The Industrialization and Economic Development of Russia through
... the rates of changes of the distortions arefunctions of directly measurable economic aggregates and either do not depend on parameters of the model at all, or depend only on a small number of parameters. This implies that our broad conclusions are robust to a wide range of model specifications. We ...
... the rates of changes of the distortions arefunctions of directly measurable economic aggregates and either do not depend on parameters of the model at all, or depend only on a small number of parameters. This implies that our broad conclusions are robust to a wide range of model specifications. We ...
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... economic situation were also given by the surveyed experts in China, where business sentiments are expected to stabilize further in the coming six months. China’s economy is very open to the rest of the world, in terms of trade and foreign direct investment. However, it is worth pointing out that ov ...
... economic situation were also given by the surveyed experts in China, where business sentiments are expected to stabilize further in the coming six months. China’s economy is very open to the rest of the world, in terms of trade and foreign direct investment. However, it is worth pointing out that ov ...
Cobb-Douglas Production Function
... The empirical evidence is not fully consistent with this proposition. labor shares do differ across countries and develop in time. Harrison (2002) shows that labor shares of countries in a panel based on United Nations data are rather volatile over time. Blanchard (1997) finds a declining labor shar ...
... The empirical evidence is not fully consistent with this proposition. labor shares do differ across countries and develop in time. Harrison (2002) shows that labor shares of countries in a panel based on United Nations data are rather volatile over time. Blanchard (1997) finds a declining labor shar ...
Human capital and its measurement
... The success depends in large part on the people with higher level of competence. In response, the people are becoming valuable assets. In the economic perspective, the capital refers to factors of production used to create goods or services The human is the subject to take charge of all econom ...
... The success depends in large part on the people with higher level of competence. In response, the people are becoming valuable assets. In the economic perspective, the capital refers to factors of production used to create goods or services The human is the subject to take charge of all econom ...
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... three years. The assessments of the present economic situation have been steadily improving and reached an eight-year high in the January poll. The economic expectations indicate further economic stabilization in 2006. Argentina began its upturn in 2003, following a 1999-2002 recession, posting grow ...
... three years. The assessments of the present economic situation have been steadily improving and reached an eight-year high in the January poll. The economic expectations indicate further economic stabilization in 2006. Argentina began its upturn in 2003, following a 1999-2002 recession, posting grow ...
The Distributional Consequences of Government Spending Santanu
... society. This paper develops a model in which public capital is both an engine of growth and a determinant of the distributions of wealth, income, and welfare. Government spending increases wealth inequality over time, regardless of how it is financed. The time paths of both pre- and post-tax income ...
... society. This paper develops a model in which public capital is both an engine of growth and a determinant of the distributions of wealth, income, and welfare. Government spending increases wealth inequality over time, regardless of how it is financed. The time paths of both pre- and post-tax income ...
Topic 2.1.3 Employment and unemployment student version
... who have looked for work in the last month and are able to start work in the next two weeks. In the UK it is collected by the Labour Force Survey. On average the Iabour force survey exceeds the claimant count by about 800,000 since it includes people available for work who may not claim benefits. It ...
... who have looked for work in the last month and are able to start work in the next two weeks. In the UK it is collected by the Labour Force Survey. On average the Iabour force survey exceeds the claimant count by about 800,000 since it includes people available for work who may not claim benefits. It ...
Factor shares: the principal problem of political economy?
... In each case, I explore some of the implications and point to ways in which the analysis could be taken forward in a twenty-first-century treatment of the classical problem of political economy. It should be emphasized that the paper is intended only to be exploratory; it suggests avenues for future ...
... In each case, I explore some of the implications and point to ways in which the analysis could be taken forward in a twenty-first-century treatment of the classical problem of political economy. It should be emphasized that the paper is intended only to be exploratory; it suggests avenues for future ...
Housework and fiscal expansions
... consumption activities: a meal purchased and consumed at a cafeteria can be less time intensive than a home-produced meal. If households substitute towards market goods and work longer hours on the market when the opportunity cost of time is high, their expenditure on consumption goods increases in ...
