Macroeconomics 1 Ch VII. Investment and Growth Theories Chapter
... firm over its replacement cost: The market price incorporates the market’s expectations as to the prospect of future business returns to the firm, while the replacement cost is simply the present market price of capital required to set up the firm. The market value can be easily approximated by the ...
... firm over its replacement cost: The market price incorporates the market’s expectations as to the prospect of future business returns to the firm, while the replacement cost is simply the present market price of capital required to set up the firm. The market value can be easily approximated by the ...
- Economic Growth and Distribution:On the
... even if successful at raising the marginal propensity to save (which should not be taken for granted), would fail since, according to Keynes-Sraffa’s criticism, it does not follow that the larger potential saving supply is necessarily translated into an increased amount of investment (more precisely ...
... even if successful at raising the marginal propensity to save (which should not be taken for granted), would fail since, according to Keynes-Sraffa’s criticism, it does not follow that the larger potential saving supply is necessarily translated into an increased amount of investment (more precisely ...
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... capital stock or equity shares, (2) the fundamental question is what is the nature of the macroeconomic equilibrium in such a system. There is a tradition in economic theory which analyzes macroeconomic behavior in models where, unlike most macroeconomic analysis, there are no debt instruments and t ...
... capital stock or equity shares, (2) the fundamental question is what is the nature of the macroeconomic equilibrium in such a system. There is a tradition in economic theory which analyzes macroeconomic behavior in models where, unlike most macroeconomic analysis, there are no debt instruments and t ...
Chapter 21
... Sources of Unemployment People who become unemployed are • Job losers—people who are laid off from their jobs • Job leavers—people who voluntarily quit their jobs • Entrants and reentrants—people who have just left school or who are now looking for a job after a period out of the labor force. ...
... Sources of Unemployment People who become unemployed are • Job losers—people who are laid off from their jobs • Job leavers—people who voluntarily quit their jobs • Entrants and reentrants—people who have just left school or who are now looking for a job after a period out of the labor force. ...
János Kornai`s Comparative Theory and Defense of Capitalism
... labor “and ignore the financial sector” (money, credit, monetary policy), but adds that (in view of limits of energy and time) he has chosen to do it in a limited essay (pp. 55-56). Most of the book is thus centered on the real sphere, the “supply-demand regime”, it abstracts from money and finance. ...
... labor “and ignore the financial sector” (money, credit, monetary policy), but adds that (in view of limits of energy and time) he has chosen to do it in a limited essay (pp. 55-56). Most of the book is thus centered on the real sphere, the “supply-demand regime”, it abstracts from money and finance. ...
Janusz J. Tomidajewicz: Privatization issues in Central Europen
... dominating state enterprises, by private enterprises as dominating organizations in the market. Under the influence of the small and average enterprises and different international institutions in the practice of the economic policy they assumed that increasing the scope of the private sector in the ...
... dominating state enterprises, by private enterprises as dominating organizations in the market. Under the influence of the small and average enterprises and different international institutions in the practice of the economic policy they assumed that increasing the scope of the private sector in the ...
Economics Exit Exam Preparation
... this is possible depends on the elasticities of demand and supply. Generally, the more elastic (inelastic) demand is, the more difficult (easier) it is for the firm to pass the tax burden to the consumer. In contrast, the more inelastic (elastic) supply is, the more difficult (easier) it is to pass ...
... this is possible depends on the elasticities of demand and supply. Generally, the more elastic (inelastic) demand is, the more difficult (easier) it is for the firm to pass the tax burden to the consumer. In contrast, the more inelastic (elastic) supply is, the more difficult (easier) it is to pass ...
Capital Mobility, Monetization, and Money Demand
... earlier, our budget constraint is measured only with the monetized sector in each of the countries under study. Of course, it may be useful to obtain some evidence that the distinction made here between monetized and total real income is important. Thus, another round of TSLS estimations were perfor ...
... earlier, our budget constraint is measured only with the monetized sector in each of the countries under study. Of course, it may be useful to obtain some evidence that the distinction made here between monetized and total real income is important. Thus, another round of TSLS estimations were perfor ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics
... open economy, good news about future productivity will now lead to an increase in both consumption and investment, but it will create an even greater domestic recession since employment and production will decrease more significantly in response to the consumption effects on labor supply. Introducin ...
