S028580_en.pdf
... region to attain a significant degree of improvement in their international competitiveness. The international technological gap has been reduced in highly specific and ‘localized’ areas of the economy but the income gap with more mature industrial societies has remained as high— or worse— than befo ...
... region to attain a significant degree of improvement in their international competitiveness. The international technological gap has been reduced in highly specific and ‘localized’ areas of the economy but the income gap with more mature industrial societies has remained as high— or worse— than befo ...
2006 and over the next few years, supported by
... service sectors contributed led by a sharp revival in biomedical output, good performance by the transport and engineering industry and buoyant retail sales (especially of cars) and financial services. In 2006, improved global demand for the country’s exports and an increase in capital inflows, part ...
... service sectors contributed led by a sharp revival in biomedical output, good performance by the transport and engineering industry and buoyant retail sales (especially of cars) and financial services. In 2006, improved global demand for the country’s exports and an increase in capital inflows, part ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... increase productivity, attract investments and have importance for economic growth and well-being of the families. People are the most precious natural resources a nation possesses. Several industrialized nations of the World like Switzerland, Japan and others lack land, energy and mineral resources ...
... increase productivity, attract investments and have importance for economic growth and well-being of the families. People are the most precious natural resources a nation possesses. Several industrialized nations of the World like Switzerland, Japan and others lack land, energy and mineral resources ...
4 Theories of the Public Sector
... gross benefit b(G): increasing and concave net benefit b(G)−t: t is tax paid to gvn benefit of gvn: ti−ciGi when gvn breaks even, net benefit b(Gi)−ciGi demand level is given: b’(Gi)=ci, ti=ciGi, i=l,h ...
... gross benefit b(G): increasing and concave net benefit b(G)−t: t is tax paid to gvn benefit of gvn: ti−ciGi when gvn breaks even, net benefit b(Gi)−ciGi demand level is given: b’(Gi)=ci, ti=ciGi, i=l,h ...
Folie 1
... − Reaction of policy makers can be summarized by Bernanke’s comment that government had to be aggressive in intervening during such crisis; this aggressive government intervention is most likely behind the fact that panic basically did not reach general population; − Note that in the 1930s the Secre ...
... − Reaction of policy makers can be summarized by Bernanke’s comment that government had to be aggressive in intervening during such crisis; this aggressive government intervention is most likely behind the fact that panic basically did not reach general population; − Note that in the 1930s the Secre ...
Business Cycle Facts and Standard RBC Theory
... What are business cycles Burns and Mitchell (1913, 1927, 1946): expansions occurring at the same time in many economic sectors, followed by similarly general recessions, contractions and revivals. – ‡uctuations occurs in aggregate activity, not in particular sectors. – cycles are recurrent, but not ...
... What are business cycles Burns and Mitchell (1913, 1927, 1946): expansions occurring at the same time in many economic sectors, followed by similarly general recessions, contractions and revivals. – ‡uctuations occurs in aggregate activity, not in particular sectors. – cycles are recurrent, but not ...
C S T
... Trinidad and Tobago is one of themore prosperous countries in the region with per capita income of US$15,000 and its social results are correspondingly positive. It grew at an average annual rate of 7% for the 15 years preceding the global financial crisis. It has international reserves equivalent t ...
... Trinidad and Tobago is one of themore prosperous countries in the region with per capita income of US$15,000 and its social results are correspondingly positive. It grew at an average annual rate of 7% for the 15 years preceding the global financial crisis. It has international reserves equivalent t ...
Chapter 15
... and value of the capital stock (net investment) and sustainable increases in real GDP (capacity output) – For example, ratio of 4 means for every $4 of net investment in year 1 the economy is capable of producing $1 of additional output in year 2 and succeeding years ...
... and value of the capital stock (net investment) and sustainable increases in real GDP (capacity output) – For example, ratio of 4 means for every $4 of net investment in year 1 the economy is capable of producing $1 of additional output in year 2 and succeeding years ...
F585 Global Economy June 2010
... the definition. As is well known unemployment is a lagging indicator of the cycle of economic activity. For this reason it is possible and, even, very likely that unemployment will continue to rise as we emerge from a recession. Interpreting Figure 1.1 A word of caution It is very tempting, but comp ...
... the definition. As is well known unemployment is a lagging indicator of the cycle of economic activity. For this reason it is possible and, even, very likely that unemployment will continue to rise as we emerge from a recession. Interpreting Figure 1.1 A word of caution It is very tempting, but comp ...
RomePresentation_Emp..
... Although this ratio dramatically improves in blocs such as South Europe and the US, it remains negative Government deficits are improved due to the eventual slowdown in government expenditure after an initial increase and an improvement in government net income. (Also helping is the acceleration ...
... Although this ratio dramatically improves in blocs such as South Europe and the US, it remains negative Government deficits are improved due to the eventual slowdown in government expenditure after an initial increase and an improvement in government net income. (Also helping is the acceleration ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Service Economy
... Of the three sectors, Agriculture has led in rate of change of output per man in every period. It is noteworthy that the sector that has been declining most rapidly in relative importance, as measured by either output or employment, should have achieved the greatest gains in output per man. Most stu ...
... Of the three sectors, Agriculture has led in rate of change of output per man in every period. It is noteworthy that the sector that has been declining most rapidly in relative importance, as measured by either output or employment, should have achieved the greatest gains in output per man. Most stu ...
![3. terms, definitions and explanations[1]](http://s1.studyres.com/store/data/010549898_1-49fd4dad7e8eab67968f841389c20bb0-300x300.png)
3. terms, definitions and explanations[1]
... (possibly goods) for individual or collective consumption and redistribute income and wealth. The general government sector in Israel includes the following units: government ministries, the National Insurance Institute, local authorities, national institutions, and non-profit institutions which are ...
... (possibly goods) for individual or collective consumption and redistribute income and wealth. The general government sector in Israel includes the following units: government ministries, the National Insurance Institute, local authorities, national institutions, and non-profit institutions which are ...
This PDF is a selection from a published volume from... Research Volume Title: Financial Sector Development in the Pacific Rim, East...
... that study is “big business stability”—measured as the fraction of a country’s largest employers in 1975 that persist to 1996. Persistence is defined variously as remaining in the top ten list, growing no slower than gross domestic product (GDP), retaining in 1996 at least 50 percent, 25 percent, or ...
... that study is “big business stability”—measured as the fraction of a country’s largest employers in 1975 that persist to 1996. Persistence is defined variously as remaining in the top ten list, growing no slower than gross domestic product (GDP), retaining in 1996 at least 50 percent, 25 percent, or ...
In this chapter, the variables included in the estimated models for... mining and quarrying are described and... CHAPTER SIX
... policy strategies and intervention to the sector, the output has improved. The performance of the sector between 2000 and 2005 has shown a much better improvement due to government focused policy attention. ...
... policy strategies and intervention to the sector, the output has improved. The performance of the sector between 2000 and 2005 has shown a much better improvement due to government focused policy attention. ...
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).