Prospects for Private Sector – led growth
... Economically active poor to be targeted for emergence from poverty ...
... Economically active poor to be targeted for emergence from poverty ...
For a percentage of GDP, the Turkish government consumption
... Household expenses, and it has another name, a consumer spending, is the amount of money that families spend on goods and services in order to meet their own needs. Purposes It is very important frameworks to check the health of the economy. For example, when consumer spending is on the decline thi ...
... Household expenses, and it has another name, a consumer spending, is the amount of money that families spend on goods and services in order to meet their own needs. Purposes It is very important frameworks to check the health of the economy. For example, when consumer spending is on the decline thi ...
PDF
... the rate of investment and production in the wage-goods and in the key linkage-manufactures (intermediates, capital goods, etc.) simultaneously; and further, by generating an effective demand for the domestic absorption of these goods, the conditions of a more balanced growth path can be created tha ...
... the rate of investment and production in the wage-goods and in the key linkage-manufactures (intermediates, capital goods, etc.) simultaneously; and further, by generating an effective demand for the domestic absorption of these goods, the conditions of a more balanced growth path can be created tha ...
Preview Sample 1
... risen dramatically since the 1950s. Take a homemaker for example who prepared meals and maintained a well kept home. These services are similar to services provided in the marketplace. But, because they are not explicitly traded and paid for, there exists no straightforward way of measuring this pro ...
... risen dramatically since the 1950s. Take a homemaker for example who prepared meals and maintained a well kept home. These services are similar to services provided in the marketplace. But, because they are not explicitly traded and paid for, there exists no straightforward way of measuring this pro ...
Information Technology Intensity, Diffusion, and Job Creation
... Research finds that countries with a greater variety of products in international trade gain more, measured as total factor productivity or as an augmentation to GDP, from using IT than countries that have a more concentrated pattern of international trade in IT that is more associated with being p ...
... Research finds that countries with a greater variety of products in international trade gain more, measured as total factor productivity or as an augmentation to GDP, from using IT than countries that have a more concentrated pattern of international trade in IT that is more associated with being p ...
North Africa Business Forecast Report Q2 2011 Brochure
... country faces large structural economic imbalances, rising food prices, and unrest in bordering countries, but we believe the strength of Libya’s security apparatus and the weakness of the opposition will prevent the ouster of Colonel Muammar Qadhafi. We see healthy rates of growth over the medium t ...
... country faces large structural economic imbalances, rising food prices, and unrest in bordering countries, but we believe the strength of Libya’s security apparatus and the weakness of the opposition will prevent the ouster of Colonel Muammar Qadhafi. We see healthy rates of growth over the medium t ...
EU-enlargement and Economic Outcomes of Identity
... 2. Diffusion of technology and knowledge spillover was effective through FDI inflow rather than import of capital goods. 3. Effect of trade and export expansion on economic growth is not always positive. 4. Effect of FDI on economic growth was remarkable in East and South Asia, compared with East Ce ...
... 2. Diffusion of technology and knowledge spillover was effective through FDI inflow rather than import of capital goods. 3. Effect of trade and export expansion on economic growth is not always positive. 4. Effect of FDI on economic growth was remarkable in East and South Asia, compared with East Ce ...
Thinking Like an Economist
... included to avoid double counting. The measure is an annual flow, a rate of production. A GDP of $10 trillion implies that the economy is producing $10 trillion worth of goods and services per year. GDP measures production by U.S. citizens and foreigners alike inside the geographic borders of th ...
... included to avoid double counting. The measure is an annual flow, a rate of production. A GDP of $10 trillion implies that the economy is producing $10 trillion worth of goods and services per year. GDP measures production by U.S. citizens and foreigners alike inside the geographic borders of th ...
QIC Monthly Economic Brief - January 2014.docx
... International economies Global equity markets retrace on emerging market fears Equity markets started the year on a soft note, with the MSCI World Index (local currency) dropping 3.3 per cent in January, the worst monthly result for developed markets since May 2012. Markets came under pressure as in ...
... International economies Global equity markets retrace on emerging market fears Equity markets started the year on a soft note, with the MSCI World Index (local currency) dropping 3.3 per cent in January, the worst monthly result for developed markets since May 2012. Markets came under pressure as in ...
Chapter 9
... The labor force depends on the population and the labor force participation rate. While the labor force participation rate has increased over the past few decades, it has an upper limit, so most of the growth in the quantity of labor comes from population growth. That is, population growth is the on ...
... The labor force depends on the population and the labor force participation rate. While the labor force participation rate has increased over the past few decades, it has an upper limit, so most of the growth in the quantity of labor comes from population growth. That is, population growth is the on ...
Lecture 9
... Real GDP per person The growth rate of real GDP divided by the population is used to compare growth rates over time and across countries. ...
... Real GDP per person The growth rate of real GDP divided by the population is used to compare growth rates over time and across countries. ...
(GDP)?
... • GDP does not take into account certain economic activities, such as: Nonmarket Activities GDP does not measure goods and services that people make or do themselves, such as caring for children, mowing lawns, or cooking dinner. Negative Externalities Unintended economic side effects, such as pollut ...
... • GDP does not take into account certain economic activities, such as: Nonmarket Activities GDP does not measure goods and services that people make or do themselves, such as caring for children, mowing lawns, or cooking dinner. Negative Externalities Unintended economic side effects, such as pollut ...
Tor Hirst 02.02.2012 Multiple Choice Week Three Tor Hirst 02.02
... government spending exceeds planned tax income. It is used to increase aggregate demand to help push the economy out of recession. Contractionary fiscal policy involves the government planning to run a fiscal surplus in order to decrease the level of aggregate demand in the economy. Governments tend ...
... government spending exceeds planned tax income. It is used to increase aggregate demand to help push the economy out of recession. Contractionary fiscal policy involves the government planning to run a fiscal surplus in order to decrease the level of aggregate demand in the economy. Governments tend ...
Why Countries Succeed and Fail Economically Ray Dalio
... until d) people’s earnings gravitate toward their potential/equilibrium levels, and e) levels of competitiveness and indebtedness change in ways that shift income growth. All else being equal, per capita incomes of countries will tend to converge because, in a competitive world, buyers of goods, se ...
... until d) people’s earnings gravitate toward their potential/equilibrium levels, and e) levels of competitiveness and indebtedness change in ways that shift income growth. All else being equal, per capita incomes of countries will tend to converge because, in a competitive world, buyers of goods, se ...
AP Econ Study Guide
... Demand and GDP will decrease somewhat. (GDP = C+ I + G + X - M ) Remember “M” is a minus to AD / GDP. This is the "net export effect". If government pursues an expansionary fiscal policy of more spending and/or lower taxes, there will not be the full impact that we hoped for, because of this foreign ...
... Demand and GDP will decrease somewhat. (GDP = C+ I + G + X - M ) Remember “M” is a minus to AD / GDP. This is the "net export effect". If government pursues an expansionary fiscal policy of more spending and/or lower taxes, there will not be the full impact that we hoped for, because of this foreign ...
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).