Human capital and economic growth in OECD countries
... Thus, a one-time increase in the stock of human capital raises the steadystate growth rate of the economy, depending on the productivity χ, in contrast to the model of Lucas where it only has a level effect. The same holds for the models of Baumol (1986) and Barro (1991) in which countries with a be ...
... Thus, a one-time increase in the stock of human capital raises the steadystate growth rate of the economy, depending on the productivity χ, in contrast to the model of Lucas where it only has a level effect. The same holds for the models of Baumol (1986) and Barro (1991) in which countries with a be ...
World Bank Document
... The war with Ethiopia has had serious consequences on the Eritrean economy as funds have been diverted to military uses and personnel have been deployed to the front. This has resulted in a deteriorating fiscal position, increased domestic and external borrowing to finance the budget, concomitant pr ...
... The war with Ethiopia has had serious consequences on the Eritrean economy as funds have been diverted to military uses and personnel have been deployed to the front. This has resulted in a deteriorating fiscal position, increased domestic and external borrowing to finance the budget, concomitant pr ...
Economics
... satisfactorily completed at least six Units, including Caribbean Studies. The third is the CAPE Associate Degree, awarded for the satisfactory completion of a prescribed cluster of seven CAPE Units including Caribbean Studies and Communication Studies. For the CAPE diploma and the CAPE Associate Deg ...
... satisfactorily completed at least six Units, including Caribbean Studies. The third is the CAPE Associate Degree, awarded for the satisfactory completion of a prescribed cluster of seven CAPE Units including Caribbean Studies and Communication Studies. For the CAPE diploma and the CAPE Associate Deg ...
Beyond Stratification: The Emerging Class Structure In Rural Russia
... individuals had very different perceptions about their relative income status to other households, and about changes in their households’ purchasing power. The data allow us to conclude, therefore, that income stratification had both objective and subjective dimensions during rural reform in Russia. ...
... individuals had very different perceptions about their relative income status to other households, and about changes in their households’ purchasing power. The data allow us to conclude, therefore, that income stratification had both objective and subjective dimensions during rural reform in Russia. ...
the case of guam - Allied Academies
... etc.). It is in many economies, not only on Guam, a relatively low-paying, low-productivity service sector with little opportunity for innovation. It also puts Guam in direct competition with neighboring islands, including Hawaii. Guam’s tourism agency, the Guam Visitors Bureau, has not fallen short ...
... etc.). It is in many economies, not only on Guam, a relatively low-paying, low-productivity service sector with little opportunity for innovation. It also puts Guam in direct competition with neighboring islands, including Hawaii. Guam’s tourism agency, the Guam Visitors Bureau, has not fallen short ...
Macroeconomics: an Introduction - Penn Economics
... 2. Proprietors’ Income: income of noncorporate business. 3. Rental Income: income that landlords receive from renting, including “imputed” rent less expenses on the house, such as depreciation. 4. Corporate Profits: income of corporations after payments to their workers and creditors. 5. Net interes ...
... 2. Proprietors’ Income: income of noncorporate business. 3. Rental Income: income that landlords receive from renting, including “imputed” rent less expenses on the house, such as depreciation. 4. Corporate Profits: income of corporations after payments to their workers and creditors. 5. Net interes ...
PDF
... In scenarios C and D, where land markets are absent, the final term on the right hand side of the cash income constraint (net rental payments) is dropped and a household land constraint is added. In these two scenarios, commercial households are again profit maximizers with land being treated as a f ...
... In scenarios C and D, where land markets are absent, the final term on the right hand side of the cash income constraint (net rental payments) is dropped and a household land constraint is added. In these two scenarios, commercial households are again profit maximizers with land being treated as a f ...
Financing Constraints and Entrepreneurship
... difficulties faced by startups in raising capital might adversely impact the commercialization of new technologies. Using historical data on banking-sector development and technology diffusion, they find that capital-intensive technologies are adopted much faster relative to less capital-intensive t ...
