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Economic Content - The Manchester Independent Economic Review
... developing economies into the global economy. In hindsight, however, lax economic and regulatory policies may have allowed unsustainable growth, and may have contributed to a build-up in imbalances across financial, housing, and commodity markets. At the same time, market flaws, together with policy ...
... developing economies into the global economy. In hindsight, however, lax economic and regulatory policies may have allowed unsustainable growth, and may have contributed to a build-up in imbalances across financial, housing, and commodity markets. At the same time, market flaws, together with policy ...
The role of labor markets for euro area monetary - ECB
... matched where the search process is time consuming and costly. Via the specification of the search process and the wage bargaining scheme it is possible to map institutional features of the euro area labor markets into the model. The model is calibrated to match the key characteristics of the euro ar ...
... matched where the search process is time consuming and costly. Via the specification of the search process and the wage bargaining scheme it is possible to map institutional features of the euro area labor markets into the model. The model is calibrated to match the key characteristics of the euro ar ...
NBER WORKING PAPER SERIES EVALUATING LABOR MARKET REFORMS: A GENERAL EQUILIBRIUM APPROACH
... percent of gross salary. Germany moved in 1985 from a restrictive casuistic to a widespread allowance of temporary contracts for any new hiring and former apprentices. Also, the maximum length was extended from six months to up to two years. In Italy, fixed-term contracts were limited to seasonal an ...
... percent of gross salary. Germany moved in 1985 from a restrictive casuistic to a widespread allowance of temporary contracts for any new hiring and former apprentices. Also, the maximum length was extended from six months to up to two years. In Italy, fixed-term contracts were limited to seasonal an ...
Destructive competition: Oil and rent seeking in Iran
... defined. Indeed, each firm can be seen as contributing to a common pool of income. This leads to a common pool problem, resulting in underinvestment. The common pool problem is aggravated by the fact that firms use resources trying to influence the distribution of the common pool of income. Let kj m ...
... defined. Indeed, each firm can be seen as contributing to a common pool of income. This leads to a common pool problem, resulting in underinvestment. The common pool problem is aggravated by the fact that firms use resources trying to influence the distribution of the common pool of income. Let kj m ...
Kangur - European Commission
... In this paper we look back over a period of ten years of international collaborative research on the development and application of macro modelling to the evaluation of the impacts of National Development Plans (NDPs) and Community Support Frameworks (CSFs). This work started in Ireland in 1989, dri ...
... In this paper we look back over a period of ten years of international collaborative research on the development and application of macro modelling to the evaluation of the impacts of National Development Plans (NDPs) and Community Support Frameworks (CSFs). This work started in Ireland in 1989, dri ...
CHAPTER 16 INVESTMENT SPENDING Chapter Outline The Stock
... reducing the rental cost of capital. An investment credit can therefore be seen as a government subsidy for investment. Monetary policy affects investment spending via the desired capital stock through its effect on market interest rates. However, there can be long lags. For one, business fixed inve ...
... reducing the rental cost of capital. An investment credit can therefore be seen as a government subsidy for investment. Monetary policy affects investment spending via the desired capital stock through its effect on market interest rates. However, there can be long lags. For one, business fixed inve ...
KOREA`S CAPITAL INVESTMENT:
... with varying degrees of efficiency. The chief means for assessing the efficiency of investment is the rate of return on capital. Rates of return below the cost of capital indicate that resources are being wasted. Returns below those earned elsewhere—in other firms, industries, or countries—suggest p ...
... with varying degrees of efficiency. The chief means for assessing the efficiency of investment is the rate of return on capital. Rates of return below the cost of capital indicate that resources are being wasted. Returns below those earned elsewhere—in other firms, industries, or countries—suggest p ...
Lecture no.1 Economics – Meaning, Definitions, Subject matter of
... activities, which are concerned with the efficient use of scarce means that can satisfy the wants of man. After the basic needs viz., food, shelter and clothing have been satisfied, the priorities shift towards other wants. Human wants are unlimited, in the sense, that as soon as one want is satisfi ...
... activities, which are concerned with the efficient use of scarce means that can satisfy the wants of man. After the basic needs viz., food, shelter and clothing have been satisfied, the priorities shift towards other wants. Human wants are unlimited, in the sense, that as soon as one want is satisfi ...
the moral imperative and social rationality of government
... limits ready access to the means of production. Although these property-rights institutions increased productivity, only those who own or control the principal means of production retain free access. Most others, until the evolution of capitalism, were tied to the land as slaves and serfs or in debt ...
... limits ready access to the means of production. Although these property-rights institutions increased productivity, only those who own or control the principal means of production retain free access. Most others, until the evolution of capitalism, were tied to the land as slaves and serfs or in debt ...
economic theory in transition
... of what happened to Keynesianism but can at most give thrusts to the right direction. Nonetheless, the paradigm shift from Keynesianism to neoclassical economic policy and the wide-spread popularity and discursive hegemony gained by the latter is so aggressive in the case of the United States that i ...
... of what happened to Keynesianism but can at most give thrusts to the right direction. Nonetheless, the paradigm shift from Keynesianism to neoclassical economic policy and the wide-spread popularity and discursive hegemony gained by the latter is so aggressive in the case of the United States that i ...
E N conomic Statistics in ew Zealand
... involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of production of economic statistics ...
... involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of production of economic statistics ...
SUSTAINABLE DYNAMISM: A Regional Economic Development
... 1962, Tiebout forged the connections between economic base theory and Keynesian theory.4 The key driver of growth in the economic-base model is trade. It focuses on macroeconomic analysis, as opposed to microeconomic analysis, and the basic level of aggregation is the city or region. The critical li ...
