Post-Keynesian economics and sustainable development
... world of logical time with the goal being efficiency. Colander points out that this approach does not ask the question whether efficiency should be our goal. He questions the neoclassical story by arguing that social welfare theory needs to be put in a broader contextual framework that looks at inst ...
... world of logical time with the goal being efficiency. Colander points out that this approach does not ask the question whether efficiency should be our goal. He questions the neoclassical story by arguing that social welfare theory needs to be put in a broader contextual framework that looks at inst ...
Reinventing Government: The Imperatives
... investment and in the international flows of capital, people, technology, and information.3 But globalization is also evident in the increasing levels of international political interaction and widespread social and cultural interchange that have occurred over the past quarter of a century.4 Globali ...
... investment and in the international flows of capital, people, technology, and information.3 But globalization is also evident in the increasing levels of international political interaction and widespread social and cultural interchange that have occurred over the past quarter of a century.4 Globali ...
L12_20110513
... • Advocates of tax incentives for saving point out that society discourages saving in many ways, such as by heavily taxing the income from capital and by reducing benefits for those who have accumulated wealth. They endorse reforming the tax laws to encourage saving. • Critics of tax incentives for ...
... • Advocates of tax incentives for saving point out that society discourages saving in many ways, such as by heavily taxing the income from capital and by reducing benefits for those who have accumulated wealth. They endorse reforming the tax laws to encourage saving. • Critics of tax incentives for ...
Kieger Macro Update
... saw its economic growth rate increase ever since coming out of recession and this despite mixed reports on the speed of Renzi’s reforms. Italian consumer sentiment reached a multi-year high just recently. Spain, where reforms started in 2012 and are perceived as much more successful than in Italy, c ...
... saw its economic growth rate increase ever since coming out of recession and this despite mixed reports on the speed of Renzi’s reforms. Italian consumer sentiment reached a multi-year high just recently. Spain, where reforms started in 2012 and are perceived as much more successful than in Italy, c ...
Growth of government and the politics of fiscal policy
... after the welfare state shrinks, there are strong incentives for its subsequent growth. Comparing the equilibrium dynamics induced by politically motivated policy-setting to Pareto optimal policies and constant policies, we show that political policies not only are Pareto-suboptimal, but result in d ...
... after the welfare state shrinks, there are strong incentives for its subsequent growth. Comparing the equilibrium dynamics induced by politically motivated policy-setting to Pareto optimal policies and constant policies, we show that political policies not only are Pareto-suboptimal, but result in d ...
KEI Book Cover - Korea Economic Institute
... not shown much change. It continues to take priority as far as receiving resources and investment. In fact, government military expenditures have remained stable while the rest of the economy has undergone a severe contraction. Kim Jong-il made the military his primary concern after his official tak ...
... not shown much change. It continues to take priority as far as receiving resources and investment. In fact, government military expenditures have remained stable while the rest of the economy has undergone a severe contraction. Kim Jong-il made the military his primary concern after his official tak ...
Centre for Research in Applied Economics
... Most discussion of the dramatic recent developments in the world economy refers to the global financial crisis (GFC). Subtly, the organizers of this conference use the terminology, global economic crisis (GEC). The proposition put forward in this paper is that there is substance to the distinction i ...
... Most discussion of the dramatic recent developments in the world economy refers to the global financial crisis (GFC). Subtly, the organizers of this conference use the terminology, global economic crisis (GEC). The proposition put forward in this paper is that there is substance to the distinction i ...
Introduction to Economics
... This means that we change one parameter at a time and watch how it influences the variables For example: if the government cuts income taxes in order to lead to an increase in personal income, we would like to see whether consumption rises If we hold everything else constant, we expect that most peo ...
... This means that we change one parameter at a time and watch how it influences the variables For example: if the government cuts income taxes in order to lead to an increase in personal income, we would like to see whether consumption rises If we hold everything else constant, we expect that most peo ...
