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Lodging Demands for Urban Hotels in Major Metropolitan Markets
... overall predictor of lodging demand than is PI and CI. However, if a manager is trying to examine the sensitivity of the property’s lodg- ing demand to variations in income for specific target-market mixes, then PI and CI may be better choices than GDP, because GDP provides little information regar ...
... overall predictor of lodging demand than is PI and CI. However, if a manager is trying to examine the sensitivity of the property’s lodg- ing demand to variations in income for specific target-market mixes, then PI and CI may be better choices than GDP, because GDP provides little information regar ...
What Have Two Decades of British Economic Reform
... Come to Britain to see how Britain has done it.” That is an enormous turn-around. (Margaret Thatcher, Financial Times, 15 February 1988) Government should have a role that is enabling: supporting small businesses, encouraging technological advance; investing in science; above all, promoting competit ...
... Come to Britain to see how Britain has done it.” That is an enormous turn-around. (Margaret Thatcher, Financial Times, 15 February 1988) Government should have a role that is enabling: supporting small businesses, encouraging technological advance; investing in science; above all, promoting competit ...
subject economics - Kendriya Vidyalaya CRPF Durgapur, West Bengal
... 16. What do you mean by demand? Explain the determinants of demand For a commodity. Ans: - Demand - The quantity of a commodity which a consumer wish to purchase at given price and given period of time is called demand. Determinants of demand- The main determinants of demand for a commodity are as f ...
... 16. What do you mean by demand? Explain the determinants of demand For a commodity. Ans: - Demand - The quantity of a commodity which a consumer wish to purchase at given price and given period of time is called demand. Determinants of demand- The main determinants of demand for a commodity are as f ...
Bajada, Economic Principles 3e
... to ensure full employment at all times. • Two basic assumptions of the classical theory are: – underspending is most unlikely to occur – prices and wages adjust to ensure that a decline in spending would not result in a fall in real output, employment and real incomes. ...
... to ensure full employment at all times. • Two basic assumptions of the classical theory are: – underspending is most unlikely to occur – prices and wages adjust to ensure that a decline in spending would not result in a fall in real output, employment and real incomes. ...
Study Guide for Williamson Intermediate Macroeconomics, First
... the sum of value-added to goods and services produced across all productive units in the economy. This technique requires summing the value of all goods and services produced in the economy and then subtracting the value of all intermediate goods used. The second approach, the expenditure approach, ...
... the sum of value-added to goods and services produced across all productive units in the economy. This technique requires summing the value of all goods and services produced in the economy and then subtracting the value of all intermediate goods used. The second approach, the expenditure approach, ...
Intermediate Goods and Weak Links in the Theory of Economic
... two forces substantially multiply the effects of distortions to the allocation of resources. Large income differences that are hard to explain in a traditional neoclassical setup appear within reach when the multipliers associated with intermediate goods and complementarity are taken into account. T ...
... two forces substantially multiply the effects of distortions to the allocation of resources. Large income differences that are hard to explain in a traditional neoclassical setup appear within reach when the multipliers associated with intermediate goods and complementarity are taken into account. T ...
Neoclassical Models in Macroeconomics∗
... the development of information processing and communication technologies, including the integrated circuit, …ber optics, microwave technology, laptop computers and tablets, software applications, cellular technology, and the internet. Our focus on technologies and policies connects with considerable ...
... the development of information processing and communication technologies, including the integrated circuit, …ber optics, microwave technology, laptop computers and tablets, software applications, cellular technology, and the internet. Our focus on technologies and policies connects with considerable ...
an economic analysis of unemployment in trinidad and tobago
... unemployment rate ranged from 7.8% in Antigua/Barbuda to 19.7% in Barbados (see Table 1). The data also show that unemployment is particularly high among the young cohorts of the labor force (15-25 years), and especially among young females. It is generally believed that much of this open unemployme ...
... unemployment rate ranged from 7.8% in Antigua/Barbuda to 19.7% in Barbados (see Table 1). The data also show that unemployment is particularly high among the young cohorts of the labor force (15-25 years), and especially among young females. It is generally believed that much of this open unemployme ...
Inflation Uncertainty, Investment Spending, and Fiscal Policy
... behavior 'is the maior determinant of expectations. In this model, then, an increase in either the expected price or the expected quantity of output will lead to subsequent increases in investment spending. And an increase in the expected price of capital will lead to subsequent decreases in investm ...
