Mankiw 5/e Chapter 6: Unemployment
... 1981: 213 computers connected to the Internet 2000: 60 million computers connected to the Internet slide 7 ...
... 1981: 213 computers connected to the Internet 2000: 60 million computers connected to the Internet slide 7 ...
Chapter 1: Introduction to the ONS Productivity Handbook
... Changes in labour productivity could occur, for example, because of better or more capital equipment, new technology advances, organisational changes (such as, a new management structure) or increased efficiency. However, such causes cannot be identified from the basic labour productivity time serie ...
... Changes in labour productivity could occur, for example, because of better or more capital equipment, new technology advances, organisational changes (such as, a new management structure) or increased efficiency. However, such causes cannot be identified from the basic labour productivity time serie ...
Chapter 16 PowerPoint
... credit did boost economic growth, but industrial policies in general did not – Critics: It is impossible to know what growth rates would have been without industrial policies ...
... credit did boost economic growth, but industrial policies in general did not – Critics: It is impossible to know what growth rates would have been without industrial policies ...
Research Paper Research Paper - Federal Reserve Bank of Dallas
... This paper presents an analysis of the effects of changes in government purchases in the context of a simple static neoclassical model. I show why there can never be a multiplier in such a model under standard assumptions about tastes and technology when the capital stock is held fixed. The standard ...
... This paper presents an analysis of the effects of changes in government purchases in the context of a simple static neoclassical model. I show why there can never be a multiplier in such a model under standard assumptions about tastes and technology when the capital stock is held fixed. The standard ...
The evolution of markets and the revolution of industry
... industrialization and subsequently falling. The model works as follows. On account of low initial agricultural productivity, the subsistence constraint binds and the economy starts o¤ with most of its population employed in agriculture. Given that so few people live and work in the city and given th ...
... industrialization and subsequently falling. The model works as follows. On account of low initial agricultural productivity, the subsistence constraint binds and the economy starts o¤ with most of its population employed in agriculture. Given that so few people live and work in the city and given th ...
e Eastern Cape Socio-Economic Review and Outlook 2013
... A review of the local economy and an assessment of social conditions cannot be divided. Promoting a vibrant, sustainable and growing economy is the cornerstone for achieving tangible improvements in the standard of living for all. This is particularly relevant in terms of the historical economic and ...
... A review of the local economy and an assessment of social conditions cannot be divided. Promoting a vibrant, sustainable and growing economy is the cornerstone for achieving tangible improvements in the standard of living for all. This is particularly relevant in terms of the historical economic and ...
globex-101616 - Insurance Information Institute
... Flat to modest deceleration in premium growth in 2017 Rate environment suggests flat-to-slightly negative renewals in 2017 Economic growth continues at a very modest pace but unevenly across industries and regions; Nearly full employment and tighter labor market conditions are pluses and shoul ...
... Flat to modest deceleration in premium growth in 2017 Rate environment suggests flat-to-slightly negative renewals in 2017 Economic growth continues at a very modest pace but unevenly across industries and regions; Nearly full employment and tighter labor market conditions are pluses and shoul ...
The US Semiconductor Industry: A Key Contributor to US Economic
... industries together equals total GDP – when one industry’s contribution grows, the total economy grows. Finally, it is important to note that capital expenses are not deducted from gross operating surplus – this means that investments grow GDP as well. For a simple example of value added, see Box 1. ...
... industries together equals total GDP – when one industry’s contribution grows, the total economy grows. Finally, it is important to note that capital expenses are not deducted from gross operating surplus – this means that investments grow GDP as well. For a simple example of value added, see Box 1. ...
2. australia`s linkages with the world
... exports and imports each accounting for around 20 per cent of GDP, and with a history of a very volatile terms of trade, it is perhaps inevitable that economic activity in our major trading partners will have a significant impact on domestic demand and output. Moreover, like many other developed nat ...
... exports and imports each accounting for around 20 per cent of GDP, and with a history of a very volatile terms of trade, it is perhaps inevitable that economic activity in our major trading partners will have a significant impact on domestic demand and output. Moreover, like many other developed nat ...
