Revised paper PDF 0.5 MB - Productivity Commission
... Aulin-Ahmavaara (2003) and Jorgenson, Gollop and Fraumeni (1987) state that the Domar aggregation formula in its original form requires the assumption that all the industries pay the same prices for their capital and labour inputs. However, in the paper we show that the original Domar aggregation fo ...
... Aulin-Ahmavaara (2003) and Jorgenson, Gollop and Fraumeni (1987) state that the Domar aggregation formula in its original form requires the assumption that all the industries pay the same prices for their capital and labour inputs. However, in the paper we show that the original Domar aggregation fo ...
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... This fall is particularly damaging when the capital belongs to the people of the affected country, because not only are the citizens now burdened by the loss of faith in the economy and devaluation of their currency, but probably also their assets have lost much of their Real versus nominal value (e ...
... This fall is particularly damaging when the capital belongs to the people of the affected country, because not only are the citizens now burdened by the loss of faith in the economy and devaluation of their currency, but probably also their assets have lost much of their Real versus nominal value (e ...
AGGREGATION IN PRODUCTION FUNCTIONS: WHAT APPLIED
... (1961-62), aggregate production functions are seen as parables. Finally, it has been argued that, for the empirical applications where aggregate production functions are used (e.g., growth accounting and econometric estimation), there is no other choice. An evaluation of these answers is provided a ...
... (1961-62), aggregate production functions are seen as parables. Finally, it has been argued that, for the empirical applications where aggregate production functions are used (e.g., growth accounting and econometric estimation), there is no other choice. An evaluation of these answers is provided a ...
Using Expenditure PPPs for Sectoral Output and Productivity
... productivity. MFP and labor productivity measures are not independent of each other. Multifactor productivity measures can be used to explain single-factor productivity differences. For example, differences in labor productivity levels can be explained by differences in the ratio of capital to labor ...
... productivity. MFP and labor productivity measures are not independent of each other. Multifactor productivity measures can be used to explain single-factor productivity differences. For example, differences in labor productivity levels can be explained by differences in the ratio of capital to labor ...
The American Value Shopper in a Down Economy: Demographic, Marketing,
... and the U.S. economy sways into its most significant downturn in years, with grim forecasts about the possibility of a recession adding to their uncertainty and anxiety. Following the subprime crisis, banks are becoming more selective about extending credit, and the borrow-and-buy bubble that powere ...
... and the U.S. economy sways into its most significant downturn in years, with grim forecasts about the possibility of a recession adding to their uncertainty and anxiety. Following the subprime crisis, banks are becoming more selective about extending credit, and the borrow-and-buy bubble that powere ...
Monthly Bulletin articles, January 2004
... the profit mark-up (over unit labour costs) indicator. The change in the profit mark-up is usually calculated by reference to the difference between the rate of growth in the gross value added deflator and that in unit labour costs. It should be noted that this can only be a crude approximation, as ...
... the profit mark-up (over unit labour costs) indicator. The change in the profit mark-up is usually calculated by reference to the difference between the rate of growth in the gross value added deflator and that in unit labour costs. It should be noted that this can only be a crude approximation, as ...
A History of Economic Thought
... into certain features of the real world, but blur others that lie beyond their central focus. No single system, in other words, can do everything. Indeed, its strengths and weaknesses are the reverse sides of the same coin. This attribute of theoretical constructions in economics provides a further ...
... into certain features of the real world, but blur others that lie beyond their central focus. No single system, in other words, can do everything. Indeed, its strengths and weaknesses are the reverse sides of the same coin. This attribute of theoretical constructions in economics provides a further ...
Statistics on SDGs: Accounting for Informal Sector in National
... identified, which include misreporting, under-ground and illegal activities. For instance, misreporting involves under-reporting of output and/or over-reporting of intermediate consumption in order to avoid paying income tax, while illegal activities include sale of stolen goods, prostitution, deal ...
... identified, which include misreporting, under-ground and illegal activities. For instance, misreporting involves under-reporting of output and/or over-reporting of intermediate consumption in order to avoid paying income tax, while illegal activities include sale of stolen goods, prostitution, deal ...
