NBER WORKING PAPER SERIES FISCAL POLICY CAN REDUCE UNEMPLOYMENT:
... net wealth because the single representative agent fully discounts the future tax burden of current transfers. This property, dubbed Ricardian Equivalence by Robert Barro (1974), has become the benchmark for most recent macroeconomic models. In the model I develop in this paper, the fact that govern ...
... net wealth because the single representative agent fully discounts the future tax burden of current transfers. This property, dubbed Ricardian Equivalence by Robert Barro (1974), has become the benchmark for most recent macroeconomic models. In the model I develop in this paper, the fact that govern ...
Open Access - Scientific Research Publishing
... government stimulated economy was increasing fixed investment. Actually it was a part of Keynesian practices, with an emphasis on demand side management. Although it got certain success, it left a series of problems: overcapacity, structure distorted, environmental pollution and so on. Not giving up ...
... government stimulated economy was increasing fixed investment. Actually it was a part of Keynesian practices, with an emphasis on demand side management. Although it got certain success, it left a series of problems: overcapacity, structure distorted, environmental pollution and so on. Not giving up ...
Productivity and Growth
... machines are needed to produce the same output. Example: • Implementation of a night shift, where adding two more sets of crew will increase the productivity of an assembly plant ...
... machines are needed to produce the same output. Example: • Implementation of a night shift, where adding two more sets of crew will increase the productivity of an assembly plant ...
book review: competition, coordination and diversity
... responsible for many important insights into the workings of the market process. Most readers of this book would probably not be very familiar with his observations on the nature of the firm, however, and Salin’s account is this likely to be very informative for them. One finds in Bastiat ideas reco ...
... responsible for many important insights into the workings of the market process. Most readers of this book would probably not be very familiar with his observations on the nature of the firm, however, and Salin’s account is this likely to be very informative for them. One finds in Bastiat ideas reco ...
Draft concept: Trade and Inclusive Economic Growth Facility [Word
... Other areas under investigation for support are – labour market reform (improve employment conditions for the working poor); and micro and small enterprise development (help entrepreneurs, for example farmers, to grow their business). 4. Responding to emerging economic issues - Our economic partners ...
... Other areas under investigation for support are – labour market reform (improve employment conditions for the working poor); and micro and small enterprise development (help entrepreneurs, for example farmers, to grow their business). 4. Responding to emerging economic issues - Our economic partners ...
UNIT 1 - GUNS and ROSES
... Your Own Personal PPC If two possible outcomes in your own personal life are job earnings and educational credits, then your PPC looks as follows: Job earnings ...
... Your Own Personal PPC If two possible outcomes in your own personal life are job earnings and educational credits, then your PPC looks as follows: Job earnings ...
The Role of Natural Resources in Economic Development
... natural and environmental resource endowment available to an economy, which is often referred to generally as natural capital. The rest of this lecture is devoted to elaborating further on the “new thinking” concerning the relationship between natural resources and economic development, and in parti ...
... natural and environmental resource endowment available to an economy, which is often referred to generally as natural capital. The rest of this lecture is devoted to elaborating further on the “new thinking” concerning the relationship between natural resources and economic development, and in parti ...
AS Economics Answers - Pearson Schools and FE Colleges
... company are all economic goods because they need resources to make them. The resources could be used for other purposes and so A, B and C all have an opportunity cost. 2 Answer A The factory worker is giving up her current earnings so that she can take a university degree course. The books she has ...
... company are all economic goods because they need resources to make them. The resources could be used for other purposes and so A, B and C all have an opportunity cost. 2 Answer A The factory worker is giving up her current earnings so that she can take a university degree course. The books she has ...
Glossary of Terms and Acronyms
... Disaggregate – To divide a statistic into its component parts. Discouraged Workers – People not in the labor force who want and are available for a job and who have looked for work some time in the past 12 months (or since the end of their last job if they held one within the past 12 months), but ar ...
... Disaggregate – To divide a statistic into its component parts. Discouraged Workers – People not in the labor force who want and are available for a job and who have looked for work some time in the past 12 months (or since the end of their last job if they held one within the past 12 months), but ar ...
DOCUMENTOS DE TRABAJO Serie Economía EPL AND CAPITAL-LABOR RATIOS
... very specific pattern of complementarity between capital and workers protected by EPL (senior workers, as opposed to unprotected new entrants, or junior workers) has to be assumed: EPL increases the share of senior workers in employment and by complementarity, leads to higher investment in physical ...
... very specific pattern of complementarity between capital and workers protected by EPL (senior workers, as opposed to unprotected new entrants, or junior workers) has to be assumed: EPL increases the share of senior workers in employment and by complementarity, leads to higher investment in physical ...
Full paper - PSU - University of Malaya
... The role of human capital in developing innovation capabilities is well documented in the past (refers to litireature review). For this study, we use R&D personnel and tertiary enrolment as a proxy to explain human capital. Table 1 shows that mean of R&D personal and tertiary enrolment is higher in ...
... The role of human capital in developing innovation capabilities is well documented in the past (refers to litireature review). For this study, we use R&D personnel and tertiary enrolment as a proxy to explain human capital. Table 1 shows that mean of R&D personal and tertiary enrolment is higher in ...
Explanations
... Fill in your name and last five digits of your student number on this test sheet. Multiple Choice questions must be answered on the test form. Please fill in your last name and your first name in the spaces provided. Then bubble in the appropriate letters below your name. You must also fill in the l ...
... Fill in your name and last five digits of your student number on this test sheet. Multiple Choice questions must be answered on the test form. Please fill in your last name and your first name in the spaces provided. Then bubble in the appropriate letters below your name. You must also fill in the l ...
