Parkin-Bade Chapter 30
... GDP per person across economies will converge. Figure 6.3 shows some convergence among rich countries, but convergence is slow. ...
... GDP per person across economies will converge. Figure 6.3 shows some convergence among rich countries, but convergence is slow. ...
Problems with using GDP as a measure of our country`s Output
... public debate or the integrity of our public officials. It measures everything, in short, except that which makes life worthwhile. ...
... public debate or the integrity of our public officials. It measures everything, in short, except that which makes life worthwhile. ...
Theme 2 The UK economy: performance and
... This also means it is a good comparison between countries. Second, it is a good indicator of the state of the economy of a country. Higher GDP equates with higher economic wellbeing since it suggests that, on average, households can purchase more goods and services. Economists usually associate grea ...
... This also means it is a good comparison between countries. Second, it is a good indicator of the state of the economy of a country. Higher GDP equates with higher economic wellbeing since it suggests that, on average, households can purchase more goods and services. Economists usually associate grea ...
The Productivity Paradox of the New Digital Economy
... sharing free capacity as well as the more efficient ...
... sharing free capacity as well as the more efficient ...
Why Did Europe`s Productivity Growth Catch
... In levels, Y/N showed a great “leap” during WWII to a level much higher than would have been predicted by extrapolating the 1920s In growth rates, I’ve called this the “one big wave” Very little recognition of this phenomenon; possible causes Alex Field’s “Most Productive Decade” (the 1930s) The ...
... In levels, Y/N showed a great “leap” during WWII to a level much higher than would have been predicted by extrapolating the 1920s In growth rates, I’ve called this the “one big wave” Very little recognition of this phenomenon; possible causes Alex Field’s “Most Productive Decade” (the 1930s) The ...
MODERNISATION, HETEROGENEITY AND EMPLOYMENT IN MEXICO
... for labour in the formal sector as a share of the labour supply, and (•) denotes a series of other factors which are not explicitly considered. Now, labour market equilibrium requires that the demand for labour in the formal sector equals the labour supply (the first should be larger than the second ...
... for labour in the formal sector as a share of the labour supply, and (•) denotes a series of other factors which are not explicitly considered. Now, labour market equilibrium requires that the demand for labour in the formal sector equals the labour supply (the first should be larger than the second ...
Macroeconomic Constraints on Private Sector Investment in Pakistan Looney, R.E.
... • Private investment in Pakistan was constrained by the availability of funds. Thus, the monetary authority can influence private investment behavior by changing bank credit to this sector. Fiscal policy appears to have a relatively stronger effect on private investment. • Public sector investment i ...
... • Private investment in Pakistan was constrained by the availability of funds. Thus, the monetary authority can influence private investment behavior by changing bank credit to this sector. Fiscal policy appears to have a relatively stronger effect on private investment. • Public sector investment i ...
Chapter 12 - Production, Income, and Employment
... The unemployed are those willing and able to work, but who do not have jobs Others were able to work, but preferred not to Including millions of college students, homemakers, and ...
... The unemployed are those willing and able to work, but who do not have jobs Others were able to work, but preferred not to Including millions of college students, homemakers, and ...
Asia-Pacific Development Journal Vol. 20, No. 2, December 2013 IN SOUTH ASIA
... Vol. 20, No. 2, December 2013 ...
... Vol. 20, No. 2, December 2013 ...
Gross Domestic Product and Welfare
... showing how output generates income that is subsequently spent on consumption or savings. The savings can be invested in either real or financial assets. The national accounts describe all these transactions within a balanced account system. GDP is the key element of the national accounts and can be ...
... showing how output generates income that is subsequently spent on consumption or savings. The savings can be invested in either real or financial assets. The national accounts describe all these transactions within a balanced account system. GDP is the key element of the national accounts and can be ...
China Policy Institute - University of Nottingham
... Guangdong and Fujian. Although Shanghai was one of the 14 Open Coastal Cities (OCCs) designated in 1984, which were granted some of the special policies available to SEZs, its financial power in generating revenue for local development was still very limited. Therefore, while Guangdo ...
... Guangdong and Fujian. Although Shanghai was one of the 14 Open Coastal Cities (OCCs) designated in 1984, which were granted some of the special policies available to SEZs, its financial power in generating revenue for local development was still very limited. Therefore, while Guangdo ...
The Viability of Arab Gulf Industrial Development:
... little change in their manufacturing output relative to non-oil GDP. In other words these countries experienced increases in manufacturing output over time in roughly the same proportion as in their nonman ufacturing activity. In terms of manufacturing 's share of domestic absorption (Table 2): 1. W ...
... little change in their manufacturing output relative to non-oil GDP. In other words these countries experienced increases in manufacturing output over time in roughly the same proportion as in their nonman ufacturing activity. In terms of manufacturing 's share of domestic absorption (Table 2): 1. W ...
China`s Energy Supply and Demand Situations and Coal Industry`s
... averaged 9.92 million tons a year. Elasticity of oil consumption was 0.62, staying above that of primary energy consumption (0.51). On the other hand, oil production grew by a mere 2.2%/year on average, or 3.17 million tons in absolute terms. The annual average growth of oil production stays much lo ...
... averaged 9.92 million tons a year. Elasticity of oil consumption was 0.62, staying above that of primary energy consumption (0.51). On the other hand, oil production grew by a mere 2.2%/year on average, or 3.17 million tons in absolute terms. The annual average growth of oil production stays much lo ...
Hot, bright and soft spots
... Don’t worry; I have just started watching it, so there will be no spoiler in this ...
... Don’t worry; I have just started watching it, so there will be no spoiler in this ...
DEMOCRATIZATION, QUALITY OF INSTITUTIONS AND …
... Nelson and Singh (1998) use the Gastil’s democracy index to investigate the impact of democracy on growth and find a positive correlation. But Gastil’s index includes components that are not exactly the measures of democracy, such as the power of the citizenry to exercise the right to own property, ...
... Nelson and Singh (1998) use the Gastil’s democracy index to investigate the impact of democracy on growth and find a positive correlation. But Gastil’s index includes components that are not exactly the measures of democracy, such as the power of the citizenry to exercise the right to own property, ...
brazilian business cycles and growth from 1850 to 2000
... the period after the World War II, as in Ellery, Gomes and Sachsida (2002). In this paper we construct a per capita gross domestic product (GDP) series for the Brazilian economy that covers the period 1850-2000. We then evaluate some of the statistical properties of its cyclical component as well as ...
... the period after the World War II, as in Ellery, Gomes and Sachsida (2002). In this paper we construct a per capita gross domestic product (GDP) series for the Brazilian economy that covers the period 1850-2000. We then evaluate some of the statistical properties of its cyclical component as well as ...
pdf
... Bosanquet, N. (2006), “Healthcare to 2010 – making reform work”, in Haldenby, A. ed. (2006), Public service reform 2006-2010, Smith Institute. “The development of pluralism in the health service, in both provision and funding, is something that has traditionally been viewed negatively in terms of eq ...
... Bosanquet, N. (2006), “Healthcare to 2010 – making reform work”, in Haldenby, A. ed. (2006), Public service reform 2006-2010, Smith Institute. “The development of pluralism in the health service, in both provision and funding, is something that has traditionally been viewed negatively in terms of eq ...
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.