KEY - Personal.psu.edu
... Long-term economic expansion is the result of a growing workforce, investment in capital such as technology and buildings, and then combining them in new ways to boost efficiency—an element called “total factor productivity,” a key measure of the economic contribution of innovation. Total factor pro ...
... Long-term economic expansion is the result of a growing workforce, investment in capital such as technology and buildings, and then combining them in new ways to boost efficiency—an element called “total factor productivity,” a key measure of the economic contribution of innovation. Total factor pro ...
Overview: Global Economic Developments and Ghana`s Economic
... The developed world has been particularly vulnerable, with the 2013 unemployment rate, for instance, averaging 8.6% in developed countries and in the EU, well above the pre-crisis level of 5.8% in 2007 (ILO, 2015). ILO (2015) projects the incidence of vulnerable employment in emerging and developing ...
... The developed world has been particularly vulnerable, with the 2013 unemployment rate, for instance, averaging 8.6% in developed countries and in the EU, well above the pre-crisis level of 5.8% in 2007 (ILO, 2015). ILO (2015) projects the incidence of vulnerable employment in emerging and developing ...
KLSE Vol - Bursa Market Place
... months. An analysis of available Malaysia PMI data beginning July 2012 shows Malaysia PMI having a positive correlation with manufacturing output growth and manufactured goods export growth. ...
... months. An analysis of available Malaysia PMI data beginning July 2012 shows Malaysia PMI having a positive correlation with manufacturing output growth and manufactured goods export growth. ...
ON THE NATURE AND
... This process of Schumpeterian creative destruction is often accompanied —and is made possible— by a “corrective war” and replacement of the old hegemon with a new one. Thus, Arrighi maintains that the ascendancy of finance over industry is not a new stage of capitalism, but is a recurrent phenomeno ...
... This process of Schumpeterian creative destruction is often accompanied —and is made possible— by a “corrective war” and replacement of the old hegemon with a new one. Thus, Arrighi maintains that the ascendancy of finance over industry is not a new stage of capitalism, but is a recurrent phenomeno ...
What Priorities and Strategy Should the G-20 Adopt for
... The idea th thatt iinstitutions tit ti are a k key d determinant t i t off growth th h has witnessed a revival [see Douglass North and others] The disparity in observed income worker i.e., productivity, across countries may only be explained by differences in social infrastructure [Hall and Jones (1 ...
... The idea th thatt iinstitutions tit ti are a k key d determinant t i t off growth th h has witnessed a revival [see Douglass North and others] The disparity in observed income worker i.e., productivity, across countries may only be explained by differences in social infrastructure [Hall and Jones (1 ...
Presentation title
... into words. The basis of farming and hence the whole historical development of human societies is GRASS.” Michael Cook, A Brief History of the Human Race Like cattle, its etymological cousin, capital can neither appreciate nor prosper without grass In capitalism, grass – pasture – is profitable dema ...
... into words. The basis of farming and hence the whole historical development of human societies is GRASS.” Michael Cook, A Brief History of the Human Race Like cattle, its etymological cousin, capital can neither appreciate nor prosper without grass In capitalism, grass – pasture – is profitable dema ...
lseGC_rosewell_growth
... It would need to be obvious that these were not captured in a monetary analysis before they could be accepted – but if they were this would be a clear signal for government investment. It must be accepted that such an approach to investment appraisal for transport would go against the development of ...
... It would need to be obvious that these were not captured in a monetary analysis before they could be accepted – but if they were this would be a clear signal for government investment. It must be accepted that such an approach to investment appraisal for transport would go against the development of ...
pid - World bank documents
... poverty, social or distributional effects in the short term, while contributing to positive effects in the medium to long term. The measures for expenditure containment, improved contingent liabilities management and enhanced tax administration are overall expected to strengthen the fiscal position ...
... poverty, social or distributional effects in the short term, while contributing to positive effects in the medium to long term. The measures for expenditure containment, improved contingent liabilities management and enhanced tax administration are overall expected to strengthen the fiscal position ...
FRBSF L CONOMIC
... While the financial crisis of 2007–09 spread globally, its effects were not felt evenly across countries. Emerging Asia fared relatively better than the rest of the world, but it was not spared. Moreover, within the region two different stories emerged. In terms of economic growth, the effects of th ...
... While the financial crisis of 2007–09 spread globally, its effects were not felt evenly across countries. Emerging Asia fared relatively better than the rest of the world, but it was not spared. Moreover, within the region two different stories emerged. In terms of economic growth, the effects of th ...
True/False Questions
... Economic Growth: An Introduction to Scarcity and Choice True/False Questions 1. Since 1973, the growth rate of per capita GDP in the U.S. has been lower than it was in previous periods. ANSWER: T 2. The three primary resources are land, labor, and capital. ANSWER: T 3. The production possibilities c ...