... behavior 'is the maior determinant of expectations. In this model, then, an increase in either the expected price or the expected quantity of output will lead to subsequent increases in investment spending. And an increase in the expected price of capital will lead to subsequent decreases in investm ...
THE KEYNESIAN CROSS Preliminaries Macro Dynamics Aggregate
... This summarizes a central point of economist John Maynard Keynes in his General Theory (1936): namely, that it is perfectly possible for the economy as a whole to move towards and settle at an unemployment equilibrium - that is, at a level of output which is below full employment - and stay put the ...
... This summarizes a central point of economist John Maynard Keynes in his General Theory (1936): namely, that it is perfectly possible for the economy as a whole to move towards and settle at an unemployment equilibrium - that is, at a level of output which is below full employment - and stay put the ...
Teacher: Janet Russello Year: 2010
... economic reasoning behind a choice. 6.3.12.CScarcity and Choice ~ Evaluate the allocation of resources used to produce goods and services. 6.3.12.DScarcity and Choice ~ Evaluate regional, national or international economic decisions using marginal analysis. 6.3.12.EScarcity and Choice ~ Analyze the ...
... economic reasoning behind a choice. 6.3.12.CScarcity and Choice ~ Evaluate the allocation of resources used to produce goods and services. 6.3.12.DScarcity and Choice ~ Evaluate regional, national or international economic decisions using marginal analysis. 6.3.12.EScarcity and Choice ~ Analyze the ...
The Transformation of the Swedish Model: Economic
... Swedish model began in the midst of the economic crisis of the late 1920s, when a group of deputies of the Social Democratic Party (SAP), along with younger Swedish economists, became interested in ideas relating unemployment to insufficient demand. Challenged in particular were the classical postul ...
... Swedish model began in the midst of the economic crisis of the late 1920s, when a group of deputies of the Social Democratic Party (SAP), along with younger Swedish economists, became interested in ideas relating unemployment to insufficient demand. Challenged in particular were the classical postul ...
Inter-Industrial Factor Allocation in the Short and Long Runs in
... and the response of factor allocation to factor endowment changes. To this end, we develop a general equilibrium model that consists two industries characterized by the Dixit–Stiglitz type of monopolistic competition. Each industry uses two factors (capital and labor) that move between two industrie ...
... and the response of factor allocation to factor endowment changes. To this end, we develop a general equilibrium model that consists two industries characterized by the Dixit–Stiglitz type of monopolistic competition. Each industry uses two factors (capital and labor) that move between two industrie ...
NBER WORKING PAPER SERIES CURRENT ACCOUNT ADJUSTMENT: SOME NEW THEORY AND EVIDENCE
... current account), a country can export capital indirectly by exporting more of the capital-intensive product and at the same time importing more of the labor-intensive product (i.e., adjusting the composition of the intra-temporal trade). In this case, going from financial autarky to free internatio ...
... current account), a country can export capital indirectly by exporting more of the capital-intensive product and at the same time importing more of the labor-intensive product (i.e., adjusting the composition of the intra-temporal trade). In this case, going from financial autarky to free internatio ...
Public Pensions: To What Extent Do They Account for Swedish
... they do (see Huggett and Ventura (2000) for a survey of the evidence on U.S. savings rates across households). The question is why. Several recent papers have tried to account for this fact as it applies to the United States. Quadrini (2000) studies the effects on savings of giving agents the opport ...
... they do (see Huggett and Ventura (2000) for a survey of the evidence on U.S. savings rates across households). The question is why. Several recent papers have tried to account for this fact as it applies to the United States. Quadrini (2000) studies the effects on savings of giving agents the opport ...
An Application of the Value-Added Based Economic Integration
... This study presents the impact of a changed foundation of the cost-benefit analysis of monetary integration on the assessment of regional integration. A fundamental part of the analysis is a country’s degree of economic integration planning to participate in a monetary integration process. A high le ...
... This study presents the impact of a changed foundation of the cost-benefit analysis of monetary integration on the assessment of regional integration. A fundamental part of the analysis is a country’s degree of economic integration planning to participate in a monetary integration process. A high le ...
- Munich Personal RePEc Archive
... weak. This hypothesis further suggests that financial development benefits the rich due to ...