The Interrelationship between Economic Development and
... destroy" existing market structures. After realizing their goals Schumpeterian entrepreneurs often develop into managerial business owners, but some may again start new ventures. Managerial business owners dominate in the large majority of small firms. They include many franchisees, shopkeepers and ...
... destroy" existing market structures. After realizing their goals Schumpeterian entrepreneurs often develop into managerial business owners, but some may again start new ventures. Managerial business owners dominate in the large majority of small firms. They include many franchisees, shopkeepers and ...
The Role of Natural Resources in Economic Development
... relationship between natural resources and economic development, and in particular, on the key issues and debates that are emerging from this thinking. As a useful starting point, I will characterise briefly how physical, human and natural capital are now thought to contribute to the functioning of ...
... relationship between natural resources and economic development, and in particular, on the key issues and debates that are emerging from this thinking. As a useful starting point, I will characterise briefly how physical, human and natural capital are now thought to contribute to the functioning of ...
Retirement at 69 – a Matter of Reason and Fairness German
... increasingly paying wage supplements. Yet the wage and salary levels regulated by collective agreement are also likely to see a strong hike in the coming year. Unit labor costs will consequently rise at an accelerated rate. These developments lead us to expect, on the one hand, a higher domestic infl ...
... increasingly paying wage supplements. Yet the wage and salary levels regulated by collective agreement are also likely to see a strong hike in the coming year. Unit labor costs will consequently rise at an accelerated rate. These developments lead us to expect, on the one hand, a higher domestic infl ...
Report by the Stiglitz Commission on the Measurement of Economic
... limitations of standard metrics, like GDP, there would have been less euphoria over economic performance in the years prior to the crisis; metrics which incorporated assessments of sustainability (e.g. increasing indebtedness) would have provided a more cautious view of economic performance. But man ...
... limitations of standard metrics, like GDP, there would have been less euphoria over economic performance in the years prior to the crisis; metrics which incorporated assessments of sustainability (e.g. increasing indebtedness) would have provided a more cautious view of economic performance. But man ...
Spending Disadvantage
... This file makes the argument that the affirmative plan is too expensive (spends too much money). The argument is that, if something costs too much, the government will not be responsible with money and this irresponsibility will damage the economy. For example, most government spending goes through ...
... This file makes the argument that the affirmative plan is too expensive (spends too much money). The argument is that, if something costs too much, the government will not be responsible with money and this irresponsibility will damage the economy. For example, most government spending goes through ...
PPT
... Example: Once construction on an office building is started, it is hard to tear down the building and redeploy the steel and glass to other economic uses. The more uncertain the world appears, the harder it is for investors to choose where to invest their resources. BACK TO ...
... Example: Once construction on an office building is started, it is hard to tear down the building and redeploy the steel and glass to other economic uses. The more uncertain the world appears, the harder it is for investors to choose where to invest their resources. BACK TO ...
Malawi - CUTS Geneva
... The role of parliament and parliamentarians should be strengthened Relevant government agencies can improve the dissemination of information by simplifying the presentation and improving access participation of CSOs and other relevant government ministries in the trade policy making process sh ...
... The role of parliament and parliamentarians should be strengthened Relevant government agencies can improve the dissemination of information by simplifying the presentation and improving access participation of CSOs and other relevant government ministries in the trade policy making process sh ...
Bad for Euroland, worse for Germany: The ECB`s record
... As we know today, Germany has yet to emerge from the debt trap it seems to have fallen into in the aftermath of its unification. After a last-minute dash below the Maastricht three percent hurdle in 1997 due to a U.S. sponsored export boom followed by a brief spurt of growth in 1999-2000, Germany h ...
... As we know today, Germany has yet to emerge from the debt trap it seems to have fallen into in the aftermath of its unification. After a last-minute dash below the Maastricht three percent hurdle in 1997 due to a U.S. sponsored export boom followed by a brief spurt of growth in 1999-2000, Germany h ...
