Financial development, real sector output, and economic growth
... measures of output of the financial sector. Accordingly, we proxy the real sector development by the industrial output growth. A number of studies have discussed the interrelationship between financial development and industrial output at the micro-level. These studies have shown that the effect of ...
... measures of output of the financial sector. Accordingly, we proxy the real sector development by the industrial output growth. A number of studies have discussed the interrelationship between financial development and industrial output at the micro-level. These studies have shown that the effect of ...
Is Uganda`s Growth Profile Jobless? Edward Bbaale School of
... the service sector and the labor force has followed hence it might generate more employment than agriculture and manufacturing. However, Melamed et al., (2011) notes that many jobs in the services sector have strong linkages to manufacturing or agriculture and hence a strategy that focuses entirely ...
... the service sector and the labor force has followed hence it might generate more employment than agriculture and manufacturing. However, Melamed et al., (2011) notes that many jobs in the services sector have strong linkages to manufacturing or agriculture and hence a strategy that focuses entirely ...
Untitled
... rate of growth to that in 2004–06. Business sector product is expected to increase by 6.2 percent, slightly below the rate in the last few years. Economic indicators also show that the fast rate of expansion of economic activity was maintained. The composite state-of-the-economy index continued risi ...
... rate of growth to that in 2004–06. Business sector product is expected to increase by 6.2 percent, slightly below the rate in the last few years. Economic indicators also show that the fast rate of expansion of economic activity was maintained. The composite state-of-the-economy index continued risi ...
Discretionary fiscal policies, automatic stabilisation and economic
... Finally, there is a clear risk that tax cuts or spending increases that are intended to be temporary will, in practice, become permanent, as governments – for example those close to elections – tend to refrain from reversing new benefit programmes. This raises the risk of government debt accumulatio ...
... Finally, there is a clear risk that tax cuts or spending increases that are intended to be temporary will, in practice, become permanent, as governments – for example those close to elections – tend to refrain from reversing new benefit programmes. This raises the risk of government debt accumulatio ...
Is the export-led growth hypothesis valid
... extremely complex process, which depends on many variables such as capital accumulation (both physical and human), trade, price fluctuations, political conditions and income distribution, and even more on geographical characteristics. ...
... extremely complex process, which depends on many variables such as capital accumulation (both physical and human), trade, price fluctuations, political conditions and income distribution, and even more on geographical characteristics. ...
Gross Domestic Product - Central Piedmont Community College
... to oranges.” Because market prices measure the amount people are willing to pay for different goods, they reflect the value of those goods) ...
... to oranges.” Because market prices measure the amount people are willing to pay for different goods, they reflect the value of those goods) ...
Recommending a Strategy
... V cannot be directly observed, but is measured as PT/V T actually stands for the total real volume of transactions in the economy but in general cannot be directly observed either T is frequently identified with real GDP (value added), Y and is typically assumed to be proportional to Y (real GDP), T ...
... V cannot be directly observed, but is measured as PT/V T actually stands for the total real volume of transactions in the economy but in general cannot be directly observed either T is frequently identified with real GDP (value added), Y and is typically assumed to be proportional to Y (real GDP), T ...
pg07 Mamatzakis3 5108779 en
... public investment from 12% in the early eighties to bellow 5% in the early nineties. This development comes in parallel with a sluggish economic growth performance and a major economic crisis in the mid nineties. Moreover, OECD (2003) argue that Mexican industry has been under stressed due to the re ...
... public investment from 12% in the early eighties to bellow 5% in the early nineties. This development comes in parallel with a sluggish economic growth performance and a major economic crisis in the mid nineties. Moreover, OECD (2003) argue that Mexican industry has been under stressed due to the re ...
Presentation by the Bosnian Delegation (Republica Srpska)
... System delivers a low rate-of-return & low replacement rate • High % of employed are not contributing to the pension system or are sub declaring ...
... System delivers a low rate-of-return & low replacement rate • High % of employed are not contributing to the pension system or are sub declaring ...
Austerity, economic growth, multipliers – and a radical solution to the
... o another IMF study showed that the ‘good governance’ of reduced regulation – a key part of the Troika’s austerity programmes - is not simply of no benefit but a serious liability: countries which follow this recipe for economic liberalisation consistently performed worse in the economic crisis than ...
