Productivity Growth in the Developed Economies
... Internet, mobile phones, etc.) While these IT innovations are clearly important, Gordon maintains they are not nearly as transformative as the technological breakthroughs of the previous industrial revolutions. While hand-held smart phones represent a major advance over land line sets, their economi ...
... Internet, mobile phones, etc.) While these IT innovations are clearly important, Gordon maintains they are not nearly as transformative as the technological breakthroughs of the previous industrial revolutions. While hand-held smart phones represent a major advance over land line sets, their economi ...
UNEXPECTED CONVERGENCE:
... Germany established its dominance and signed bilateral treaties with a number of SouthEast European countries. Italy tried to do the same within its fledgling Empire. Britain introduced the system of Imperial preferences, and Japan created the East Asian CoProsperity zone. In addition, the United St ...
... Germany established its dominance and signed bilateral treaties with a number of SouthEast European countries. Italy tried to do the same within its fledgling Empire. Britain introduced the system of Imperial preferences, and Japan created the East Asian CoProsperity zone. In addition, the United St ...
economic growth
... we need to develop additional indices that would tell a more comprehensive, a more holistic story about how human society is progressing … The human being has two needs, the needs of the body and the needs of the mind, and what we have focused on so far is mostly the body, perhaps only the body … So ...
... we need to develop additional indices that would tell a more comprehensive, a more holistic story about how human society is progressing … The human being has two needs, the needs of the body and the needs of the mind, and what we have focused on so far is mostly the body, perhaps only the body … So ...
Intermediate Macroeconomics
... For a variety of reasons, email is not efficient for communication. See me during office hours instead. Make-up exams will be allowed only under extreme circumstances, such as illness. In order to schedule a make-up exam you must notify me prior to the exam (this is the only case where email commu ...
... For a variety of reasons, email is not efficient for communication. See me during office hours instead. Make-up exams will be allowed only under extreme circumstances, such as illness. In order to schedule a make-up exam you must notify me prior to the exam (this is the only case where email commu ...
The Postmodern Persistence of the Brazilian
... repressive and propagandist means, disciplining politicians, union leaders, and anyone else that posed a threat to the vision of the Estado Novo. Two major institutional characteristics emerged from this process. First, the development state emerged in the context of a coalition between the federal ...
... repressive and propagandist means, disciplining politicians, union leaders, and anyone else that posed a threat to the vision of the Estado Novo. Two major institutional characteristics emerged from this process. First, the development state emerged in the context of a coalition between the federal ...
economic growth
... we need to develop additional indices that would tell a more comprehensive, a more holistic story about how human society is progressing … The human being has two needs, the needs of the body and the needs of the mind, and what we have focused on so far is mostly the body, perhaps only the body … So ...
... we need to develop additional indices that would tell a more comprehensive, a more holistic story about how human society is progressing … The human being has two needs, the needs of the body and the needs of the mind, and what we have focused on so far is mostly the body, perhaps only the body … So ...
Focus Germany: Pick-up in the domestic economy in 2016
... growth. Especially in H1 2015 German exports had still been able to disconnect from nearly stagnating world trade growth thanks to strong US demand. This will probably also weigh on investment in machinery and equipment. Private consumption should, by contrast, remain the most important growth drive ...
... growth. Especially in H1 2015 German exports had still been able to disconnect from nearly stagnating world trade growth thanks to strong US demand. This will probably also weigh on investment in machinery and equipment. Private consumption should, by contrast, remain the most important growth drive ...
1 Sources of economic growth in South Korea: an application of the
... The economic growth and transformation of the Korean economy from 1962 to the present has been truly remarkable (see, for example, Harvie and Lee, 2003a and 2003b; Song, 1990). From being a poverty stricken and economically backward country in 1962 with a GDP per capita of only US$82, by 2005 this e ...
... The economic growth and transformation of the Korean economy from 1962 to the present has been truly remarkable (see, for example, Harvie and Lee, 2003a and 2003b; Song, 1990). From being a poverty stricken and economically backward country in 1962 with a GDP per capita of only US$82, by 2005 this e ...
