Principles of Economic Growth
... more efficient work force Need to provide primary and secondary education to all, especially females Need to provide tertiary education to a greatly increased number of people Need increased public commitment to education This requires both increased public expenditure on education and proba ...
... more efficient work force Need to provide primary and secondary education to all, especially females Need to provide tertiary education to a greatly increased number of people Need increased public commitment to education This requires both increased public expenditure on education and proba ...
On the construction and first empirical application of the new
... the ENESS model include labor costs by type of labor, capital costs and the costs of intermediate inputs. The sector’s technological constraint describes the production technology of each sector. It provides information on how many of different units of labor, capital and of the 59 commodities, tra ...
... the ENESS model include labor costs by type of labor, capital costs and the costs of intermediate inputs. The sector’s technological constraint describes the production technology of each sector. It provides information on how many of different units of labor, capital and of the 59 commodities, tra ...
... levels. At least in the economic realm (things are different for social issues), American ideological identity these days is primarily shaped by stances on national issues and one’s posture toward the federal government and goings-on in Washington, D.C. Economic policies pursued by states and munici ...
Paper - TRANSED 2012
... Government with participation from the private sector, Churches and Trusts. Formal education is also provided by private schools. Financial support to the sector is provided mainly through GOJ allocations with contributions from the private sector, households (auxiliary fees at the secondary level, ...
... Government with participation from the private sector, Churches and Trusts. Formal education is also provided by private schools. Financial support to the sector is provided mainly through GOJ allocations with contributions from the private sector, households (auxiliary fees at the secondary level, ...
View/Open
... trade (eg, see Perkins 1994). The primary concern of this paper is to offer insights into the dynamics of a countrys progression through the production stages. In so doing, we hope to offer new insights into evolving comparative advantage, using China as an illustration. Chinas astounding trade pe ...
... trade (eg, see Perkins 1994). The primary concern of this paper is to offer insights into the dynamics of a countrys progression through the production stages. In so doing, we hope to offer new insights into evolving comparative advantage, using China as an illustration. Chinas astounding trade pe ...
investigating the impact of unemployment rate on the romanian
... Shadow economy is a controversial topic that has aroused the interest of the specialists since the 60’s, when the phenomenon took a great extent. Formulated in the literature under various names, the shadow economy exists to a larger or less extent in all countries, regardless of their level of deve ...
... Shadow economy is a controversial topic that has aroused the interest of the specialists since the 60’s, when the phenomenon took a great extent. Formulated in the literature under various names, the shadow economy exists to a larger or less extent in all countries, regardless of their level of deve ...
Economic Growth II: Technology, Empirics, and
... If you travel around the world, you will see tremendous variation in living standards. The world’s poor countries have average levels of income per person that are less than one-tenth the average levels in the world’s rich countries. These differences in income are reflected in almost every measure ...
... If you travel around the world, you will see tremendous variation in living standards. The world’s poor countries have average levels of income per person that are less than one-tenth the average levels in the world’s rich countries. These differences in income are reflected in almost every measure ...
From Good to Great: Nurturing Small Business Growth in British
... reported employment growth is occurring in one-person “businesses,” most of which aren’t likely to expand (if they survive). An unknown but probably sizable portion of this growth reflects an actual or perceived lack of suitable paid employment opportunities for the nascent “entrepreneurs.” This tre ...
... reported employment growth is occurring in one-person “businesses,” most of which aren’t likely to expand (if they survive). An unknown but probably sizable portion of this growth reflects an actual or perceived lack of suitable paid employment opportunities for the nascent “entrepreneurs.” This tre ...
1 - Whitman People
... In 1981, President Reagan cut tax rates for individuals and for businesses. Explain why this was an example of a supply-side policy. This could have been classified as a fiscal policy, but fiscal policies, in fact, focus on adjusting aggregate demand. The tax rate changes, as noted in the text, were ...
