On the Statics and Dynamics of Net External Assets
... Stone-Geary preferences imply very low values of utility if consumption is close to its subsistence level (in particular if θ>1). Because economies are expected to grow over time, it is optimal for poor economies to shift consumption from the future to the present to avoid very low values of consump ...
... Stone-Geary preferences imply very low values of utility if consumption is close to its subsistence level (in particular if θ>1). Because economies are expected to grow over time, it is optimal for poor economies to shift consumption from the future to the present to avoid very low values of consump ...
... expansion of intraregional trade and investment, and flexible domestic policies have enabled the region to sustain remarkably high growth rates, though with considerable variation among countries. Economic growth does not automatically bring about a socially optimal pattern of development. The objec ...
Middle East Real Estate Predictions: Dubai 2015
... 2.7% respectively, predominantly due to the significant increases in supply. Conversely, supply increases in Dubai’s Upper Midscale, Midscale and Economy sectors were marginal, which is likely to have driven higher ADRs due to increased demand from the growth in visitor numbers. As a result of infla ...
... 2.7% respectively, predominantly due to the significant increases in supply. Conversely, supply increases in Dubai’s Upper Midscale, Midscale and Economy sectors were marginal, which is likely to have driven higher ADRs due to increased demand from the growth in visitor numbers. As a result of infla ...
International Trade and Shared Environmental Responsibility by
... the European Union. This package also seeks to avoid the impact of that market on delocalisation of industry and, therefore, on carbon leakage. To that end, it seeks to modify emission allocation criteria by incorporating emissions associated with international trade in commodities. Emissions are al ...
... the European Union. This package also seeks to avoid the impact of that market on delocalisation of industry and, therefore, on carbon leakage. To that end, it seeks to modify emission allocation criteria by incorporating emissions associated with international trade in commodities. Emissions are al ...
A Detailed Analysis of the Productivity Performance of Canadian
... Real GDP growth in the food manufacturing subsector was significantly weaker than that of the Canadian business sector for the 1961-2007 period (2.22 vs. 3.81 per cent per year, respectively). In the 2000-2007 period, real GDP growth in both the food manufacturing and the business sectors continued ...
... Real GDP growth in the food manufacturing subsector was significantly weaker than that of the Canadian business sector for the 1961-2007 period (2.22 vs. 3.81 per cent per year, respectively). In the 2000-2007 period, real GDP growth in both the food manufacturing and the business sectors continued ...
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... Business cycle indicators are meant to describe cyclical economy activity in market-economy systems in a timely and accurate fashion. The characteristic of a good indicator is that it signals turning points in economic activity in a timely and clear fashion (i.e. without false alarms). In addition t ...
... Business cycle indicators are meant to describe cyclical economy activity in market-economy systems in a timely and accurate fashion. The characteristic of a good indicator is that it signals turning points in economic activity in a timely and clear fashion (i.e. without false alarms). In addition t ...
Chapter 3 A R :
... investments and discharge its debt servicing obligations. The government applied total resources of Rs. 1395,329 crore that it mobilised during 2003-04 to disbursements as shown in Table 3.1. Table 3.1: Application of Resources (Rupees in crore) ...
... investments and discharge its debt servicing obligations. The government applied total resources of Rs. 1395,329 crore that it mobilised during 2003-04 to disbursements as shown in Table 3.1. Table 3.1: Application of Resources (Rupees in crore) ...
Understanding Reforms in Nepal - International Budget Partnership
... exercise if sustained growth and poverty reduction are to be accomplished within a stipulated timeframe. However, to what extent they are being operationalised at the practical level in countries like Nepal is yet to be verified and substantiated. It has now been recognised that a well-run civil ser ...
... exercise if sustained growth and poverty reduction are to be accomplished within a stipulated timeframe. However, to what extent they are being operationalised at the practical level in countries like Nepal is yet to be verified and substantiated. It has now been recognised that a well-run civil ser ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... This paper presents an empirical study of long-run real exchange rate movements from the consumption perspective. In most industrial countries, private consumption and the real exchange rate both have clear trends but exhibit different fluctuations. If the real exchange rate (or the relative price o ...
... This paper presents an empirical study of long-run real exchange rate movements from the consumption perspective. In most industrial countries, private consumption and the real exchange rate both have clear trends but exhibit different fluctuations. If the real exchange rate (or the relative price o ...
