Gross Domestic Product
... Used products These products were counted the year they were made so we will not count them again this year or the year it was purchased. For example, if you buy a used car, just 1 year old with only 10,000 miles, it is not counted in this year. ...
... Used products These products were counted the year they were made so we will not count them again this year or the year it was purchased. For example, if you buy a used car, just 1 year old with only 10,000 miles, it is not counted in this year. ...
Slide 1
... • Example: In the 1980s, Italy engaged in major reforms of its regulatory practices- slashing a lot of red tape. Italian GDP growth rates were among the highest in Europe. So can we say that Italian reforms greatly increased the welfare of Italians? – Problem: Much of the expansion in GDP was simply ...
... • Example: In the 1980s, Italy engaged in major reforms of its regulatory practices- slashing a lot of red tape. Italian GDP growth rates were among the highest in Europe. So can we say that Italian reforms greatly increased the welfare of Italians? – Problem: Much of the expansion in GDP was simply ...
Israel Economic Highlights Presentation 1st Quarter 2014
... Since 2004, Israel’s growth rate has exceeded the average growth rate of advanced economies. In 2009, as most of the world experienced a decline in GDP, Israel experienced a 1.9% growth in it’s GDP. ...
... Since 2004, Israel’s growth rate has exceeded the average growth rate of advanced economies. In 2009, as most of the world experienced a decline in GDP, Israel experienced a 1.9% growth in it’s GDP. ...
Chapter 1
... - Measures the total value of goods and services produced by people, businesses , governments, and property located in the country. - GDP is the broadest available measure of US economic activity. - There are two ways to look at GDP: Spending approach and Income approach. ...
... - Measures the total value of goods and services produced by people, businesses , governments, and property located in the country. - GDP is the broadest available measure of US economic activity. - There are two ways to look at GDP: Spending approach and Income approach. ...
The Hellenic Republic`s Fiscal Policies
... Fiscal deficit at 10.3% of GDP Government debt at 114.5% of GDP Unemployment at 17.4% Dependency ratio peaked in 1986 at 224 dependents per 100 employed • Net emigration approached 1% of the population • Taxation jumped up by 10 percentage points of GNP in 1981-86 • Growth rate of GDP averaged 2% in ...
... Fiscal deficit at 10.3% of GDP Government debt at 114.5% of GDP Unemployment at 17.4% Dependency ratio peaked in 1986 at 224 dependents per 100 employed • Net emigration approached 1% of the population • Taxation jumped up by 10 percentage points of GNP in 1981-86 • Growth rate of GDP averaged 2% in ...
Louri_Seminar_2005
... Fiscal deficit at 10.3% of GDP Government debt at 114.5% of GDP Unemployment at 17.4% Dependency ratio peaked in 1986 at 224 dependents per 100 employed • Net emigration approached 1% of the population • Taxation jumped up by 10 percentage points of GNP in 1981-86 • Growth rate of GDP averaged 2% in ...
... Fiscal deficit at 10.3% of GDP Government debt at 114.5% of GDP Unemployment at 17.4% Dependency ratio peaked in 1986 at 224 dependents per 100 employed • Net emigration approached 1% of the population • Taxation jumped up by 10 percentage points of GNP in 1981-86 • Growth rate of GDP averaged 2% in ...
3.2 Regulating the Private Sector
... The U.S. Food and Drug Administration (FDA) The U.S. Department of Agriculture The Consumer Product Safety Commission ...
... The U.S. Food and Drug Administration (FDA) The U.S. Department of Agriculture The Consumer Product Safety Commission ...
Prospects for Asia and the Global Economy: Conference Summary
... concerns about deflation after the stock market bubble burst in 2000. The capital inflows and accommodative monetary policy led to increasing asset prices, particularly in housing, and borrowing in the United States. These effects were amplified by investors “reaching for yield,” the proliferation o ...
... concerns about deflation after the stock market bubble burst in 2000. The capital inflows and accommodative monetary policy led to increasing asset prices, particularly in housing, and borrowing in the United States. These effects were amplified by investors “reaching for yield,” the proliferation o ...
Economic Instability: A Critique of the Self
... • Wages and prices are not flexible (in a downward direction) and may not adjust downward in a recessionary gap. • Many economists today take a position between Keynes and the classical economists. For them, the question is not whether wages and prices are flexible downward, but how long it takes fo ...
... • Wages and prices are not flexible (in a downward direction) and may not adjust downward in a recessionary gap. • Many economists today take a position between Keynes and the classical economists. For them, the question is not whether wages and prices are flexible downward, but how long it takes fo ...