... In 1981, President Reagan cut tax rates for individuals and for businesses. Explain why this was an example of a supply-side policy. This could have been classified as a fiscal policy, but fiscal policies, in fact, focus on adjusting aggregate demand. The tax rate changes, as noted in the text, were ...
Chapter 2: Economic Growth in the Twentieth
... in the production of goods and services (and therefore growth in the standard of living) in human experience. For the United States, the standard of living of the average person is now many times greater than it was a century ago. In this chapter, we will examine this experience is greater detail. F ...
... in the production of goods and services (and therefore growth in the standard of living) in human experience. For the United States, the standard of living of the average person is now many times greater than it was a century ago. In this chapter, we will examine this experience is greater detail. F ...
Achieving Structural Change in Barbados
... against the upgrade the nation required for further advance – to achieve continuous structural change in Lin’s formulation or as Stglitz would put it, to become a learning society. Two factors seem to have been at work. In the first place, there is little scope for the use of modern technology in th ...
... against the upgrade the nation required for further advance – to achieve continuous structural change in Lin’s formulation or as Stglitz would put it, to become a learning society. Two factors seem to have been at work. In the first place, there is little scope for the use of modern technology in th ...
Economic challenges facing the newly elected Fiji government
... privatisation and corporatisation. It believes that public utilities such as water, electricity, telecommunications and civil aviation facilities must remain in public hands. As a matter of priority the new government has already reversed the reforms instituted in the civil aviation authority of Fij ...
... privatisation and corporatisation. It believes that public utilities such as water, electricity, telecommunications and civil aviation facilities must remain in public hands. As a matter of priority the new government has already reversed the reforms instituted in the civil aviation authority of Fij ...
Exploring Economic and Social factors that increase Economic and
... traditional economic indicators, and how nontraditional ones can aid in providing a better picture of their economies. This will help them increase economic growth indicators, but at the same time increase the overall well-being of their citizens. ...
... traditional economic indicators, and how nontraditional ones can aid in providing a better picture of their economies. This will help them increase economic growth indicators, but at the same time increase the overall well-being of their citizens. ...
3. Global crisis - University of Nottingham
... • It means fundamental change in relations with the rest of the EU, for sure. • But the nature of the fundamental change depends on the outcome for the eurozone over which Britain has little, if any, influence. • The way I analyse this question is as follows: – The status quo in the eurozone is unte ...
... • It means fundamental change in relations with the rest of the EU, for sure. • But the nature of the fundamental change depends on the outcome for the eurozone over which Britain has little, if any, influence. • The way I analyse this question is as follows: – The status quo in the eurozone is unte ...
III. Fiscal policy and capital formation
... time to use more actively fiscal measures as the means for capital formation and the factor imperative for sustainable development, including higher investments in human capital. ...
... time to use more actively fiscal measures as the means for capital formation and the factor imperative for sustainable development, including higher investments in human capital. ...
The Global Competitiveness Index 2012–2013: Country Profile
... behind that of many other high-innovation countries, although this has been increasing in recent years. Singapore retains its place at 2nd position as a result of an outstanding performance across the entire Index. The country features in the top 3 in seven of the 12 categories of the Index and appe ...
... behind that of many other high-innovation countries, although this has been increasing in recent years. Singapore retains its place at 2nd position as a result of an outstanding performance across the entire Index. The country features in the top 3 in seven of the 12 categories of the Index and appe ...
Modern Macro Economics
... ●long run in macroeconomics The period of time in which prices have fully adjusted to any economic changes. Should economic policy be guided by what we expect to happen in the short run, as Keynes thought, or what we expect to happen in the long run, as Friedman thought? To answer this question, we ...
... ●long run in macroeconomics The period of time in which prices have fully adjusted to any economic changes. Should economic policy be guided by what we expect to happen in the short run, as Keynes thought, or what we expect to happen in the long run, as Friedman thought? To answer this question, we ...
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).