstrippe ...
... employees in industry increased (by 1.8%, i. e. by 19.7 thousand people) y-o-y; labour productivity (sales per employee) was 10.9% up. The y-o-y average monthly wage amounted to CZK 20 089 was up both nominally and really by 8.0% and 4.8%, respectively. Labour productivity grew faster and outstrippe ...
Specific Factors Model - University of Notre Dame
... Specific-Factors Model • As in the Ricardian model, the country’s aggregate consumption is higher so welfare for the average consumer is higher. • However, in the specific factors model that does not imply that everyone is better off. When input ownership is not distributed evenly across consumers, ...
... Specific-Factors Model • As in the Ricardian model, the country’s aggregate consumption is higher so welfare for the average consumer is higher. • However, in the specific factors model that does not imply that everyone is better off. When input ownership is not distributed evenly across consumers, ...
annex-publicsector
... Cost-Effectiveness Analysis 6. Cost-effectiveness analysis asks whether the project achieved its outcomes at least cost compared to alternative ways of achieving the same outcomes. The analysis can use either the cost per unit of input or cost per unit of output. Whether benefits are measured in mon ...
... Cost-Effectiveness Analysis 6. Cost-effectiveness analysis asks whether the project achieved its outcomes at least cost compared to alternative ways of achieving the same outcomes. The analysis can use either the cost per unit of input or cost per unit of output. Whether benefits are measured in mon ...
Ethics and the Economics of Globalization
... Western governments and financial institutions helped sustain repressive dictators (Megistu in Ethiopia, Mobutu in Congo) – But today country’s face burden of paying back debts incurred – Even when money went, effectively, to suppress fight for democracy and human rights Lenders should be put on not ...
... Western governments and financial institutions helped sustain repressive dictators (Megistu in Ethiopia, Mobutu in Congo) – But today country’s face burden of paying back debts incurred – Even when money went, effectively, to suppress fight for democracy and human rights Lenders should be put on not ...