PDF
... • Encouraging Multi-local Cooperation. It is unrealistic for national rural policy to have as an objective the widespread sub stitution of diversified rural economies to replace the specialized economies that now exist. Although some rural economies will be successfully transformed from their curren ...
... • Encouraging Multi-local Cooperation. It is unrealistic for national rural policy to have as an objective the widespread sub stitution of diversified rural economies to replace the specialized economies that now exist. Although some rural economies will be successfully transformed from their curren ...
Offshoring of business services and its impact on the UK economy
... In the 1980s, business services were not very significant as a separate industry. Employment in UK business services grew by 92% or 1.9m jobs between 1984 and 2001. This accounted for over half of the total growth in jobs. In 2002, a total of 4m people were employed in this sector, accounting for ar ...
... In the 1980s, business services were not very significant as a separate industry. Employment in UK business services grew by 92% or 1.9m jobs between 1984 and 2001. This accounted for over half of the total growth in jobs. In 2002, a total of 4m people were employed in this sector, accounting for ar ...
Robrt J. Gordon Working 1050 OF EVENTS AND
... This paper traces the evolution of macroeconomic events and ideas from the late 1940s to the present day. After a brief introduction that highlights the unique features of the main macroeconomic variables as compared to their behavior before 1947, the paper turns to an analysis of four main postwar ...
... This paper traces the evolution of macroeconomic events and ideas from the late 1940s to the present day. After a brief introduction that highlights the unique features of the main macroeconomic variables as compared to their behavior before 1947, the paper turns to an analysis of four main postwar ...
LCCARL97_en.pdf
... expanded from 1 million to 18 million pounds marking an average growth rate of 30%. However, the decline in prices, which began in 2000, affected its value.12 Contrarily, member countries of the OECS have decided to concentrate their resources in the development of tourism. Banana and other agricult ...
... expanded from 1 million to 18 million pounds marking an average growth rate of 30%. However, the decline in prices, which began in 2000, affected its value.12 Contrarily, member countries of the OECS have decided to concentrate their resources in the development of tourism. Banana and other agricult ...
sample test two
... 16) The quantity of real GDP demanded equals $7.2 trillion when the GDP deflator is 90. If the GDP deflator rises to 95, the quantity of real GDP demanded equals A) less than $7.2 trillion. B) $7.2 trillion. C) more than $7.2 trillion but less than $7.8 trillion. D) more than $7.2 trillion but witho ...
... 16) The quantity of real GDP demanded equals $7.2 trillion when the GDP deflator is 90. If the GDP deflator rises to 95, the quantity of real GDP demanded equals A) less than $7.2 trillion. B) $7.2 trillion. C) more than $7.2 trillion but less than $7.8 trillion. D) more than $7.2 trillion but witho ...
NBER WO~G PAPER SERIES MACROECONOMIC POLICY ~ THE PRESENCE OF STRUCTURAL
... of inflation, so that their growth rate of real GDP accelerated more than their growth rate of nominal GDP in relation to the pegging countries. The continued deceleration of inflation in the depreciating countries provides evidence that their natural unemployment rate has declined and that expansio ...
... of inflation, so that their growth rate of real GDP accelerated more than their growth rate of nominal GDP in relation to the pegging countries. The continued deceleration of inflation in the depreciating countries provides evidence that their natural unemployment rate has declined and that expansio ...
Incrementum ad Absurdum
... of direct relevance to policy discussions, in that it is based on internationally accepted poverty lines, this basis itself gives rise to two significant shortcomings. First, while poverty is falling, the proportion of households defined as poor falls. Any observed reduction in the proportion of glo ...
... of direct relevance to policy discussions, in that it is based on internationally accepted poverty lines, this basis itself gives rise to two significant shortcomings. First, while poverty is falling, the proportion of households defined as poor falls. Any observed reduction in the proportion of glo ...
Does the Faroese Current Account matter?
... R&D at this level. For this a reason the industry relies on more external players (Iceland, Norway & Denmark) usually in form of FDI. To fix the idea, we believe that the public sector initiative in the form of financial & non-financial long-term commitment would pay off. Secondly, and as far as the ...
... R&D at this level. For this a reason the industry relies on more external players (Iceland, Norway & Denmark) usually in form of FDI. To fix the idea, we believe that the public sector initiative in the form of financial & non-financial long-term commitment would pay off. Secondly, and as far as the ...
Government Employment Expenditure and the Effects
... that focuses on the effects of fiscal policy shocks treats government consumption as consisting entirely of expenditure on goods, overlooking the wage and salary component. In this paper, I study the effects of fiscal policy shocks on main macroeconomic variables. In particular, I evaluate the abili ...
... that focuses on the effects of fiscal policy shocks treats government consumption as consisting entirely of expenditure on goods, overlooking the wage and salary component. In this paper, I study the effects of fiscal policy shocks on main macroeconomic variables. In particular, I evaluate the abili ...
Growth isn’t working The unbalanced distribution of benefits and 1
... According to UK Prime Minister Tony Blair’s Climate Change Task Force, at current rates of economic growth-related increases in greenhouse gas concentrations, a level could be reached within a decade commensurate with environmental feedbacks that, in turn, may trigger irreversible global warming.3 Y ...
