Nowcasting China Real GDP
... In this paper we undertake the task of nowcasting real GDP for mainland China. Nowcasting is defined as the prediction of the present, the very near future and the very recent past and is therefore particularly relevant for those variables that - like GDP - albeit being critical in evaluating curren ...
... In this paper we undertake the task of nowcasting real GDP for mainland China. Nowcasting is defined as the prediction of the present, the very near future and the very recent past and is therefore particularly relevant for those variables that - like GDP - albeit being critical in evaluating curren ...
S4.10
... 2) To examine whether information are efficiently used in the estimation of Advance GDP a. Correlation between revisions and earlier estimate, and its statistical significance: where significant correlation indicates that information are not efficiently utilized in earlier estimate, i.e. part or all ...
... 2) To examine whether information are efficiently used in the estimation of Advance GDP a. Correlation between revisions and earlier estimate, and its statistical significance: where significant correlation indicates that information are not efficiently utilized in earlier estimate, i.e. part or all ...
Lecture 17
... Among the richest countries, the United States and Canada have had the highest real GDP per person since 1960. However, Japan has been growing the fastest - until recently. Africa and Central and South ECON ...
... Among the richest countries, the United States and Canada have had the highest real GDP per person since 1960. However, Japan has been growing the fastest - until recently. Africa and Central and South ECON ...
P aper ing P
... sector began spending at a faster rate and by 1997 became a net borrower. In an effort to reduce its large public debt (inherited from the Reagan era), the government ended up dampening demand for goods and services. Also, net exports remained negative, also dragging down demand. Had the private sec ...
... sector began spending at a faster rate and by 1997 became a net borrower. In an effort to reduce its large public debt (inherited from the Reagan era), the government ended up dampening demand for goods and services. Also, net exports remained negative, also dragging down demand. Had the private sec ...
Factsheet Country Analysis Côte d`Ivoire
... throughout Africa, as well as with Europe and the Middle East. ...
... throughout Africa, as well as with Europe and the Middle East. ...
Living standards and growth by Cormac Ó Gráda and Kevin H. O’Rourke
... had actually declined slightly, to $454; the figures for Western Europe and China in 1989 were $14,413 and $2,361 respectively.1 Why did the West grow so rapidly over the last 500 years, while much of the rest of the world stagnated? And why have several countries, especially in East Asia, grown so ...
... had actually declined slightly, to $454; the figures for Western Europe and China in 1989 were $14,413 and $2,361 respectively.1 Why did the West grow so rapidly over the last 500 years, while much of the rest of the world stagnated? And why have several countries, especially in East Asia, grown so ...
Macroeconomics - IB-Econ
... of a nation adjusted for changes in the price level), • economists must measure the value of a nation’s output in one year using the price level from a base year. In the case of the price level increasing (inflation): real GDP will be lower than the nominal GDP In the case of the price level dec ...
... of a nation adjusted for changes in the price level), • economists must measure the value of a nation’s output in one year using the price level from a base year. In the case of the price level increasing (inflation): real GDP will be lower than the nominal GDP In the case of the price level dec ...
PDF
... the two. For example, if output grows by 2 percent per year while input use increases by only 1.5 percent per year, then TFP grows by the difference, or 0.5 percent per year. In this case, TFP reflects the fewer resources required per unit of output produced. Sometimes TFP can be raised by substitut ...
... the two. For example, if output grows by 2 percent per year while input use increases by only 1.5 percent per year, then TFP grows by the difference, or 0.5 percent per year. In this case, TFP reflects the fewer resources required per unit of output produced. Sometimes TFP can be raised by substitut ...
Gross Domestic Product: What an Economy Produces How
... Economists also use GDP to compare the economies of individual countries. To make accurate comparisons, economists must adjust GDP yet again. This time they do so to take population size into account. Adjusting for population is accomplished by calculating per capita GDP. Per capita means “per perso ...
... Economists also use GDP to compare the economies of individual countries. To make accurate comparisons, economists must adjust GDP yet again. This time they do so to take population size into account. Adjusting for population is accomplished by calculating per capita GDP. Per capita means “per perso ...
Informal sector and informal employment (ICLS & 2008 SNA)
... Sub-regional training workshop on changes in the 2008 SNA affecting GDP compilation 30 June 2014 Astana, Kazakhstan ...
... Sub-regional training workshop on changes in the 2008 SNA affecting GDP compilation 30 June 2014 Astana, Kazakhstan ...
Slide 1
... currency units as the real GDP of the other country, so an exchange rate must be used. ...
... currency units as the real GDP of the other country, so an exchange rate must be used. ...
T - Yale Economics
... one’s office with pen and paper? (...) [I] think this inventive, model-building process we are engaged in is an essential one . . . . If we understand the process of economic growth—or anything else—we ought to be capable of demonstrating this knowledge by creating it in these pen and paper (and com ...
... one’s office with pen and paper? (...) [I] think this inventive, model-building process we are engaged in is an essential one . . . . If we understand the process of economic growth—or anything else—we ought to be capable of demonstrating this knowledge by creating it in these pen and paper (and com ...
- Department Of Economics
... indicator for comparing wealth of nations than real or nominal GDP per capita. GDP-based indices focus only on the level of output/income, and not the remaining noneconomic factors, such as the life expectancy, quality of life, environmental sustainability, among other essential factors contributing ...
... indicator for comparing wealth of nations than real or nominal GDP per capita. GDP-based indices focus only on the level of output/income, and not the remaining noneconomic factors, such as the life expectancy, quality of life, environmental sustainability, among other essential factors contributing ...
National Income Accounting: Gross Domestic Product (GDP)
... – Intermediate goods: goods or services purchased for use as an input in the production of final goods or in services. – Value added: the increase in the market value of a product that takes place at each stage of production. ...
... – Intermediate goods: goods or services purchased for use as an input in the production of final goods or in services. – Value added: the increase in the market value of a product that takes place at each stage of production. ...
vsi10 roc Liu 13257026 en
... coefficient that are in top 5 are education (5.97), health, social security and social welfare services (0.91), financial service (0.86), electricity, heat production and supply (0.82) and farming, forestry, animal husbandry and fishery (0.81). Sectors which urban household consumption substitute ca ...
... coefficient that are in top 5 are education (5.97), health, social security and social welfare services (0.91), financial service (0.86), electricity, heat production and supply (0.82) and farming, forestry, animal husbandry and fishery (0.81). Sectors which urban household consumption substitute ca ...
Study on Relationship Between Trade Development of Waigaoqiao
... which is less than 1/20 of the total foreign trade volume in Shanghai City. Since the late 1990s, its foreign trade has a very rapid growth rate. In 2009, WGQ FTZ successfully withstood the impact of global financial crisis and international market depression, achieved up to 55.112 billion U.S. doll ...
... which is less than 1/20 of the total foreign trade volume in Shanghai City. Since the late 1990s, its foreign trade has a very rapid growth rate. In 2009, WGQ FTZ successfully withstood the impact of global financial crisis and international market depression, achieved up to 55.112 billion U.S. doll ...
Effect of Regional Export-oriented Growth Pole: A Framework of Theoretical Analysis
... Since China’s reform and opening to outside of the world in 1978, the miracle of China occurs with the economic growth rate of over 9 % anaully in the world economic development. The basic engine of stimulating China’s economic growth is its foreign trade with the growth rate of 14.94% annually. In ...
... Since China’s reform and opening to outside of the world in 1978, the miracle of China occurs with the economic growth rate of over 9 % anaully in the world economic development. The basic engine of stimulating China’s economic growth is its foreign trade with the growth rate of 14.94% annually. In ...
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.