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pg07 Daveri  5064423 en
pg07 Daveri 5064423 en

... on the extent of international outsourcing of intermediates and market services as well as their productivity counterpart for Italy’s manufacturing industries. Intermediate purchases is obtained adding up the purchases of each industry i from the other manufacturing industries inclusive of industry ...
The Data of Macroeconomics
The Data of Macroeconomics

... The same logic applies to a nation’s overall economy. When judging whether the economy is doing well or poorly, it is natural to look at the total income that everyone in the economy is earning. That is the task of gross domestic product (GDP). GDP measures two things at once: the total income of ev ...
Analysis of revisions to quarterly GDP – a real-time database Cath Sleeman
Analysis of revisions to quarterly GDP – a real-time database Cath Sleeman

... Gross Domestic Product (GDP) is one of the key data series used by the Reserve Bank to inform monetary policy decisions. The measures of GDP, published by Statistics New Zealand (SNZ), are estimates rather than exact figures and may be revised in subsequent releases. Analysis of the most recent measu ...
The Performance of Manufacturing Sector in
The Performance of Manufacturing Sector in

Chapter 24 - Measuring the Wealth of Nations
Chapter 24 - Measuring the Wealth of Nations

Measuring the Wealth of Nations
Measuring the Wealth of Nations

Openness and economic volatility
Openness and economic volatility

... enhanced variety of goods at lower cost to consumers . In addition, producers would be able to sell on world markets, thus earning more than if the same products were sold only on the domestic market (Jensen, 2004). In this sense, it may be argued that trade openness is conducive to economic growth, ...
Nominal GDP Targeting Rules: Can They Stabilize the Economy?
Nominal GDP Targeting Rules: Can They Stabilize the Economy?

Highways, Market Access, and Urban Growth in China
Highways, Market Access, and Urban Growth in China

... essentially no limited access highways in 1990, Chinese cities have experienced large variation in expansions of internal transport networks and market access since 1990. In 1990, ...
The CreaTive indusTries and The BriCs
The CreaTive indusTries and The BriCs

... are detailed and discussed below in section 3 for each country. ...
The Benefits of ITA Expansion for Developing Countries
The Benefits of ITA Expansion for Developing Countries

... companies. 22 In the United States, companies that were “intensive users of ICT” grew jobs at a rate of 5.1 percent from 2001 to 2009 (even while overall employment shrank 5.1 percent over that timeframe). 23 Another study found that U.S. corporations investing more in ICT increased their workforces ...
43rd ECONOMICS CONFERENCE 2015
43rd ECONOMICS CONFERENCE 2015

Shadow Economies All over the World
Shadow Economies All over the World

Shadow Economies All over the World
Shadow Economies All over the World

... definition of shadow economy activities, estimation procedures utilized, and the use of their estimates in economic and policy analysis.6 Nevertheless, there are some indications that the shadow economy has grown around the world, but little is known about the development and the size of the shadow ...
iNTERDEPENDENCE BETWEEN THE CONSTRUCTION SECTOR
iNTERDEPENDENCE BETWEEN THE CONSTRUCTION SECTOR

discretionary fiscal policy and economic activity in greece
discretionary fiscal policy and economic activity in greece

CH_07_13th
CH_07_13th

... Across Time Periods • As was shown in the previous exhibit, real U.S. per capita GDP has increased substantially over the past 78 years. • Compared to earlier periods, current GDP is probably biased upward because more output now takes place in the market sector and less in the household sector. • H ...
AID AND FOREIGN DIRECT INVESTMENT:
AID AND FOREIGN DIRECT INVESTMENT:

... aid-dependency and are able to finance their BOP from the private markets. The expectation is that the aid-recipient countries, with effective use of the official development assistance and having mostly implemented first-generation reforms and second-generation reforms, will be able to attract sign ...
Economic review - Office for National Statistics
Economic review - Office for National Statistics

... produced assets used in production for more than one year. This includes products such as machinery and transport, as well as buildings and non-tangible assets such as intellectual property among others. GFCF can be broken down by sector and by asset type. Business investment is the main component o ...
Government transfer payments and regional development
Government transfer payments and regional development

... whose base revenues were not sufficient for defined expenditures. The amount of this type of transfer payment was fixed by the level of the deficit in the base year. However, additional settlement subsidy and special purpose grant may still be available. Settlement subsidies were made when some item ...
macroeconomic developments report
macroeconomic developments report

Bade_Parkin_Macro_Lecture_CH05
Bade_Parkin_Macro_Lecture_CH05

... Interest, rent, and profit, called net operating surplus in the national account, is the sum of the incomes earned by capital, land, and entrepreneurship. Interest is the income households receive on loans they make minus the interest they pay on their borrowing. Rent includes payments for the use o ...
ch20lecture
ch20lecture

... Interest, rent, and profit, called net operating surplus in the national account, is the sum of the incomes earned by capital, land, and entrepreneurship. Interest is the income households receive on loans they make minus the interest they pay on their borrowing. Rent includes payments for the use o ...
Chapter5
Chapter5

... Interest, rent, and profit, called net operating surplus in the national account, is the sum of the incomes earned by capital, land, and entrepreneurship. Interest is the income households receive on loans they make minus the interest they pay on their borrowing. Rent includes payments for the use o ...
Prof. Eytan Sheshinski
Prof. Eytan Sheshinski

... nearly $12 billion in Asia. As an illustration of the relevance of this policy, table 1 shows the change in state-owned enterprises' share in GDP between 1980 and 1998 for all the economies in the world, grouped by income level according the World Bank classification. Even though the change does not ...
< 1 ... 7 8 9 10 11 12 13 14 15 ... 243 >

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.
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