... o another IMF study showed that the ‘good governance’ of reduced regulation – a key part of the Troika’s austerity programmes - is not simply of no benefit but a serious liability: countries which follow this recipe for economic liberalisation consistently performed worse in the economic crisis than ...
Unit F582 - The national and international economy - June
... Explain the likely relationships between changes in consumer expenditure and investment. Up to four marks One mark for positive relationship One mark for higher consumer expenditure will mean firms will be selling more products. One mark for higher consumer expenditure may increase profits One mark ...
... Explain the likely relationships between changes in consumer expenditure and investment. Up to four marks One mark for positive relationship One mark for higher consumer expenditure will mean firms will be selling more products. One mark for higher consumer expenditure may increase profits One mark ...
+ = GDP
... GDP is the most widely used measure of economic performance. GDP is measured quarterly. GDP = total value of goods and services produced in the United States in a given year. Many transactions have to be excluded from GDP ...
... GDP is the most widely used measure of economic performance. GDP is measured quarterly. GDP = total value of goods and services produced in the United States in a given year. Many transactions have to be excluded from GDP ...
Impact of Foreign Direct Investment on Gross
... markets gain significantly from FDI in their economic growth. Muhammad I.Al-Halameh and Abedalsattar M. Sayah (2010) examined the impact of FDI on share market in Amman exchange market. They collected primary data by distributed self administrated questionnaire among 100 people and secondary data fr ...
... markets gain significantly from FDI in their economic growth. Muhammad I.Al-Halameh and Abedalsattar M. Sayah (2010) examined the impact of FDI on share market in Amman exchange market. They collected primary data by distributed self administrated questionnaire among 100 people and secondary data fr ...
Juraj Dobrila University of Pula
... link between labour productivity and tourism could happen because stronger tourism activity causes attraction of employment. As we know tourism is a traditional service & labour intensive sector, and in nature it is much less productive than a various manufacturing production. In generally, overall ...
... link between labour productivity and tourism could happen because stronger tourism activity causes attraction of employment. As we know tourism is a traditional service & labour intensive sector, and in nature it is much less productive than a various manufacturing production. In generally, overall ...
Total Factor Productivity. A Short Biography - UMD Econ
... much too large or much too small, depending on one’s view of the matter. The truth undoubtedly lies somewhere between the two extremes, but where? This essay attempts to illuminate, if not answer, this question. Its 2. If all prices (not just the CPI prices) grew at a rate that was actually 0.6 perc ...
... much too large or much too small, depending on one’s view of the matter. The truth undoubtedly lies somewhere between the two extremes, but where? This essay attempts to illuminate, if not answer, this question. Its 2. If all prices (not just the CPI prices) grew at a rate that was actually 0.6 perc ...
Resource Wealth and Entrepreneurship: A Blessing
... Higher levels of real GDP per capita can be a proxy for local market size for the potential entrepreneurs. The MENA real GDP per capital lags behind LA, OECD and average world but is higher than EAP and SSA. Although market size and power of purchase are higher in the MENA region than in EAP and esp ...
... Higher levels of real GDP per capita can be a proxy for local market size for the potential entrepreneurs. The MENA real GDP per capital lags behind LA, OECD and average world but is higher than EAP and SSA. Although market size and power of purchase are higher in the MENA region than in EAP and esp ...
The Brazilian Economy in Transition
... period. Over the last decade, 31.5 million Brazilians were lifted out of poverty and, of that number, over 16 million out of extreme poverty. There were also large changes in how the gains from economic growth were distributed, as compared with the prior decade. For example, the top 10 percent of ho ...
... period. Over the last decade, 31.5 million Brazilians were lifted out of poverty and, of that number, over 16 million out of extreme poverty. There were also large changes in how the gains from economic growth were distributed, as compared with the prior decade. For example, the top 10 percent of ho ...
Technology Choices and Growth
... manufacturing AVM, and lowering labour LM) – This compares with other approaches in the literature: • Lewis's two sectors development model (1954) (role of unlimited supply of labour) • Rostow’s stages of economic growth (1991) (V: from precondition to take off…to beyond mass consumption) • “Big pus ...
... manufacturing AVM, and lowering labour LM) – This compares with other approaches in the literature: • Lewis's two sectors development model (1954) (role of unlimited supply of labour) • Rostow’s stages of economic growth (1991) (V: from precondition to take off…to beyond mass consumption) • “Big pus ...
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.