... Economic Growth: An Introduction to Scarcity and Choice True/False Questions 1. Since 1973, the growth rate of per capita GDP in the U.S. has been lower than it was in previous periods. ANSWER: T 2. The three primary resources are land, labor, and capital. ANSWER: T 3. The production possibilities c ...
Tales of Increasing Returns: Leaks, Matches, and Traps
... Does not discuss priorities and trade-offs between different recommendations. Open question: How to design a ...
... Does not discuss priorities and trade-offs between different recommendations. Open question: How to design a ...
1 - African Development Bank
... economic development is part and parcel of structural transformation. While there was an increase of about 40 percent in nonagricultural employment from 1960 to 2000, Nigeria’s real GDP per capita unexpectedly declined by 300 dollars within the same period (Hazell et al., 2010). These statistics ind ...
... economic development is part and parcel of structural transformation. While there was an increase of about 40 percent in nonagricultural employment from 1960 to 2000, Nigeria’s real GDP per capita unexpectedly declined by 300 dollars within the same period (Hazell et al., 2010). These statistics ind ...
Economics_9-12_1-10 - Delaware Department of Education
... calculating the gross domestic product and measure a nation’s standard of living by computing gross domestic product per capita. Economics Standard Two 9-12a: Students will develop an understanding of how economies function as a whole, including the causes and effect of inflation, unemployment, busi ...
... calculating the gross domestic product and measure a nation’s standard of living by computing gross domestic product per capita. Economics Standard Two 9-12a: Students will develop an understanding of how economies function as a whole, including the causes and effect of inflation, unemployment, busi ...
GOVERNMENT`S DRIVE TOWARDS SMEs
... the overall development of the MSMEs sub-sector in Nigeria. Establish the National Credit Guarantee Scheme for MSMEs to create an effective access to affordable finance for MSMEs. Establish a comprehensive National MSME Rating Information and Database. Pump more funds into infrastructure development ...
... the overall development of the MSMEs sub-sector in Nigeria. Establish the National Credit Guarantee Scheme for MSMEs to create an effective access to affordable finance for MSMEs. Establish a comprehensive National MSME Rating Information and Database. Pump more funds into infrastructure development ...
CH12
... If cars break down and other disasters occur, that require repair ―up goes the GDP If industry pollutes the air and we creat other industries which remove the polluting substances ―up goes the GDP. If we pollute less, then GDP may goes down. ...
... If cars break down and other disasters occur, that require repair ―up goes the GDP If industry pollutes the air and we creat other industries which remove the polluting substances ―up goes the GDP. If we pollute less, then GDP may goes down. ...
Lecture 2 Rankings of National Economy Competitiveness. There
... Universal literacy was reached in the mature countries, and also in Russia. While India has emerged as a global IT -center, nearly 40 percent of its population is still illiterate. India has only 62.8 % of literacy rate. Literacy rate is % of all population aged 15 and over who is literate. Seconda ...
... Universal literacy was reached in the mature countries, and also in Russia. While India has emerged as a global IT -center, nearly 40 percent of its population is still illiterate. India has only 62.8 % of literacy rate. Literacy rate is % of all population aged 15 and over who is literate. Seconda ...
ECON 1100 – Global Economics (Section 07) Exam #2 – Spring
... ( GUS .45 ) are distributed less equally than in the “less market oriented economies” of Norway ( G Swdn .23 ) and Canada ( GC .32 ). Which of the following statements is also true? A. Further, “GDP Per Capita (PPP)” is higher in the latter countries ($81,900 in Sweden and $73,240 in Canada), ...
... ( GUS .45 ) are distributed less equally than in the “less market oriented economies” of Norway ( G Swdn .23 ) and Canada ( GC .32 ). Which of the following statements is also true? A. Further, “GDP Per Capita (PPP)” is higher in the latter countries ($81,900 in Sweden and $73,240 in Canada), ...
Chapter 2 : Strengthening macroeconomic resilience for sustained
... Plan. The fiscal deficit was reduced from 5.3% to GDP in 2010 to 3.4% in 2014 due to more prudent fiscal management, as shown in Exhibit 2-5. Revenue collection was better than expected from 2011 to 2013 with higher global crude oil prices, strategic divestments by Khazanah Nasional Berhad, and secu ...
... Plan. The fiscal deficit was reduced from 5.3% to GDP in 2010 to 3.4% in 2014 due to more prudent fiscal management, as shown in Exhibit 2-5. Revenue collection was better than expected from 2011 to 2013 with higher global crude oil prices, strategic divestments by Khazanah Nasional Berhad, and secu ...
N 6
... economy. These might result, for example, from reorganization effects similar to those accruing when factories were redesigned after electricity had replaced steam (David and Wright, 1999). The magnitude ( and even the existence) of these spillovers from ICT is controversial and growth accounting st ...
... economy. These might result, for example, from reorganization effects similar to those accruing when factories were redesigned after electricity had replaced steam (David and Wright, 1999). The magnitude ( and even the existence) of these spillovers from ICT is controversial and growth accounting st ...
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).