Asia Pacific: the dragons rise anew
... the dragons rise anew | 14 November 2016 | Property Research | Colliers International ...
... the dragons rise anew | 14 November 2016 | Property Research | Colliers International ...
Euro area sectoral value added growth and the Purchasing
... growth is comparatively erratic, in part because of its sensitivity to weather conditions. Looking at the PMI indices as a tracker for current sectoral value added growth, the performance of construction PMI output is, albeit significantly informative, comparatively poor compared with manufacturing ...
... growth is comparatively erratic, in part because of its sensitivity to weather conditions. Looking at the PMI indices as a tracker for current sectoral value added growth, the performance of construction PMI output is, albeit significantly informative, comparatively poor compared with manufacturing ...
ECONOMIC OUTLOOK
... again and hit around USD 50 recently. Core inflation, which excludes volatile components (food and energy), has not moved much of late, however. It was running at an average of 1.1 percent in April and May, having reached 1.3 percent in the first quarter. Consumer prices have remained largely unchan ...
... again and hit around USD 50 recently. Core inflation, which excludes volatile components (food and energy), has not moved much of late, however. It was running at an average of 1.1 percent in April and May, having reached 1.3 percent in the first quarter. Consumer prices have remained largely unchan ...
Ms Habibi"s Textbook (Chapter 1)
... 1) Households own the resources (factors of production), _________, _________, _________ and __________. These resources are channeled into firms. In the following diagram fill in the box that shows factors of production. 2) In return for their factors of production, households receive income. Incom ...
... 1) Households own the resources (factors of production), _________, _________, _________ and __________. These resources are channeled into firms. In the following diagram fill in the box that shows factors of production. 2) In return for their factors of production, households receive income. Incom ...
Facts and Challenges from the Great Recession for Forecasting and
... real GDP, real income, employment, industrial production, and wholesale–retail sales that spreads across the country. Note that no reference is made to money and credit markets, and only domestic economic conditions are considered. In empirical work, a recession has also been defined as two consecut ...
... real GDP, real income, employment, industrial production, and wholesale–retail sales that spreads across the country. Note that no reference is made to money and credit markets, and only domestic economic conditions are considered. In empirical work, a recession has also been defined as two consecut ...
Concept note
... programs with little involvement of the opposition. With the President’s prerogative on nomination of the heads of all key institutions in the public sector and the judiciary as well as provincial governors, and an informal system that ensures that only people with party membership get appointed to ...
... programs with little involvement of the opposition. With the President’s prerogative on nomination of the heads of all key institutions in the public sector and the judiciary as well as provincial governors, and an informal system that ensures that only people with party membership get appointed to ...
Economics Clarifications
... When economists refer to cost/benefit analysis, they mean comparing what one gains and what one gives up when making a choice. The term that describes this process is tradeoff. What is given up is an opportunity cost. Gains and losses are not only monetary, but also have psychological components bas ...
... When economists refer to cost/benefit analysis, they mean comparing what one gains and what one gives up when making a choice. The term that describes this process is tradeoff. What is given up is an opportunity cost. Gains and losses are not only monetary, but also have psychological components bas ...
SOURCES OF ERROR IN STATE REVENUE FORECASTS OR
... The forecast report contained a note of caution, however. It warned that “After several years of forecasts more cautious than most, (the state’s national forecasting service’s) new national model projects stronger than consensus growth through 2003”(Minnesota Department of Finance, 2000, p. 5). The ...
... The forecast report contained a note of caution, however. It warned that “After several years of forecasts more cautious than most, (the state’s national forecasting service’s) new national model projects stronger than consensus growth through 2003”(Minnesota Department of Finance, 2000, p. 5). The ...
A theory of capabilities for productive transformation: Learning
... countries, although technological upgrading and diversification within agriculture are also important to support productive transformation. In contrast, in higher-income countries with rapid long-term growth, manufacturing has served as an engine for productivity growth, but not for job creation; he ...
... countries, although technological upgrading and diversification within agriculture are also important to support productive transformation. In contrast, in higher-income countries with rapid long-term growth, manufacturing has served as an engine for productivity growth, but not for job creation; he ...
Comparative Economic Structure and Performance in Taiwan and
... In both economies, the goods producing industries, which consist mainly manufacturing industries, accounted for about one-third, and services producing industries accounted for two-thirds of their GDPs in 2003. did not start out from the same position, however. ...
... In both economies, the goods producing industries, which consist mainly manufacturing industries, accounted for about one-third, and services producing industries accounted for two-thirds of their GDPs in 2003. did not start out from the same position, however. ...
Climate and Scale in Economic Growth
... on world markets, rather than by their home-market conditions. At the same time countries whose factor endowments have grown little beyond farmland and unskilled labor may have less use for world-market technologies, if those techniques are not useful for their land and their labor. As found by Bern ...
... on world markets, rather than by their home-market conditions. At the same time countries whose factor endowments have grown little beyond farmland and unskilled labor may have less use for world-market technologies, if those techniques are not useful for their land and their labor. As found by Bern ...