... weak. This hypothesis further suggests that financial development benefits the rich due to ...
So what is economic success? Going beyond GDP
... this success, and the role of business within the economy. This will enable us to explore the strengths and weaknesses of current measures of economic success – including GDP and profit – and whether they remain fit for purpose. Comparing the systems of national and organisational accounting will he ...
... this success, and the role of business within the economy. This will enable us to explore the strengths and weaknesses of current measures of economic success – including GDP and profit – and whether they remain fit for purpose. Comparing the systems of national and organisational accounting will he ...
Chapter 4: Theories of Economic Growth
... Potential output-per-worker as a function of the capital stock. Capital accumulation and higher output. Potential output per worker (Y/L) depends on the capital stock per worker (K/L). The higher the capital stock per worker--the more in the way of machines, buildings, infrastructure, and so forth a ...
... Potential output-per-worker as a function of the capital stock. Capital accumulation and higher output. Potential output per worker (Y/L) depends on the capital stock per worker (K/L). The higher the capital stock per worker--the more in the way of machines, buildings, infrastructure, and so forth a ...
pg07 Mamatzakis3 5108779 en
... measure this return in the case of Mexican economy. A country in which the role of public infrastructure may be seen as particularly influential is Mexico, given the government reduction of public investment from 12% in the early eighties to bellow 5% in the early nineties. This development comes in ...
... measure this return in the case of Mexican economy. A country in which the role of public infrastructure may be seen as particularly influential is Mexico, given the government reduction of public investment from 12% in the early eighties to bellow 5% in the early nineties. This development comes in ...
Technology, unemployment, and relative wages in a global economy
... Dixit and Norman (1980) turn the parable of Samuelson (1949) into a powerful analytic device. They establish conditions under which a full employment world with trade but no factor mobility replicates the ‘integrated equilibrium’ of an economy with perfect goods and factor mobility. Davis (1998) e ...
... Dixit and Norman (1980) turn the parable of Samuelson (1949) into a powerful analytic device. They establish conditions under which a full employment world with trade but no factor mobility replicates the ‘integrated equilibrium’ of an economy with perfect goods and factor mobility. Davis (1998) e ...
Equilibrium Versus the Invisible Hand
... Hayek, Hahn, and Lewin would call this an equilibrium, but Stiglitz and Kirzner would not. Thus, unexploited profit opportunities are consistent with an economy in equilibrium, if Hayek’s definition of equilibrium is accepted, but not if equilibrium is defined following Kirzner.10 The distinction is ...
... Hayek, Hahn, and Lewin would call this an equilibrium, but Stiglitz and Kirzner would not. Thus, unexploited profit opportunities are consistent with an economy in equilibrium, if Hayek’s definition of equilibrium is accepted, but not if equilibrium is defined following Kirzner.10 The distinction is ...
NBER WORKING PAPER SERIES ENDOGENOUS ENTRY, PRODUCT VARIETY, AND BUSINESS CYCLES
... This important contribution of product creation and destruction to aggregate output dynamics is convincingly documented in two new papers by Bernard, Redding, and Schott (2006) and Broda and Weinstein (2007), which are the first to measure product creation and destruction within firms across a larg ...
... This important contribution of product creation and destruction to aggregate output dynamics is convincingly documented in two new papers by Bernard, Redding, and Schott (2006) and Broda and Weinstein (2007), which are the first to measure product creation and destruction within firms across a larg ...
Economics Department (ECO)
... regarding the major issues and trends confronting the global society as it enters the 21st century. Emphasis will be given to a critical review and assessment of the origin and present condition of the plethora of situations and problems affecting modern global society. The student will also learn t ...
... regarding the major issues and trends confronting the global society as it enters the 21st century. Emphasis will be given to a critical review and assessment of the origin and present condition of the plethora of situations and problems affecting modern global society. The student will also learn t ...
Capital Account Liberalisation and Foreign Direct Investmentin Nigeria
... operating economic system with minimalist government intervention in the workings of the economy before liberalisation of capital account transactions can translates to foreign inflows of investment. The counter-revolution framework, as a refinement of the classical and neoclassical propositions, wa ...
... operating economic system with minimalist government intervention in the workings of the economy before liberalisation of capital account transactions can translates to foreign inflows of investment. The counter-revolution framework, as a refinement of the classical and neoclassical propositions, wa ...