Co-ordination through an Asian lens
... tightly knit, rugged and adaptable people who could do things better and cheaper than our neighbors […]. We had to be different.’ (Lee 2000: 24). China The Communist Party of China (CPC) embarked on transformational economic reforms in 1978 with the aim to ‘advance courageously to make a fundamental ...
... tightly knit, rugged and adaptable people who could do things better and cheaper than our neighbors […]. We had to be different.’ (Lee 2000: 24). China The Communist Party of China (CPC) embarked on transformational economic reforms in 1978 with the aim to ‘advance courageously to make a fundamental ...
Democracy and Development: New Insights from Dynagraphs
... under authoritarian regimes, and then transitioned to democracy. This path has sometimes been called the ‘Asian way’ in respect to senior politicians such as Prime Ministers Lee of Singapore and Matahir of Malaysia, who have argued that economic development under limited democratization is most comp ...
... under authoritarian regimes, and then transitioned to democracy. This path has sometimes been called the ‘Asian way’ in respect to senior politicians such as Prime Ministers Lee of Singapore and Matahir of Malaysia, who have argued that economic development under limited democratization is most comp ...
Causes of Inflation
... rejects the conception of cyclical unemployment, seeing the attainment of full employment of resources and potential output as the normal state of affairs. However, it accepts the theory to some extent as full employment can never be reached. - Real wage are higher than the market-equilibrium wage. ...
... rejects the conception of cyclical unemployment, seeing the attainment of full employment of resources and potential output as the normal state of affairs. However, it accepts the theory to some extent as full employment can never be reached. - Real wage are higher than the market-equilibrium wage. ...
chapter on macro economics
... to production factors. Without such access, farmers work marginal lands without fertiliser, women work in subsistence production without the skills and tools to upgrade their businesses, and factory workers produce below their optimal level of productivity due to out-of-date machines and lack of tra ...
... to production factors. Without such access, farmers work marginal lands without fertiliser, women work in subsistence production without the skills and tools to upgrade their businesses, and factory workers produce below their optimal level of productivity due to out-of-date machines and lack of tra ...
Financialization - Hans-Böckler
... As always, there is some mainstream literature challenging these conclusions, and that literature is growing with the emergence of the behavioral finance approach. For instance, rational expectations theory (Flood and Garber, 1980) acknowledges that market participants can rationally participate in ...
... As always, there is some mainstream literature challenging these conclusions, and that literature is growing with the emergence of the behavioral finance approach. For instance, rational expectations theory (Flood and Garber, 1980) acknowledges that market participants can rationally participate in ...
Special economic zones for South Africa
... ports they are physically segregated from both the port’s main area and the outside – fences, walls, gates – because they lie outside of the custom territory. The processes allowed in free zones are usually limited: warehousing, aggregation and disaggregation, light processing (packaging, break-bulk ...
... ports they are physically segregated from both the port’s main area and the outside – fences, walls, gates – because they lie outside of the custom territory. The processes allowed in free zones are usually limited: warehousing, aggregation and disaggregation, light processing (packaging, break-bulk ...
Mankiw 6e PowerPoints
... Reduce the government budget deficit (or increase the budget surplus). ...
... Reduce the government budget deficit (or increase the budget surplus). ...
The Solow Growth Model: An Excel
... Mankiw says a goal of macroeconomic analysis is "to explain why our national income grows, and why some economies grow faster than others..." (186). He identifies "the factors of production—capital and labor—and the production technology as the sources of the economy's output and, thus, of its total ...
... Mankiw says a goal of macroeconomic analysis is "to explain why our national income grows, and why some economies grow faster than others..." (186). He identifies "the factors of production—capital and labor—and the production technology as the sources of the economy's output and, thus, of its total ...
Documentos de Trabajo en Ciencia Política
... optimism about the future and how these expectations translate into support for the government? The answers to these questions are not straightforward. Individuals may fail to recognize times of prosperity or hardship according to objective conditions. This may occur, for example, when aggregate eco ...
... optimism about the future and how these expectations translate into support for the government? The answers to these questions are not straightforward. Individuals may fail to recognize times of prosperity or hardship according to objective conditions. This may occur, for example, when aggregate eco ...
The SNA: Facing a Choice Between Measurability and Relevance?
... For as long as these services are produced for intermediate use, this may undermine the quality of economic growth by industry, but it has at least no effect on total GDP. The error in the production in industry A is cancelled by the error in the intermediate use in industry B. This is not the case ...
... For as long as these services are produced for intermediate use, this may undermine the quality of economic growth by industry, but it has at least no effect on total GDP. The error in the production in industry A is cancelled by the error in the intermediate use in industry B. This is not the case ...
Economics Spring 2014
... (Bonus points for acting out or illustrating your example) John has six shirts and is trying to decide whether to buy a ...
... (Bonus points for acting out or illustrating your example) John has six shirts and is trying to decide whether to buy a ...
Economic Indicators and Measurements
... • During contraction, producers cut back and unemployment increases – resources become less scarce, so prices tend to stabilize or fall • Recession—contraction lasting two or more quarters • Depression—long period of high unemployment and limited business activity • Stagflation—stagnation in busines ...
... • During contraction, producers cut back and unemployment increases – resources become less scarce, so prices tend to stabilize or fall • Recession—contraction lasting two or more quarters • Depression—long period of high unemployment and limited business activity • Stagflation—stagnation in busines ...
Ch 18 PDF
... 18.5 Evaluate the role of fiscal, monetary, and income security policy in the economic recession and recovery, p. 593. ...
... 18.5 Evaluate the role of fiscal, monetary, and income security policy in the economic recession and recovery, p. 593. ...
