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 ...
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 ...
Long Term Economic Growth in Oil-Rich Saudi Arabia: What is the
... As a depletable resource, oil is a useful source of economic growth, but may not be relied upon for long-term sustainable development. Diversification from oil is needed to achieve this. This paper examines the most important non-oil determinants of growth in the Saudi economy between 1970 and 2011, ...
... As a depletable resource, oil is a useful source of economic growth, but may not be relied upon for long-term sustainable development. Diversification from oil is needed to achieve this. This paper examines the most important non-oil determinants of growth in the Saudi economy between 1970 and 2011, ...
What is the Wealth of a Nation?
... we celebrate, as do so many business journalists, achievements not necessarily worth celebrating, and lest we base our decisions as future policy makers upon distorted signals regarding wealth. Second, the economist’s definition of "wealth" is entirely forward-looking: the wealth we believe to posse ...
... we celebrate, as do so many business journalists, achievements not necessarily worth celebrating, and lest we base our decisions as future policy makers upon distorted signals regarding wealth. Second, the economist’s definition of "wealth" is entirely forward-looking: the wealth we believe to posse ...
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... between 20 and 64 into nine age groups; j 2 f0; :::; 8g. The size of the working age population is denoted by Nt . The measure of earnings is the hourly wage rate, denoted by ej ; j 2 f0; :::; 8g. The average wage rate for the working population, e, is $17.24 per hour. This average rate for the work ...
... between 20 and 64 into nine age groups; j 2 f0; :::; 8g. The size of the working age population is denoted by Nt . The measure of earnings is the hourly wage rate, denoted by ej ; j 2 f0; :::; 8g. The average wage rate for the working population, e, is $17.24 per hour. This average rate for the work ...
Conspicuous Consumption as Routine Expenditures
... position of the various social classes with respect to their place in the social provisioning process and “working class consciousness” is subsumed. Workers live within working class households, and see themselves as being unified or categorized by patterns of consumption, occupations, and social a ...
... position of the various social classes with respect to their place in the social provisioning process and “working class consciousness” is subsumed. Workers live within working class households, and see themselves as being unified or categorized by patterns of consumption, occupations, and social a ...
Does Neoclassical Theory Account for the Effects of Big Fiscal
... military equipment and structures. The source of the capital stock data is U.S. Department of Commerce (1987, Tables A6, A9, A15, A17, and A19). The labor input in the calculation of TFP is nonmilitary manhours reported in Kendrick (1961, Table A-X). We detrend TFP at its average growth rate of 1.2 ...
... military equipment and structures. The source of the capital stock data is U.S. Department of Commerce (1987, Tables A6, A9, A15, A17, and A19). The labor input in the calculation of TFP is nonmilitary manhours reported in Kendrick (1961, Table A-X). We detrend TFP at its average growth rate of 1.2 ...
Social Capital, Investment and Economic Growth: Evidence for Spanish Provinces Jesús Peiró-Palomino
... Subsequently, the economic growth literature has considered a large set of possible explanatory variables of a different nature, such as human capital or regional, political, religious and social variables. Among the most important contributions subsequent to Solow’s work, we find those which found ...
... Subsequently, the economic growth literature has considered a large set of possible explanatory variables of a different nature, such as human capital or regional, political, religious and social variables. Among the most important contributions subsequent to Solow’s work, we find those which found ...
Wage-led versus profit-led demand regimes:
... Mott, Özlem Onaran, Mark Setterfield, Engelbert Stockhammer, Rudi von Arnim, and participants in the Research Network Macroeconomics and Macroeconomic Policies (FMM) conference, Berlin, Germany, October 30 – November 1, 2014, for comments on an earlier draft. The usual caveats apply. ...
... Mott, Özlem Onaran, Mark Setterfield, Engelbert Stockhammer, Rudi von Arnim, and participants in the Research Network Macroeconomics and Macroeconomic Policies (FMM) conference, Berlin, Germany, October 30 – November 1, 2014, for comments on an earlier draft. The usual caveats apply. ...
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... placed on the Asian region, which remains the driareas of the economy. Furthermore, experts fear that ving engine of global economic recovery. Greece’s debt problems could spread to other euro area countries. In the euro area in general, public deficits rank as the economic problem number one. Weste ...
... placed on the Asian region, which remains the driareas of the economy. Furthermore, experts fear that ving engine of global economic recovery. Greece’s debt problems could spread to other euro area countries. In the euro area in general, public deficits rank as the economic problem number one. Weste ...
Franco Modigliani
... from LCH primarily in that it models rational consumption and saving decisions under the “simplifying” assumption that life is indefinitely long. Accordingly, the notion of life resources is replaced by that of “permanent income”, while the discrepancy between current and permanent income is labeled ...
... from LCH primarily in that it models rational consumption and saving decisions under the “simplifying” assumption that life is indefinitely long. Accordingly, the notion of life resources is replaced by that of “permanent income”, while the discrepancy between current and permanent income is labeled ...
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Nova Layout [7x10]
... structural changes as well as macroeconomic policies. Due to the importance of fiscal policy as a redistributive tool and as an instrument to promote economic growth (Musgrave, 1959), it is considered one of the key mechanisms to achieve goals in terms of efficiency and equity. In general, it is pos ...
... structural changes as well as macroeconomic policies. Due to the importance of fiscal policy as a redistributive tool and as an instrument to promote economic growth (Musgrave, 1959), it is considered one of the key mechanisms to achieve goals in terms of efficiency and equity. In general, it is pos ...
Paper - Langer Research Associates
... results from the CCI distinguish among groups that would be expected to differ in their economic views. Specifically, we examined the long-term averages of the CCI among various demographic groups, with the expectation that consumer confidence would be higher among more affluent groups and lower amo ...
