Defining Knowledge-Driven Economic Dynamism in the World
... use it, the greater the social return and its value become (Houghton and Sheehan 2000). As a result positive externalities arise. The second shift highlights the role information and communication technologies (ICTs) play in the creation and transferability of knowledge (Lundvall and Foray 1996; Hou ...
... use it, the greater the social return and its value become (Houghton and Sheehan 2000). As a result positive externalities arise. The second shift highlights the role information and communication technologies (ICTs) play in the creation and transferability of knowledge (Lundvall and Foray 1996; Hou ...
Secular Trends and Long Waves (Review Version)
... Wallerstein believes that there is a secular tendency towards the world-wide increase in the bargaining power of workers and a consequent increase in the global wage bill for capital. He argues that workers tend to organize themselves and gain greater political strength over time, leading to higher ...
... Wallerstein believes that there is a secular tendency towards the world-wide increase in the bargaining power of workers and a consequent increase in the global wage bill for capital. He argues that workers tend to organize themselves and gain greater political strength over time, leading to higher ...
A Case Study of Germany - Forschungszentrum Jülich GmbH
... ‘New Keynesian’ school would agree with this line of reasoning in the short run. However, the Kaleckian models show that the paradox of thrift may also hold in the long run. If this is the case, an increase in the propensity to save reduces the longterm rate of growth. Some post-Keynesians do not ag ...
... ‘New Keynesian’ school would agree with this line of reasoning in the short run. However, the Kaleckian models show that the paradox of thrift may also hold in the long run. If this is the case, an increase in the propensity to save reduces the longterm rate of growth. Some post-Keynesians do not ag ...
The Role of Production Progress and Human
... Solow residual, which is a constant, trend and residual and is not specified (i.e. the only conclusion in respect of developing countries is that "the states have to adjust everything else in line with the developed countries"). It is a relatively unpretentious conclusion without any weighty implica ...
... Solow residual, which is a constant, trend and residual and is not specified (i.e. the only conclusion in respect of developing countries is that "the states have to adjust everything else in line with the developed countries"). It is a relatively unpretentious conclusion without any weighty implica ...
Economic Values and Resource Use - Bortom BNP
... from resource consumption or environmental degradation. Empirically, there is evidence of relative decoupling of growth from carbon emissions in some northern European and North American economies [11]. In regard to material resource use, UNEP finds that the total mass of material extraction grew by ...
... from resource consumption or environmental degradation. Empirically, there is evidence of relative decoupling of growth from carbon emissions in some northern European and North American economies [11]. In regard to material resource use, UNEP finds that the total mass of material extraction grew by ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... distribution pattern. To summarize the UP perspective, Chile was characterized by a vicious circle, where the unequal original income distribution pattern generated a highly monopolistic productive structure, which reinforced the existing skewed income pattern. The structure of the economy got more ...
... distribution pattern. To summarize the UP perspective, Chile was characterized by a vicious circle, where the unequal original income distribution pattern generated a highly monopolistic productive structure, which reinforced the existing skewed income pattern. The structure of the economy got more ...
The economic causes and consequences of social instability in China
... urban and rural areas may not be important in fermenting social instability. The research on subjective well-being also shows the importance to aspirations of a person’s reference group, that is, the people with whom comparisons are made. ...
... urban and rural areas may not be important in fermenting social instability. The research on subjective well-being also shows the importance to aspirations of a person’s reference group, that is, the people with whom comparisons are made. ...
ch 1 presentation
... • Cost - the alternative we give up when we choose one option over another (to an economist cost = opportunity cost) • Increasing cost – each time we increase the production of a particular good, the sacrifice in terms of the goods given up ...
... • Cost - the alternative we give up when we choose one option over another (to an economist cost = opportunity cost) • Increasing cost – each time we increase the production of a particular good, the sacrifice in terms of the goods given up ...
Lecture-Q_Theory_Investment(Intro)
... negatively on the real interest rate. The real interest rate is used by stock market participants to discount future profits of firms. A higher real interest rate means that future profits are more heavily discounted, thereby reducing stock prices. L ower stock prices would lead to lower investment. ...
