NBER WORKING PAPER SERIES BUSINESS CYCLES, CONSUMPTION AND RISK-SHARING: Chadwick C. Curtis
... overtake Japan as the world's second largest. Its sustained growth in real per capita GDP, at an average of 8.6 percent from 1978-2007, is high by any standard.2 While there has been a good deal of economic research done on China, most of it has been on microeconomic issues. Given the pace of global ...
... overtake Japan as the world's second largest. Its sustained growth in real per capita GDP, at an average of 8.6 percent from 1978-2007, is high by any standard.2 While there has been a good deal of economic research done on China, most of it has been on microeconomic issues. Given the pace of global ...
Growth, Trade, and Inequality
... and not just, say, the skill premium (i.e., the relative wage of “skilled”versus “unskilled”workers), which has been the focus of much of the existing theoretical literature. In the next section, we develop the model in the context of a closed economy. A country has a …xed endowment of research capi ...
... and not just, say, the skill premium (i.e., the relative wage of “skilled”versus “unskilled”workers), which has been the focus of much of the existing theoretical literature. In the next section, we develop the model in the context of a closed economy. A country has a …xed endowment of research capi ...
in America Manufacturing The Myth and the Reality of Michael J. Hicks, PhD
... chief among them being the automation and information technology advances absorbed by these sectors over this time period. The higher output per worker has meant firms could lower their price for goods. Very clear examples of this are the price indices for different types of consumer electronics. Se ...
... chief among them being the automation and information technology advances absorbed by these sectors over this time period. The higher output per worker has meant firms could lower their price for goods. Very clear examples of this are the price indices for different types of consumer electronics. Se ...
giw02-wade 222362 en
... day has fallen by 200 million, after rising steadily for 200 years”.3 The opening sentence of the World Development Indicators 2001 says, “Of the world’s 6 billion people 1.2 billion live on less than $1 a day”, the same number in both 1987 and 1998.4 The number of people living in extreme poverty t ...
... day has fallen by 200 million, after rising steadily for 200 years”.3 The opening sentence of the World Development Indicators 2001 says, “Of the world’s 6 billion people 1.2 billion live on less than $1 a day”, the same number in both 1987 and 1998.4 The number of people living in extreme poverty t ...
Overview 2015 - Euler Hermes
... the last 5 years. The risks of non-payment are lower while the ease of doing business is ...
... the last 5 years. The risks of non-payment are lower while the ease of doing business is ...
2. Reliance on foreign capital
... in time as far as we require on a consistent basis. As a result, we have had to use what statistics are available to construct estimates for these variables.3 Figure 4 shows GNI as a percent of GDP from 1970 through to 2003. It is clear from this chart that GNI has become a smaller proportion of GDP ...
... in time as far as we require on a consistent basis. As a result, we have had to use what statistics are available to construct estimates for these variables.3 Figure 4 shows GNI as a percent of GDP from 1970 through to 2003. It is clear from this chart that GNI has become a smaller proportion of GDP ...
View/Open
... political support within Zambia and was revoked in 1986. In response to a sudden economic downturn, the government in 1989 resumed negotiations with these two international institutions, leading to the elaboration of a new SAP in 1990. Structural Adjustment and Economic Performance in the 1990s Give ...
... political support within Zambia and was revoked in 1986. In response to a sudden economic downturn, the government in 1989 resumed negotiations with these two international institutions, leading to the elaboration of a new SAP in 1990. Structural Adjustment and Economic Performance in the 1990s Give ...
QUARTERLY Economic Review of Barbados
... The fiscal deficit at the end of October 2015 was estimated at around 4.0 per cent of total nominal GDP. This was mainly attributed to the growing expenditure commitments to public institutions; tax receipts overall were low despite some buoyancy from land-tax collections. Current revenue was estima ...
... The fiscal deficit at the end of October 2015 was estimated at around 4.0 per cent of total nominal GDP. This was mainly attributed to the growing expenditure commitments to public institutions; tax receipts overall were low despite some buoyancy from land-tax collections. Current revenue was estima ...
Classifying and predicting country types through
... policies high social development is possible, even without a thriving economy. This suggests that for countries to become high achievers investments in education and health need to be the highest priority. In countries where growth has been historically low, such investments can provide the foundati ...
... policies high social development is possible, even without a thriving economy. This suggests that for countries to become high achievers investments in education and health need to be the highest priority. In countries where growth has been historically low, such investments can provide the foundati ...
NBER WORKING PAPER SERIES SEPARATING THE BUSINESS CYCLE FROM OTHER ECONOMIC FLUCTUATIONS
... ogenous spending appear to be roughly equal contributors to the volatility of real GDP. Much of that volatility, in fact, appears to come from the neoclassical mechanisms embodied in the RBC model and not from the transitory departures from neoclassical equilibrium that might be called the business ...