... open economy, good news about future productivity will now lead to an increase in both consumption and investment, but it will create an even greater domestic recession since employment and production will decrease more significantly in response to the consumption effects on labor supply. Introducin ...
Explaining Democratic Deterioration in Venezuela
... variable for the Latin American region10. Various indicators exist for other explanatory factors, such as inequality, religion, ethnic diversity, state size, party-system fragmentation, literacy, and social spending, but none is available for most of the countries and years included here. I have dec ...
... variable for the Latin American region10. Various indicators exist for other explanatory factors, such as inequality, religion, ethnic diversity, state size, party-system fragmentation, literacy, and social spending, but none is available for most of the countries and years included here. I have dec ...
The Political Economy of Social Democracy: The Swedish Collapse
... a decline in average electoral performance compared to previous decades. This decline varied from a 3.3% fall in the average vote since 1970 in the Swedish case, to a 10.8% drop in the British case. However, the pattern from the early 1970s is far from being one of continuous decline. In Sweden, the ...
... a decline in average electoral performance compared to previous decades. This decline varied from a 3.3% fall in the average vote since 1970 in the Swedish case, to a 10.8% drop in the British case. However, the pattern from the early 1970s is far from being one of continuous decline. In Sweden, the ...
Regional trajectories and uneven development in `the new` Europe
... EU-applicant states of Slovakia and Hungary are found in the former, which has much greater levels of internal regional disparities than in Hungary. Within EU Member States, 19% of the population of the EU lived in NUTS III areas with a per capita GDP of less than 75% of the Community average. Inclu ...
... EU-applicant states of Slovakia and Hungary are found in the former, which has much greater levels of internal regional disparities than in Hungary. Within EU Member States, 19% of the population of the EU lived in NUTS III areas with a per capita GDP of less than 75% of the Community average. Inclu ...
Document
... 1. In a balance-of-power situation, by definition, force is threatened but not used. True or False 2. Aid and the granting of favorable trade treatment can establish the basis for future positive relations. True or False 3. Economic sanctions will succeed regardless if other nations continue to trad ...
... 1. In a balance-of-power situation, by definition, force is threatened but not used. True or False 2. Aid and the granting of favorable trade treatment can establish the basis for future positive relations. True or False 3. Economic sanctions will succeed regardless if other nations continue to trad ...
T-Brathwaite - Pekea-fr
... societal practice of ‘open democracy’ in Barbados. Also, it is the associated phenomena which become embedded within the existing hierarchies that capitalism as a system reinforces and regenerates. Hence, I argue that in a broad sense democracy and capitalism are incompatible creatures. Indeed, this ...
... societal practice of ‘open democracy’ in Barbados. Also, it is the associated phenomena which become embedded within the existing hierarchies that capitalism as a system reinforces and regenerates. Hence, I argue that in a broad sense democracy and capitalism are incompatible creatures. Indeed, this ...
NBER WORKING PAPER SERIES FISCAL DEFICITS AND RELATIVE PRICES IN A
... hold. Nonequivalence arises from a factor first examined by Weil (1985): economic growth is fueled by the birth of new households that are unconnected with the existing households that hold the public debt. Because current debt holders do not value the consumption of unborn taxpayers, a fraction of ...
... hold. Nonequivalence arises from a factor first examined by Weil (1985): economic growth is fueled by the birth of new households that are unconnected with the existing households that hold the public debt. Because current debt holders do not value the consumption of unborn taxpayers, a fraction of ...
Bolivia Case Study - Overseas Development Institute
... of Brazil. Physically, the country is diverse, with one third of the land in the highlands where landscapes vary between very high plateaux (altiplano) at 4,000 metres or more, mountain chains, and intermontane valleys. The rest of the country is made up of tropical lowlands consisting variously of ...
... of Brazil. Physically, the country is diverse, with one third of the land in the highlands where landscapes vary between very high plateaux (altiplano) at 4,000 metres or more, mountain chains, and intermontane valleys. The rest of the country is made up of tropical lowlands consisting variously of ...
Measuring inclusive wealth at the state level in the United States
... contribution to the literature on sustainability. An important conclusion drawn here is that if states with an inclusive wealth per capita annual growth rate that is less than their GDP per capita annual growth rate want to sustain higher GDP growth rates for the long term, increased inclusive inves ...
