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. ...
Growth and Change in the Vietnamese Labour Market:
... development plans aimed at speeding the country’s industrialisation, modernisation, and economic development over the period 2010 to 2020. The strategy notes that in the past education and training planning has not been well aligned with employment growth, resulting in significant mismatches between ...
... development plans aimed at speeding the country’s industrialisation, modernisation, and economic development over the period 2010 to 2020. The strategy notes that in the past education and training planning has not been well aligned with employment growth, resulting in significant mismatches between ...
Growth and competitiveness in the United States: The
... about where to participate and invest. In summary, we find that, relative to their size, US multinational companies contribute disproportionately to private sector real GDP growth (or value added) and labor productivity. These metrics matter because productivity increases have delivered nearly three ...
... about where to participate and invest. In summary, we find that, relative to their size, US multinational companies contribute disproportionately to private sector real GDP growth (or value added) and labor productivity. These metrics matter because productivity increases have delivered nearly three ...
The impact of public investment in Sweden: A VAR approach.
... intensive public investment as a result of the cohesion funds from the European Union. Estimation using such a variable in a regression, together with labour and private capital that are found to be I (1) , is not the best approach. Another problem relates with the fact that it seems implausible tha ...
... intensive public investment as a result of the cohesion funds from the European Union. Estimation using such a variable in a regression, together with labour and private capital that are found to be I (1) , is not the best approach. Another problem relates with the fact that it seems implausible tha ...
Polarization of income under structural changes: winner and loses of regional growth in Mexico
... There are no official data of GDP per state before the 1970s1, and only since 1993 the data is annual. The database of state's GDP to be used in this paper is from the National Institute for Statistics, Geography and Information (INEGI) available at www.inegi.gob.mx. The methodology to calculate the ...
... There are no official data of GDP per state before the 1970s1, and only since 1993 the data is annual. The database of state's GDP to be used in this paper is from the National Institute for Statistics, Geography and Information (INEGI) available at www.inegi.gob.mx. The methodology to calculate the ...
PDF
... sector, the government can covertly boost manufacturing relative to primary production simply by taxing exports and/or imports.ln any case the government can argue that the costs of raising general tax revenue directly via income or sales taxes are extremely expensive, so even though trade taxes are ...
... sector, the government can covertly boost manufacturing relative to primary production simply by taxing exports and/or imports.ln any case the government can argue that the costs of raising general tax revenue directly via income or sales taxes are extremely expensive, so even though trade taxes are ...
http://www.cato.org/pubs/journal/cj18n2/cj18n2-1.pdf
... As government expands and taxes increase, the economic loss emanatFIGURE 1 Government Expenditures in Core Categories as a Percentage of GDP ...
... As government expands and taxes increase, the economic loss emanatFIGURE 1 Government Expenditures in Core Categories as a Percentage of GDP ...
10-1-9.CHP:Corel VENTURA - Erasmus Universiteit Rotterdam
... economy to the entrepreneurial economy. We do this by contrasting the most fundamental elements of the newly emerging entrepreneurial economy with those of the managed economy. Contrasting the managed economy with the entrepreneurial economy is not, however, symmetric. While scholars have accumulate ...
... economy to the entrepreneurial economy. We do this by contrasting the most fundamental elements of the newly emerging entrepreneurial economy with those of the managed economy. Contrasting the managed economy with the entrepreneurial economy is not, however, symmetric. While scholars have accumulate ...
Economic growth, employment, and poverty reduction linkages: The
... countries in terms of economic growth for the past four decades. Thailand’s GDP growth averaged about 6.8 per cent per annum since the launch of its First National Economic Development Plan in 1961. However, for the first time in many decades the growth rate plunged in 1996, a year before the onset ...
... countries in terms of economic growth for the past four decades. Thailand’s GDP growth averaged about 6.8 per cent per annum since the launch of its First National Economic Development Plan in 1961. However, for the first time in many decades the growth rate plunged in 1996, a year before the onset ...
ASSESSING EMPIRICAL RELATIONSHIPS BETWEEN OUTPUT
... thought with regard to the determination of the potential output. In the conventional or mainstream theory, the potential output would be determined only by the real resources dynamics: basically the labor force and technological stocks, and the agents’ preferences pattern. Under this perspective, “ ...
... thought with regard to the determination of the potential output. In the conventional or mainstream theory, the potential output would be determined only by the real resources dynamics: basically the labor force and technological stocks, and the agents’ preferences pattern. Under this perspective, “ ...
Real wages, inflation and labour productivity in Australia
... The remainder of this paper has the following structure. Section 2 is a brief overview of the empirical literature. Section 3 provides details of data and methodology. Section 4 is a discussion of the empirical results. Concluding remarks are collated in Section 5. 2. Brief overview of the empirical ...
... The remainder of this paper has the following structure. Section 2 is a brief overview of the empirical literature. Section 3 provides details of data and methodology. Section 4 is a discussion of the empirical results. Concluding remarks are collated in Section 5. 2. Brief overview of the empirical ...
emerging markets outlook - RBC Global Asset Management
... concerns, there are several positive factors that should support emerging-market performance over the medium term. First, commodity prices have been increasing, which along with rising yields supports the view that global growth can accelerate. Second, there is a powerful case that the rally of the ...
... concerns, there are several positive factors that should support emerging-market performance over the medium term. First, commodity prices have been increasing, which along with rising yields supports the view that global growth can accelerate. Second, there is a powerful case that the rally of the ...
South Carolina Competitiveness: Creating a State Economic Strategy Professor Michael E. Porter
... Source: Prof. Michael E. Porter, Cluster Mapping Project, Institute for Strategy and Competitiveness, Harvard Business School; Richard Bryden, Project Director. Copyright © 2012 Professor Michael E. Porter ...
... Source: Prof. Michael E. Porter, Cluster Mapping Project, Institute for Strategy and Competitiveness, Harvard Business School; Richard Bryden, Project Director. Copyright © 2012 Professor Michael E. Porter ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Where k= no. of variables in the model, p= no. of lag terms in the model, T= no. of observation, ∑= variancecovariance matrix 4.3. To find out long run relationship between GDP and growth in other macroeconomic variables applying Multivariate Cointegration test. Cointegration analysis is inherently ...
... Where k= no. of variables in the model, p= no. of lag terms in the model, T= no. of observation, ∑= variancecovariance matrix 4.3. To find out long run relationship between GDP and growth in other macroeconomic variables applying Multivariate Cointegration test. Cointegration analysis is inherently ...
UK Economic Outlook
... slowdown is an expected decline in business investment, particularly from overseas in areas like commercial property, due to uncertainty about the UK’s future trading relationships with • The Bank of England has already the EU and other key trading partners. loosened monetary policy and we would ...
... slowdown is an expected decline in business investment, particularly from overseas in areas like commercial property, due to uncertainty about the UK’s future trading relationships with • The Bank of England has already the EU and other key trading partners. loosened monetary policy and we would ...
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).