ICT is Closely Related to Economic Growth
... *Baseline scenario: This assumes that the global economy, which is rapidly slipping into recession, will recover moderately in fiscal 2010. Accelerated investment scenario: This assumes, in addition to the assumption of the baseline scenario, that private-sector corporate capital expenditures will s ...
... *Baseline scenario: This assumes that the global economy, which is rapidly slipping into recession, will recover moderately in fiscal 2010. Accelerated investment scenario: This assumes, in addition to the assumption of the baseline scenario, that private-sector corporate capital expenditures will s ...
A dynamic ARDL model
... and productive capital. He argued that financial repression reduces the demand for money in favor of productive capital, thereby increasing the capital/labor ratio and accelerating economic growth. McKinnon (1973) and Shaw (1973) were the first to formalize the theory of interest rate liberalization ...
... and productive capital. He argued that financial repression reduces the demand for money in favor of productive capital, thereby increasing the capital/labor ratio and accelerating economic growth. McKinnon (1973) and Shaw (1973) were the first to formalize the theory of interest rate liberalization ...
Textbook Solutions Ch.15
... and can lead to higher output per capita for a long period after the war. 7. What is meant by the globalisation of international trade? Discuss its advantages and disadvantages for the less developed economies with agriculture as the dominant economic sector. Globalisation of international trade mea ...
... and can lead to higher output per capita for a long period after the war. 7. What is meant by the globalisation of international trade? Discuss its advantages and disadvantages for the less developed economies with agriculture as the dominant economic sector. Globalisation of international trade mea ...
La congiuntura e le prospettive
... return to close to previous trend growth rates is more or less accomplished by 2012”) is certainly far from true for Italy. ...
... return to close to previous trend growth rates is more or less accomplished by 2012”) is certainly far from true for Italy. ...
Measuring a Nation’s Income
... Gross domestic product (GDP) is a measure of the income and expenditures of an economy. It is the total market value of all final goods and services produced within a country in a given period of time. The equality of income and expenditure can be illustrated with the circular-flow diagram. ...
... Gross domestic product (GDP) is a measure of the income and expenditures of an economy. It is the total market value of all final goods and services produced within a country in a given period of time. The equality of income and expenditure can be illustrated with the circular-flow diagram. ...
Boom Regional Economy & Develop Catering Industry in Small Towns
... Commerce occupies a large proportion. Each city of Latin America is full of small shops and vendors. In addition, about 32% of Brazil urban population, most of which are female, are engaged in domestic service[3]. 2.3 The feasibility of promoting the development of small towns through catering indus ...
... Commerce occupies a large proportion. Each city of Latin America is full of small shops and vendors. In addition, about 32% of Brazil urban population, most of which are female, are engaged in domestic service[3]. 2.3 The feasibility of promoting the development of small towns through catering indus ...
Nominal GDP vs Real GDP Practice GDP tells us how much an
... GDP tells us how much an economy is producing. “Current-dollar GDP” tells us the value of current production at current prices. This can be misleading if we don’t account for changes in prices. To figure out if GDP is changing because of increased output or because of increased prices, we have to ad ...
... GDP tells us how much an economy is producing. “Current-dollar GDP” tells us the value of current production at current prices. This can be misleading if we don’t account for changes in prices. To figure out if GDP is changing because of increased output or because of increased prices, we have to ad ...
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... flects the growing gap between domestic savings and investment. While investment continues to rise, domestic savings remain low. The low savings rate is caused by both low savings of private households, declining to around 1 percent of disposable income, and high negative government savings. Compare ...
... flects the growing gap between domestic savings and investment. While investment continues to rise, domestic savings remain low. The low savings rate is caused by both low savings of private households, declining to around 1 percent of disposable income, and high negative government savings. Compare ...
Working Paper Explaining Global Financial Imbalances: A Critique of the Saving Glut
... That left unchanged the core theory regarding the benefits of trade based on comparative advantage, but trade deficits were now presented as a good thing, reflecting market choices that benefit economic agents. In the 1990s, trade deficits were also dismissed by appeal to “new economy” chatter that ...