... contribution to the literature on sustainability. An important conclusion drawn here is that if states with an inclusive wealth per capita annual growth rate that is less than their GDP per capita annual growth rate want to sustain higher GDP growth rates for the long term, increased inclusive inves ...
secondary school improvement programme (ssip) 2015 - Sci
... The economy is in equilibrium if LEAKAGES (WITHDRAWALS) = INJECTIONS L=J or S + T +M =I + G +X The multiplier is based on the principle that spending by one person becomes the income of another person, which then becomes that person’s spending, which turns into the income of yet another person ...
... The economy is in equilibrium if LEAKAGES (WITHDRAWALS) = INJECTIONS L=J or S + T +M =I + G +X The multiplier is based on the principle that spending by one person becomes the income of another person, which then becomes that person’s spending, which turns into the income of yet another person ...
Economic Growth, Structural Change and Natural Resource Booms
... productive inputs out of tradable manufacturing and allocating them elsewhere, this way affecting the sectoral composition of the economy. Like other models, however, the point remains somehow implicit, given that they do not explicitly consider the “relative dimension” of different industries. In t ...
... productive inputs out of tradable manufacturing and allocating them elsewhere, this way affecting the sectoral composition of the economy. Like other models, however, the point remains somehow implicit, given that they do not explicitly consider the “relative dimension” of different industries. In t ...
Economics Subject Outline for teaching in 2017
... type of work undertaken and hours worked. They analyse statistical data for factors such as full-time work, part-time work, casualisation of the workforce, and gender representation. The evaluation of the costs and benefits for workers who are involved in these changes in the nature of work forms pa ...
... type of work undertaken and hours worked. They analyse statistical data for factors such as full-time work, part-time work, casualisation of the workforce, and gender representation. The evaluation of the costs and benefits for workers who are involved in these changes in the nature of work forms pa ...
the role of capital market in emerging economy
... The stock market is viewed as a complex institution imbued with inherent mechanism through which long-term funds of the major sectors of the economy comprising households, firms, and government are mobilized, harnessed and made available to various sectors of the economy (Nyong, 1997). The developme ...
... The stock market is viewed as a complex institution imbued with inherent mechanism through which long-term funds of the major sectors of the economy comprising households, firms, and government are mobilized, harnessed and made available to various sectors of the economy (Nyong, 1997). The developme ...
Economic Growth in an Interdependent World Economy1
... We are not the only authors to express skepticism with the Mankiw-Romer-Weil orthodoxy. In a recent paper, Bernanke and Gürkaynak [6] re-estimate the MRW model using data from a pre-publication version of the most recent version of the Summers-Heston [12] data set. They are able to replicate the Man ...
... We are not the only authors to express skepticism with the Mankiw-Romer-Weil orthodoxy. In a recent paper, Bernanke and Gürkaynak [6] re-estimate the MRW model using data from a pre-publication version of the most recent version of the Summers-Heston [12] data set. They are able to replicate the Man ...
Question bank : Macro Economics for Biright Students
... 2. Full employment equilibrium is a stable 2. Under employment equilibrium is not a stable Equilibrium and real out put reaches its maximum equilibrium and real out put does not reach Its Point. Maximum. 3.Attempt to increase production beyond full 3. Attempt to increase production beyond under Empl ...
... 2. Full employment equilibrium is a stable 2. Under employment equilibrium is not a stable Equilibrium and real out put reaches its maximum equilibrium and real out put does not reach Its Point. Maximum. 3.Attempt to increase production beyond full 3. Attempt to increase production beyond under Empl ...
ON THE BENEFITS FROM RIGID LABOUR MARKETS: NORMS
... approach suggests, as was implicit in the General Theory, that in¯exible wages and persistent unemployment are phenomena of an essentially social nature. Unless special circumstances apply, wage competition is deemed to be socially improper. This norm works against wage ¯exibility, and against the f ...
... approach suggests, as was implicit in the General Theory, that in¯exible wages and persistent unemployment are phenomena of an essentially social nature. Unless special circumstances apply, wage competition is deemed to be socially improper. This norm works against wage ¯exibility, and against the f ...