Ch 18 PDF
... in fostering economic development through its tariffs (taxes on imported goods), tax policies, the use of public lands, and the creation of a national bank. More recently, the government has also become involved in social regulations that affect the economy, such as income security policies. With th ...
... in fostering economic development through its tariffs (taxes on imported goods), tax policies, the use of public lands, and the creation of a national bank. More recently, the government has also become involved in social regulations that affect the economy, such as income security policies. With th ...
Dia 1 - FIN - Vlaanderen.be
... This presentation has been prepared by Flanders for informational purposes only. Although the information in this presentation has been obtained from sources which Flanders believes to be reliable, we do not represent or warrant its accuracy, and such information may be incomplete or condensed. This ...
... This presentation has been prepared by Flanders for informational purposes only. Although the information in this presentation has been obtained from sources which Flanders believes to be reliable, we do not represent or warrant its accuracy, and such information may be incomplete or condensed. This ...
Economic Growth vs
... The concept of living standards has to be interpreted in a broad sense. This supported by the following statement: “since people derive utility or well-being not merely from the command over income alone” (Neumayer, 2003, p.276). From this observation, we take for granted that living standards are c ...
... The concept of living standards has to be interpreted in a broad sense. This supported by the following statement: “since people derive utility or well-being not merely from the command over income alone” (Neumayer, 2003, p.276). From this observation, we take for granted that living standards are c ...
Seven centuries of European economic growth and decline
... Certainly, England was highly dependent on Swedish iron imports in the seventeenth century (King 2005) and sought to emulate Holland’s economic policies (Thirsk 1978). At the same time, until the eighteenth century, no two economies of the six shown here experienced simultaneous major phases of econ ...
... Certainly, England was highly dependent on Swedish iron imports in the seventeenth century (King 2005) and sought to emulate Holland’s economic policies (Thirsk 1978). At the same time, until the eighteenth century, no two economies of the six shown here experienced simultaneous major phases of econ ...
Resource Curse and the Need for Economic Diversification
... to emerge in the 1980’s. In this light, Richard Auty in 1993 described how countries rich in natural resources were unable to use that wealth to boost their economies and how, counterintuitively, these countries had lower economic growth than countries without an abundance of natural resources. Nume ...
... to emerge in the 1980’s. In this light, Richard Auty in 1993 described how countries rich in natural resources were unable to use that wealth to boost their economies and how, counterintuitively, these countries had lower economic growth than countries without an abundance of natural resources. Nume ...
Course Outline 2017 ECON 211: MACROECONOMICS (15 POINTS
... Provides an introduction to the dynamic microfoundation of macroeconomics, and demonstrates how we can utilise these foundations, (i) to understand the trends and fluctuations of macroeconomic aggregates like national output, unemployment, inflation and interest rates, and (ii) to predict the outcom ...
... Provides an introduction to the dynamic microfoundation of macroeconomics, and demonstrates how we can utilise these foundations, (i) to understand the trends and fluctuations of macroeconomic aggregates like national output, unemployment, inflation and interest rates, and (ii) to predict the outcom ...
Impact of Trade Freedom, Property Rights, Fiscal Freedom, and
... part of this effort, the OECD (2009A, p. 1, 2009B, p. 1) advocates the position that governments must be cautious not to jeopardize or sacrifice economic freedoms as they pursue policies to strengthen and revitalize their economies. This study begins with the observation that property rights provide ...
... part of this effort, the OECD (2009A, p. 1, 2009B, p. 1) advocates the position that governments must be cautious not to jeopardize or sacrifice economic freedoms as they pursue policies to strengthen and revitalize their economies. This study begins with the observation that property rights provide ...
The Business Cycle in the Philippines
... This paper provides an overall picture of the Philippine business cycles covering the period 1981 to 2003 by characterizing them in terms of volatility, co-movement and persistence. As a trend-cycle decomposition technique, the most frequently used Hodrick Prescott filter was applied. The period und ...