... That left unchanged the core theory regarding the benefits of trade based on comparative advantage, but trade deficits were now presented as a good thing, reflecting market choices that benefit economic agents. In the 1990s, trade deficits were also dismissed by appeal to “new economy” chatter that ...
Renminbi Undervaluation, China`s Surplus, and the US Trade Deficit
... “An undervalued renminbi is widely considered to have contributed to large Chinese current account surpluses in recent years and, correspondingly, to large US current account deficits.” A recent empirical study at the US Federal Reserve finds even higher price elasticities for China’s exports.5 The ...
... “An undervalued renminbi is widely considered to have contributed to large Chinese current account surpluses in recent years and, correspondingly, to large US current account deficits.” A recent empirical study at the US Federal Reserve finds even higher price elasticities for China’s exports.5 The ...
NCEA Level 2 Economics (91224) 2013 Assessment Schedule
... (i) Detailed explanation of how our European trading partners being in recession would reduce growth, due to the decrease in exports / exporters’ revenue, exporters will be consuming / investing less – therefore there is less AD (may discuss components of AD - X plus others) / less future increase i ...
... (i) Detailed explanation of how our European trading partners being in recession would reduce growth, due to the decrease in exports / exporters’ revenue, exporters will be consuming / investing less – therefore there is less AD (may discuss components of AD - X plus others) / less future increase i ...
Productivity Adjustment for Compensation
... forth. That contributed to the overall government services [which include components other than compensation] in Lao being almost as high as in Thailand [56.1 vs. 60.5 of Hong Kong, respectively] and more than half of Hong Kong level. The picture significantly changes after the adjustment. The table ...
... forth. That contributed to the overall government services [which include components other than compensation] in Lao being almost as high as in Thailand [56.1 vs. 60.5 of Hong Kong, respectively] and more than half of Hong Kong level. The picture significantly changes after the adjustment. The table ...
Chapter-24
... Where produced: Only goods and services that are produced within a country count as part of that country’s GDP. For example, Nike Corporation, a US firm, produces sneakers in China; the market value of those shoes is part of China’s GDP, not part of US GDP. When produced: GDP measures the value of p ...
... Where produced: Only goods and services that are produced within a country count as part of that country’s GDP. For example, Nike Corporation, a US firm, produces sneakers in China; the market value of those shoes is part of China’s GDP, not part of US GDP. When produced: GDP measures the value of p ...
Business Perceptions and Transition to Democracy in Chile
... information in an imperfect world. The inability to achieve the perfect information shared among all actors that is a necessary condition for the efficiency arguments of neoliberal microeconomic analysis implies that business decisions must be made under uncertainty. In addition, it implies that, ev ...
... information in an imperfect world. The inability to achieve the perfect information shared among all actors that is a necessary condition for the efficiency arguments of neoliberal microeconomic analysis implies that business decisions must be made under uncertainty. In addition, it implies that, ev ...
the relationships between gdp, export and investment: case study iran
... achieve a high desirable economic growth rate. Planners always regarded this economic signal. Therefore, factors which impact it are important for planners and policymakers. World Bank studies show causes such as high rates of savings, investment, a large proportion of exports in GDP, based on expor ...
... achieve a high desirable economic growth rate. Planners always regarded this economic signal. Therefore, factors which impact it are important for planners and policymakers. World Bank studies show causes such as high rates of savings, investment, a large proportion of exports in GDP, based on expor ...
Chinese economic reform
The Chinese economic reform (simplified Chinese: 改革开放; traditional Chinese: 改革開放; pinyin: Gǎigé kāifàng; literally: ""Reform & Opening up"") refers to the program of economic reforms called ""Socialism with Chinese characteristics"" in the People's Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China (CPC) led by Deng Xiaoping.China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated since the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s.Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.The success of China's economic policies and the manner of their implementation has resulted in immense changes in Chinese society. Large-scale government planning programs alongside market characteristics have minimized poverty, while incomes and income inequality have increased, leading to a backlash led by the New Left. In the academic scene, scholars have debated the reason for the success of the Chinese ""dual-track"" economy, and have compared them to attempts to reform socialism in the East Bloc and the Soviet Union, and the growth of other developing economies.