NBER WORKING PAPER SERIES VOICE AND GROWTH: WAS CHURCHILL RIGHT?
... effect on economic growth, within the confines of the chosen models and data sets.15 How wide is the audience that will accept this narrow result as the answer to their curiosity about the economic implications of “democracy,” a concept that has always meant governance by all adults?16 One can broad ...
... effect on economic growth, within the confines of the chosen models and data sets.15 How wide is the audience that will accept this narrow result as the answer to their curiosity about the economic implications of “democracy,” a concept that has always meant governance by all adults?16 One can broad ...
Financial Development, Economic Growth and Collateral Effect of Capital Account Liberalization
... achieve the higher investment, such as not all the foreign capital inflows are transformed into consumption instead of saving, and the investment financed by the foreign capital might not crowd out the domestic investment. The second benefit carried by capital account liberalization is to lead inves ...
... achieve the higher investment, such as not all the foreign capital inflows are transformed into consumption instead of saving, and the investment financed by the foreign capital might not crowd out the domestic investment. The second benefit carried by capital account liberalization is to lead inves ...
es09 Ragot 11171426 en
... nature, a limited impact on human wealth. Then, ‘permanent-income’ behaviour implies that the representative agent should change consumption only by a small amount, with the cyclical variation in income being absorbed by large and procyclical variations in aggregate saving. This pattern is not that ...
... nature, a limited impact on human wealth. Then, ‘permanent-income’ behaviour implies that the representative agent should change consumption only by a small amount, with the cyclical variation in income being absorbed by large and procyclical variations in aggregate saving. This pattern is not that ...
McKinnon`s Complementarity Hypothesis: Empirical Evidence for the
... In 1973, R. I. McKinnon and E. S. Shaw are argued that the repressed financial markets (low and administered interest rates, domestic credit controls, high reserve requirements and concessional credit practices) discourages savings, retards the efficient allocation resources, increases the segmentat ...
... In 1973, R. I. McKinnon and E. S. Shaw are argued that the repressed financial markets (low and administered interest rates, domestic credit controls, high reserve requirements and concessional credit practices) discourages savings, retards the efficient allocation resources, increases the segmentat ...
The Benefits of Economic Freedom: A Survey
... growth? A new line of research on economic freedom answers as Adam Smith did long ago. “Economic freedom” means the degree to which a market economy is in place, where the central components are voluntary exchange, free competition, and protection of persons and property (Gwartney and Lawson 2002, 5 ...
... growth? A new line of research on economic freedom answers as Adam Smith did long ago. “Economic freedom” means the degree to which a market economy is in place, where the central components are voluntary exchange, free competition, and protection of persons and property (Gwartney and Lawson 2002, 5 ...
marx`s economic theory and contemporary capitalism
... increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously supported by the empirical evidence of actual conflict over the length of the working day t ...
... increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously supported by the empirical evidence of actual conflict over the length of the working day t ...
III A Paucity of Firm-Specific Information in Emerging Stock Markets
... This story illustrates how a functioning equity market in the US works. When stock prices incorporate firm-specific information, the market can distinguish good firms from bad. The direct effect of this is that the market can channel financing towards good firms and away from problem firms. The ind ...
... This story illustrates how a functioning equity market in the US works. When stock prices incorporate firm-specific information, the market can distinguish good firms from bad. The direct effect of this is that the market can channel financing towards good firms and away from problem firms. The ind ...
The characteristics of a monetary economy: a Keynes
... a real-exchange economy and a monetary economy. He uses the first term to denote an economy in which money is just an instrument that makes it possible to reduce the costs of the exchange; the use of money does not change the structure of the economic system with respect to a barter economy. Like Ke ...
... a real-exchange economy and a monetary economy. He uses the first term to denote an economy in which money is just an instrument that makes it possible to reduce the costs of the exchange; the use of money does not change the structure of the economic system with respect to a barter economy. Like Ke ...
A disaggregated approach to the government spending shocks: an
... between government spending and consumption. Nevertheless, this analysis has been criticized as relying on a large percentage of rule of thumb households. For example, Coenen and Straub (2005) conclude that the estimated share of the nonRicardian households in the euro area is not sufficiently larg ...
... between government spending and consumption. Nevertheless, this analysis has been criticized as relying on a large percentage of rule of thumb households. For example, Coenen and Straub (2005) conclude that the estimated share of the nonRicardian households in the euro area is not sufficiently larg ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: NBER Macroeconomics Annual 1986, Volume 1
... may not always be enough to create full employment with price stability. In a capitalist economy, most decisions about employment, output, and prices are made by private firms. Of course such decisions are profoundly influenced by government macroeconomic policies, yet the purposeful manipulation of ...
... may not always be enough to create full employment with price stability. In a capitalist economy, most decisions about employment, output, and prices are made by private firms. Of course such decisions are profoundly influenced by government macroeconomic policies, yet the purposeful manipulation of ...
Gross Domestic Product How Is The GDP Calculated?
... arrive at a number that includes depreciation, a gross measure. •A component of aggregate factor incomes is the net profit of business. So when we total all the factor incomes, we arrive at a number that excludes depreciation, a net measure. ...
... arrive at a number that includes depreciation, a gross measure. •A component of aggregate factor incomes is the net profit of business. So when we total all the factor incomes, we arrive at a number that excludes depreciation, a net measure. ...
STI and Poverty Reduction in the Least Developed Countries
... CRISIS WHICH IS DEEPENING • With population growth, agricultural farm sizes are declining and farms are more located on marginal land. • Mass poverty means that many cannot afford the means for sustainable intensification of agricultural production. • More and more people are seeking work outside ag ...