POLITICAL ECONOMY RESEARCH INSTITUTE The Rich Get Richer: Neo-liberalism and Soaring Inequality in
... The four years since the financial meltdown of 2008 have been unusually difficult. But in some essential ways, this is not a new story. The US has been suffering from a crisis of inequality for more than three decades. Over the past three decades, the distribution of income and wealth in the US has ...
... The four years since the financial meltdown of 2008 have been unusually difficult. But in some essential ways, this is not a new story. The US has been suffering from a crisis of inequality for more than three decades. Over the past three decades, the distribution of income and wealth in the US has ...
Chapter 2 - TEST BANK 360
... that: a. the quantity of consumer goods produced can never be zero. b. the labor force in the economy is homogeneous. c. greater amounts of capital goods must be sacrificed to produce an additional 2 units of consumer goods. d. a graph of the production data is a downward-sloping straight line. 5. A ...
... that: a. the quantity of consumer goods produced can never be zero. b. the labor force in the economy is homogeneous. c. greater amounts of capital goods must be sacrificed to produce an additional 2 units of consumer goods. d. a graph of the production data is a downward-sloping straight line. 5. A ...
GLOBALIZATION OF ECONOMICS AND DEVELOPMENT
... So the state plays fundamental role in creating of institutional forms and strategies of globalization processes and supporting the process of capital concentration. ...
... So the state plays fundamental role in creating of institutional forms and strategies of globalization processes and supporting the process of capital concentration. ...
PDF
... land that remains constant (H). Each of the three goods is produced by perfectly competitive firms, which employ primary and intermediate factors of production. The agricultural and manufactured goods are traded on the international markets, while the service goods are sold on the do ...
... land that remains constant (H). Each of the three goods is produced by perfectly competitive firms, which employ primary and intermediate factors of production. The agricultural and manufactured goods are traded on the international markets, while the service goods are sold on the do ...
I. Introduction to basic economic problems
... In every society at a given time, the quantities of goods and services are limited by the quantity and quality of our factors of production and by our technology. The quantities of goods and services we would like to consume appears to be unlimited. As a result, economies must find ways to coordinat ...
... In every society at a given time, the quantities of goods and services are limited by the quantity and quality of our factors of production and by our technology. The quantities of goods and services we would like to consume appears to be unlimited. As a result, economies must find ways to coordinat ...
File
... 6. What is meant by marginal rate of transformation? In order to produce more X, we must sacrifice some Y, i.e., Y’s can be transformed into X’s. The rate at which one product is transformed into another is called marginal rate of transformation. 7. What is meant by micro economics? Micro economics ...
... 6. What is meant by marginal rate of transformation? In order to produce more X, we must sacrifice some Y, i.e., Y’s can be transformed into X’s. The rate at which one product is transformed into another is called marginal rate of transformation. 7. What is meant by micro economics? Micro economics ...
Employment, Wage and Union`s Participation in China
... ▲Example: Union’s participation in the policy-making and enforcement of minimum wage system ●In early 1990s, ACFTU had a series of studies on wage issues and was the first to suggest the Chinese People’s Congress (NPC) to adopt a law on minimum wage. ●In 1993，the former Ministry of Labor issued the ...
... ▲Example: Union’s participation in the policy-making and enforcement of minimum wage system ●In early 1990s, ACFTU had a series of studies on wage issues and was the first to suggest the Chinese People’s Congress (NPC) to adopt a law on minimum wage. ●In 1993，the former Ministry of Labor issued the ...
Heckscher-Ohlin model/Panagariya
... terms of a commodity equals the marginal product of labor in that commodity. This purchasing power rises or falls as the marginal product of labor in the product rises or falls. A similar relationship applies to land: the purchasing power of rental income in terms of a good rises or falls as the mar ...
... terms of a commodity equals the marginal product of labor in that commodity. This purchasing power rises or falls as the marginal product of labor in the product rises or falls. A similar relationship applies to land: the purchasing power of rental income in terms of a good rises or falls as the mar ...
Economic 157b - Yale University
... 3. Q theory of investment Idea here is that investment is determined by relationship between the value of firms or houses and the cost of new or replacement capital. Keynes: “The daily revaluations of the Stock Exchange, though they are primarily made to facilitate transfers of old investments betw ...
... 3. Q theory of investment Idea here is that investment is determined by relationship between the value of firms or houses and the cost of new or replacement capital. Keynes: “The daily revaluations of the Stock Exchange, though they are primarily made to facilitate transfers of old investments betw ...
Regional Income Disparity in China in 1997-2008:
... and the inflow of huge amounts of foreign direct investment since the reform and opening up of China. However, China’s transition to a market-based economy has created new problems: large regional disparity in per capita income between coastal and interior provinces. In 2008, average real per capita ...
... and the inflow of huge amounts of foreign direct investment since the reform and opening up of China. However, China’s transition to a market-based economy has created new problems: large regional disparity in per capita income between coastal and interior provinces. In 2008, average real per capita ...
AP Macro - Sect. 7 PP no bkgd
... other countries Human Capital The knowledge and experience of the worker - improves labor productivity ...
... other countries Human Capital The knowledge and experience of the worker - improves labor productivity ...
Assignment 1
... We can solve for output Y y L 148.54 10.3 billion 1.53 trillion Note a 3% rise in the labor rate results in a 2% rise in output. According to the production function the elasticity of output with respect to labor is 2/3. c. Assume instead that Taiwan can rent capital at a constant rate of R ...
... We can solve for output Y y L 148.54 10.3 billion 1.53 trillion Note a 3% rise in the labor rate results in a 2% rise in output. According to the production function the elasticity of output with respect to labor is 2/3. c. Assume instead that Taiwan can rent capital at a constant rate of R ...