... consumption activities: a meal purchased and consumed at a cafeteria can be less time intensive than a home-produced meal. If households substitute towards market goods and work longer hours on the market when the opportunity cost of time is high, their expenditure on consumption goods increases in ...
The Labor Productivity Puzzle - Federal Reserve Bank of Minneapolis
... Intangible capital is accumulated know-how from investing in research and development, brands, and organizations, which is for the most part expensed by companies rather than capitalized. Because it is expensed, it is not included in measures of business value added and thus is not included in GDP. ...
... Intangible capital is accumulated know-how from investing in research and development, brands, and organizations, which is for the most part expensed by companies rather than capitalized. Because it is expensed, it is not included in measures of business value added and thus is not included in GDP. ...
An Empirical Analysis of the Contribution of Mining Sector to
... sustainable basis, access to education and basic healthcare for the majority of the population (Belshaw and Livingstone, 2003). The meaning of the term „development‟ becomes clearer with the understanding of the term „economic growth‟. Economic growth means the increase overtime in country‟s real ou ...
... sustainable basis, access to education and basic healthcare for the majority of the population (Belshaw and Livingstone, 2003). The meaning of the term „development‟ becomes clearer with the understanding of the term „economic growth‟. Economic growth means the increase overtime in country‟s real ou ...
Growth Convergence and Regional Disparity
... This paper allows the possibilities of different production functions for different regions. Such differences come from the observed differences in the factor shares of income. In steady states, a region with a higher capital share would have a higher per capita output. Thus, the output differences ...
... This paper allows the possibilities of different production functions for different regions. Such differences come from the observed differences in the factor shares of income. In steady states, a region with a higher capital share would have a higher per capita output. Thus, the output differences ...
Empowering Workers: The Privatization Of Social
... trend toward decreasing fertility rates; and, (2) medical advances that are lengthening life. As a result, fewer and fewer workers are supporting more and more retirees. Since the raising of both the retirement age and payroll taxes has an upper limit, sooner or later the system has to reduce the pr ...
... trend toward decreasing fertility rates; and, (2) medical advances that are lengthening life. As a result, fewer and fewer workers are supporting more and more retirees. Since the raising of both the retirement age and payroll taxes has an upper limit, sooner or later the system has to reduce the pr ...
UNEMPLOYMENT VS. MISMATCH OF TALENTS
... ®nancing the system into account, workers may support some degree of bene®ts provision, since it both enhances the allocation of talents and strengthen the bargaining power of all workers by increasing the value of their outside option. We explore this possibility and, with it, the potential politic ...
... ®nancing the system into account, workers may support some degree of bene®ts provision, since it both enhances the allocation of talents and strengthen the bargaining power of all workers by increasing the value of their outside option. We explore this possibility and, with it, the potential politic ...
PUBLIC PRIVATE PARTNERSHIP Department of Economic Planning and Development
... To provide a systematic approach for implementation, it is proposed for the PPP process to be integrated to the NDP. Proposals which have been submitted to DEPD for consideration to be developed through NDP would first need to be assessed on whether it would be more value to be ...
... To provide a systematic approach for implementation, it is proposed for the PPP process to be integrated to the NDP. Proposals which have been submitted to DEPD for consideration to be developed through NDP would first need to be assessed on whether it would be more value to be ...
The Effects of Labour Market Reforms upon
... should be fostering productivity and the output growth by tackling such bottlenecks. More precisely, a “Jobs Strategy” was proposed with ten recommendations, wherein three of them were explicitly directed at making wage and labour cost more flexible: (i) removing restrictions that prevent wages to b ...
... should be fostering productivity and the output growth by tackling such bottlenecks. More precisely, a “Jobs Strategy” was proposed with ten recommendations, wherein three of them were explicitly directed at making wage and labour cost more flexible: (i) removing restrictions that prevent wages to b ...
