Does Economic Growth Reduce the Mortality Rate?
... highest levels of real income and basic earnings go up. The tax contributions go up and Governments can make investments in the research and development projects which can prove milestones in providing effective treatments, drugs etc. to different kinds of diseases which surely will enhance the life ...
... highest levels of real income and basic earnings go up. The tax contributions go up and Governments can make investments in the research and development projects which can prove milestones in providing effective treatments, drugs etc. to different kinds of diseases which surely will enhance the life ...
Ghana’s Economy at Half Century: By
... macroeconomic targets’ were met, namely real GDP growth and gross international reserves. The targets set for the domestic primary balance, inflation and the overall budget deficit were not achieved. But more important is the fact, that to a very large extent the performance is still driven largely ...
... macroeconomic targets’ were met, namely real GDP growth and gross international reserves. The targets set for the domestic primary balance, inflation and the overall budget deficit were not achieved. But more important is the fact, that to a very large extent the performance is still driven largely ...
Basic discussion on the USSR economies
... interact with each other. It is complex because the state has to plan for everything. Consider a simple case, the students of GSU suddenly become health-conscious and start dinking Minute Maid orange juice instead of Coca-Cola soft drinks, note that both products are produced by the same company. I ...
... interact with each other. It is complex because the state has to plan for everything. Consider a simple case, the students of GSU suddenly become health-conscious and start dinking Minute Maid orange juice instead of Coca-Cola soft drinks, note that both products are produced by the same company. I ...
“Emerging Economies: Now and Next” Tan Teng Boo
... sector including foreign investment, and a restructuring of the role of government. • The need for policy shift had become evident much earlier, as many countries in East Asia, especially China, achieved high growth and poverty reduction through policies which emphasised greater export orientat ...
... sector including foreign investment, and a restructuring of the role of government. • The need for policy shift had become evident much earlier, as many countries in East Asia, especially China, achieved high growth and poverty reduction through policies which emphasised greater export orientat ...
NCEA Level 2 Economics (91224) 2013 Assessment Schedule
... (i) Explanation in detail that farmers may suffer due to increased costs of production, which will reduce profits and hence they may have to cut back on production or lay off workers, AND/OR explanation in detail that farmers may benefit, as New Zealand’s improved international reputation may result ...
... (i) Explanation in detail that farmers may suffer due to increased costs of production, which will reduce profits and hence they may have to cut back on production or lay off workers, AND/OR explanation in detail that farmers may benefit, as New Zealand’s improved international reputation may result ...
Reaction Functions in a Small Open Economy: What Role for Non
... services that are imported or that are in competition with foreign goods, either in domestic or foreign markets. The non-tradable sector comprises all those goods that do not face foreign competition. ...
... services that are imported or that are in competition with foreign goods, either in domestic or foreign markets. The non-tradable sector comprises all those goods that do not face foreign competition. ...
20120403 Principles of Macroeconomics Lecture 1
... failure is one of promise-keeping on the part of the government. As the late Milton Friedman put it, for the government to spend is for the government to tax. Whenever the government spends, it is also promising explicitly or implicitly to tax somebody, either in the present or the future, either di ...
... failure is one of promise-keeping on the part of the government. As the late Milton Friedman put it, for the government to spend is for the government to tax. Whenever the government spends, it is also promising explicitly or implicitly to tax somebody, either in the present or the future, either di ...
ILO Strategy for North Africa, 2011–2015
... Despite the North African sub-region1 having witnessed considerable progress in some human development indicators in recent years, challenges mainly relating to inequality and exclusion remain. Gender discrimination, considerable local differences in economic development within countries, and unequa ...
... Despite the North African sub-region1 having witnessed considerable progress in some human development indicators in recent years, challenges mainly relating to inequality and exclusion remain. Gender discrimination, considerable local differences in economic development within countries, and unequa ...
Growth Accelerations: A Comment
... framework is questionable as it assumes that a single linear model is appropriate for all countries at all times (De Haan, 2007). Very few countries have experienced consistently constant growth rates over time. Pritchett (2000) documents, for instance, that the variation in growth rates within coun ...
... framework is questionable as it assumes that a single linear model is appropriate for all countries at all times (De Haan, 2007). Very few countries have experienced consistently constant growth rates over time. Pritchett (2000) documents, for instance, that the variation in growth rates within coun ...
13-Employment a nd Income Creat ion-I
... > the need to replace worn-out productive assets, > interest rates and expectations. A government’s monetary policy can control both of these, as it can go some way towards controlling the general level of consumption through consumer credit and the supply of money. ...
... > the need to replace worn-out productive assets, > interest rates and expectations. A government’s monetary policy can control both of these, as it can go some way towards controlling the general level of consumption through consumer credit and the supply of money. ...
Slide 1
... by 1.5% per year. Each country has a choice: • Choice 1: take a year off from work and have a year-long party. Resume work at the end of the year and continue to enjoy the 1.5% annual increase in income per person for year to come; • Choice 2: spend that year investing in things that increase produc ...
... by 1.5% per year. Each country has a choice: • Choice 1: take a year off from work and have a year-long party. Resume work at the end of the year and continue to enjoy the 1.5% annual increase in income per person for year to come; • Choice 2: spend that year investing in things that increase produc ...
Chapter Twenty Three
... is the dollar value of all final goods and services produced. Final good: a product which is ready to be used by consumers ...
... is the dollar value of all final goods and services produced. Final good: a product which is ready to be used by consumers ...
By Way of Analogy: The Expansion of the Federal Government
... the contraction, the political accident that the party favoring bigger government was out of power when the contraction began, and the unique personalities of Hoover and Roosevelt were among the most important. Moreover, as many historians of the Great Depression have recognized, there was an import ...
... the contraction, the political accident that the party favoring bigger government was out of power when the contraction began, and the unique personalities of Hoover and Roosevelt were among the most important. Moreover, as many historians of the Great Depression have recognized, there was an import ...
SIZE AND IMPLICATION OF UNDERGROUND ECONOMY IN ROMANIA
... This method - taken from the psychometrics science - was applied in the economics (as a latent variable model) by Zellner (1970) and Goldberger (1972) for the first time. The first application of the model in order to estimate the underground economy belongs to Frey and WeckHannemann (1984), which h ...
... This method - taken from the psychometrics science - was applied in the economics (as a latent variable model) by Zellner (1970) and Goldberger (1972) for the first time. The first application of the model in order to estimate the underground economy belongs to Frey and WeckHannemann (1984), which h ...
Mario Pezzini
... – Some regions are catching up (Shanghai 2.3% R&D/GDP), but many will not ….the future appear uncertain However, regions vary greatly in how they innovate and indicators capture only part of this. There is a changing nature of innovation that reinforces the opportunities for dynamics in all regions ...
... – Some regions are catching up (Shanghai 2.3% R&D/GDP), but many will not ….the future appear uncertain However, regions vary greatly in how they innovate and indicators capture only part of this. There is a changing nature of innovation that reinforces the opportunities for dynamics in all regions ...
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).