The Growth Imperative - US Chamber of Commerce Foundation
... Our currently projected GDP growth trajectory is one of these issues. America’s future and standard of living are in jeopardy if our country does not adopt pro-growth economic policies. That is why we commissioned Douglas Holtz-Eakin, president of the American Action Forum and one of the nation’s mo ...
... Our currently projected GDP growth trajectory is one of these issues. America’s future and standard of living are in jeopardy if our country does not adopt pro-growth economic policies. That is why we commissioned Douglas Holtz-Eakin, president of the American Action Forum and one of the nation’s mo ...
research paper series Research Paper 2005/41
... panel of developing countries. Focusing on five East Asian countries, Velde and Morrissey (2002) reach similar conclusions. Wu (2001) distinguishes FDI characterized by relatively skill-biased technology, from FDI with relatively labor based technology, and, using Chinese data, shows that the former ...
... panel of developing countries. Focusing on five East Asian countries, Velde and Morrissey (2002) reach similar conclusions. Wu (2001) distinguishes FDI characterized by relatively skill-biased technology, from FDI with relatively labor based technology, and, using Chinese data, shows that the former ...
PDF
... In practice there are two main methodologies to define rural. The first methodology is to use a geopolitical definition. First, urban is defined by law as all of the state, region, and district capitals (centers), and by exclusion all the rest is defined as rural. Countries like Colombia, El Salvado ...
... In practice there are two main methodologies to define rural. The first methodology is to use a geopolitical definition. First, urban is defined by law as all of the state, region, and district capitals (centers), and by exclusion all the rest is defined as rural. Countries like Colombia, El Salvado ...
NBER WORKING PAPER SERIES Timothy J. Kehoe Kim J. Ruhl
... shows the contractions in real GDP in the United States that accompanied the sharp increases in the terms of trade, these coming largely from the OPEC oil embargo in 1973 and the Iranian Revolution in 1979. In fact, writing in the early 1980s, Hamilton (1983) points out that all but one of the post– ...
... shows the contractions in real GDP in the United States that accompanied the sharp increases in the terms of trade, these coming largely from the OPEC oil embargo in 1973 and the Iranian Revolution in 1979. In fact, writing in the early 1980s, Hamilton (1983) points out that all but one of the post– ...
Budget 2005 - Government of Seychelles
... A review of developments in the global economy indicates that over the past year it has grown by almost 5%, its fastest pace in two decades. It is estimated that about half of this growth has been fuelled by America’s exceptionally loose monetary policy which has encouraged consumers to keep spendin ...
... A review of developments in the global economy indicates that over the past year it has grown by almost 5%, its fastest pace in two decades. It is estimated that about half of this growth has been fuelled by America’s exceptionally loose monetary policy which has encouraged consumers to keep spendin ...
When Foreign Direct Investment is Good for Development: Bulgaria's accession, industrial restructuring and regional FDI
... Romania. In consequence, their relative success led to better progress with development and economic prosperity since transition began3. On that count, the former are also considered more affluent than the latter. Yet, what started as a global financial crisis but grew into economic recession has hi ...
... Romania. In consequence, their relative success led to better progress with development and economic prosperity since transition began3. On that count, the former are also considered more affluent than the latter. Yet, what started as a global financial crisis but grew into economic recession has hi ...
7CHAPTER Macroeconomic Measurements, Part II: GDP and Real
... Real GDP is used to compare output in one country with that in another. Two special problems arise in making these comparisons. Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. The same prices should be use ...
... Real GDP is used to compare output in one country with that in another. Two special problems arise in making these comparisons. Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. The same prices should be use ...
Was Stalin Necessary for Russia`s Economic Development?
... In 1962, a prominent British economic historian, Alec Nove, asked whether Russia would have been able to industrialize during the late 1920s and 1930s in the absence of Stalin’s economic policies.1 The transformation of Soviet Russia from an agrarian to an industrial economy had profound economic an ...
... In 1962, a prominent British economic historian, Alec Nove, asked whether Russia would have been able to industrialize during the late 1920s and 1930s in the absence of Stalin’s economic policies.1 The transformation of Soviet Russia from an agrarian to an industrial economy had profound economic an ...
13.3 nominal gdp versus real gdp
... A combination of interest on capital and profit for entrepreneurship. Paid out as dividends and undistributed profits are all counted as income. Proprietors’ Income Proprietors are people who run their own businesses. A mixture of the previous four items. ...
... A combination of interest on capital and profit for entrepreneurship. Paid out as dividends and undistributed profits are all counted as income. Proprietors’ Income Proprietors are people who run their own businesses. A mixture of the previous four items. ...
20.3 nominal gdp versus real gdp
... A combination of interest on capital and profit for entrepreneurship. Paid out as dividends and undistributed profits are all counted as income. Proprietors’ Income Proprietors are people who run their own businesses. A mixture of the previous four items. ...
... A combination of interest on capital and profit for entrepreneurship. Paid out as dividends and undistributed profits are all counted as income. Proprietors’ Income Proprietors are people who run their own businesses. A mixture of the previous four items. ...
The world in 2050
... this change occurring? Will it continue? And how will the world look if it does? The answers to these questions are important for investors' decisions today. In this piece, we provide a framework for thinking about these issues. Based on our analysis of the Top 30 economies ranked by size of GDP in ...
... this change occurring? Will it continue? And how will the world look if it does? The answers to these questions are important for investors' decisions today. In this piece, we provide a framework for thinking about these issues. Based on our analysis of the Top 30 economies ranked by size of GDP in ...
Institutions and Entrepreneurship in Transition
... China and Russia are characterised by both weak formal property rights and by financial repression. Both factors should imply little use of external finance by entrepreneurs and constraints to entrepreneurship. However China scores much higher on social capital indicators than most of the ex-Soviet ...
... China and Russia are characterised by both weak formal property rights and by financial repression. Both factors should imply little use of external finance by entrepreneurs and constraints to entrepreneurship. However China scores much higher on social capital indicators than most of the ex-Soviet ...
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.