Unemployment
... phenomenon. It changes as individuals' tastes and preferences change and buyers switch from one product to another, the demand for labor to produce some goods increases, while the demand for labor to produce other goods falls. Second, as technology changes, and capital becomes relatively more produc ...
... phenomenon. It changes as individuals' tastes and preferences change and buyers switch from one product to another, the demand for labor to produce some goods increases, while the demand for labor to produce other goods falls. Second, as technology changes, and capital becomes relatively more produc ...
ECONOMIC OUTLOOK
... back to 9.6 percent. Our assumption is that private households will initially save part of the real growth in purchasing power delivered this year by factors such as low inflation and additional state transfer payments. They will not spend it on consumer items until next year, when real disposable i ...
... back to 9.6 percent. Our assumption is that private households will initially save part of the real growth in purchasing power delivered this year by factors such as low inflation and additional state transfer payments. They will not spend it on consumer items until next year, when real disposable i ...
NBER WORKING PAPER SERIES RECENT DEVELOPMENTS IN MACROECONOMICS Working Paper No. 2473
... average real interest rates have a strong negative correlation with inflation, and argued that this implied that ex ante rates are also negatively related to anticipated inflation.4 Changes in the real interest rate in the United States in the first half of the 1980's were in the direction implied b ...
... average real interest rates have a strong negative correlation with inflation, and argued that this implied that ex ante rates are also negatively related to anticipated inflation.4 Changes in the real interest rate in the United States in the first half of the 1980's were in the direction implied b ...
Higher Economics Course Assessment Specification
... The purpose of the Course assessment is to assess added value of the Course as well as confirming attainment in the Course and providing a grade. The added value for the Course will address the key purposes and aims of the Course, as defined in the Course rationale. It will do this by addressing one ...
... The purpose of the Course assessment is to assess added value of the Course as well as confirming attainment in the Course and providing a grade. The added value for the Course will address the key purposes and aims of the Course, as defined in the Course rationale. It will do this by addressing one ...
Working Paper No. 408 - Levy Economics Institute of Bard College
... from the literature in the late 1980s. Indeed, despite the significant revival of the SFCA in the last few years3, SFC practitioners are still a minority even among Post-Keynesians. Yet, we argue, the SFCA can be seen as a natural “outcome” of the path taken by Keynesian macroeconomic thought in the ...
... from the literature in the late 1980s. Indeed, despite the significant revival of the SFCA in the last few years3, SFC practitioners are still a minority even among Post-Keynesians. Yet, we argue, the SFCA can be seen as a natural “outcome” of the path taken by Keynesian macroeconomic thought in the ...
The Troika Process: Economic Models and
... the T-2 level, the Troika meets regularly to formulate policy recommendations and review the Administration’s economic agenda on a variety of issues. General macroeconomic policy issues are typically at the forefront, but the Troika also has been involved in other issues, including health care refor ...
... the T-2 level, the Troika meets regularly to formulate policy recommendations and review the Administration’s economic agenda on a variety of issues. General macroeconomic policy issues are typically at the forefront, but the Troika also has been involved in other issues, including health care refor ...
chapter 28 - W.W. Norton
... on the number of hours that people work. The framework also sheds light on two theoretical concepts of fundamental importance: the income and substitution effects. Nevertheless, despite its strengths, the approach suffers from several weaknesses. From the perspective of this chapter, an especially p ...
... on the number of hours that people work. The framework also sheds light on two theoretical concepts of fundamental importance: the income and substitution effects. Nevertheless, despite its strengths, the approach suffers from several weaknesses. From the perspective of this chapter, an especially p ...
The Political Economy of National Statistics - Name
... terms in financial contracts, and so on. Governments implement important public policy agendas informed by their ambitions for GDP growth rates as compared with the past or compared with other countries.11 Policies in many domains are appraised and evaluated in terms of their contribution to GDP gr ...
... terms in financial contracts, and so on. Governments implement important public policy agendas informed by their ambitions for GDP growth rates as compared with the past or compared with other countries.11 Policies in many domains are appraised and evaluated in terms of their contribution to GDP gr ...