... difficulties faced by startups in raising capital might adversely impact the commercialization of new technologies. Using historical data on banking-sector development and technology diffusion, they find that capital-intensive technologies are adopted much faster relative to less capital-intensive t ...
Powerpoint - DebtDeflation
... – But could aggregate to classes – Should revive Classical economic class-based analysis • Alan Kirman’s sensible reaction to this result: – “If we are to progress further we may well be forced to theorise in terms of groups who have collectively coherent behaviour. – Thus demand and expenditure fun ...
... – But could aggregate to classes – Should revive Classical economic class-based analysis • Alan Kirman’s sensible reaction to this result: – “If we are to progress further we may well be forced to theorise in terms of groups who have collectively coherent behaviour. – Thus demand and expenditure fun ...
paper
... grow rapidly. Between 1995 and 2007, the private employment share increased from 40% to 80% (see more details in section 2). This era of fast privatization implies large efficiency gain and rapid growth, as in the first stage of the theory. However, the employment share of private sector subsequentl ...
... grow rapidly. Between 1995 and 2007, the private employment share increased from 40% to 80% (see more details in section 2). This era of fast privatization implies large efficiency gain and rapid growth, as in the first stage of the theory. However, the employment share of private sector subsequentl ...
The competitiveness of regions - E-SGH
... „I believe that many police makers, like many corporate ...
... „I believe that many police makers, like many corporate ...
Progressives: there are two profoundly condescending assumptions
... Americans who have lost their jobs or fear losing them are more worried about an abstraction -the budget deficit in Washington -- than about the realities of their lives -- that they face a budget deficit around their own kitchen table at the end of every month when they're trying to pay their rent ...
... Americans who have lost their jobs or fear losing them are more worried about an abstraction -the budget deficit in Washington -- than about the realities of their lives -- that they face a budget deficit around their own kitchen table at the end of every month when they're trying to pay their rent ...
del09 Rougier new 9998477 en
... pattern occur in order both to avoid diminishing returns on factor accumulation and to feed a demand for skills. Another recent strand of the theoretical literature is apparently more relevant for our purpose. It studies the process of change in the sector structure of labour or income and its impli ...
... pattern occur in order both to avoid diminishing returns on factor accumulation and to feed a demand for skills. Another recent strand of the theoretical literature is apparently more relevant for our purpose. It studies the process of change in the sector structure of labour or income and its impli ...
The Financial Accelerator in a Quantitative Business Cycle Framework
... special case. It thus has the virtue of versatility. Extending any type of contemporary business cycle model to incorporate financial accelerator effects is, however, not straightforward. There are two general problems: First, because we want lending and borrowing to occur among private agents in eq ...
... special case. It thus has the virtue of versatility. Extending any type of contemporary business cycle model to incorporate financial accelerator effects is, however, not straightforward. There are two general problems: First, because we want lending and borrowing to occur among private agents in eq ...
Geneva UNRISD 2008 6
... around the world is the persistent trend from short lives in large families to long lives in small families as birth rates have declined sharply. Lower birth rates and reduced population growth enable parents to provide better more and better education to each of their children and thereby to increa ...
... around the world is the persistent trend from short lives in large families to long lives in small families as birth rates have declined sharply. Lower birth rates and reduced population growth enable parents to provide better more and better education to each of their children and thereby to increa ...
E N conomic Statistics in auru
... This national summary was prepared by ESCAP Statistics Division in November, 2013. Results of the Capacity Screening questionnaire were received in November, 2013 from 50 of the 58 member countries who were contacted. Further information on RPES and the Core Set is available here: http://www.unescap ...
... This national summary was prepared by ESCAP Statistics Division in November, 2013. Results of the Capacity Screening questionnaire were received in November, 2013 from 50 of the 58 member countries who were contacted. Further information on RPES and the Core Set is available here: http://www.unescap ...
