UK inflation in the 1970s and 1980s: the role of
... Rather, the problem was that official measures of the output gap were only belatedly revised in response to the slowing in US productivity growth that began in the late 1960s.(2) Consequently, ‘real-time’ measures of the output gap in the 1970s appeared to support the view that output was well below ...
... Rather, the problem was that official measures of the output gap were only belatedly revised in response to the slowing in US productivity growth that began in the late 1960s.(2) Consequently, ‘real-time’ measures of the output gap in the 1970s appeared to support the view that output was well below ...
Principles of Economics, Case and Fair,9e
... decision-making units—firms and households. macroeconomics Deals with the economy as a whole. Macroeconomics focuses on the determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices ...
... decision-making units—firms and households. macroeconomics Deals with the economy as a whole. Macroeconomics focuses on the determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices ...
Foreign Direct Investment in Developing Countries
... Miss Carmen Baeriswyl and Miss Uschi Anthamatten who contributed substantially at different stages of writing up this dissertation to improve its form, but also its content. However, the responsibility of all imperfections of form and content, the literary style in the main, remain of course mine. I ...
... Miss Carmen Baeriswyl and Miss Uschi Anthamatten who contributed substantially at different stages of writing up this dissertation to improve its form, but also its content. However, the responsibility of all imperfections of form and content, the literary style in the main, remain of course mine. I ...
Inflation and Economic Growth in India – An Empirical Analysis
... Based on cross-country and panel regression, several studies have demonstrated in recent years, that there is negative correlation between inflation and growth in the long run due to the influence of the former on reducing investment and productivity growth. There is yet another set of studies (Brun ...
... Based on cross-country and panel regression, several studies have demonstrated in recent years, that there is negative correlation between inflation and growth in the long run due to the influence of the former on reducing investment and productivity growth. There is yet another set of studies (Brun ...
Chapter 9 - Cengage Learning
... some of the current rise in their income for future use. This is achieved through investment. By increasing the period 2 capital stock, they can increase future income which funds higher future consumption. This consumption smoothing behaviour acts as the propagation mechanism which can turn tempora ...
... some of the current rise in their income for future use. This is achieved through investment. By increasing the period 2 capital stock, they can increase future income which funds higher future consumption. This consumption smoothing behaviour acts as the propagation mechanism which can turn tempora ...
Tourism as a factor of development
... connect regions and ease delivery of goods. This idea is also supported by Hernández [2] who states that new investments used for building up tourism favour regional economy. This can be observed by means of creating jobs and generating income during this construction phase. Although the nature of j ...
... connect regions and ease delivery of goods. This idea is also supported by Hernández [2] who states that new investments used for building up tourism favour regional economy. This can be observed by means of creating jobs and generating income during this construction phase. Although the nature of j ...
Chapter 3 A R :
... 3.10 Over the longer period, the lower average annual growth of plan expenditure is apparent. The average annual growth of Plan expenditure at 10.19 per cent during 1985-2002 was significantly lower than the Non-plan expenditure growth of 13.88 per cent during the same period. There was, however, so ...
... 3.10 Over the longer period, the lower average annual growth of plan expenditure is apparent. The average annual growth of Plan expenditure at 10.19 per cent during 1985-2002 was significantly lower than the Non-plan expenditure growth of 13.88 per cent during the same period. There was, however, so ...
Présentation sur fond blanc
... be modified without prior notice. Additional information is available upon request. The information contained in this document is disclosed to you on a confidential basis and you agree it shall not be copied, reproduced, or distributed to a third party without our prior written approval. The informa ...
... be modified without prior notice. Additional information is available upon request. The information contained in this document is disclosed to you on a confidential basis and you agree it shall not be copied, reproduced, or distributed to a third party without our prior written approval. The informa ...
Press Release - KOF Index of Globalization
... and the Asian and Pacific regions recorded a rise. The Netherlands are at the top of the Index. Switzerland is occupying the fifth rank. A number of key developments determined the trend in 2013: The gradual recovery of the global economy continued. In the USA, signs indicated an imminent normalisat ...