The gross fiscal deficit
... The capital account records all transactions between a domestic and foreign resident that involves a change of ownership of an asset. It is the net result of public and private international investment flowing in and out of a country. This includes foreign direct investment, ...
... The capital account records all transactions between a domestic and foreign resident that involves a change of ownership of an asset. It is the net result of public and private international investment flowing in and out of a country. This includes foreign direct investment, ...
Market Focus –IMF calls for rebalancing of world growth
... Europe. Repeating the same message as in July, the IMF believes that wherever possible high deficit advanced countries should make an early start in cutting their budget deficits. ♦ Although the emerging nations have relied on strong domestic consumption over the past year, the IMF thinks they will ...
... Europe. Repeating the same message as in July, the IMF believes that wherever possible high deficit advanced countries should make an early start in cutting their budget deficits. ♦ Although the emerging nations have relied on strong domestic consumption over the past year, the IMF thinks they will ...
Equity and Economic Growth
... growth has long attracted the interest of researchers. Whether inequality helps or harms future economic growth? The issue remains contentious. Past studies find differing effects when considering rich and poor countries, regions versus nations and so on. ...
... growth has long attracted the interest of researchers. Whether inequality helps or harms future economic growth? The issue remains contentious. Past studies find differing effects when considering rich and poor countries, regions versus nations and so on. ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... there be reasonable grounds, in general, for imposing a capital tax (or providing a capital subsidy) against levying an output tax (or reducing the sales tax rate). But if the need exists, the superior policy, because it is more sharply targeted, will be to subsidize loans for capital investments in ...
... there be reasonable grounds, in general, for imposing a capital tax (or providing a capital subsidy) against levying an output tax (or reducing the sales tax rate). But if the need exists, the superior policy, because it is more sharply targeted, will be to subsidize loans for capital investments in ...
Pakistan ECONOMY: Key Stakeholders perspective
... and boards which are empowered to take the necessary actions. Eliminate waste in Govt. expenditure. Phase out broad based non targeted subsidies which unnecessarily benefit the well off also. ...
... and boards which are empowered to take the necessary actions. Eliminate waste in Govt. expenditure. Phase out broad based non targeted subsidies which unnecessarily benefit the well off also. ...
Malaysia GDP Grew by 5.0% in 2015, Higher Than Economist
... 4.5% in the fourth quarter, leading to an overall growth of 5.0% in 2015. Our forecast for the GDP was to grow at 4.6% in the last quarter and 5.0% for the whole 2015, while the median consensus by Bloomberg is expecting the GDP to grow by 4.1% in 4Q15 and 4.8% for year 2015. As a side note, Asian D ...
... 4.5% in the fourth quarter, leading to an overall growth of 5.0% in 2015. Our forecast for the GDP was to grow at 4.6% in the last quarter and 5.0% for the whole 2015, while the median consensus by Bloomberg is expecting the GDP to grow by 4.1% in 4Q15 and 4.8% for year 2015. As a side note, Asian D ...
Growth rate of potential GDP
... demographic factors affecting the labour force, investment, total factor productivity, etc. This interpretation corresponds to the steady-state rate of economic growth in neoclassical models. This value usually changes over relatively long periods of time, and only as a result of significant lasting ...
... demographic factors affecting the labour force, investment, total factor productivity, etc. This interpretation corresponds to the steady-state rate of economic growth in neoclassical models. This value usually changes over relatively long periods of time, and only as a result of significant lasting ...
eThekwini SMME Strategy - eThekwini Municipality
... Of a total of 906 700 firms operating in South Africa, large enterprises constitute only 6 000 in number, or 0,7 per cent of the total. ...
... Of a total of 906 700 firms operating in South Africa, large enterprises constitute only 6 000 in number, or 0,7 per cent of the total. ...
Slide 1
... (2) ∂ln(Yt)/∂t= gY = gA + α gK + (1 - α) gL In the C-D, α is the competitive share of K = sh(K); (1 - α) = sh(L). (3) gY = gA + sh(K) gK + sh(L) gL From this, we estimate the rate of TC as: (4) TFP growth = T.C. = gA = gY - sh(K) gK - sh(L) gL Note that this is a very practical formula. All terms ex ...
... (2) ∂ln(Yt)/∂t= gY = gA + α gK + (1 - α) gL In the C-D, α is the competitive share of K = sh(K); (1 - α) = sh(L). (3) gY = gA + sh(K) gK + sh(L) gL From this, we estimate the rate of TC as: (4) TFP growth = T.C. = gA = gY - sh(K) gK - sh(L) gL Note that this is a very practical formula. All terms ex ...
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.