MARXIAN CRISIS THEORY AND THE POSTWAR U. S. ECONOMY
... to the more prosperous conditions of the “golden age”? According to this Marxian theory, the rate of profit varies directly with the profit per worker, and varies inversely with the capital per worker and the ratio of unproductive labor to productive labor. Therefore, there are three main ways to in ...
... to the more prosperous conditions of the “golden age”? According to this Marxian theory, the rate of profit varies directly with the profit per worker, and varies inversely with the capital per worker and the ratio of unproductive labor to productive labor. Therefore, there are three main ways to in ...
The trillion-dollar difference.
... not only significant financial value but also valuegeneration capability to organizations: potential and appreciation. The performance of people can be influenced; hence it has great potential. By creating the right environments, CEOs can raise performance and release discretionary effort—the hustle ...
... not only significant financial value but also valuegeneration capability to organizations: potential and appreciation. The performance of people can be influenced; hence it has great potential. By creating the right environments, CEOs can raise performance and release discretionary effort—the hustle ...
Economic Values and Resource Use - Bortom BNP
... As long as real prices are concerned, as opposed to nominal prices, there is no difference between the two terms in practice. The labor theory of value was first introduced by Adam Smith, who claimed that the natural price or exchange value of a commodity is related to its cost of production, which ...
... As long as real prices are concerned, as opposed to nominal prices, there is no difference between the two terms in practice. The labor theory of value was first introduced by Adam Smith, who claimed that the natural price or exchange value of a commodity is related to its cost of production, which ...
Validity of the economic thoughts of Keynes and Marx for the 21st
... capacity in shrinking traditional industries but also in the need to transform by new investments the productive processes of industries with still salable products but outmoded method... Both the incentive to apply advanced labour-saving technology and the actual development of such techniques have ...
... capacity in shrinking traditional industries but also in the need to transform by new investments the productive processes of industries with still salable products but outmoded method... Both the incentive to apply advanced labour-saving technology and the actual development of such techniques have ...
Keynes and Marx - Post-Keynesian Economics Study Group
... Soon after the publication of The General Theory, Keynes manifested his dissatisfaction with the ‘final product’ of the intellectual process which had started in 1931-32 and he stated an intention to re-cast his ideas in a clearer and more satisfactory way. Joan Robinson thought that starting from M ...
... Soon after the publication of The General Theory, Keynes manifested his dissatisfaction with the ‘final product’ of the intellectual process which had started in 1931-32 and he stated an intention to re-cast his ideas in a clearer and more satisfactory way. Joan Robinson thought that starting from M ...
Monetary Endogeneity and the Quantity Theory
... can be raised to the Value of 20; or that 19 Grains or Ounces of Silver shall at the same time exchange for, or buy as much Corn, Oyl, or Wine, as 20; which is to raise it to the Value of 20.”6 Ironically, as we shall see below, Ricardo argued (in his case on the basis of a sound understanding of th ...
... can be raised to the Value of 20; or that 19 Grains or Ounces of Silver shall at the same time exchange for, or buy as much Corn, Oyl, or Wine, as 20; which is to raise it to the Value of 20.”6 Ironically, as we shall see below, Ricardo argued (in his case on the basis of a sound understanding of th ...
Neoclassical theories of stationary relative prices and the supply of
... Here, we set out to address the issue of the neoclassical conception of the market for capital, with its given existing stock, in reverse order. We shall start from the neo-Walrasian stationary equilibrium model (sec. 2) in order to use it as a benchmark in the analysis of the early equilibrium mode ...
... Here, we set out to address the issue of the neoclassical conception of the market for capital, with its given existing stock, in reverse order. We shall start from the neo-Walrasian stationary equilibrium model (sec. 2) in order to use it as a benchmark in the analysis of the early equilibrium mode ...
“Third persons” and reproduction
... impossible without involvement of “third persons” not belonging to capitalism (the principal thesis of all underconsumption theories and/or theories of absolute immiseration) the conclusion is that “on the question of accumulation, mathematical problems can prove absolutely nothing, since their hist ...
... impossible without involvement of “third persons” not belonging to capitalism (the principal thesis of all underconsumption theories and/or theories of absolute immiseration) the conclusion is that “on the question of accumulation, mathematical problems can prove absolutely nothing, since their hist ...