- TestbankU
... 7. If California were a separate economy, it would be the ____ largest economy on earth. a. second b. third c. fifth d. eighth ANS: D PTS: 1 LOC: Measuring the Economy ...
... 7. If California were a separate economy, it would be the ____ largest economy on earth. a. second b. third c. fifth d. eighth ANS: D PTS: 1 LOC: Measuring the Economy ...
Chapter 11: Saving, Capital Accumulation, and Output
... The effects of the saving rate on the growth rate of output per worker: 1. The saving rate has no effect on the long run growth rate of output per worker, which is equal to zero. 1. Output per worker and capital per worker are constant in the steady state. 2. If an economy wanted to increase the s ...
... The effects of the saving rate on the growth rate of output per worker: 1. The saving rate has no effect on the long run growth rate of output per worker, which is equal to zero. 1. Output per worker and capital per worker are constant in the steady state. 2. If an economy wanted to increase the s ...
Chapter 2—The Economy: Myth and Reality
... 7. If California were a separate economy, it would be the ____ largest economy on earth. a. second b. third c. fifth d. eighth ANS: LOC: ...
... 7. If California were a separate economy, it would be the ____ largest economy on earth. a. second b. third c. fifth d. eighth ANS: LOC: ...
Coyote Economist Economics Scholarships for Fall 2012 News.from.the.Department.of.Economics,.CSUSB
... ODE is an International Honor Society in Economics that encourages devotion to the advancement of economics and to the scholarly effort to make freedom from want and deprivation a reality for all mankind. ODE is one of the world’s largest academic honor societies and currently has 652 chapters throu ...
... ODE is an International Honor Society in Economics that encourages devotion to the advancement of economics and to the scholarly effort to make freedom from want and deprivation a reality for all mankind. ODE is one of the world’s largest academic honor societies and currently has 652 chapters throu ...
MNB Alapsablon - Magyar Nemzeti Bank
... to the primary goal of meeting the inflation target, the Council also takes into account the condition of the real economy and incorporates financial stability considerations into its decisions. Growth prospects of the global economy have improved in recent months. The low inflation environment is l ...
... to the primary goal of meeting the inflation target, the Council also takes into account the condition of the real economy and incorporates financial stability considerations into its decisions. Growth prospects of the global economy have improved in recent months. The low inflation environment is l ...
a semiparametric assessment of export
... Some of the early works on the export-led growth (ELG) hypothesis generally affirmed its validity because exports and output appeared to be significantly correlated. Advocates of the ELG hypothesis highlight several beneficial aspects of promoting exports on overall economic activity. The export sec ...
... Some of the early works on the export-led growth (ELG) hypothesis generally affirmed its validity because exports and output appeared to be significantly correlated. Advocates of the ELG hypothesis highlight several beneficial aspects of promoting exports on overall economic activity. The export sec ...
Let the aggregate production function at time t be set up as:
... attain sustained high economic growth and the other is how to share the benefits of growth with the poor in improving their socioeconomic conditions. Many economists--for example, Maddison (2001) --- claim that this can be attained by a massive increase in investments which should result in sustaine ...
... attain sustained high economic growth and the other is how to share the benefits of growth with the poor in improving their socioeconomic conditions. Many economists--for example, Maddison (2001) --- claim that this can be attained by a massive increase in investments which should result in sustaine ...
Principles of Economics, Case and Fair,9e
... circular flow A diagram showing the income received and payments made by each sector of the economy. transfer payments Cash payments made by the government to people who do not supply goods, services, or labor in exchange for these payments. ...
... circular flow A diagram showing the income received and payments made by each sector of the economy. transfer payments Cash payments made by the government to people who do not supply goods, services, or labor in exchange for these payments. ...
Provincial Economic Review and Outlook 2016
... Global economic growth was under significant pressure in 2015 on the back of poorer performance of emerging and developing economies, led by China. Advanced economies maintained moderate growth in 2015, but may be showing signs of slightly higher growth in 2016, albeit on very uncertain foundations. ...
... Global economic growth was under significant pressure in 2015 on the back of poorer performance of emerging and developing economies, led by China. Advanced economies maintained moderate growth in 2015, but may be showing signs of slightly higher growth in 2016, albeit on very uncertain foundations. ...
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).