Consumer confidence and economic growth: case studies of Jamaica
... The publication of confidence indices has become an important source of information to business owners and policymakers. These indices, which are regularly reported on, are compiled from surveys which provide a barometer of the sentiments of consumers and business persons in respect to current and f ...
... The publication of confidence indices has become an important source of information to business owners and policymakers. These indices, which are regularly reported on, are compiled from surveys which provide a barometer of the sentiments of consumers and business persons in respect to current and f ...
Paper 2 (sorted by syllabus section)
... A government imposes an indirect tax on the supply of a good with zero price elasticity of demand. Using a diagram, explain why consumers, not producers, could in the end pay this tax. ...
... A government imposes an indirect tax on the supply of a good with zero price elasticity of demand. Using a diagram, explain why consumers, not producers, could in the end pay this tax. ...
Long-run Unemployment and Macroeconomic Volatility
... necessary independent in the long-run. Starting with Tobin (1972), a huge strand of literature has stressed in particular on the long-run relation between in‡ation and unemployment, that is on the long-run Phillips curve.1 This paper contributes to this literature exploring the relationship at low f ...
... necessary independent in the long-run. Starting with Tobin (1972), a huge strand of literature has stressed in particular on the long-run relation between in‡ation and unemployment, that is on the long-run Phillips curve.1 This paper contributes to this literature exploring the relationship at low f ...
Chapter 16 - Cengage Learning
... from s to s’. • The result is very similar to the Solow model with no technological progress. At the initial capital-technology ratio, investment exceeds the amount needed to keep the capital-technology ratio constant. An upward shift in the s curve, therefore, speeds up the rate of growth temporari ...
... from s to s’. • The result is very similar to the Solow model with no technological progress. At the initial capital-technology ratio, investment exceeds the amount needed to keep the capital-technology ratio constant. An upward shift in the s curve, therefore, speeds up the rate of growth temporari ...
... from an average of around 15 weeks in the period 1960-2008 to an average of close to 40 weeks in 2012.2 This increase has been of great concern to policy makers. One reason is the widely held belief that long unemployment spells lead to the depreciation of a worker’s human capital. 3 But does the p ...
MB0026- Unit 1- Meaning And Importance Of Managerial Economics
... 1. Price of the given commodity, prices of other substitutes and/or complements, future expected trend in prices etc. 2. General Price level existing in the country- inflation or deflation. 3. Level of income and living standards of the people. 4. Size, rate of growth and composition of population. ...
... 1. Price of the given commodity, prices of other substitutes and/or complements, future expected trend in prices etc. 2. General Price level existing in the country- inflation or deflation. 3. Level of income and living standards of the people. 4. Size, rate of growth and composition of population. ...
Macro Econometric Modelling: A Practical Approach under EViews
... In the seventies, the science of structural econometric models and economic theory in the arena of macroeconomics had globally stabilized. Acceptability of this type of model for both forecasts and policy analysis was at its peak, and the stability of economic growth at the time made for an easier t ...
... In the seventies, the science of structural econometric models and economic theory in the arena of macroeconomics had globally stabilized. Acceptability of this type of model for both forecasts and policy analysis was at its peak, and the stability of economic growth at the time made for an easier t ...
Reconciling Hayek s and Keynes views of recessions
... differ substantially from the sticky-price interpretation commonly used to discuss multipliers. Moreover, by clarifying why this process does not depend on sticky prices, our analysis suggest that monetary policy may be of limited help in addressing the difficulties associated with a period of liqu ...
... differ substantially from the sticky-price interpretation commonly used to discuss multipliers. Moreover, by clarifying why this process does not depend on sticky prices, our analysis suggest that monetary policy may be of limited help in addressing the difficulties associated with a period of liqu ...
1/. A brief overview of status of cooperative movement in Vietnam
... - Revised the Law on Cooperatives - The government of Vietnam formulated many open and encouraged policies to support the effectiveness of coops. - Enhance the State managerial role to the cooperatives through the related Ministries. - Facilitate the cooperatives to participate in the social – econo ...