... and the Asian and Pacific regions recorded a rise. The Netherlands are at the top of the Index. Switzerland is occupying the fifth rank. A number of key developments determined the trend in 2013: The gradual recovery of the global economy continued. In the USA, signs indicated an imminent normalisat ...
91219 The Economic Impact of the 2014 Ebola Epidemic:
... Although the outbreak originated in rural Guinea, it has hit hardest in Liberia and Sierra Leone, in part because it has reached urban areas in these two countries, a factor that distinguishes this outbreak from previous episodes elsewhere. As of October 3, 2014, there had been 3,431 recorded deaths ...
... Although the outbreak originated in rural Guinea, it has hit hardest in Liberia and Sierra Leone, in part because it has reached urban areas in these two countries, a factor that distinguishes this outbreak from previous episodes elsewhere. As of October 3, 2014, there had been 3,431 recorded deaths ...
The Worldwide Shift of FDI to Services- How does it... Asia? New Evidence from Seventeen Asian Economies.
... Emerging market and developing economies have been competing in attracting foreign direct investment (FDI) because of its perceived positive productivity spillovers on receiving countries. For many developing countries FDI stands as the most important foreign source of financing as well. However, th ...
... Emerging market and developing economies have been competing in attracting foreign direct investment (FDI) because of its perceived positive productivity spillovers on receiving countries. For many developing countries FDI stands as the most important foreign source of financing as well. However, th ...
- faculty of economics and management
... after the cyclones and results in negative balance of payment. He said that fall in income, consumption, savings and investments as a result of natural disaster, negatively affect the real GDP of the country. Skidmore & Toya (2006) examine the degree to which the human and capital losses from natura ...
... after the cyclones and results in negative balance of payment. He said that fall in income, consumption, savings and investments as a result of natural disaster, negatively affect the real GDP of the country. Skidmore & Toya (2006) examine the degree to which the human and capital losses from natura ...
Urban World: Cities and the Rise of the Consuming Class (2012)
... The urbanization of the world continues apace and is one bright spot in an otherwise challenging global economic environment. The shift in economic balance toward the East and South is happening with unprecedented speed and scale. We are quite simply witnessing the biggest economic transformation th ...
... The urbanization of the world continues apace and is one bright spot in an otherwise challenging global economic environment. The shift in economic balance toward the East and South is happening with unprecedented speed and scale. We are quite simply witnessing the biggest economic transformation th ...
OECD Compendium of Productivity Indicators 2006
... available at the OECD, along with brief information on their interpretation and methodology. In one way or another, the various measures relate to the broader objectives of productivity measurement, tracing technology, technical change and efficiency in the economy, in an industry or in a sector. Mo ...
... available at the OECD, along with brief information on their interpretation and methodology. In one way or another, the various measures relate to the broader objectives of productivity measurement, tracing technology, technical change and efficiency in the economy, in an industry or in a sector. Mo ...
Problem Statement - Caribbean Development Bank
... social and economic development between Guyana and Barbados. Drawing on the colonial history and geography of both countries, DaCosta found that the main antecedents of Guyana’s economic crisis and the consequent marked divergence in economic outcomes relative to Barbados were governance and institu ...
... social and economic development between Guyana and Barbados. Drawing on the colonial history and geography of both countries, DaCosta found that the main antecedents of Guyana’s economic crisis and the consequent marked divergence in economic outcomes relative to Barbados were governance and institu ...
... The annual Economic and Social Survey of Asia and the Pacific is an important medium for disseminating information on development performance and policies. This fiftieth issue assumes particular importance as it coincides with the fiftieth anniversary of the founding of ESCAP. During the past half-c ...
The Interaction between Household and Firm Dynamics and the
... cost of capital, and because there is an anticipated upward trend in the price level following the initial decrease, which means that new …rms expect that it will be easier to repay their long-term debt. In the third exercise, we simulate the transition dynamics following simultaneous shocks to hou ...
... cost of capital, and because there is an anticipated upward trend in the price level following the initial decrease, which means that new …rms expect that it will be easier to repay their long-term debt. In the third exercise, we simulate the transition dynamics following simultaneous shocks to hou ...
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).