Challenges to Production Base Diversification in Saudi Arabia*
... production base by some countries centers around the government's support for SMEs. For these reasons, a general commission has been recently established for SMEs in the Kingdom to monitor their performance, enhance their exports and conduct a review process to assess finance schemes and channels a ...
... production base by some countries centers around the government's support for SMEs. For these reasons, a general commission has been recently established for SMEs in the Kingdom to monitor their performance, enhance their exports and conduct a review process to assess finance schemes and channels a ...
ADOFrION AND GROWIH Robert King Ross Levine Working Paper No. 4681
... and reduce the rate of growth (see (14)). The evidence uncovered by Dc Long and Summers (1992) and by Jones (1992) suggests that the price of producer durables is lower in developed countries than in LDC's. Our model is consistent with this being an important factor in explaining the poor growth per ...
... and reduce the rate of growth (see (14)). The evidence uncovered by Dc Long and Summers (1992) and by Jones (1992) suggests that the price of producer durables is lower in developed countries than in LDC's. Our model is consistent with this being an important factor in explaining the poor growth per ...
Mauritius
... • First unlike other African countries, the country rapidly developed a manufacturing sector (specializing in textiles and clothing • Second Mauritius has successfully navigated the global economy upon which it is so dependent • It managed to contain the damage from the oil price shocks of the 1970s ...
... • First unlike other African countries, the country rapidly developed a manufacturing sector (specializing in textiles and clothing • Second Mauritius has successfully navigated the global economy upon which it is so dependent • It managed to contain the damage from the oil price shocks of the 1970s ...
Development and Family Studies
... and functions of money; modern banking institutions and central banks; credit control and monetary stabilization. Prerequisite(s): ECON 1100-1110. 4030. Economic Cycles and Forecasting. 3 hours. Historical survey of economic cycles, theories and stabilization policies. Analysis of major economic agg ...
... and functions of money; modern banking institutions and central banks; credit control and monetary stabilization. Prerequisite(s): ECON 1100-1110. 4030. Economic Cycles and Forecasting. 3 hours. Historical survey of economic cycles, theories and stabilization policies. Analysis of major economic agg ...
A New Economics for Creative Industries and Development
... uncertainty, power-law revenue models, tendencies toward monopoly, complex labour markets and property rights, endemic hold-up problems, information asymmetries, highly ...
... uncertainty, power-law revenue models, tendencies toward monopoly, complex labour markets and property rights, endemic hold-up problems, information asymmetries, highly ...
International Economics, 8e (Krugman) Chapter 10
... 14) Classical and Neoclassical trade theory makes the case that free trade can bring a country to an optimum and economically efficient use of its resources; and hence is an optimal trade-policy, if the objective is maximizing long term economic growth. There are those who argue that the experie ...
... 14) Classical and Neoclassical trade theory makes the case that free trade can bring a country to an optimum and economically efficient use of its resources; and hence is an optimal trade-policy, if the objective is maximizing long term economic growth. There are those who argue that the experie ...
Opportunity Cost.
... hte opportunity cost of that production is lower for that individual than for other people. • Basic Idea: There are differing opportunity costs of producing various g/s. Trading partners benefit if they specialize and trade based upon comparative advantage. There are gains from trade even if one of ...
... hte opportunity cost of that production is lower for that individual than for other people. • Basic Idea: There are differing opportunity costs of producing various g/s. Trading partners benefit if they specialize and trade based upon comparative advantage. There are gains from trade even if one of ...
Mateusz Machaj* MARKET SOCIALISM AND ECONOMIC
... The failure of market socialism model stems from the fact that it is not different from the standard type of socialism in which the role of governmental central planner is primary. 6 For this reason it fails on a very basic level; it cannot create a special type of competitive socialism. The proof f ...
... The failure of market socialism model stems from the fact that it is not different from the standard type of socialism in which the role of governmental central planner is primary. 6 For this reason it fails on a very basic level; it cannot create a special type of competitive socialism. The proof f ...