intersession 2015 - Portal
... governors, monetary policy, and the impact of the Fed on the national economy. ...
... governors, monetary policy, and the impact of the Fed on the national economy. ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... This section presents data during three episodes in which the zero bound is presumed by some economists to be important: the U.S. Great Depression, Japan in the 1990s, and the 2008 U.S. recession. In each of these cases I find little support that the zero bound had a strong impact on economic activi ...
... This section presents data during three episodes in which the zero bound is presumed by some economists to be important: the U.S. Great Depression, Japan in the 1990s, and the 2008 U.S. recession. In each of these cases I find little support that the zero bound had a strong impact on economic activi ...
An Empirical Analysis of the Contribution of Mining Sector to
... restiveness in the Niger Delta, the global economic recession among others have combined to force government on the need to diversify the revenue base of the Nigerian economy. Thus in addition to developing other sectors such as agriculture, it is believed that mining sector can also make significan ...
... restiveness in the Niger Delta, the global economic recession among others have combined to force government on the need to diversify the revenue base of the Nigerian economy. Thus in addition to developing other sectors such as agriculture, it is believed that mining sector can also make significan ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... GDP. In September of that year, the exchange rate was devalued and tariffs were raised, in order to induce a switch in expenditure toward domestic goods. At the beginning of 1985, a new macroeconomic policy was implemented. Its aim was to promote a recovery of output and employment through the expor ...
... GDP. In September of that year, the exchange rate was devalued and tariffs were raised, in order to induce a switch in expenditure toward domestic goods. At the beginning of 1985, a new macroeconomic policy was implemented. Its aim was to promote a recovery of output and employment through the expor ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... the relationship between education and wages. Studies of earnings in advanced capitalist economies typically find that each extra year of schooling raises earnings by 5 to 10 percent. These findings are confirmed by Australian studies such as those by Miller, Mulvey, and Martin (1995), who analyze e ...
... the relationship between education and wages. Studies of earnings in advanced capitalist economies typically find that each extra year of schooling raises earnings by 5 to 10 percent. These findings are confirmed by Australian studies such as those by Miller, Mulvey, and Martin (1995), who analyze e ...
PDF
... In the growth accounting approach, the rate of growth in the output (GO) of the dairy or meat processing industry can be expressed as the cost-share (Si , where i = L (labor), K (capital) and OI (other inputs)) weighted sum of the rate of growth (Gi) in inputs plus a residual term measuring growth i ...
... In the growth accounting approach, the rate of growth in the output (GO) of the dairy or meat processing industry can be expressed as the cost-share (Si , where i = L (labor), K (capital) and OI (other inputs)) weighted sum of the rate of growth (Gi) in inputs plus a residual term measuring growth i ...
Africa Competitiveness report
... developing economy might have chosen the path of industrialization followed by Asian countries like Taiwan, South Korea, and then China— shedding rural labor, developing industries as a means of building a larger middle-class consumer society, and gaining a greater presence in the global economy—Sou ...
... developing economy might have chosen the path of industrialization followed by Asian countries like Taiwan, South Korea, and then China— shedding rural labor, developing industries as a means of building a larger middle-class consumer society, and gaining a greater presence in the global economy—Sou ...
Output-Employment Relationship across Sectors: A Long
... data used on which we elaborate in the data section. We then switched to specifying a model whereby the activities in the labor market as measured by the employment rate is related to the activities in the goods market as measured by the aggregate output. A number of authors such as Akerlof and Shi ...
... data used on which we elaborate in the data section. We then switched to specifying a model whereby the activities in the labor market as measured by the employment rate is related to the activities in the goods market as measured by the aggregate output. A number of authors such as Akerlof and Shi ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... Chapter Title: Evaluating the Connection between Social Protection and Economic Flexibility Chapter Author: Rebecca M. Blank, Richard B. Freeman ...
... Chapter Title: Evaluating the Connection between Social Protection and Economic Flexibility Chapter Author: Rebecca M. Blank, Richard B. Freeman ...
The Relationship between Regional Economy Growth and Local
... From the short-term perspective, three components of fiscal expenditure are all estimated. As can be seen, the coefficient of infrastructure investment is negatively but not significantly. The investment in infrastructure cannot play a significant crowding-out effect on private capital, thereby econ ...
... From the short-term perspective, three components of fiscal expenditure are all estimated. As can be seen, the coefficient of infrastructure investment is negatively but not significantly. The investment in infrastructure cannot play a significant crowding-out effect on private capital, thereby econ ...
Table 1 - World Bank
... - widened the balance of trade deficit, - restrained the import of essential intermediate and capital goods, - exacerbated the rise of external financing in the form of aid and credit. ...
... - widened the balance of trade deficit, - restrained the import of essential intermediate and capital goods, - exacerbated the rise of external financing in the form of aid and credit. ...
Economic Growth in an Interdependent World Economy1
... explanations: differences in human capital, external benefits in human capital and capital market imperfections. In this paper we elaborate on the first of these explanations by developing a twosector model of a kind first studied by Uzawa [29] and developed more fully by Lucas [17]. Like Uzawa-Lucas ...
... explanations: differences in human capital, external benefits in human capital and capital market imperfections. In this paper we elaborate on the first of these explanations by developing a twosector model of a kind first studied by Uzawa [29] and developed more fully by Lucas [17]. Like Uzawa-Lucas ...
Manufacturing - NatComReport Edition of the National Commissions
... Although an under-developed sector in Ghana, manufacturing is nevertheless an important contributor to the country’s GDP. But the burdens it struggles under are substantial. Hampered by the variability of the agricultural sector on which it is based, Ghana’s industries must also contend with high co ...
... Although an under-developed sector in Ghana, manufacturing is nevertheless an important contributor to the country’s GDP. But the burdens it struggles under are substantial. Hampered by the variability of the agricultural sector on which it is based, Ghana’s industries must also contend with high co ...
Impact of the financial crisis on decentralisation processes
... household income, demand on public services increases and, if these are not given financial support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is mor ...
... household income, demand on public services increases and, if these are not given financial support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is mor ...
Parkin-Bade Chapter 21
... Employment and Unemployment What kind of job market will you enter when you graduate? Those leaving the university in 2010 had a tough time: In May 2009, the number of people in the UK who wanted a job but couldn’t find one past the 2.4 million mark. Usually, unemployment is less than half that num ...
... Employment and Unemployment What kind of job market will you enter when you graduate? Those leaving the university in 2010 had a tough time: In May 2009, the number of people in the UK who wanted a job but couldn’t find one past the 2.4 million mark. Usually, unemployment is less than half that num ...
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).