... According to UK Prime Minister Tony Blair’s Climate Change Task Force, at current rates of economic growth-related increases in greenhouse gas concentrations, a level could be reached within a decade commensurate with environmental feedbacks that, in turn, may trigger irreversible global warming.3 Y ...
Economics 102 Summer 2016 Answers to Homework #5 Due 7/13
... that the country is exporting a high dollar value of goods and services than it is importing. When a country operates with a trade surplus, then it has negative capital inflows: this country is lending funds to other countries. We do not know the value of this country’s exports or its imports, but w ...
... that the country is exporting a high dollar value of goods and services than it is importing. When a country operates with a trade surplus, then it has negative capital inflows: this country is lending funds to other countries. We do not know the value of this country’s exports or its imports, but w ...
Long Run and Short Run Effects of Government Expenditures on
... turn allows producers to increase use of their productive capacities by hiring new capital, labor and thus to expand production. The effect of the current expenditures will be long-lasting if the economy suffers from persistent underemployment. The expansionary fiscal policy, as argued, can stimulat ...
... turn allows producers to increase use of their productive capacities by hiring new capital, labor and thus to expand production. The effect of the current expenditures will be long-lasting if the economy suffers from persistent underemployment. The expansionary fiscal policy, as argued, can stimulat ...
Budget 2005 - Government of Seychelles
... herself in this budget. Its success depends on us being able to work together. In preparing this budget I have consulted extensively with representatives of business, industry, civil society and all major stakeholders in our country’s development and wellbeing. Naturally I have also taken into consi ...
... herself in this budget. Its success depends on us being able to work together. In preparing this budget I have consulted extensively with representatives of business, industry, civil society and all major stakeholders in our country’s development and wellbeing. Naturally I have also taken into consi ...
Testing Capital Accumulation-Driven Growth Models in a
... growth models in a multiple-regime framework: the ‘strong’ version, in which a permanent increase in the investment rate initiates and sustains the regime switch, and the ‘weaker’ version, in which the investment rate is not the initiating source of the regime change, but nevertheless determines the ...
... growth models in a multiple-regime framework: the ‘strong’ version, in which a permanent increase in the investment rate initiates and sustains the regime switch, and the ‘weaker’ version, in which the investment rate is not the initiating source of the regime change, but nevertheless determines the ...
Advances in Natural and Applied Sciences
... Biofuel is a promising renewable energy for Indonesia, a country that is rich in fossil-fuel resources and renewable potentials. Attention on biofuels has grown rapidly during the last few years, especially after the world price of oil increased sharply. In the modern history of Indonesia’s developm ...
... Biofuel is a promising renewable energy for Indonesia, a country that is rich in fossil-fuel resources and renewable potentials. Attention on biofuels has grown rapidly during the last few years, especially after the world price of oil increased sharply. In the modern history of Indonesia’s developm ...
Mr Musa Mabuza - Mining Lekgotla
... Facilitate economic diversification Attain incremental GDP growth in mineral value addition and increase the country’s productive capacity ...
... Facilitate economic diversification Attain incremental GDP growth in mineral value addition and increase the country’s productive capacity ...
Foreign Direct Investment in Food and Agricultural Sectors
... it is not clear if the host country will gain after payments to foreign capital even under liberalized trade regimes. There is yet a lot of work to be done in this area, both conceptually and empirically. Conceptually, there is a need to identify conditions and factors which enhance the joint welfar ...
... it is not clear if the host country will gain after payments to foreign capital even under liberalized trade regimes. There is yet a lot of work to be done in this area, both conceptually and empirically. Conceptually, there is a need to identify conditions and factors which enhance the joint welfar ...
I CHAPTER 2. SUBREGIONAL PERFORMANCE AND MEDIUM-TERM CHALLENGES Robust growth despite slowing exports
... Countries across the subregion have withstood these twin challenges fairly well (figure 2.2), due to the growing importance of domestic demand and increasingly close trade links with China. While the overall exports of most economies have been hurt, robust growth has continued because domestic deman ...
... Countries across the subregion have withstood these twin challenges fairly well (figure 2.2), due to the growing importance of domestic demand and increasingly close trade links with China. While the overall exports of most economies have been hurt, robust growth has continued because domestic deman ...
S1500196_en.pdf
... The pace of technological change is imposing new modes of employment, and accordingly, of education and capacity development. The traditional paradigm of one stable job is already being replaced by that of a variety of jobs, of intermediate duration. Workers will not automatically acquire the necess ...
... The pace of technological change is imposing new modes of employment, and accordingly, of education and capacity development. The traditional paradigm of one stable job is already being replaced by that of a variety of jobs, of intermediate duration. Workers will not automatically acquire the necess ...
Introduction to Minsky`s Stabilizing an Unstable Economy
... institutional ceilings and floors to produce a variety of possible outcomes, including steady growth, cycles, booms, and long depressions. He ultimately came back to these models in some of his last papers written at the Levy Institute. It is clear, however, that the results of these analyses playe ...
... institutional ceilings and floors to produce a variety of possible outcomes, including steady growth, cycles, booms, and long depressions. He ultimately came back to these models in some of his last papers written at the Levy Institute. It is clear, however, that the results of these analyses playe ...
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).