Energy-1109111 - Insurance Information Institute
... Growth projections for 2011 and 2012 have been revised downward as austerity measures take effect and concerns related to sovereign debt worsen Sources: Blue Chip Economic Indicators (10/2011 issue); Insurance Information Institute. ...
... Growth projections for 2011 and 2012 have been revised downward as austerity measures take effect and concerns related to sovereign debt worsen Sources: Blue Chip Economic Indicators (10/2011 issue); Insurance Information Institute. ...
EPS Session2 2013 (1)
... for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wisdom nor our learning neit ...
... for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wisdom nor our learning neit ...
International Flow of Goods and Services Page 1 of 3
... So in an open economy what you get is a flatter aggregate expenditure line, because the more people are inclined to import, the less domestic production needs to be done to keep up with demand. This then raises the question of the multiplier. What is the multiplier like in an economy with imports? W ...
... So in an open economy what you get is a flatter aggregate expenditure line, because the more people are inclined to import, the less domestic production needs to be done to keep up with demand. This then raises the question of the multiplier. What is the multiplier like in an economy with imports? W ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Conference on Business Cycles
... we shall have to lower our standards of scientific rigor quite a bit and indulge in a considerable amount of theorizing, speculation, and guessing in order to be able to say anything at all! We shall have, first, to clarify what exactly we mean, by 'business cycle'. ...
... we shall have to lower our standards of scientific rigor quite a bit and indulge in a considerable amount of theorizing, speculation, and guessing in order to be able to say anything at all! We shall have, first, to clarify what exactly we mean, by 'business cycle'. ...
the secret history of the industrial revolution
... England compared to the rest of Western Europe. This population growth combined with rapid productivity growth in small parts of the English economy spurred rapid structural change and urbanization. Similar events had occurred on a smaller scale in Europe in the years before. The arguments of the p ...
... England compared to the rest of Western Europe. This population growth combined with rapid productivity growth in small parts of the English economy spurred rapid structural change and urbanization. Similar events had occurred on a smaller scale in Europe in the years before. The arguments of the p ...
The Environment and Natural Resources
... the Philippines, given that its impacts are felt not only in the uplands but also very widely in the lowlands.6 Agriculture and Croplands Agriculture remains the single largest sector and employer in the Philippine economy (see Balisacan and Hill, Chapter 1, and David, Chapter 6). Well over half the ...
... the Philippines, given that its impacts are felt not only in the uplands but also very widely in the lowlands.6 Agriculture and Croplands Agriculture remains the single largest sector and employer in the Philippine economy (see Balisacan and Hill, Chapter 1, and David, Chapter 6). Well over half the ...
The Economics of Natural Disasters
... and possessions as well as lives. Estimates of damage to structures—homes, businesses, public buildings—from the Haitian earthquake exceed that country’s annual GDP. Damage from Chile’s earthquake was roughly twice that in dollar terms, although only about 10 to 15% of that country’s much larger GDP ...
... and possessions as well as lives. Estimates of damage to structures—homes, businesses, public buildings—from the Haitian earthquake exceed that country’s annual GDP. Damage from Chile’s earthquake was roughly twice that in dollar terms, although only about 10 to 15% of that country’s much larger GDP ...
MEASURING THE IMPACT OF FOREIGN CAPITAL FLOWS IN THE
... under fire, while concerns regarding drugs and corruption was featured in the media. The 1991 recession only serve to exacerbate an already difficult environment as the decline in the tourism product, due in large measure to reduced arrivals from North America, forced the postponement of much needed ...
... under fire, while concerns regarding drugs and corruption was featured in the media. The 1991 recession only serve to exacerbate an already difficult environment as the decline in the tourism product, due in large measure to reduced arrivals from North America, forced the postponement of much needed ...
Baylor University
... otherwise would have been. This would shift the LRAS curve to the left as well as shifting the SRAS curve upward.) To make this applicable to the "real world," we need to superimpose the LRAS and SRAS shifts on top of the long-run trends described in points 8 and 9 above. 18. When a supply shock shi ...
... otherwise would have been. This would shift the LRAS curve to the left as well as shifting the SRAS curve upward.) To make this applicable to the "real world," we need to superimpose the LRAS and SRAS shifts on top of the long-run trends described in points 8 and 9 above. 18. When a supply shock shi ...
secret2001
... England compared to the rest of Western Europe. This population growth combined with rapid productivity growth in small parts of the English economy spurred rapid structural change and urbanization. Similar events had occurred on a smaller scale in Europe in the years before. The arguments of the p ...
... England compared to the rest of Western Europe. This population growth combined with rapid productivity growth in small parts of the English economy spurred rapid structural change and urbanization. Similar events had occurred on a smaller scale in Europe in the years before. The arguments of the p ...
Is Slow Growth the New Normal for Canada?
... Many economists believe that low GDP growth of 1.5% to 2.0% is the New Normal. This paper argues that the notion of a New Normal of slow economic growth is an idea that follows the pattern of extrapolating growth patterns during slowdowns too far into the future, at least for North America. The argu ...
... Many economists believe that low GDP growth of 1.5% to 2.0% is the New Normal. This paper argues that the notion of a New Normal of slow economic growth is an idea that follows the pattern of extrapolating growth patterns during slowdowns too far into the future, at least for North America. The argu ...
Business Perceptions and Transition to Democracy in Chile
... variables but also their interpretation of social processes as well as political institutions, policies, and programs that influence their understanding of their economic opportunities and risks. Chile is unique in Latin America for its long, relatively uninterrupted tradition of democracy, for havi ...
... variables but also their interpretation of social processes as well as political institutions, policies, and programs that influence their understanding of their economic opportunities and risks. Chile is unique in Latin America for its long, relatively uninterrupted tradition of democracy, for havi ...
Coordination of Economic and Employment Policies
... The state set the rules and also acted as an anti-cyclical employer –It ended with contradictions and limited sustained growth ...
... The state set the rules and also acted as an anti-cyclical employer –It ended with contradictions and limited sustained growth ...
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).