The Rise and Fall of Radical Political Economy in the United States
... ideologically dominated by a (vague) New Left (NL) social critique of (US) capitalism, notwithstanding that many radicals rejected such critiques as inadequate. US Radical Political Economy and the New Left Since the term NL was created to refer to everyone with a radical critique of the system othe ...
... ideologically dominated by a (vague) New Left (NL) social critique of (US) capitalism, notwithstanding that many radicals rejected such critiques as inadequate. US Radical Political Economy and the New Left Since the term NL was created to refer to everyone with a radical critique of the system othe ...
Residential Investment and Economic Growth
... accumulation, such as in institutions, economic and political climate, and economic policies that encourage education, inflows of foreign investment, lower population growth and so on. In this paper we re-examine that issue by incorporating households’ wealth accumulation into the framework. More sp ...
... accumulation, such as in institutions, economic and political climate, and economic policies that encourage education, inflows of foreign investment, lower population growth and so on. In this paper we re-examine that issue by incorporating households’ wealth accumulation into the framework. More sp ...
PDF - unu-wider - United Nations University
... tightly knit, rugged and adaptable people who could do things better and cheaper than our neighbors […]. We had to be different.’ (Lee 2000: 24). China The Communist Party of China (CPC) embarked on transformational economic reforms in 1978 with the aim to ‘advance courageously to make a fundamental ...
... tightly knit, rugged and adaptable people who could do things better and cheaper than our neighbors […]. We had to be different.’ (Lee 2000: 24). China The Communist Party of China (CPC) embarked on transformational economic reforms in 1978 with the aim to ‘advance courageously to make a fundamental ...
Advanced Topics in Economic Analysis# This is a special course at
... and expectations. Optimal monetary policy design and the monetary transmission mechanism will also be covered. Money and Banking This is a course in money and banking at the masters or first-year graduate level. It discusses the role of money and the banking system in the economy and how they affect ...
... and expectations. Optimal monetary policy design and the monetary transmission mechanism will also be covered. Money and Banking This is a course in money and banking at the masters or first-year graduate level. It discusses the role of money and the banking system in the economy and how they affect ...
General Introduction: The Limits of GDP as a Measure of
... problem’ in human development • GDP growth in western word since 1800s as one the defining moment in human history, which accounts for much of our own experience of ‘modernisation’ • What determines the level (and distribution) of output produced is the fundamental problems of ‘classical’ political ...
... problem’ in human development • GDP growth in western word since 1800s as one the defining moment in human history, which accounts for much of our own experience of ‘modernisation’ • What determines the level (and distribution) of output produced is the fundamental problems of ‘classical’ political ...
Questions Chapter 11
... 5. In the absence of changes in autonomous factors, the economy moves along a fixed production function characterized by diminishing returns. Continual increases in the level of per-person stock of capital (K/N) yields less and less of an increase in per-person output (Y/N). The reason is explained ...
... 5. In the absence of changes in autonomous factors, the economy moves along a fixed production function characterized by diminishing returns. Continual increases in the level of per-person stock of capital (K/N) yields less and less of an increase in per-person output (Y/N). The reason is explained ...
Saving Capitalism from Itself: Whither the Welfare State?
... strategy, designed to restore profitability by downsizing the state and redistributing income and wealth upward from the have-nots to the haves. Contemporary neo-liberalism revives classical laissez-faire economic theory that was developed in the eighteenth and nineteenth centuries by Adam Smith and ...
... strategy, designed to restore profitability by downsizing the state and redistributing income and wealth upward from the have-nots to the haves. Contemporary neo-liberalism revives classical laissez-faire economic theory that was developed in the eighteenth and nineteenth centuries by Adam Smith and ...
Chapter 6
... European balance of power. The following century became what Karl Polanyi referred to as “a hundred years’ peace” in Europe. After 1849, Britain adopted unilateral free trade, which cheapened the cost of raw materials for the British industry and opened up markets for the European and American expor ...
... European balance of power. The following century became what Karl Polanyi referred to as “a hundred years’ peace” in Europe. After 1849, Britain adopted unilateral free trade, which cheapened the cost of raw materials for the British industry and opened up markets for the European and American expor ...
Product Variety and Changes in Consumption Patterns: The Effects
... respect to technological innovation they report that (x) property rights were very loosely enforced, and (xi) monetary incentives played a minor role in innovation; moreover, (xii) small innovators introducing small change in the machineries where more crucial than big inventors,3 which is consisten ...
... respect to technological innovation they report that (x) property rights were very loosely enforced, and (xi) monetary incentives played a minor role in innovation; moreover, (xii) small innovators introducing small change in the machineries where more crucial than big inventors,3 which is consisten ...
NBER WORKING PAPER SERIES WHY TRADE CAN HURT
... the distorted good is higher in the distorted economy, it tends to be imported, with adverse consequences on the level and distribution of income. Such factor market distortions have similar effects even when goods are divisible. By modifying the standard trade models, namely the Ricardian, Specific ...
... the distorted good is higher in the distorted economy, it tends to be imported, with adverse consequences on the level and distribution of income. Such factor market distortions have similar effects even when goods are divisible. By modifying the standard trade models, namely the Ricardian, Specific ...
Mankiw 5/e Chapter 9: Intro to Economic Fluctuations
... (what we studied in chapters 3-8) Output is determined by the supply side: – supplies of capital, labor – technology Changes in demand for goods & services (C, I, G ) only affect prices, not quantities. Complete price flexibility is a crucial assumption, so classical theory applies in the long ...
... (what we studied in chapters 3-8) Output is determined by the supply side: – supplies of capital, labor – technology Changes in demand for goods & services (C, I, G ) only affect prices, not quantities. Complete price flexibility is a crucial assumption, so classical theory applies in the long ...