... negatively on the real interest rate. The real interest rate is used by stock market participants to discount future profits of firms. A higher real interest rate means that future profits are more heavily discounted, thereby reducing stock prices. L ower stock prices would lead to lower investment. ...
The Effect of Trade Openness and Economic Freedom on Economic
... overall gain in welfare that in turn results in productive and allocation efficiency. Economists measure the benefits of free international trade by using the concepts of consumer and producer surplus. The difference between the price that consumers would be willing to pay for a goods or service rat ...
... overall gain in welfare that in turn results in productive and allocation efficiency. Economists measure the benefits of free international trade by using the concepts of consumer and producer surplus. The difference between the price that consumers would be willing to pay for a goods or service rat ...
Check for Understanding - Delaware Department of Education
... branches of the federal government utilize fiscal policy to combat the ups and downs of the business cycle. The two tools that the President and Congress can use are taxing and spending policies. When faced with a recession, the fiscal policy suggested by this condition is to reduce taxes, increasin ...
... branches of the federal government utilize fiscal policy to combat the ups and downs of the business cycle. The two tools that the President and Congress can use are taxing and spending policies. When faced with a recession, the fiscal policy suggested by this condition is to reduce taxes, increasin ...
GAMBLING ON INVESTMENT: COMPETING ECONOMIC
... This, however, is of no consequence for growth in the LABOUR economic vision because investment is seen as being in large part driven by the expansion of demand13 rather than through sending investor friendly signals encoded in so-called sound economic policy stances. It is also assumed that governm ...
... This, however, is of no consequence for growth in the LABOUR economic vision because investment is seen as being in large part driven by the expansion of demand13 rather than through sending investor friendly signals encoded in so-called sound economic policy stances. It is also assumed that governm ...
In the aftermath of the Great Depression of the 1930s and World War
... Non-academic business analysts and most business historians understand that competition can become excessive or “cut-throat,” leading to price wars, low profits, dangerous debt burdens, and policies -- such as scorched earth labor relations -- that may be necessary for short-term survival but erode ...
... Non-academic business analysts and most business historians understand that competition can become excessive or “cut-throat,” leading to price wars, low profits, dangerous debt burdens, and policies -- such as scorched earth labor relations -- that may be necessary for short-term survival but erode ...
NBER WORKING PAPER SERIES Asli Demirguc-Kunt Erik Feyen
... decentralized markets are relatively more effective in custom-designing arrangements to finance more novel, longer-run, higher-risk projects relying more on intangible inputs. Consistent with these theories, Demirguc-Kunt and Maksimovic (1998), Levine and Zervos (1998), and Beck and Levine (2004) pr ...
... decentralized markets are relatively more effective in custom-designing arrangements to finance more novel, longer-run, higher-risk projects relying more on intangible inputs. Consistent with these theories, Demirguc-Kunt and Maksimovic (1998), Levine and Zervos (1998), and Beck and Levine (2004) pr ...
Division of Labor and Economic Growth: from Adam Smith to Paul
... suggests that more important are the cases of the specialization of individuals in producing machines, or in pursuing inventive activity. Here Smith especially refers to the process of division of labor among productive units (…rms, departments,...), where two particular types of specialized workers ...
... suggests that more important are the cases of the specialization of individuals in producing machines, or in pursuing inventive activity. Here Smith especially refers to the process of division of labor among productive units (…rms, departments,...), where two particular types of specialized workers ...
What Is an Economy? - Franklin Board of Education
... Entrepreneur are willing to invest their time and money to run a business. Entrepreneurs also: • Organize factors of production to create goods and services • Employ the population ...
... Entrepreneur are willing to invest their time and money to run a business. Entrepreneurs also: • Organize factors of production to create goods and services • Employ the population ...
"Presidebilismo" In South America - Illinois State University Websites
... outcome. The existence of a unified, majority opposition may be sufficient to depose a president from office when political and/or economic crisis take place, regardless of the presence or strength of mass mobilization. According to Hochstetler (2006), and Kim and Bahry (2008), however, after politi ...