... - Revised the Law on Cooperatives - The government of Vietnam formulated many open and encouraged policies to support the effectiveness of coops. - Enhance the State managerial role to the cooperatives through the related Ministries. - Facilitate the cooperatives to participate in the social – econo ...
A History of Japanese Economic Thought
... With the opening of Japan to the West in the mid-nineteenth century, the focus of analysis alters: the main problem now is to understand why certain types of Western theory took root and flourished in Japan while others fell on stony ground. Clearly an important influence here is the nature of Japan ...
... With the opening of Japan to the West in the mid-nineteenth century, the focus of analysis alters: the main problem now is to understand why certain types of Western theory took root and flourished in Japan while others fell on stony ground. Clearly an important influence here is the nature of Japan ...
Who Works for Whom? Worker Sorting in a Model of Entrepreneurship ∗
... entrepreneurial sector. First, the model generates a lower wage per unit of worker efficiency, as well as lower average worker earnings, in the entrepreneurial sector relative to the corporate sector. This difference is consistent with the observed firm age-worker earnings premium. In the model, highe ...
... entrepreneurial sector. First, the model generates a lower wage per unit of worker efficiency, as well as lower average worker earnings, in the entrepreneurial sector relative to the corporate sector. This difference is consistent with the observed firm age-worker earnings premium. In the model, highe ...
Infrastructure is generally defined as the physical framework of
... postulate a variable cost function model for the manufacturing sector with cost as a function of the prices of the variable inputs, levels of output and infrastructure stocks. Variable inputs include capital, labour and intermediate input. Infrastructure is assumed to be a quasi-fixed input since it ...
... postulate a variable cost function model for the manufacturing sector with cost as a function of the prices of the variable inputs, levels of output and infrastructure stocks. Variable inputs include capital, labour and intermediate input. Infrastructure is assumed to be a quasi-fixed input since it ...
Forest Economics
... may a&ct the level of subsistence activity. h light of these d i f b b s , the effixt of including the subsistence sector on the forest industry dependence measure is illustrated in a case study using recently coUected data on subsistence activity from the cormnuaity of Waterhen, Saskatchewan. This ...
... may a&ct the level of subsistence activity. h light of these d i f b b s , the effixt of including the subsistence sector on the forest industry dependence measure is illustrated in a case study using recently coUected data on subsistence activity from the cormnuaity of Waterhen, Saskatchewan. This ...
Theories of Economic Integration: A Survey of the
... trade diversion is considered the "bad thing" in terms of economic welfare. However, as Lipsey (1957, p.40-41) argues this must not be the case, as economic welfare includes both production and consumption effects. The Viner analysis has concentrated on the production side only, neglecting the consu ...
... trade diversion is considered the "bad thing" in terms of economic welfare. However, as Lipsey (1957, p.40-41) argues this must not be the case, as economic welfare includes both production and consumption effects. The Viner analysis has concentrated on the production side only, neglecting the consu ...
Economics - Eastern Cape Department of Education
... parts of the curriculum using other textbooks and your class notes. We are confident that this Mind the Gap study guide can help you to prepare well so that you pass the end-of-year exams. The importance of your success cannot be over-emphasised. You form part of the future generation, and we all ho ...
... parts of the curriculum using other textbooks and your class notes. We are confident that this Mind the Gap study guide can help you to prepare well so that you pass the end-of-year exams. The importance of your success cannot be over-emphasised. You form part of the future generation, and we all ho ...
Principles of Microeconomics, 7e (Case/Fair)
... B) decreases. C) initially increases, then decreases. D) initially decreases, then increases. Answer: A Diff: 3 Type: C 56) As an economy produces more of a good, the opportunity costs of producing it increases. This most likely occurs because A) as more of a good is produced the inputs used to prod ...
... B) decreases. C) initially increases, then decreases. D) initially decreases, then increases. Answer: A Diff: 3 Type: C 56) As an economy produces more of a good, the opportunity costs of producing it increases. This most likely occurs because A) as more of a good is produced the inputs used to prod ...