PDF
... model with capital-skill complementarity,9 both technology characterisations could be consistent with the observed pattern of long run technical change. Where they differ, however, is in their implications for short run behaviour. In the short run the physical capital stock is sector-specific. A cap ...
... model with capital-skill complementarity,9 both technology characterisations could be consistent with the observed pattern of long run technical change. Where they differ, however, is in their implications for short run behaviour. In the short run the physical capital stock is sector-specific. A cap ...
Why the study of economics is divided into two parts like
... year’ , ‘Dividends in one year’ and ‘Yearly return’ variables to this sheet. Give any value to the ‘First Investment’ , ‘Portfolio value after one year’ and ‘Dividends in one year’ variables. Evaluate ‘yearly return’ as an excel formula and then calculate and show result via percentage. 28. Which fa ...
... year’ , ‘Dividends in one year’ and ‘Yearly return’ variables to this sheet. Give any value to the ‘First Investment’ , ‘Portfolio value after one year’ and ‘Dividends in one year’ variables. Evaluate ‘yearly return’ as an excel formula and then calculate and show result via percentage. 28. Which fa ...
Productivity and Competitiveness Indicators 1990 to 2000
... Productivity expresses the relationship between the output of goods and services (real output) and the various inputs required for production (e.g. labour and capital). Two important productivity indicators used are: labour productivity, that is, the ratio of real output to labour input, and capital ...
... Productivity expresses the relationship between the output of goods and services (real output) and the various inputs required for production (e.g. labour and capital). Two important productivity indicators used are: labour productivity, that is, the ratio of real output to labour input, and capital ...
ppt
... Introduction • Modularity • Sub Procedures • Arguments – Pass By Value – Pass By Reference ...
... Introduction • Modularity • Sub Procedures • Arguments – Pass By Value – Pass By Reference ...
Productivity and Competitiveness Indicators 1990 to 2000
... compensation per hour. However, due to lack of data, the total number of persons engaged, defined as employers, own account workers, contributing family workers and employees in any type of economic activity is used. Prior to 2000, employment for year n was calculated as the average of employment at ...
... compensation per hour. However, due to lack of data, the total number of persons engaged, defined as employers, own account workers, contributing family workers and employees in any type of economic activity is used. Prior to 2000, employment for year n was calculated as the average of employment at ...
Word - Statistics Mauritius
... and the various inputs required for production (e.g. labour and capital). Two important productivity indicators used are: labour productivity, that is, the ratio of real output to labour input, and capital productivity, the ratio of real output to stock of fixed capital used in the production proces ...
... and the various inputs required for production (e.g. labour and capital). Two important productivity indicators used are: labour productivity, that is, the ratio of real output to labour input, and capital productivity, the ratio of real output to stock of fixed capital used in the production proces ...
Productivity and Competitiveness Indicators 1990 to 2000
... compensation per hour. However, due to lack of data, the total number of persons engaged, defined as employers, own account workers, contributing family workers and employees in any type of economic activity is used. Prior to 2000, employment for year n was calculated as the average of employment at ...
... compensation per hour. However, due to lack of data, the total number of persons engaged, defined as employers, own account workers, contributing family workers and employees in any type of economic activity is used. Prior to 2000, employment for year n was calculated as the average of employment at ...
The long roots of the present crisis
... this is capitalism’s Achilles’ heel. The accumulated cost of investing in new plant, equipment etc. inexorably rises compared to the size and cost of the labor force. As only labor can create value (a point to be empirically substantiated below), the value and surplus value generated by the capitals ...
... this is capitalism’s Achilles’ heel. The accumulated cost of investing in new plant, equipment etc. inexorably rises compared to the size and cost of the labor force. As only labor can create value (a point to be empirically substantiated below), the value and surplus value generated by the capitals ...
the circular flow of income in the economy
... Given only the nominal value and price, derivation of a real value is immediate: real value of bundle i = Pi x Qi/Pi = Qi = 50/5 = 10. The price "deflates" (divides) the nominal value to derive a real value, the quantity itself. Similarly for a series of years, say five, given only nominal values of ...
... Given only the nominal value and price, derivation of a real value is immediate: real value of bundle i = Pi x Qi/Pi = Qi = 50/5 = 10. The price "deflates" (divides) the nominal value to derive a real value, the quantity itself. Similarly for a series of years, say five, given only nominal values of ...