... outcome. The existence of a unified, majority opposition may be sufficient to depose a president from office when political and/or economic crisis take place, regardless of the presence or strength of mass mobilization. According to Hochstetler (2006), and Kim and Bahry (2008), however, after politi ...
ue02-fehn 223213 en
... Persistently high unemployment rates are just one side of the coin of an overall economic performance which is far from satisfactory. The other side of the coin is the lackluster performance with respect to growth rates, where Germany was in the course of the nineties not only outperformed by the US ...
... Persistently high unemployment rates are just one side of the coin of an overall economic performance which is far from satisfactory. The other side of the coin is the lackluster performance with respect to growth rates, where Germany was in the course of the nineties not only outperformed by the US ...
1994-10
... belonging to the same commodity group. Thus at this second level, consumers have the substitution possibilities between domestic and imported commodities of the same type according to a Cobb-Douglas function. The resultant set of household demand functions for domestic and imported commodities are g ...
... belonging to the same commodity group. Thus at this second level, consumers have the substitution possibilities between domestic and imported commodities of the same type according to a Cobb-Douglas function. The resultant set of household demand functions for domestic and imported commodities are g ...
A Computational General Equilibrium Model with Vintage Capital
... adjust to current economic conditions. This means that “realistic” changes in real wages or in the cost of capital lead to very significant and quick moves in demand for labor and capital. Moreover, the quick adjustment of the capital stock should cause huge variations in the flows of investment. Ho ...
... adjust to current economic conditions. This means that “realistic” changes in real wages or in the cost of capital lead to very significant and quick moves in demand for labor and capital. Moreover, the quick adjustment of the capital stock should cause huge variations in the flows of investment. Ho ...
NBER WORKING PAPER SERIES Roger E.A. Farmer Dmitry Plotnikov
... to 25% and remained above 10% for ten years in a row. Keynes argued that the drop in the stock market in 1929 caused the Great Depression. Some empirical evidence for this view can be found in the work of Romer (1990) and a theory of how it can be consistent with rational behavior by individuals can ...
... to 25% and remained above 10% for ten years in a row. Keynes argued that the drop in the stock market in 1929 caused the Great Depression. Some empirical evidence for this view can be found in the work of Romer (1990) and a theory of how it can be consistent with rational behavior by individuals can ...
Lec 8
... properties. This will promote market economy where people will be having incentives leading to boost income and outputs, (iii) Such activities be discouraged which promote rent earning chances. In other words, the hoarding and ...
... properties. This will promote market economy where people will be having incentives leading to boost income and outputs, (iii) Such activities be discouraged which promote rent earning chances. In other words, the hoarding and ...
LAND PRICES AND UNEMPLOYMENT
... A striking feature of business cycles is that land prices and unemployment comove (Figure 1). Never is this feature more true than in the recent recession, when the collapse in the housing market was followed by sharply rising unemployment. The comovements between land prices and unemployment, along ...
... A striking feature of business cycles is that land prices and unemployment comove (Figure 1). Never is this feature more true than in the recent recession, when the collapse in the housing market was followed by sharply rising unemployment. The comovements between land prices and unemployment, along ...
Expectation for Development in Economic Statistics
... Shortly, the demands of today’s society for economic statistics increased continually and drastically in China. And the supply of economic statistics in China has to mach up with the demand in many ways. Supply of economic statistics comes from many economic and social entities. Since there was a 30 ...
... Shortly, the demands of today’s society for economic statistics increased continually and drastically in China. And the supply of economic statistics in China has to mach up with the demand in many ways. Supply of economic statistics comes from many economic and social entities. Since there was a 30 ...
The Swedish model: an alternative to macroeconomic policy
... defense of equal pay for equal services, regardless of profitability or the company’s ability to pay (Whyman, 2003, pp. 39-40). Companies should compete with each other through productivity and not through cost reductions regarding to labor. However, the model does not suggest a general equalization ...
... defense of equal pay for equal services, regardless of profitability or the company’s ability to pay (Whyman, 2003, pp. 39-40). Companies should compete with each other through productivity and not through cost reductions regarding to labor. However, the model does not suggest a general equalization ...