the moral imperative and social rationality of government
... for most of our genetic and much of our cultural evolution – had open access to work. Practically all productive resources were public goods. The adoption of agriculture, the growth of inequality, the eventual evolution of civilization brought about a property-rights structure that limits ready acce ...
... for most of our genetic and much of our cultural evolution – had open access to work. Practically all productive resources were public goods. The adoption of agriculture, the growth of inequality, the eventual evolution of civilization brought about a property-rights structure that limits ready acce ...
review of the literature
... of technological change, which is assumed to be exogenous. - economic policy changes will only have a temporary effect on economic activity - convergence of per capita output across countries with a similar productivity level, savings rate, depreciation rate, productivity growth and population growt ...
... of technological change, which is assumed to be exogenous. - economic policy changes will only have a temporary effect on economic activity - convergence of per capita output across countries with a similar productivity level, savings rate, depreciation rate, productivity growth and population growt ...
economics
... • Why productivity is so important – Key determinant of living standards – Growth in productivity is the key determinant of growth in living standards – An economy’s income is the economy’s output © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in ...
... • Why productivity is so important – Key determinant of living standards – Growth in productivity is the key determinant of growth in living standards – An economy’s income is the economy’s output © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in ...
PRIVATE SECTOR ASSESSMENT OF BAHAMAS
... explicit and vital participation of the private sector. The initial priorities relate to improving human-resources capacity through education and training, improving social-protection systems and restructuring government ministries. The role of the private sector is viewed as fundamental. ...
... explicit and vital participation of the private sector. The initial priorities relate to improving human-resources capacity through education and training, improving social-protection systems and restructuring government ministries. The role of the private sector is viewed as fundamental. ...
OECD Economic Surveys SOUTH AFRICA March 2013
... The macroeconomic policy mix has been insufficiently supportive of growth while allowing large budget deficits to persist. The deficit expanded rapidly in cyclically adjusted terms during the crisis and has been brought down only gradually since. Much of the increase in spending came through large i ...
... The macroeconomic policy mix has been insufficiently supportive of growth while allowing large budget deficits to persist. The deficit expanded rapidly in cyclically adjusted terms during the crisis and has been brought down only gradually since. Much of the increase in spending came through large i ...
Macro Economics
... supply. For example, the microeconomic concept analyzes why an increase in the number of pizza joints in one particular area would cause lower pizza prices in that area. Although micro and macroeconomics appear to be different, many issues like production, pricing, unemployment and inflation are dea ...
... supply. For example, the microeconomic concept analyzes why an increase in the number of pizza joints in one particular area would cause lower pizza prices in that area. Although micro and macroeconomics appear to be different, many issues like production, pricing, unemployment and inflation are dea ...
Macro Economics - RuralNaukri.com
... supply. For example, the microeconomic concept analyzes why an increase in the number of pizza joints in one particular area would cause lower pizza prices in that area. Although micro and macroeconomics appear to be different, many issues like production, pricing, unemployment and inflation are dea ...
... supply. For example, the microeconomic concept analyzes why an increase in the number of pizza joints in one particular area would cause lower pizza prices in that area. Although micro and macroeconomics appear to be different, many issues like production, pricing, unemployment and inflation are dea ...
unemployed - DoguAkdeniz.Com
... The unemployment rate is the percentage of the people in the labor force who are unemployed. Number of people unemployed Unemployment rate = ...
... The unemployment rate is the percentage of the people in the labor force who are unemployed. Number of people unemployed Unemployment rate = ...
Why Has the Cyclicality of Productivity Changed? What Does It Mean? John G. Fernald and J. Christina Wang
... workweek of capital—is a key reason why measured TFP changes do not reflect technology changes. In the Fernald data, the changes in cyclicality primarily reflect the reduced quantitative importance of procyclical factor utilization. Indeed, after controlling for variations in factor ...
... workweek of capital—is a key reason why measured TFP changes do not reflect technology changes. In the Fernald data, the changes in cyclicality primarily reflect the reduced quantitative importance of procyclical factor utilization. Indeed, after controlling for variations in factor ...
Krugman_s Economics for AP
... too small for the number of students—some may be forced to sit on the floor or stand—despite the fact that a larger classroom nearby is empty during the same period. Economists would say that this is an inefficient use of resources because there is a way to make some people better off without making ...
... too small for the number of students—some may be forced to sit on the floor or stand—despite the fact that a larger classroom nearby is empty during the same period. Economists would say that this is an inefficient use of resources because there is a way to make some people better off without making ...
Economic Growth, Exports and Imports in Pakistan: Granger Causality Analysis
... of its foreign policy, its imperialistic attitude of not listening to its allies and its outright disdain for international law, erosion of its moral ground and imposition of its own culture and values upon others. Botched diplomacy, imperialistic policies and brutal expression of its power have lef ...
... of its foreign policy, its imperialistic attitude of not listening to its allies and its outright disdain for international law, erosion of its moral ground and imposition of its own culture and values upon others. Botched diplomacy, imperialistic policies and brutal expression of its power have lef ...
Word - The Open University
... In each industrial revolution (including the current one), important non-technological factors have influenced industry dynamics and growth. Socio-political factors have been particularly prominent. For example, the rise of industrial trade unions in the Second Industrial Revolution greatly affected ...
... In each industrial revolution (including the current one), important non-technological factors have influenced industry dynamics and growth. Socio-political factors have been particularly prominent. For example, the rise of industrial trade unions in the Second Industrial Revolution greatly affected ...
THE STRUCTURE AND DETERMINANTS OF EGYPT`S URBAN
... and restrict ourselves to the nonagricultural sectors by separating imports and agriculture (both are external to the nonagricultural economy), we end up with equations (2), (3), and (4) representing the nonagricultural sector's interdependence, which can be rewritten as: ...
... and restrict ourselves to the nonagricultural sectors by separating imports and agriculture (both are external to the nonagricultural economy), we end up with equations (2), (3), and (4) representing the nonagricultural sector's interdependence, which can be rewritten as: ...
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).