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Background Report Volume 2 (PDF 2293KB)
Background Report Volume 2 (PDF 2293KB)

... of available statistical reports provide material for users wishing to examine particular issues in an in-depth manner. Certain indicators have also been presented in a disaggregated manner using classifications such as gender, region and age as appropriate. For some indicators, it may be preferable ...
An Empirical Analysis of the Environmental Kuznets Curve
An Empirical Analysis of the Environmental Kuznets Curve

... solving will be addressed more or less automatically as a consequence of economic growth. The longevity and passion of this debate has, in part, been a reflection of the lack of substantial empirical evidence on how environmental quality changes at different income levels. The relationship between e ...
European Economic Forecast Autumn 2013
European Economic Forecast Autumn 2013

... of growing employment and rising wages, and investment is set to rebound allowing domestic demand to replace net exports as the main driver of growth. Financial frictions weigh on investment ...
Changes in Economic Freedom in Venezuela, Ireland, and the
Changes in Economic Freedom in Venezuela, Ireland, and the

... Its EFW rating dropped to 7.6 and its rank to 20th in 2010. But since then, Ireland has regained its momentum in both economic freedom and economic growth. It re-entered the top 10 in economic freedom in 2012. Unlike other European nations that suffered property busts, such as Portugal and Spain, Ir ...
Fiscal Rules for Ireland - Irish Fiscal Advisory Council
Fiscal Rules for Ireland - Irish Fiscal Advisory Council

Creative Productivity Index: Analysing Creativity and Innovation in Asia
Creative Productivity Index: Analysing Creativity and Innovation in Asia

... This is because Singapore is less effective at turning creative inputs into outputs, as evidenced by its ranking of 10th in the CPI. Singapore’s high creative input score comes from its strong political institutions, intellectual property (IP) protections, investment protection and contract enforcem ...
fiscal space for what? analytical issues from a human
fiscal space for what? analytical issues from a human

... middle-income countries engaged in major development transformations aimed at securing long-term human development and economic growth. This latter focus is at the heart of the Monterrey Consensus and the MDG financing debate. In this context, giving overriding importance to short-term fiscal stabil ...
Modeling Economic Growth
Modeling Economic Growth

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... China’s extraordinarily high national saving rate has been a subject of much concern and analysis. In March 2005, Fed Chairman Ben Bernanke proposed the notion that “savings glut” (i.e., too much saving than needed for domestic investment) in some part of the world – notably China and some oil-expor ...
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Présentation sur fond blanc

... Infrastructure needs are a major boost to investment  Golden Quadrilateral was a huge success: more roads built in India over the past 5 years than there were over the previous 50 years ...
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... Yet, the response of IMF to deal with the supply-side related criticism has remained below satisfaction. Although according to Schadler et al. (1993) internal observations of IMF considered this response to be positive, academics/researchers like Killick (1995) criticized IMF's underlying basis for ...


... There has been a steep decline in the growth of world output and trade during the early years of the 1990s. This unfavourable development in the international environment has been a significant cause of some deceleration of economic growth in the region. Nevertheless, the increasing strength of the ...
Quarterly National Accounts
Quarterly National Accounts

... Gross Domestic Product (GDP) GDP is the aggregate money value of all goods and services produced within a country out of economic activity during a specified period before provision for the consumption of fixed capital. GDP at basic prices GDP at basic prices is obtained as the difference between ou ...
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COUNTRY PROFILE

... Overall review of EU Member States and Associated countries Progress towards increasing the R&D intensity Croatia had an R&D intensity of 0.84% in 2009, a value which is considerably lower than the EU average of 2.01%. R&D intensity in Croatia has fluctuated over the last decade. More precisely, it ...
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... of the single good is required. Since capital is reversible and does not depreciate, its price is equal to one and its return is equal to the flow of production minus operating costs. The flow of production generated by one unit of capital is π⋅dt+σ⋅dω; where π and σ are non-negative constants; and ...
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Europe and Central Asia Economic Update

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Globalization and Absolute Poverty – A Panel Data Study Andreas

... affect poverty, and as discussed before the poverty effect may be counteracted by increases in the income dispersion. Agénor (2004) describes several reasons for expecting economic globalization to decrease poverty in the long run but notes that due to various types of short-run costs, the short-ter ...
NBER WORKING PAPER SERIES WHERE ARE WE NOW? Martin D.D. Evans
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... Information about the current state of real economic activity is widely dispersed across consumers, …rms and policymakers. While individual consumers and …rms know the recent history of their own decisions, they are unaware of the contemporaneous consumption, saving, investment and employment decisi ...
Middle East Real Estate Predictions: Dubai 2015
Middle East Real Estate Predictions: Dubai 2015

... Dubai was down 1.9% in 2014, although ADR increased by 2.5%, resulting in RevPAR growth of 0.6%. Dubai’s Luxury and Upper Upscale sectors experienced the greatest pressure on occupancy, with a fall of 2.4% and 2.7% respectively, predominantly due to the significant increases in supply. Conversely, s ...
Let`s Get This Right: Swiss GDP and Value Added by Industry from
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Agricultural Risk, Intermediate Inputs, and Cross
Agricultural Risk, Intermediate Inputs, and Cross

The Impact of Foreign Direct Investments on Economic Growth in
The Impact of Foreign Direct Investments on Economic Growth in

... gross domestic product (GDP) which rose from 364.5 billion RMB yuan in 1978 to 24’953 billion in 2007 (figure 1). This corresponds to an average annual growth rate of about 9.5%. The corresponding value for the rest of the world was on contrary about 3% (Zhang, 2006a). Figure 1: China’s GDP 1978-200 ...
4. the empirical evidences
4. the empirical evidences

... formed with preferential policies including tax concessions and special privileges for foreign investors. During the reform period, the Chinese government also has developed various FDI and ownership legislations, laws, property rights and contract laws to improve investment condition and business e ...
EXPENDITURES: GROWTH AND STRUCTURE
EXPENDITURES: GROWTH AND STRUCTURE

... Revenue Expenditures: Growth in Interest Payments Interest burden on the government has nearly doubled every five years. 3.10 The government incurs revenue expenditure for the normal day to day running of government departments and various services, interest charges on its incurred debt, subsidies, ...
The Reconnection Agenda
The Reconnection Agenda

... none of us had ever seen. Real gross domestic product (GDP), the broadest measure of the value of all the goods and services in the economy, was contracting at an 8 percent rate, which, if you follow these sorts of things, is technically termed a “nightmare.” I vividly recall the president-elect di ...
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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.
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