... 1962, Tiebout forged the connections between economic base theory and Keynesian theory.4 The key driver of growth in the economic-base model is trade. It focuses on macroeconomic analysis, as opposed to microeconomic analysis, and the basic level of aggregation is the city or region. The critical li ...
what do we know about macroeconomics
... output: higher money led to higher prices; higher prices "excited" business and led in turn to higher output. Others stressed the eflfects from money to output, and from output to prices: higher money increased demand and output, and the increase in output in turn led to an increase in prices over t ...
... output: higher money led to higher prices; higher prices "excited" business and led in turn to higher output. Others stressed the eflfects from money to output, and from output to prices: higher money increased demand and output, and the increase in output in turn led to an increase in prices over t ...
Print this article - Journal of World
... Other discussions of trade dependency focus on the character of a nation’s participation in the global trading system. Commodity concentration refers to the degree to which a nation’s export role is limited to the production of only a few commodities. In comparison, nations with a more diversified ar ...
... Other discussions of trade dependency focus on the character of a nation’s participation in the global trading system. Commodity concentration refers to the degree to which a nation’s export role is limited to the production of only a few commodities. In comparison, nations with a more diversified ar ...
New Labour, the `Third Way` and the Sector Skills Agreement
... vacuum created by the ‘fall of Marxism’. Giddens (1998) concludes that central to the socialist vision was the fact that Socialism was committed to economic planning, and it was this commitment to economic planning that was eventually the undoing of the communist countries economies that espoused it ...
... vacuum created by the ‘fall of Marxism’. Giddens (1998) concludes that central to the socialist vision was the fact that Socialism was committed to economic planning, and it was this commitment to economic planning that was eventually the undoing of the communist countries economies that espoused it ...
Fertility determinants and economic uncertainty: an assessment
... fertility rate until 1965. Initially, the rise in real per capita income might increase the desirable number of surviving children and hence, despite the decline in mortality rate, the fertility rate remained constant. In the following years, the declining fertility rates can be explained by the ne ...
... fertility rate until 1965. Initially, the rise in real per capita income might increase the desirable number of surviving children and hence, despite the decline in mortality rate, the fertility rate remained constant. In the following years, the declining fertility rates can be explained by the ne ...
Household Debt and Fiscal Multipliers by J
... But many households not only have assets, but also liabilities, so their consumption decisions are affected by the evolution of their net worth, including real estate and private debt. In this paper we study the size of fiscal multipliers, paying special attention to the main determinants of consump ...
... But many households not only have assets, but also liabilities, so their consumption decisions are affected by the evolution of their net worth, including real estate and private debt. In this paper we study the size of fiscal multipliers, paying special attention to the main determinants of consump ...
E G conomic Statistics in eorgia
... ○ Plans are currently being implemented to improve coordination of production of economic statistics ...
... ○ Plans are currently being implemented to improve coordination of production of economic statistics ...
Investment Hangover and the Great Recessionâ
... rate fell back below 65% in 2014, suggesting that the housing capital might have been in excess for many years after 2007. The excess housing capital lowers residential investment and slows down economic activity. Our argument so far is similar to the Austrian theory of the business cycle, in which ...
... rate fell back below 65% in 2014, suggesting that the housing capital might have been in excess for many years after 2007. The excess housing capital lowers residential investment and slows down economic activity. Our argument so far is similar to the Austrian theory of the business cycle, in which ...
Money, Income, Prices, and Causality in Pakistan
... There has been a long debate in economics regarding the role of money in an economy particularly in the determination of income and prices. The Monetarists claim that money plays an active role and leads to changes in income and prices. In other words, changes in income and prices in an economy are ...
... There has been a long debate in economics regarding the role of money in an economy particularly in the determination of income and prices. The Monetarists claim that money plays an active role and leads to changes in income and prices. In other words, changes in income and prices in an economy are ...
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... Although economic activity in advanced economies remains constrained by structural problems, there have been signs of a recovery since the beginning of the year. The US economy has coped very well with cuts to the public budget. Japan’s new government has succeeded in clearly stimulating the country ...
... Although economic activity in advanced economies remains constrained by structural problems, there have been signs of a recovery since the beginning of the year. The US economy has coped very well with cuts to the public budget. Japan’s new government has succeeded in clearly stimulating the country ...
... individual who is physically able, mentally alert and intellectually sound is willing to employ these qualities to earn a living lacks the opportunity to do so (Lawanson, 2007). A nation can enjoy a high standard of living if it can produce more job opportunity needed by the people. The productivity ...
THE CLINTON vs. TRUMP DEBATE ON
... What is the capital element of the production function? ............................. 58 a) How do businesses get access to capital for “real” investment? ................. 58 b) What is the relationship between “real” investment and economic growth?59 ...
... What is the capital element of the production function? ............................. 58 a) How do businesses get access to capital for “real” investment? ................. 58 b) What is the relationship between “real” investment and economic growth?59 ...
WORKING PAPER SERIES
... to show the direction of causality between economic freedom and growth. What is debated is not only the direction of the causality in general, but whether there is a reverse causality besides the causal relationship running from economic freedom to growth. Some argue that economic freedom is purely ...
... to show the direction of causality between economic freedom and growth. What is debated is not only the direction of the causality in general, but whether there is a reverse causality besides the causal relationship running from economic freedom to growth. Some argue that economic freedom is purely ...