... results from the CCI distinguish among groups that would be expected to differ in their economic views. Specifically, we examined the long-term averages of the CCI among various demographic groups, with the expectation that consumer confidence would be higher among more affluent groups and lower amo ...
Economics of Natural Disasters: A Critical Review
... this type of decision making model for emergency response, the concept of uncertainty and risk is further discussed in the following section. ...
... this type of decision making model for emergency response, the concept of uncertainty and risk is further discussed in the following section. ...
Facts and Challenges from the Great Recession for Forecasting and
... role of financial markets in recent business cycles can no longer be seen as passive. Though the recessions of 1990-1991 and 2001 were mild and brief, they had financial origins, with roots in the savings-and-loan crisis and the internet bubble, respectively. These two recessions did not lead to ser ...
... role of financial markets in recent business cycles can no longer be seen as passive. Though the recessions of 1990-1991 and 2001 were mild and brief, they had financial origins, with roots in the savings-and-loan crisis and the internet bubble, respectively. These two recessions did not lead to ser ...
The Macroeconomics of Job
... investment, lower taxes, and a low fiscal deficit) may reduce long run national income and economic capacity if the economy is in a low social infrastructure investment trap. The conventional trade-off between equity and growth disappears, and increases in social infrastructure investment and a rela ...
... investment, lower taxes, and a low fiscal deficit) may reduce long run national income and economic capacity if the economy is in a low social infrastructure investment trap. The conventional trade-off between equity and growth disappears, and increases in social infrastructure investment and a rela ...
NBER WORKING PAPER SERIES LABOR SUPPLY AND AGGREGATE FLUCTUATIONS Robert E. Hall
... Within a formal model, the common-sense view--that people work more when there is more work to do--requires that aggregate supply be reasonably elastic with respect to the relative wage and that aggregate demand be reasonably inelastic. ...
... Within a formal model, the common-sense view--that people work more when there is more work to do--requires that aggregate supply be reasonably elastic with respect to the relative wage and that aggregate demand be reasonably inelastic. ...
Accounting for asymmetric growth effect of capital flows in a model
... demand function for domestic and imported foreign consumer goods takes the form ...
... demand function for domestic and imported foreign consumer goods takes the form ...
Civil war and post conflict reconstruction in Africa
... (Skidmore, 1997). In Africa, Ngaruko and Nkurunziza (2000), Azam (2001), Addison (2005) and Ndikumana (2005) argue that political violence is often the consequence of selfish behavior of those controlling political power and their associates. They accumulate the country's wealth for personal gain at ...
... (Skidmore, 1997). In Africa, Ngaruko and Nkurunziza (2000), Azam (2001), Addison (2005) and Ndikumana (2005) argue that political violence is often the consequence of selfish behavior of those controlling political power and their associates. They accumulate the country's wealth for personal gain at ...
LECTURER - African Development Bank
... employment creation, export growth, increase in government revenues and foreign exchange earnings b)broader dynamic economic benefits include skills upgrading, technology transfer, economic diversification and innovation productivity enhancement of local firms, Zheng (2015:3) . ...
... employment creation, export growth, increase in government revenues and foreign exchange earnings b)broader dynamic economic benefits include skills upgrading, technology transfer, economic diversification and innovation productivity enhancement of local firms, Zheng (2015:3) . ...
Automatic stabilizers, fiscal rules and
... economy is hit by supply shocks (Clarida, Galí and Gertler, 1999). In this paper we focus on a potential determinant of that policy trade-o¤ that has received scant attention so far: distortionary taxes. Textbook macroeconomics tells us that, under a continuous balanced budget, automatic stabilizers ...
... economy is hit by supply shocks (Clarida, Galí and Gertler, 1999). In this paper we focus on a potential determinant of that policy trade-o¤ that has received scant attention so far: distortionary taxes. Textbook macroeconomics tells us that, under a continuous balanced budget, automatic stabilizers ...
Ups and Downs - Semantic Scholar
... giving up valuable leisure time. For a business entity that must hire workers to carry out its operations, real wages constitute part of the firm’s real production costs. The way in which real ...
... giving up valuable leisure time. For a business entity that must hire workers to carry out its operations, real wages constitute part of the firm’s real production costs. The way in which real ...
Convergence?: Inferences from Theoretical Models
... The introduction of heterogeneous agents into growth models provides a channel through which income distribution a ects economic growth. A large number of theoretical studies have documented the importance of initial conditions with respect to the distribution of income for the evolution of economie ...
... The introduction of heterogeneous agents into growth models provides a channel through which income distribution a ects economic growth. A large number of theoretical studies have documented the importance of initial conditions with respect to the distribution of income for the evolution of economie ...
Mankiw 6e PowerPoints
... Labor’s share in U.S. GDP is approximately 67%. These shares are roughly constant over long periods of time: fits the Cobb-Douglas Specification. ...
... Labor’s share in U.S. GDP is approximately 67%. These shares are roughly constant over long periods of time: fits the Cobb-Douglas Specification. ...
Labor Market and Unemployment
... state welfare payments – Fall in revenue from income tax and taxes on consumer spending – Fall in profits – reduction in revenue from corporation tax – May lead to sharp rise in government borrowing (i.e. a budget deficit) Consequences for the Economy as a whole – Lost output (real GDP) from people ...
... state welfare payments – Fall in revenue from income tax and taxes on consumer spending – Fall in profits – reduction in revenue from corporation tax – May lead to sharp rise in government borrowing (i.e. a budget deficit) Consequences for the Economy as a whole – Lost output (real GDP) from people ...