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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 ...
A THEORETICAL GLANCE AT MILITARY EXPENDITURES
... Overlapping the policies suggested by Keynes to sustain the activity of the capitalist system, the military expenditures do not go beyond the reform line which the capitalists may possibly approve. According to this mechanism of Keynes (1940), first of all, the state does not negotiate itself in are ...
... Overlapping the policies suggested by Keynes to sustain the activity of the capitalist system, the military expenditures do not go beyond the reform line which the capitalists may possibly approve. According to this mechanism of Keynes (1940), first of all, the state does not negotiate itself in are ...
specific factors model
... thus cause international trade. • In the specific factors model, factors specific to export sectors in each country gain from trade, while factors specific to import-competing sectors lose. • Mobile factors that can work in either sector may either gain or lose. ...
... thus cause international trade. • In the specific factors model, factors specific to export sectors in each country gain from trade, while factors specific to import-competing sectors lose. • Mobile factors that can work in either sector may either gain or lose. ...
The Impact of Resource Abundance and Resource Inequality on
... exports of a profitable primary commodity cause the real exchange rate to appreciate, thus making manufacturing sectors less remunerative.9 If the manufacturing sector is more capital intensive than the commodity sector, then the disease would lead to less overall capital in the economy. Resource de ...
... exports of a profitable primary commodity cause the real exchange rate to appreciate, thus making manufacturing sectors less remunerative.9 If the manufacturing sector is more capital intensive than the commodity sector, then the disease would lead to less overall capital in the economy. Resource de ...
Chapter 3 Specific Factors and Income Distribution
... thus cause international trade. • In the specific factors model, factors specific to export sectors in each country gain from trade, while factors specific to import-competing sectors lose. • Mobile factors that can work in either sector may either gain or lose. ...
... thus cause international trade. • In the specific factors model, factors specific to export sectors in each country gain from trade, while factors specific to import-competing sectors lose. • Mobile factors that can work in either sector may either gain or lose. ...
AS Economics Specification
... second column and further guidance, where needed, in the third column. There is no hierarchy implied by the order in which the content and amplification are presented, nor should the length of the various sections be taken to imply any view of their ...
... second column and further guidance, where needed, in the third column. There is no hierarchy implied by the order in which the content and amplification are presented, nor should the length of the various sections be taken to imply any view of their ...
Lecture4
... To assess the effects of trade on particular groups, the key point is that international trade shifts the relative price of manufactures and food. Trade benefits the factor that is specific to the export sector of each country, but hurts the factor that is specific to the import-competing sectors. T ...
... To assess the effects of trade on particular groups, the key point is that international trade shifts the relative price of manufactures and food. Trade benefits the factor that is specific to the export sector of each country, but hurts the factor that is specific to the import-competing sectors. T ...
Shedding Light on the Global Distribution of Economic Activity
... Abstract: Collection of data on economic variables, especially sub-national income levels, is problematic, due to various shortcomings in the data collection process. Additionally, the informal economy is often excluded from official statistics. Nighttime lights satellite imagery and the LandScan po ...
... Abstract: Collection of data on economic variables, especially sub-national income levels, is problematic, due to various shortcomings in the data collection process. Additionally, the informal economy is often excluded from official statistics. Nighttime lights satellite imagery and the LandScan po ...
Research on flow Model of Nature Resource Scheduling and Green
... beings including mankind. Simply, the characteristics of nature resources contain that: 1) scattered, 2) regional, 3) impacted by technology, 4) impacted by economic, 5) unsymmetrical of information. The nature resources product, which is related to the economy, not only includes energy, fresh water ...
... beings including mankind. Simply, the characteristics of nature resources contain that: 1) scattered, 2) regional, 3) impacted by technology, 4) impacted by economic, 5) unsymmetrical of information. The nature resources product, which is related to the economy, not only includes energy, fresh water ...
The characteristics of a monetary economy: a Keynes
... theory to the mainstream one, capable of supporting the thesis of money non-neutrality on the grounds of the arguments developed by Keynes and Schumpeter. This theory will be formulated starting from the two points which are common in the views of both Keynes and Schumpeter. First, in contrast with ...
... theory to the mainstream one, capable of supporting the thesis of money non-neutrality on the grounds of the arguments developed by Keynes and Schumpeter. This theory will be formulated starting from the two points which are common in the views of both Keynes and Schumpeter. First, in contrast with ...
The Asset Market, Money, and Prices
... example, gold, houses, stocks and bonds. • Money is an asset widely used and accepted as payment. • Money has long been believed to have special significance. • The market for money is important because: – Prices are expressed in terms of money; – Because it is critical for understanding inflation; ...
... example, gold, houses, stocks and bonds. • Money is an asset widely used and accepted as payment. • Money has long been believed to have special significance. • The market for money is important because: – Prices are expressed in terms of money; – Because it is critical for understanding inflation; ...
The Product Side: Some Theoretical Aspects
... Even the NID usage omits quantitatively important economic activities. For example, the work of housewives is performed both because it is satisfying and because the result is wanted; it is therefore economic. Its value is omitted from measurement because it cannot be measured very accurately; its o ...
... Even the NID usage omits quantitatively important economic activities. For example, the work of housewives is performed both because it is satisfying and because the result is wanted; it is therefore economic. Its value is omitted from measurement because it cannot be measured very accurately; its o ...
Chapter 5: Inequality in Zimbabwe
... colonial society and economy, bringing about glaring inequalities between blacks and whites. As a result, the whites who constituted 4% of the country’s population controlled over 90% of the economy in terms of owning the means of production. The blacks who accounted for 96% of the population only c ...
... colonial society and economy, bringing about glaring inequalities between blacks and whites. As a result, the whites who constituted 4% of the country’s population controlled over 90% of the economy in terms of owning the means of production. The blacks who accounted for 96% of the population only c ...
