INTERACTIVE SESSION ON 2008 FISCAL STRATEGY
... Optimising the key sources of economic growth Building a productive and functional human resource base Developing a knowledge-based economy Improving governance, security and law and order ...
... Optimising the key sources of economic growth Building a productive and functional human resource base Developing a knowledge-based economy Improving governance, security and law and order ...
Emerging Markets
... – Need to simplify the business through effective use of technology – Power ...
... – Need to simplify the business through effective use of technology – Power ...
Coproduction: How citizens and civil society can contribute to the
... Ostrom became the first woman to receive the prestigious Nobel Memorial Prize in Economic Sciences "for her analysis of economic governance", saying her work had demonstrated how common property could be successfully managed by groups using it ...
... Ostrom became the first woman to receive the prestigious Nobel Memorial Prize in Economic Sciences "for her analysis of economic governance", saying her work had demonstrated how common property could be successfully managed by groups using it ...
GDPUSEconomy
... The United States purchases from other countries goods and services they can produce at a lower opportunity cost than the United States. ...
... The United States purchases from other countries goods and services they can produce at a lower opportunity cost than the United States. ...
The Triumph of Authoritarian Crisis Management: Europe’s
... • “Hysteresis” effect – permanent economic damage that will not be repaired even if there is a full recovery. ‘Austerity could well leave an economic and social scar across the eurozone’ • (Wolfgang Münchau, 24 Feb 2013, Financial Times) • C.f. Gregg & Tominey 2004: ‘wages scar’ left by youth unempl ...
... • “Hysteresis” effect – permanent economic damage that will not be repaired even if there is a full recovery. ‘Austerity could well leave an economic and social scar across the eurozone’ • (Wolfgang Münchau, 24 Feb 2013, Financial Times) • C.f. Gregg & Tominey 2004: ‘wages scar’ left by youth unempl ...
Document
... This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent ...
... This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent ...
Prospects for Employment: Evidence from Prior Recoveries
... ramifications for labor markets. Workers become discouraged and leave the labor force, while the skills of workers that are unemployed for long periods may atrophy, and new entrants in the labor market often have to settle for jobs at levels below what they would be offered in a more robust economy. ...
... ramifications for labor markets. Workers become discouraged and leave the labor force, while the skills of workers that are unemployed for long periods may atrophy, and new entrants in the labor market often have to settle for jobs at levels below what they would be offered in a more robust economy. ...
Without a Large Scale Federal Program, It May Take Decades to
... • As households (that are not experiencing unemployment) are currently saving more of their income, increased household consumption is not likely to drive an economic expansion. • But with consumption demand sluggish at best and a persistent and massive trade deficit, its hard to see what would prop ...
... • As households (that are not experiencing unemployment) are currently saving more of their income, increased household consumption is not likely to drive an economic expansion. • But with consumption demand sluggish at best and a persistent and massive trade deficit, its hard to see what would prop ...
Lecture 6 - Nottingham
... • How do the model’s predictions for growth change when we allow the factors to vary – E.g. economies have different saving rates – The economy with the lower saving rate will have lower steady state k*, y* compared to an economy with a higher saving rate – At any level of K(0), the economy with a h ...
... • How do the model’s predictions for growth change when we allow the factors to vary – E.g. economies have different saving rates – The economy with the lower saving rate will have lower steady state k*, y* compared to an economy with a higher saving rate – At any level of K(0), the economy with a h ...
Chapter 11 - Introduction to Macroeconomics
... • Best policy for the government to follow was laissez faire ...
... • Best policy for the government to follow was laissez faire ...
الشريحة 1
... - Direct taxes are those which are levied directly on individuals or businesses. - Income tax rates can be lowered in order to encourage consumers to buy more goods and services. - This should raise the level of aggregate ...
... - Direct taxes are those which are levied directly on individuals or businesses. - Income tax rates can be lowered in order to encourage consumers to buy more goods and services. - This should raise the level of aggregate ...
classical model
... –Economists have made progress in understanding how the economy works by dividing the variables that describe macroeconomic performance into two lists: – Real variables – Nominal variables –Real variables like real GDP, employment, and the real wage rate describe what is happening to living standard ...
... –Economists have made progress in understanding how the economy works by dividing the variables that describe macroeconomic performance into two lists: – Real variables – Nominal variables –Real variables like real GDP, employment, and the real wage rate describe what is happening to living standard ...
Global Imbalances and Policy Frictions
... sufficient to eliminate debt would be consistent with full employment. • Monetary expansion helps. Too much and we get serious inflation, like Weimar, etc. ...
... sufficient to eliminate debt would be consistent with full employment. • Monetary expansion helps. Too much and we get serious inflation, like Weimar, etc. ...
Global Economic Journalism
... Adding up the country’s spending on final goods & services, i.e. goods that aren’t inputs for another good ...
... Adding up the country’s spending on final goods & services, i.e. goods that aren’t inputs for another good ...
2012-288-IM-Ecuador-COMPLETO - CEPAL
... The current-account deficit was mirrored by lower capital inflows, above all in the “other investments” category, which, unlike in the previous year, saw a capital outflow. By year-end 2011, international reserves had edged up from the previous year in absolute terms, but in relative terms remained ...
... The current-account deficit was mirrored by lower capital inflows, above all in the “other investments” category, which, unlike in the previous year, saw a capital outflow. By year-end 2011, international reserves had edged up from the previous year in absolute terms, but in relative terms remained ...
presentation
... capitalists might be pushed to compromise, leading to another period of regulated capitalism. However, either statist or regulated capitalism would bring another long period of relatively rapid GDP growth. This would likely destroy civilization due to global climate change. ...
... capitalists might be pushed to compromise, leading to another period of regulated capitalism. However, either statist or regulated capitalism would bring another long period of relatively rapid GDP growth. This would likely destroy civilization due to global climate change. ...
PPT Presentation - Iktissad Events
... Saudi Arabia offers strong potential – large and rapidly growing market continues to open up and offer new opportunities ...
... Saudi Arabia offers strong potential – large and rapidly growing market continues to open up and offer new opportunities ...
GDP
... For example, the upper left (100) cell of the table tells the value of output produced by US factors of production (ie: US labor or capital) that are located within the US. The upper right cell (5) measures the value of output produced by UK factors of production (ie: UK labor or capital) that is lo ...
... For example, the upper left (100) cell of the table tells the value of output produced by US factors of production (ie: US labor or capital) that are located within the US. The upper right cell (5) measures the value of output produced by UK factors of production (ie: UK labor or capital) that is lo ...
Please CLICK HERE to open the PowerPoint presentation.
... improvement averages General inflation Market wage increases Less: productivity improvement Price increases required ...
... improvement averages General inflation Market wage increases Less: productivity improvement Price increases required ...
Document
... Analysis of the growth rate of aggregate output must use real GDP because doing so eliminates any change in the value of aggregate output due solely to price changes. Real GDP per capita is a measure of average aggregate output per person, but is not in itself an appropriate policy goal. ...
... Analysis of the growth rate of aggregate output must use real GDP because doing so eliminates any change in the value of aggregate output due solely to price changes. Real GDP per capita is a measure of average aggregate output per person, but is not in itself an appropriate policy goal. ...
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).