Interactions between Agriculture and Industry: Theoretical
... agriculture and favoring industry: discrimination of agriculture through prices released resources to industry, and protection of industry has prevented resources from being locked into agriculture as a result of comparative advantage. But the models cannot explain why the sub-Saharan economies fail ...
... agriculture and favoring industry: discrimination of agriculture through prices released resources to industry, and protection of industry has prevented resources from being locked into agriculture as a result of comparative advantage. But the models cannot explain why the sub-Saharan economies fail ...
Chapter 15 Learning Objectives Economic Growth Economic Growth
... • Contrast inventions with innovations. • Tell why improvement in secondary schooling is so important for developing nations. ...
... • Contrast inventions with innovations. • Tell why improvement in secondary schooling is so important for developing nations. ...
Economic Growth - Valdosta State University
... thinnest circuit line within a transistor will decrease by 80 percent. ...
... thinnest circuit line within a transistor will decrease by 80 percent. ...
Reforms and Small Scale Industries in India
... health or education and in appreciative increase in cost of living. It is widely perceived, and perhaps very rightly so, that all the sacrifices in the name of reforms have been done by the common man whereas the governments and institutions functioned as before but at more cost. One of the importan ...
... health or education and in appreciative increase in cost of living. It is widely perceived, and perhaps very rightly so, that all the sacrifices in the name of reforms have been done by the common man whereas the governments and institutions functioned as before but at more cost. One of the importan ...
Longest Economic Expansion
... percent annual growth in late 2001 compared to an annual rate of 4.0 percent two years prior. Although the September 11 terrorist attacks basically shut down the economy temporarily, they were the likely sources for the strength in consumer expenditures. Americans went out and spent simply because t ...
... percent annual growth in late 2001 compared to an annual rate of 4.0 percent two years prior. Although the September 11 terrorist attacks basically shut down the economy temporarily, they were the likely sources for the strength in consumer expenditures. Americans went out and spent simply because t ...
2016 Budget Vote: National Treasury Opening Address Pravin J
... consultations of the medium term expenditure planning process. There is also public interest in these reviews, and I propose to publish summary findings in due course. ...
... consultations of the medium term expenditure planning process. There is also public interest in these reviews, and I propose to publish summary findings in due course. ...
Measuring_National_Income_and_Output
... regardless of who the owners of the factors of production are. Therefore, if Toyota operates a plant in the U.S.A., that would count as part of the GDP of the U.S.A. GNP includes all income earned by citizens of a country regardless of where they happen to be living or working. Therefore, the Toyota ...
... regardless of who the owners of the factors of production are. Therefore, if Toyota operates a plant in the U.S.A., that would count as part of the GDP of the U.S.A. GNP includes all income earned by citizens of a country regardless of where they happen to be living or working. Therefore, the Toyota ...
Economics Chapter 12
... The Great Depression –The Great Depression was the most severe downturn in the nation’s history. –Between 1929 and 1933, GDP fell by almost one third, and unemployment rose to about 25 percent. ...
... The Great Depression –The Great Depression was the most severe downturn in the nation’s history. –Between 1929 and 1933, GDP fell by almost one third, and unemployment rose to about 25 percent. ...
PDF
... General government expenditure measures the size of the government and surprisingly has positive and statistically significant effect on GDP growth rate, the case also in other empirical studies (e.g., Workie, 2005). If government expenditure increases by 1 p.p. of GDP, the output growth rate will i ...
... General government expenditure measures the size of the government and surprisingly has positive and statistically significant effect on GDP growth rate, the case also in other empirical studies (e.g., Workie, 2005). If government expenditure increases by 1 p.p. of GDP, the output growth rate will i ...
Powerpoint
... • Establishment of a semi-autonomous post of General Secretary for Tax Administration with sweeping powers to tackle tax evasion legacy • Tax code simplification and repeal of the Code of Books and Records • New IT system interconnecting all tax offices and compulsory electronic submission of tax de ...
... • Establishment of a semi-autonomous post of General Secretary for Tax Administration with sweeping powers to tackle tax evasion legacy • Tax code simplification and repeal of the Code of Books and Records • New IT system interconnecting all tax offices and compulsory electronic submission of tax de ...
price inflation and gdp growth-what matters most
... Bureau of Economic Research, Working Paper No. 12876. Michael Debabrata Patra and Partha Ray (2010), “Inflation Expectations and Monetary Policy in India: An ...
... Bureau of Economic Research, Working Paper No. 12876. Michael Debabrata Patra and Partha Ray (2010), “Inflation Expectations and Monetary Policy in India: An ...
Lecture 9
... inter-state highways across South Dakota, Wyoming, Montana, and Idaho. Although the infrastructure in those states contributes to income reported as produced in Illinois, the method of analyzing state- level transport productivity attributes the interstate mileage (or capital value) in those states ...
... inter-state highways across South Dakota, Wyoming, Montana, and Idaho. Although the infrastructure in those states contributes to income reported as produced in Illinois, the method of analyzing state- level transport productivity attributes the interstate mileage (or capital value) in those states ...
Productivity
... per capita, vary substantially from country to country. In the long run, living standards are determined by productivity. Policies that affect the determinants of productivity will therefore affect the next generation’s living standards. Government policies and actions can facilitate or impede ...
... per capita, vary substantially from country to country. In the long run, living standards are determined by productivity. Policies that affect the determinants of productivity will therefore affect the next generation’s living standards. Government policies and actions can facilitate or impede ...
nsw independent trial exams – 2004
... Sustained budget surpluses help to increase the level of national savings. By the end of the 1980’s, the level of national savings (as measured by the gross national savings rate) had increased to around 21% of GDP after falling to a low of 16% in 1992. By 2006-07 national savings as a percentage ...
... Sustained budget surpluses help to increase the level of national savings. By the end of the 1980’s, the level of national savings (as measured by the gross national savings rate) had increased to around 21% of GDP after falling to a low of 16% in 1992. By 2006-07 national savings as a percentage ...
Business Cycle Indicators
... He tested their “out-of-sample” performance, so to say, in the second half of the 20th century (Moore and Cullity, 1994). All the leading indicators continued to lead at US business cycle turning points. ...
... He tested their “out-of-sample” performance, so to say, in the second half of the 20th century (Moore and Cullity, 1994). All the leading indicators continued to lead at US business cycle turning points. ...
Country Note 4
... collapsed, the oil-poor, labor-abundant countries were able to sustain growth: Egypt, Morocco, and Tunisia grew annually at 2.9, 1.6, and 1.1 percent respectively during that decade (Table C4.3). Jordan was an exception: because of its dependence on remittances and financial support from oil exporti ...
... collapsed, the oil-poor, labor-abundant countries were able to sustain growth: Egypt, Morocco, and Tunisia grew annually at 2.9, 1.6, and 1.1 percent respectively during that decade (Table C4.3). Jordan was an exception: because of its dependence on remittances and financial support from oil exporti ...
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).