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... long-term relation between industry and customers from the public sphere.2 Moreover, Scandinavian governments often set challenging novelty requirements and insisted on the development of technical advances while the respective private counterpart hesitated. Complementing these case study results, q ...
... long-term relation between industry and customers from the public sphere.2 Moreover, Scandinavian governments often set challenging novelty requirements and insisted on the development of technical advances while the respective private counterpart hesitated. Complementing these case study results, q ...
Wage-led versus profit-led demand regimes: The long and the short
... raises the question of why the redistribution of income from wages to profits in a supposedly profit-led demand regime has so far failed to bring about a more adequate long-run economic performance. (Storm and Naastepad 2012, p. 113) There are several possible answers to this question, which are not ...
... raises the question of why the redistribution of income from wages to profits in a supposedly profit-led demand regime has so far failed to bring about a more adequate long-run economic performance. (Storm and Naastepad 2012, p. 113) There are several possible answers to this question, which are not ...
What Does the Lewis Turning Point Mean for China? A
... 5 per cent reduction in skilled labor supply, and a combination of the above two. We are aware that the Lewis turning point is not necessarily equivalent to reduction in labor supply. However, in a static model, this is the best we could implement to simulate tighter labor market conditions. We m ...
... 5 per cent reduction in skilled labor supply, and a combination of the above two. We are aware that the Lewis turning point is not necessarily equivalent to reduction in labor supply. However, in a static model, this is the best we could implement to simulate tighter labor market conditions. We m ...
Informal sector and informal employment (ICLS & 2008 SNA)
... Sub-regional training workshop on changes in the 2008 SNA affecting GDP compilation 30 June 2014 Astana, Kazakhstan ...
... Sub-regional training workshop on changes in the 2008 SNA affecting GDP compilation 30 June 2014 Astana, Kazakhstan ...
PDF
... To include the monetary sector in each region we simply add LM curves. This implies that regionally homogeneous nominal bonds are the only financial assets other than regional money. Even though there is no interregional ownership of installed capital in the initial database these bonds are traded i ...
... To include the monetary sector in each region we simply add LM curves. This implies that regionally homogeneous nominal bonds are the only financial assets other than regional money. Even though there is no interregional ownership of installed capital in the initial database these bonds are traded i ...
PDF
... The basic and non-basic levels of employment were determined using the adjusted employment estimates of Table 2. It was assumed that all employment in agriculture is basic to the area. It is normally also assumed that all mining and manufacturing are basic. These assumptions were altered slightly to ...
... The basic and non-basic levels of employment were determined using the adjusted employment estimates of Table 2. It was assumed that all employment in agriculture is basic to the area. It is normally also assumed that all mining and manufacturing are basic. These assumptions were altered slightly to ...
Practice Midterm 1 Answers - The University of Chicago Booth
... etc.). If r is fixed, MPK will remain constant. How does this happen? As A goes up, MPK goes up. Firms respond by investing more today (lowering MPK by increasing the capital stock). This is the key assumption of the firm’s problem – they maximize profits such that the marginal ...
... etc.). If r is fixed, MPK will remain constant. How does this happen? As A goes up, MPK goes up. Firms respond by investing more today (lowering MPK by increasing the capital stock). This is the key assumption of the firm’s problem – they maximize profits such that the marginal ...
Ito Technical Working Paper No. 1
... period and consumers may not borrow against them; or (ii) the government has levied a 100% profits tax (for a discussion and examples of these facilitating assumptions, see Malinvaud [1977], B6hm [1978], ...
... period and consumers may not borrow against them; or (ii) the government has levied a 100% profits tax (for a discussion and examples of these facilitating assumptions, see Malinvaud [1977], B6hm [1978], ...
Business Analysis - NAWIC South Central Region
... most nations declined. Since that time, control has been increasing. No economy, not even that of early 19th century Great Britain, reached what is known as pure "laissez faire" capitalism, an economic condition in which the government makes no attempt to control business. Under this condition, the ...
... most nations declined. Since that time, control has been increasing. No economy, not even that of early 19th century Great Britain, reached what is known as pure "laissez faire" capitalism, an economic condition in which the government makes no attempt to control business. Under this condition, the ...
Ending Poverty in America: The First Step
... Furthermore, they often fail to take into consideration the limited range of choices open to the poor. Their choice selection set is quite different from the middle class and the affluent. Like all other social phenomena, the explanation of poverty must start with a view of society as a process, thu ...
... Furthermore, they often fail to take into consideration the limited range of choices open to the poor. Their choice selection set is quite different from the middle class and the affluent. Like all other social phenomena, the explanation of poverty must start with a view of society as a process, thu ...
AM II Basic Macroeconomic Model
... concentrates on the behavior of the macroeconomic variables within a time horizon of a few years. focuses on mechanisms that determine how fully an economy uses its productive capacity and are typically demand dominated. shifts in aggregate demand tend to be accommodated by changes in the prod ...
... concentrates on the behavior of the macroeconomic variables within a time horizon of a few years. focuses on mechanisms that determine how fully an economy uses its productive capacity and are typically demand dominated. shifts in aggregate demand tend to be accommodated by changes in the prod ...
Ending Poverty in America: The First Step
... Furthermore, they often fail to take into consideration the limited range of choices open to the poor. Their choice selection set is quite different from the middle class and the affluent. Like all other social phenomena, the explanation of poverty must start with a view of society as a process, thu ...
... Furthermore, they often fail to take into consideration the limited range of choices open to the poor. Their choice selection set is quite different from the middle class and the affluent. Like all other social phenomena, the explanation of poverty must start with a view of society as a process, thu ...