... ogenous spending appear to be roughly equal contributors to the volatility of real GDP. Much of that volatility, in fact, appears to come from the neoclassical mechanisms embodied in the RBC model and not from the transitory departures from neoclassical equilibrium that might be called the business ...
oya - Amazon Web Services
... Food price inflation has been increasing steadily at both the producer and consumer level in the past year – JPMorgan does not expect it to unwind just yet ...
... Food price inflation has been increasing steadily at both the producer and consumer level in the past year – JPMorgan does not expect it to unwind just yet ...
Negative Effect on Growth via Human Capital Allocation
... public/private sector participation ratio from time 0 to time t. α7 [log (public/private sector wages)-log (public/private sector wages)] represents the change in wage ratio over that period (if any). It is included so that if the changes in public/private sector participation are due to the wage ra ...
... public/private sector participation ratio from time 0 to time t. α7 [log (public/private sector wages)-log (public/private sector wages)] represents the change in wage ratio over that period (if any). It is included so that if the changes in public/private sector participation are due to the wage ra ...
Intermediate Macroeconomics
... – Real GDP values goods and services at constant prices – Nominal GDP values goods and services at current prices – Real GDP – a better measure of economic well-being – Real GDP rises only when the amount of goods and services produced in the economy rises – Nominal GDP can rise because output has i ...
... – Real GDP values goods and services at constant prices – Nominal GDP values goods and services at current prices – Real GDP – a better measure of economic well-being – Real GDP rises only when the amount of goods and services produced in the economy rises – Nominal GDP can rise because output has i ...
TRA Quarterly, Issue 1: September 2012 Executive summary Key
... Growth has been solid for most key visitor demand and expenditure categories over the past year but growth slowed considerably in the September quarter 2012 for all expenditure categories, except domestic day trips. Despite the continuing strength of the Australian dollar, Australia’s inbound touris ...
... Growth has been solid for most key visitor demand and expenditure categories over the past year but growth slowed considerably in the September quarter 2012 for all expenditure categories, except domestic day trips. Despite the continuing strength of the Australian dollar, Australia’s inbound touris ...
10.04 The International Effects of China`s Growth, Trade and
... education boom. The aim of this paper therefore is undertake a quantitative assessment of the broad stylized facts regarding China’s growth, trade bias and education boom, focusing in particular on their impacts on the USA. To do this we construct a model of the Chinese and USA economies. The model ...
... education boom. The aim of this paper therefore is undertake a quantitative assessment of the broad stylized facts regarding China’s growth, trade bias and education boom, focusing in particular on their impacts on the USA. To do this we construct a model of the Chinese and USA economies. The model ...
Uncertain Demographic Futures and Government Budgets
... taking into account, as well. Growth of the revenue base in relation to the size of the preexisting government debt will also influence future tax rates. B. Explicitly Incorporating the Uncertainty of Forecasts Demographers have been working for many decades on the problem of producing long term sto ...
... taking into account, as well. Growth of the revenue base in relation to the size of the preexisting government debt will also influence future tax rates. B. Explicitly Incorporating the Uncertainty of Forecasts Demographers have been working for many decades on the problem of producing long term sto ...
The Loss of Property Rights and the Collapse of
... The reason is that it possessed large dams and well-engineered irrigation systems for its commercial farming regions. Because of the early and large amount of rainfall in late 2001, dams throughout Zimbabwe were reported as full, with enough water to last through the ...
... The reason is that it possessed large dams and well-engineered irrigation systems for its commercial farming regions. Because of the early and large amount of rainfall in late 2001, dams throughout Zimbabwe were reported as full, with enough water to last through the ...
Solid Minerals, Government Effectiveness and Poverty Reduction in
... Despite the richness of Nigeria in solid minerals and other natural resources, (Barth, 2016; Alison-Madueke, 2009), there exists high level of poverty caused by lack of diversification of the economy due to economic mismanagement. Studies have shown that solid minerals are capable of spurring econom ...
... Despite the richness of Nigeria in solid minerals and other natural resources, (Barth, 2016; Alison-Madueke, 2009), there exists high level of poverty caused by lack of diversification of the economy due to economic mismanagement. Studies have shown that solid minerals are capable of spurring econom ...
the size and functions of government and economic
... expenditures are increasingly channeled into less and less productive activities. Eventually, as the government becomes larger and undertakes more activities for which it is ill suited, negative returns set in and economic growth is retarded. This is likely to result when governments become involved ...
... expenditures are increasingly channeled into less and less productive activities. Eventually, as the government becomes larger and undertakes more activities for which it is ill suited, negative returns set in and economic growth is retarded. This is likely to result when governments become involved ...
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.