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... The economics of nonrenewable resources has received increased attention following the empirical observations of Jeffrey D. Sachs and Andrew M. Warner (1995). They perform cross-country growth regressions and find that economies with large natural resource based exports to GDP ratios in 1971 tended t ...
... The economics of nonrenewable resources has received increased attention following the empirical observations of Jeffrey D. Sachs and Andrew M. Warner (1995). They perform cross-country growth regressions and find that economies with large natural resource based exports to GDP ratios in 1971 tended t ...
nec07 Fogel 5896746 en
... First, enumerating alternative stories consistent with a negative correlation underscores the relative plausibility of Schumpeter’s (1912) theory of economic development. This is because we link faster growth to a higher death rate of old leading firms, not just to their eclipse by new bigger firms ...
... First, enumerating alternative stories consistent with a negative correlation underscores the relative plausibility of Schumpeter’s (1912) theory of economic development. This is because we link faster growth to a higher death rate of old leading firms, not just to their eclipse by new bigger firms ...
x. prospects for the medium term 2004-2007
... Before the arrival of Europeans, Carib Indians inhabited Grenada. Columbus landed on Grenada in 1498 during his third voyage to the New World and named the island “Concepción”. The origin of the name “Grenada” is obscure, but it is likely that Spanish sailors renamed the island for the Spanish city ...
... Before the arrival of Europeans, Carib Indians inhabited Grenada. Columbus landed on Grenada in 1498 during his third voyage to the New World and named the island “Concepción”. The origin of the name “Grenada” is obscure, but it is likely that Spanish sailors renamed the island for the Spanish city ...
Chinese Imports: What`s Behind the Slowdown?
... In recent years, China has been the leading contributor to global growth and a stabilizing force during crises. During 2000–14, China accounted for one-third of global growth. Over the same period, exports to China increased dramatically from 3 percent to 9 percent of world exports and from 9 percen ...
... In recent years, China has been the leading contributor to global growth and a stabilizing force during crises. During 2000–14, China accounted for one-third of global growth. Over the same period, exports to China increased dramatically from 3 percent to 9 percent of world exports and from 9 percen ...
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... insider countries? Who benefits most? • How are outsiders, like Europe or China, affected? • What is the price that the TPP countries pay for keeping China out? ...
... insider countries? Who benefits most? • How are outsiders, like Europe or China, affected? • What is the price that the TPP countries pay for keeping China out? ...
LCCARL97_en.pdf
... and indirectly on the Caribbean region as a whole. Caribbean countries estimate that the event will boost growth through higher levels of activity and expenditure. In some countries, such as those of the Organisation of Eastern Caribbean States (OECS), the Cricket World Cup preparations have had a p ...
... and indirectly on the Caribbean region as a whole. Caribbean countries estimate that the event will boost growth through higher levels of activity and expenditure. In some countries, such as those of the Organisation of Eastern Caribbean States (OECS), the Cricket World Cup preparations have had a p ...
CHAPTER 23
... 2. Once quantities of a particular good or service are multiplied by its price, we arrive at a value measure of the good or service. 3. Finally, all the value measures are added to arrive at GDP. 4. GDP is a flow concept. a. The store of wealth is a stock concept. b. The stock equivalent to National ...
... 2. Once quantities of a particular good or service are multiplied by its price, we arrive at a value measure of the good or service. 3. Finally, all the value measures are added to arrive at GDP. 4. GDP is a flow concept. a. The store of wealth is a stock concept. b. The stock equivalent to National ...
“In the 1950s and early 1960s, Asia appeared to be caught in a low
... the poor? This paper provides an analytical framework for addressing the question, based on a review of the lessons suggested by international studies of growth and poverty reduction, taking into account the special conditions and constraints in Mozambique. The analysis is based on six fundamental i ...
... the poor? This paper provides an analytical framework for addressing the question, based on a review of the lessons suggested by international studies of growth and poverty reduction, taking into account the special conditions and constraints in Mozambique. The analysis is based on six fundamental i ...
Technological Diversification No. 05‐1
... Economies at early stages of the development process are often shaken by abrupt changes in growth rates. In his influential paper, Lucas (1988) brings attention to this fact, noting that “within the advanced countries, growth rates tend to be very stable over long periods of time,” whereas within po ...
... Economies at early stages of the development process are often shaken by abrupt changes in growth rates. In his influential paper, Lucas (1988) brings attention to this fact, noting that “within the advanced countries, growth rates tend to be very stable over long periods of time,” whereas within po ...
Development Finance anD aiD in the philippines
... drew three scenarios for development flows for the next five years (2015-2019): (a) business-as-usual scenario, (b) an optimistic scenario, and (c) a highly optimistic scenario. At the minimum, even under a conservative scenario, that is, under a business-asusual scenario, the government can raise r ...
... drew three scenarios for development flows for the next five years (2015-2019): (a) business-as-usual scenario, (b) an optimistic scenario, and (c) a highly optimistic scenario. At the minimum, even under a conservative scenario, that is, under a business-asusual scenario, the government can raise r ...
Critical Issues in India`s Services-led Growth
... What Explains Indias Services Sector Growth Studies by Gordon and Gupta (2004) and Banga and Goldar (2004), which empirically assess the reasons for the growth of Indias services sector in the 1990s, conclude that both demand and supply factors have led to this growth. On the demand side, the high ...
... What Explains Indias Services Sector Growth Studies by Gordon and Gupta (2004) and Banga and Goldar (2004), which empirically assess the reasons for the growth of Indias services sector in the 1990s, conclude that both demand and supply factors have led to this growth. On the demand side, the high ...
Regional Convergence in Latin America
... United States, while in Argentina and Peru it declined noticeably (Figure 1). To shed greater light on national output performance, it is important to examine the evolution of regional disparities within these countries. Did poorer regions catch up with richer regions, or did they fall further behin ...
... United States, while in Argentina and Peru it declined noticeably (Figure 1). To shed greater light on national output performance, it is important to examine the evolution of regional disparities within these countries. Did poorer regions catch up with richer regions, or did they fall further behin ...
The Uses and Limitations of Real GDP
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
... 1. The real GDP of one country must be converted into the same currency units as the real GDP of the other country. 2. The goods and services in both countries must be valued at the same prices. ...
ECON 202 - Macroeconomic Principles
... US Trade Balance as Share of GDP As a Share of GDP 1960-2011 Prior to the mid-1970s, the United States usually ran a trade surplus with other nations However, in recent years, the trade deficits are now the norm for the United States ...
... US Trade Balance as Share of GDP As a Share of GDP 1960-2011 Prior to the mid-1970s, the United States usually ran a trade surplus with other nations However, in recent years, the trade deficits are now the norm for the United States ...
UK Investment: High, Low, Rising, Falling?
... Broader Measures of Investment In the preceding sections, we have focused on business sector investment as a share of GDP, in line with the emphasis in recent government publications and statements. However, in our view, there are serious concerns both with the statistical classification of investme ...
... Broader Measures of Investment In the preceding sections, we have focused on business sector investment as a share of GDP, in line with the emphasis in recent government publications and statements. However, in our view, there are serious concerns both with the statistical classification of investme ...
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.