... This paper provides an overall picture of the Philippine business cycles covering the period 1981 to 2003 by characterizing them in terms of volatility, co-movement and persistence. As a trend-cycle decomposition technique, the most frequently used Hodrick Prescott filter was applied. The period und ...
The Manchurian Economy and the 1930s World Depression
... fluctuations in this highly commercialised area resulted from movements in the world economy, and how far from internal non-economic disturbances. After a brief discussion of Manchuria’s economic structure, this paper presents an estimate of trends in Manchurian GDP between 1924 and 1937. It then ad ...
... fluctuations in this highly commercialised area resulted from movements in the world economy, and how far from internal non-economic disturbances. After a brief discussion of Manchuria’s economic structure, this paper presents an estimate of trends in Manchurian GDP between 1924 and 1937. It then ad ...
Krugman_Dynamic PPTs_Ch21 Lecture
... Macroeconomics: Theory and Policy Pre-1930s conventional wisdom Self-regulating economy: Problems such as unemployment are resolved without government intervention through the working of the invisible hand. Post-1930s conventional wisdom Keynesian economics: Economic slumps are caused by inadequate ...
... Macroeconomics: Theory and Policy Pre-1930s conventional wisdom Self-regulating economy: Problems such as unemployment are resolved without government intervention through the working of the invisible hand. Post-1930s conventional wisdom Keynesian economics: Economic slumps are caused by inadequate ...
Economics: The Core Issues
... We have unlimited wants (desire)—It either grows or changes, but…. But the RESOURCES from which we produce goods and services that satisfy our needs (wants) are limited. Resources are Limited in Supply. That is, Resources are Scarce!!! ...
... We have unlimited wants (desire)—It either grows or changes, but…. But the RESOURCES from which we produce goods and services that satisfy our needs (wants) are limited. Resources are Limited in Supply. That is, Resources are Scarce!!! ...
Uncertainty and the Institutional Structure of Capitalist Economies
... of muttially consistent models such as are needed for the existence of a rational expectations equilibrium. In Sargent's argument, "bounded rationality" means that the agents in the economy are unsure about the degree of rational belief that is warranted in the model that they use at any time to gui ...
... of muttially consistent models such as are needed for the existence of a rational expectations equilibrium. In Sargent's argument, "bounded rationality" means that the agents in the economy are unsure about the degree of rational belief that is warranted in the model that they use at any time to gui ...
FRBSF E L
... Recent economic indicators show that U.S. economic growth has slowed considerably. After adjusting for inflation, aggregate output increased little during the final three months of 2015. Is this the start of a serious stumble by an aging economy with creaky knees? Are we due for a recession? Or is t ...
... Recent economic indicators show that U.S. economic growth has slowed considerably. After adjusting for inflation, aggregate output increased little during the final three months of 2015. Is this the start of a serious stumble by an aging economy with creaky knees? Are we due for a recession? Or is t ...
Modern Perspectives on Fiscal Stabilization Policies 1 Introduction
... gapt = 0 . The presence of distortions of different sorts (market power, distortionary taxes) will generally imply that the gap variable takes a negative value (corresponding to an inefficiently low level of economic activity). As shown in GGL, given a parametric specification for the marginal produ ...
... gapt = 0 . The presence of distortions of different sorts (market power, distortionary taxes) will generally imply that the gap variable takes a negative value (corresponding to an inefficiently low level of economic activity). As shown in GGL, given a parametric specification for the marginal produ ...
Slide 1
... manufacturing activity. • Concentration is measured as the relative production share across countries for a given industry ...
... manufacturing activity. • Concentration is measured as the relative production share across countries for a given industry ...
Economics - Shaheed Benazir Bhutto University, Shaheed
... 1. Equations and identities: linear equations quadratic equations, simultaneous equations. 2. Functions and variables : The concept of functions explicit and implicit functions the range of variable graphical representation of functions. 3. Economical applications equations and equilibrium (A) Price ...
... 1. Equations and identities: linear equations quadratic equations, simultaneous equations. 2. Functions and variables : The concept of functions explicit and implicit functions the range of variable graphical representation of functions. 3. Economical applications equations and equilibrium (A) Price ...