An Input-Output Sticky-price Model
... researchers. For example, many papers are trying to calculate the impact of the decrease in China’s export due to the U.S. sub-prime crisis on China’s employment. Input-output analysis has been used to analyze changes in the demand for labor for just a few years. Different industries are different i ...
... researchers. For example, many papers are trying to calculate the impact of the decrease in China’s export due to the U.S. sub-prime crisis on China’s employment. Input-output analysis has been used to analyze changes in the demand for labor for just a few years. Different industries are different i ...
2016 World Economic Situation
... The world economy stumbled in 2015 The world gross product is projected to grow by a mere 2.4 per cent in 2015, a significant downward revision from the 2.8 per cent forecast in the World Economic Situation and Prospects as of mid-2015. More than seven years after the global financial crisis, policy ...
... The world economy stumbled in 2015 The world gross product is projected to grow by a mere 2.4 per cent in 2015, a significant downward revision from the 2.8 per cent forecast in the World Economic Situation and Prospects as of mid-2015. More than seven years after the global financial crisis, policy ...
Productivity Brief 2015
... then also embarked on a slowing trend. This slowdown appears to be a result of the end of a substantial catch-up growth period that began in the late 1990s. Emerging economies that are the furthest behind countries with the highest levels of productivity and technology (the “productivity frontier”) ...
... then also embarked on a slowing trend. This slowdown appears to be a result of the end of a substantial catch-up growth period that began in the late 1990s. Emerging economies that are the furthest behind countries with the highest levels of productivity and technology (the “productivity frontier”) ...
implications of the global economic crisis on india`s services sector
... contributes 64.5 per cent of GDP (2008–09). Of this, exports of services comprise around 16 per cent of the GDP of services and have less than a 10 per cent share in total GDP.2 Within the services sector, the major component of exports is information technology-enabled services (ITES), and business ...
... contributes 64.5 per cent of GDP (2008–09). Of this, exports of services comprise around 16 per cent of the GDP of services and have less than a 10 per cent share in total GDP.2 Within the services sector, the major component of exports is information technology-enabled services (ITES), and business ...
Shadow Economies and Corruption All Over the World: New
... underground activities, the frequency with which these activities are occurring and their magnitude of them, is crucial for making effective and efficient decisions regarding the allocations of a country’s resources in this area. Unfortunately, it is very difficult to get accurate information about ...
... underground activities, the frequency with which these activities are occurring and their magnitude of them, is crucial for making effective and efficient decisions regarding the allocations of a country’s resources in this area. Unfortunately, it is very difficult to get accurate information about ...
NBER WORKING PAPER SERIES PUTTING THE LID ON LOBBYING:
... skill-intensive industries. We find no evidence of this. Further, the externalities would have had to operate at the economy-wide level rather than the industry level and we find no economy-wide effects such as induced human capital accumulation. The third alternative interpretation is that countrie ...
... skill-intensive industries. We find no evidence of this. Further, the externalities would have had to operate at the economy-wide level rather than the industry level and we find no economy-wide effects such as induced human capital accumulation. The third alternative interpretation is that countrie ...
Comment on “Identifying the Interdependence between US
... other. (14) Enterprises are in favour of privatization: expectation of efficiency gains. (15) Labour unions tend to oppose privatisations: employees of SOEs profit from safe jobs with well above-average working conditions and payment (Schwartz 2001). Privatisation revenues should be lower if union ...
... other. (14) Enterprises are in favour of privatization: expectation of efficiency gains. (15) Labour unions tend to oppose privatisations: employees of SOEs profit from safe jobs with well above-average working conditions and payment (Schwartz 2001). Privatisation revenues should be lower if union ...
2017 Budget Highlights
... especially by the youth. Indeed, these two policy initiatives are fundamental to our socio-economic development and should be executed to an appropriate level of detail over the medium term, if it cannot be completed in the short term. The initiatives targeted at the banking and capital markets also ...
... especially by the youth. Indeed, these two policy initiatives are fundamental to our socio-economic development and should be executed to an appropriate level of detail over the medium term, if it cannot be completed in the short term. The initiatives targeted at the banking and capital markets also ...
The Diffusion of Privatization in the Developing World
... rate with 89% of the countries having completed at least one privatization transaction. Privatization took off in East Asian off in 1991, then averaged around five billion dollars until 1997 – when revenues almost doubled to ten billion. Although East Asia ranks as a high privatizing region, it has ...
... rate with 89% of the countries having completed at least one privatization transaction. Privatization took off in East Asian off in 1991, then averaged around five billion dollars until 1997 – when revenues almost doubled to ten billion. Although East Asia ranks as a high privatizing region, it has ...
Why Does Employment in All Major Sectors Move Together over the
... worker. Taken together, these two facts imply that the extensive margin is the critical margin in understanding the positive sectoral correlation of labor input. Motivated by this observation, I construct a two sector business cycle model that explicitly characterizes the behavior of sectoral employ ...
... worker. Taken together, these two facts imply that the extensive margin is the critical margin in understanding the positive sectoral correlation of labor input. Motivated by this observation, I construct a two sector business cycle model that explicitly characterizes the behavior of sectoral employ ...
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.