NBER WORKING PAPER SERIES WHY TRADE CAN HURT
... the distorted good is higher in the distorted economy, it tends to be imported, with adverse consequences on the level and distribution of income. Such factor market distortions have similar effects even when goods are divisible. By modifying the standard trade models, namely the Ricardian, Specific ...
... the distorted good is higher in the distorted economy, it tends to be imported, with adverse consequences on the level and distribution of income. Such factor market distortions have similar effects even when goods are divisible. By modifying the standard trade models, namely the Ricardian, Specific ...
The economic impact of the UK Maritime
... sectors were subtracted from the direct estimate of the ports industry, with the tax figures also adjusted to take account for the lower number of jobs created and industry profits. The results are summarised in Tables 4.1 and 4.2, which compare the direct and total economic impact of each sector in ...
... sectors were subtracted from the direct estimate of the ports industry, with the tax figures also adjusted to take account for the lower number of jobs created and industry profits. The results are summarised in Tables 4.1 and 4.2, which compare the direct and total economic impact of each sector in ...
NBER WORKING PAPER SERIES OF THE CHINESE ECONOMY
... This evidence suggests that intangible capital formation may play an important role in China’s reform-driven transformation to a more market-oriented open economy. The privatization of many state-owned enterprises requires an investment in new organizational capabilities and business models, as doe ...
... This evidence suggests that intangible capital formation may play an important role in China’s reform-driven transformation to a more market-oriented open economy. The privatization of many state-owned enterprises requires an investment in new organizational capabilities and business models, as doe ...
NBER WORKING PAPER SERIES INTERPRETING THE TARIFF-GROWTH CORRELATION Douglas A. Irwin
... countries.1 Average tariffs, calculated by dividing customs revenue by the value of imports, are the most frequently used indicator of trade policy for this period.2 For these core countries, the correlation between tariffs and growth is 0.68, but a causal interpretation of this correlation is quest ...
... countries.1 Average tariffs, calculated by dividing customs revenue by the value of imports, are the most frequently used indicator of trade policy for this period.2 For these core countries, the correlation between tariffs and growth is 0.68, but a causal interpretation of this correlation is quest ...
Network Partners for Capacity Building and Knowledge
... • Given the current shape and size of the South African economy and its relative positioning in the global economy, strategies to address structural inequality will require major shifts in economic policy, charting a direction away from reliance on low wage-labour resource mining towards medium-high ...
... • Given the current shape and size of the South African economy and its relative positioning in the global economy, strategies to address structural inequality will require major shifts in economic policy, charting a direction away from reliance on low wage-labour resource mining towards medium-high ...
click - Yale Economics
... I. Was the Productivity Slowdown of the 1970s an Unusual Event? The first question addressed is whether the productivity slowdown of the 1970s was historically unusual. In other words, were the magnitude and duration of the slowdown something that was frequently seen in the historical record? In an ...
... I. Was the Productivity Slowdown of the 1970s an Unusual Event? The first question addressed is whether the productivity slowdown of the 1970s was historically unusual. In other words, were the magnitude and duration of the slowdown something that was frequently seen in the historical record? In an ...
Toward a Theory of Long Waves
... generally consistent with the evidence . But (like any scientific model) it is in complete, contains anomalies, and will be subject to modifications as it faces th e challenges of new evidence . I will present this theory in stages, beginning with the most central and mos t empirically consistent el ...
... generally consistent with the evidence . But (like any scientific model) it is in complete, contains anomalies, and will be subject to modifications as it faces th e challenges of new evidence . I will present this theory in stages, beginning with the most central and mos t empirically consistent el ...
PDF
... economic implications of Vietnam domestic and trade policy reform (from a centrallyplanned to a market-based economy), thereby requiring the construction of social accounting matrices as the core database. As far as the author is aware, published applications for Lesotho did not exist at the time of ...
... economic implications of Vietnam domestic and trade policy reform (from a centrallyplanned to a market-based economy), thereby requiring the construction of social accounting matrices as the core database. As far as the author is aware, published applications for Lesotho did not exist at the time of ...
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).