... CRISIS WHICH IS DEEPENING • With population growth, agricultural farm sizes are declining and farms are more located on marginal land. • Mass poverty means that many cannot afford the means for sustainable intensification of agricultural production. • More and more people are seeking work outside ag ...
Chapter 10: The Circular Flow Model
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
PDF
... based upon data of a reasonable quality, can indeed quantify indirect effects on national/local GDP of extreme events with high levels of accuracy and scarce uncertainty in the assessment procedure (Przyluski and Hallegatte, 2011). However they cannot describe the systemic economic channels through ...
... based upon data of a reasonable quality, can indeed quantify indirect effects on national/local GDP of extreme events with high levels of accuracy and scarce uncertainty in the assessment procedure (Przyluski and Hallegatte, 2011). However they cannot describe the systemic economic channels through ...
Word
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
Paul Collier The political economy of Natural resources
... international warfare. Security was manifestly in the interest of the elite, but since invasion was also disastrous for the general population, it was relatively easy for people to cohere around a nationalist agenda. However, decolonization occurred following the most appalling international war in ...
... international warfare. Security was manifestly in the interest of the elite, but since invasion was also disastrous for the general population, it was relatively easy for people to cohere around a nationalist agenda. However, decolonization occurred following the most appalling international war in ...
Facts and Challenges from the Great Recession for Forecasting and
... States was more stable than at any point in prior history, with only two mild and short recessions. Overall, the post–World War II recessions lasted for a bit less than one year, on average, while the post–World War II expansions averaged just short of five years. The average duration of the eleven ...
... States was more stable than at any point in prior history, with only two mild and short recessions. Overall, the post–World War II recessions lasted for a bit less than one year, on average, while the post–World War II expansions averaged just short of five years. The average duration of the eleven ...
Rethinking the World War II Economy: The Welfare Effects
... survival. William O'Neill in his book A Democracy at War describes American Soldiers: Nearly all accepted that having been attacked the United States must defend itself and that they owed the nation a duty. However, for most, winning the war was not the primary goal but rather a means to their real ...
... survival. William O'Neill in his book A Democracy at War describes American Soldiers: Nearly all accepted that having been attacked the United States must defend itself and that they owed the nation a duty. However, for most, winning the war was not the primary goal but rather a means to their real ...
1 Objectives for Chapter 10 The Circular Flow Model At the end of
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
... the details of the various aspects of our economy and see how they interconnect, we can understand why the economic problems of slow economic growth, unemployment, or inflation might result. We can also understand how these problems might be solved. We will build the basic circular flow model step b ...
ECONOMICS • ECON
... 7130 Public Finan ce Theo ry (3) Foundations of welfare economics for evaluating efficiency and equity of taxation and public spending policies; incidence and optimality of taxation. 7135 Advanced Top ics in Publ ic Fin ance (3) May be taken for a max. of 6 hrs. of credit when topics vary. Special ...
... 7130 Public Finan ce Theo ry (3) Foundations of welfare economics for evaluating efficiency and equity of taxation and public spending policies; incidence and optimality of taxation. 7135 Advanced Top ics in Publ ic Fin ance (3) May be taken for a max. of 6 hrs. of credit when topics vary. Special ...
Economics: Explore and Apply 1/e by Ayers and Collinge Chapter
... importance of new ideas in generating economic growth, and intellectual property rights in providing the profit incentive to generate those ideas. ©2004 Prentice Hall Publishing ...
... importance of new ideas in generating economic growth, and intellectual property rights in providing the profit incentive to generate those ideas. ©2004 Prentice Hall Publishing ...
Rudiger von Arnim Daniele Tavani Laura Barbosa de Carvalho
... The literature usually focuses on small open economy (SOE) settings where income effects on the demand for exports are neglected (Krugman and Taylor, 1978; Blecker, 1989).2 Our starting point is that demand tends to be profit–led with trade, even if domestic demand—consumption vs. investment—is wage ...
... The literature usually focuses on small open economy (SOE) settings where income effects on the demand for exports are neglected (Krugman and Taylor, 1978; Blecker, 1989).2 Our starting point is that demand tends to be profit–led with trade, even if domestic demand—consumption vs. investment—is wage ...
July 2014 CURRICULUM VITAE Personal Data:
... International Journal of Banking, Accounting and Finance International Journal of Business and Economics International Journal of Emerging Markets International Journal of Strategic Property Management International Regional Science Review International Review of Applied Economics International Revi ...
... International Journal of Banking, Accounting and Finance International Journal of Business and Economics International Journal of Emerging Markets International Journal of Strategic Property Management International Regional Science Review International Review of Applied Economics International Revi ...
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... quarter of 2012 after two successive decreases, but nevertheless remains significantly below its long-term average. Appraisals of the current economic situation continued to deteriorate. The only positive trend was seen in the sixmonth outlook, which brightened somewhat compared to the fourth quarte ...
... quarter of 2012 after two successive decreases, but nevertheless remains significantly below its long-term average. Appraisals of the current economic situation continued to deteriorate. The only positive trend was seen in the sixmonth outlook, which brightened somewhat compared to the fourth quarte ...
FRBSF E L CONOMIC ETTER
... of multifactor productivity (MFP) for the nonfarm business sector, which “… measures the changes in output per unit of combined inputs.” Like most other such constructs, this measure illustrates that productivity grew rapidly in the 1960s, then slowed from the 1970s to the mid-1990s, and then grew r ...
... of multifactor productivity (MFP) for the nonfarm business sector, which “… measures the changes in output per unit of combined inputs.” Like most other such constructs, this measure illustrates that productivity grew rapidly in the 1960s, then slowed from the 1970s to the mid-1990s, and then grew r ...