An Application of the Stock and Watson Methodology
... worked in the manufacturing sector, real manufacturing shipments, real labour income, real wages and salaries, real retail sales, total and urban housing starts, U.S. Conference Board’s coincident economic index for the U.S. economy, and the overall index of U.S. manufacturing activity from the Inst ...
... worked in the manufacturing sector, real manufacturing shipments, real labour income, real wages and salaries, real retail sales, total and urban housing starts, U.S. Conference Board’s coincident economic index for the U.S. economy, and the overall index of U.S. manufacturing activity from the Inst ...
Trying to Make Sense of the Principle of Effective Demand
... 1.4 The Principle of Effective Demand in Kaleckian economics This section is concerned with the interpretation of the Principle of Effective Demand within a group of economists who are united by their conviction that it is important to distinguish different sectors of an economy as well as different ...
... 1.4 The Principle of Effective Demand in Kaleckian economics This section is concerned with the interpretation of the Principle of Effective Demand within a group of economists who are united by their conviction that it is important to distinguish different sectors of an economy as well as different ...
Investment Hangover and the Great Recession
... are used in the production of overbuilt capital. Thus, other types of investment can also decline, in line with the acceleration principle of investment (see, for instance, Samuelson (1939)), despite the low cost of capital implied by the low interest rate. As the economy decumulates the overbuilt c ...
... are used in the production of overbuilt capital. Thus, other types of investment can also decline, in line with the acceleration principle of investment (see, for instance, Samuelson (1939)), despite the low cost of capital implied by the low interest rate. As the economy decumulates the overbuilt c ...
Minimum Wage Increase
... local businesses and shops, naturally, their local economies will suffer. It is commonly believed among economists that low-wage workers are more likely than any other income group to spend extra earnings immediately on basic needs or services that they could previously not afford.16 As the nation ...
... local businesses and shops, naturally, their local economies will suffer. It is commonly believed among economists that low-wage workers are more likely than any other income group to spend extra earnings immediately on basic needs or services that they could previously not afford.16 As the nation ...
Alcatel
... … with the convenience of a single bill to each consumer “…one of the first communities in the U.S. to offer households an advanced full service optical network with all its advantages,” Jim Kelley, Bristol utilities telecommunication manager. Surpass penetration objectives ...
... … with the convenience of a single bill to each consumer “…one of the first communities in the U.S. to offer households an advanced full service optical network with all its advantages,” Jim Kelley, Bristol utilities telecommunication manager. Surpass penetration objectives ...
Economic Report of the President - The American Presidency Project
... Real opportunity requires every American to get the education and training they need to land a good-paying job. Together, we’ve increased access to early childhood education, lifted high school graduation rates to new highs, and boosted graduates in fields like engineering. In the coming years, we s ...
... Real opportunity requires every American to get the education and training they need to land a good-paying job. Together, we’ve increased access to early childhood education, lifted high school graduation rates to new highs, and boosted graduates in fields like engineering. In the coming years, we s ...
Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary
... displays the average current-account-to-GDP ratio, an index of nominal hourly wages in euros, and the rate of unemployment for a group of peripheral European countries that were either on or pegging to the euro over the period 2000–2011. In the early 2000s, these countries enjoyed large capital inflo ...
... displays the average current-account-to-GDP ratio, an index of nominal hourly wages in euros, and the rate of unemployment for a group of peripheral European countries that were either on or pegging to the euro over the period 2000–2011. In the early 2000s, these countries enjoyed large capital inflo ...
economic growth and competitiveness of hungarian regions
... competitiveness and will also look more closely at one of the basic models of competitiveness. First, I will briefly discuss alternative interpretations of the notion of competitiveness. Then I will introduce the so-called pyramid-model which has been designed to measure and improve regional competi ...
... competitiveness and will also look more closely at one of the basic models of competitiveness. First, I will briefly discuss alternative interpretations of the notion of competitiveness. Then I will introduce the so-called pyramid-model which has been designed to measure and improve regional competi ...