ThemeGallery PowerTemplate - United Nations Economic
... conducted, which allowed calculation of output, intermediate consumption and gross fixed capital formation by three groups: • market producers active on the market; • market producers which do not have sales (R&D development is performed at own expense); • units of general government sector. ...
... conducted, which allowed calculation of output, intermediate consumption and gross fixed capital formation by three groups: • market producers active on the market; • market producers which do not have sales (R&D development is performed at own expense); • units of general government sector. ...
NBER WORKING PAPER SERIES INSTITUTIONAL ASPECTS OF HIGH UNEMPLOYMENT IN THE
... expected to absorb redundant labor released by the production sectors. Second, there is evidence that the unemployment insurance ...
... expected to absorb redundant labor released by the production sectors. Second, there is evidence that the unemployment insurance ...
Transmission of Monetary Policy with Heterogeneity in Household
... income for most households and at the same time subject to substantial idiosyncratic shocks. The presence of such shocks gives rise to both precautionary savings and cross-sectional differences in holdings of tradable assets when markets are incomplete. Importantly, tradable assets vary in their deg ...
... income for most households and at the same time subject to substantial idiosyncratic shocks. The presence of such shocks gives rise to both precautionary savings and cross-sectional differences in holdings of tradable assets when markets are incomplete. Importantly, tradable assets vary in their deg ...
Adam Smith`s Legacy: His Place in the Development of Modern
... death of Adam Smith. It was not only for that reason a special occasion, but also because it brought together the largest number of Nobel laureates in Economic Science since the prize was instituted in 1969. Though not every one could be present personally, eleven of the laureates contributed in som ...
... death of Adam Smith. It was not only for that reason a special occasion, but also because it brought together the largest number of Nobel laureates in Economic Science since the prize was instituted in 1969. Though not every one could be present personally, eleven of the laureates contributed in som ...
Conditional Effects of Democracy and Trade
... becomes embedded in a states’ judicial system. Contractual norms generate “legalistic ...
... becomes embedded in a states’ judicial system. Contractual norms generate “legalistic ...
E P conomic Statistics in hilippines
... implemented ▪Statistical law protects confidentiality and independence of statistical information ▪ Decentralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of produ ...
... implemented ▪Statistical law protects confidentiality and independence of statistical information ▪ Decentralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of produ ...
9 Keynes and money
... revolution in economic theory was truly a revolt against orthodox theory since it aimed at rejecting some basic mainstream axioms to provide a logical foundation for a non-Say’s Law model applicable to the real world in which we happen to live. Unfortunately, since Keynes, orthodox economists, seduc ...
... revolution in economic theory was truly a revolt against orthodox theory since it aimed at rejecting some basic mainstream axioms to provide a logical foundation for a non-Say’s Law model applicable to the real world in which we happen to live. Unfortunately, since Keynes, orthodox economists, seduc ...
Wage theory, new deal labor policy and the Great Depression: were
... here is a melding of ideas from two founding fathers: J. R. Gommons who founded American industrial relations and co-founded institutional economics andj. M. Keynes who founded the Keynesian school of macroeconomics. Gommons and Keynes are not often linked in the contemporary economics literature, o ...
... here is a melding of ideas from two founding fathers: J. R. Gommons who founded American industrial relations and co-founded institutional economics andj. M. Keynes who founded the Keynesian school of macroeconomics. Gommons and Keynes are not often linked in the contemporary economics literature, o ...
economics notes
... Industrialisation involved high investment, de-industrialisation involves low investment. So what, what has changed are perceived opportunities for profitable investments. Investment is now in human capital. Investment involves both saving and spending. * investment function - i = f ( r ) Expectatio ...
... Industrialisation involved high investment, de-industrialisation involves low investment. So what, what has changed are perceived opportunities for profitable investments. Investment is now in human capital. Investment involves both saving and spending. * investment function - i = f ( r ) Expectatio ...