An assessment of the dynamics between the permanent and transitory components
... of the impact that a one-percentage-point change in unemployment would have on the output growth rate. However, from a Keynesian perspective, unemployment depends on goods market conditions. In other words, unemployment is the dependent variable while output is the independent one.6 In the past, eco ...
... of the impact that a one-percentage-point change in unemployment would have on the output growth rate. However, from a Keynesian perspective, unemployment depends on goods market conditions. In other words, unemployment is the dependent variable while output is the independent one.6 In the past, eco ...
Entrepreneurship, Firm Size and the Structure of the Italian Economy
... this handicap, since World War II, Italy‟s economic growth has been the highest in the world surpassing the average growth rate of Japan and equal that of Germany. Thus the major concern of this article is to examine why small and medium-sized firms have done so well in the framework of the Italian ...
... this handicap, since World War II, Italy‟s economic growth has been the highest in the world surpassing the average growth rate of Japan and equal that of Germany. Thus the major concern of this article is to examine why small and medium-sized firms have done so well in the framework of the Italian ...
The Troika Process: Economic Models and
... above 4 percent and the core CPI inflation rate running at just over 2 percent. Whether a 4 percent level of the unemployment rate would be sustainable (e.g., the NAIRU level) is another issue. ...
... above 4 percent and the core CPI inflation rate running at just over 2 percent. Whether a 4 percent level of the unemployment rate would be sustainable (e.g., the NAIRU level) is another issue. ...
The World in 2050 Will the shift in global economic power
... Figure 2 shows projected average annual real GDP growth rates for the BRICs, the US, the UK, the EU and the world over the period to 2020 and in the following three decades. Our model suggests that growth in emerging economies, particularly China but also to a lesser degree India, could moderate aft ...
... Figure 2 shows projected average annual real GDP growth rates for the BRICs, the US, the UK, the EU and the world over the period to 2020 and in the following three decades. Our model suggests that growth in emerging economies, particularly China but also to a lesser degree India, could moderate aft ...
Unemployment and Labor Force Participation
... • discouraged workers : workers that have given up looking for work who would still like to have a job. • account for 0.3% of the labor force. • For long recessions the number of discouraged workers will be higher. – Implication: In recessions that last a long time, the unemployment rate is not as g ...
... • discouraged workers : workers that have given up looking for work who would still like to have a job. • account for 0.3% of the labor force. • For long recessions the number of discouraged workers will be higher. – Implication: In recessions that last a long time, the unemployment rate is not as g ...
The World in 2050 Will the shift in global economic power continue?
... Figure 2 shows projected average annual real GDP growth rates for the BRICs, the US, the UK, the EU and the world over the period to 2020 and in the following three decades. Our model suggests that growth in emerging economies, particularly China but also to a lesser degree India, could moderate aft ...
... Figure 2 shows projected average annual real GDP growth rates for the BRICs, the US, the UK, the EU and the world over the period to 2020 and in the following three decades. Our model suggests that growth in emerging economies, particularly China but also to a lesser degree India, could moderate aft ...
Transformation in economics
Transformation in economics refers to a long-term change in dominant economic activity in terms of prevailing relative engagement or employment of able individuals.Human economic systems undergo a number of deviations and departures from the ""normal"" state, trend or development. Among them are Disturbance (short-term disruption, temporary disorder), Perturbation (persistent or repeated divergence, predicament, decline or crisis), Deformation (damage, regime change, loss of self-sustainability, distortion), Transformation (long-term change, restructuring, conversion, new “normal”) and Renewal (rebirth, transmutation, corso-ricorso, renaissance, new beginning).Transformation is a unidirectional and irreversible change in dominant human economic activity (economic sector). Such change is driven by slower or faster continuous improvement in sector productivity growth rate. Productivity growth itself is fueled by advances in technology, inflow of useful innovations, accumulated practical knowledge and experience, levels of education, viability of institutions, quality of decision making and organized human effort. Individual sector transformations are the outcomes of human socio-economic evolution.Human economic activity has so far undergone at least four fundamental transformations:From nomadic hunting and gathering (H/G) to localized agricultureFrom localized agriculture (A) to internationalized industryFrom international industry (I) to global servicesFrom global services (S) to public sector (including government, welfare and unemployment, GWU)This evolution naturally proceeds from securing necessary food, through producing useful things, to providing helpful services, both private and public (See H/G→A→I→S→GWU sequence in Fig. 1). Accelerating productivity growth rates speed up the transformations, from millennia, through centuries, to decades of the recent era. It is this acceleration which makes transformation relevant economic category of today, more fundamental in its impact than any recession, crisis or depression. The evolution of four forms of capital (Indicated in Fig. 1) accompanies all economic transformations.Transformation is quite different from accompanying cyclical recessions and crises, despite the similarity of manifested phenomena (unemployment, technology shifts, socio-political discontent, bankruptcies, etc.). However, the tools and interventions used to combat crisis are clearly ineffective for coping with non-cyclical transformations. The problem is whether we face a mere crisis or a fundamental transformation (globalization→relocalization).