Since foreign demand is the driving force behind the growth
... due to the fact that its government followed the economic, and social strategies that it created before the independence. They started the transition following the strategy of creating new economic advantages based on the inherited ones. Slovenian government did not choose the fast but gradual priva ...
... due to the fact that its government followed the economic, and social strategies that it created before the independence. They started the transition following the strategy of creating new economic advantages based on the inherited ones. Slovenian government did not choose the fast but gradual priva ...
full text - Economics and Business Review
... Convergence is the process of levelling the economic variables (mainly by means of levelling economic growth, most often shown as GDP per capita measured by purchasing power parities) between different countries or regions caused by the faster development of poorer countries and regions. Convergence ...
... Convergence is the process of levelling the economic variables (mainly by means of levelling economic growth, most often shown as GDP per capita measured by purchasing power parities) between different countries or regions caused by the faster development of poorer countries and regions. Convergence ...
Mr. Mushtaq Khan
... These are desirable goals in their own right, but in theory the achievement of these conditions would also help resource mobilization and market-driven growth ...
... These are desirable goals in their own right, but in theory the achievement of these conditions would also help resource mobilization and market-driven growth ...
... the role of government in determining the allocation of resources to particular industries, in building infrastructure and in the development of the educational system. The widely discussed report published by the World Bank (1993) on the East Asian ``Miracle'' endeavored to draw lessons not just fr ...
PDF
... between consumption levels (across countries) must be constant over time. Chiarella determines the long-run ratio (steady state) of consumption levels between the two countries when the utility function is logarithmic and discount factors across countries are different. Jan H. van Geldrop and Cees A. ...
... between consumption levels (across countries) must be constant over time. Chiarella determines the long-run ratio (steady state) of consumption levels between the two countries when the utility function is logarithmic and discount factors across countries are different. Jan H. van Geldrop and Cees A. ...
Lecture 3
... a period (usually the year) within a country. • Gross national product- The total market value of all final goods and services produced in a period (usually the year) by Australians. – So an Australian lawyer working overseas for 6 months would include his overseas earnings as Aussie GNP but not Aus ...
... a period (usually the year) within a country. • Gross national product- The total market value of all final goods and services produced in a period (usually the year) by Australians. – So an Australian lawyer working overseas for 6 months would include his overseas earnings as Aussie GNP but not Aus ...
The economic opportunities and issues facing
... 35. Central banks have moved into negative deposit interest rates. At February 2015, Sweden, Denmark, Switzerland and Finland central banks had moved to charging negative deposit rates. In December 2015 Mari Dragi and central Bank of Europe moved official rates below zero to -0.3%. At January 2016 t ...
... 35. Central banks have moved into negative deposit interest rates. At February 2015, Sweden, Denmark, Switzerland and Finland central banks had moved to charging negative deposit rates. In December 2015 Mari Dragi and central Bank of Europe moved official rates below zero to -0.3%. At January 2016 t ...
k - Université de Liège
... where t is the number of periods = (number of dates – 1). (e.g. 1991, 1992 and 1993 are 3 dates but 1991-1992 and 1992-1993 are two periods). This average growth rate R is calculated by using the geometric mean where the growth rate compound continuously. If the number of periods is 1, then t = 1 an ...
... where t is the number of periods = (number of dates – 1). (e.g. 1991, 1992 and 1993 are 3 dates but 1991-1992 and 1992-1993 are two periods). This average growth rate R is calculated by using the geometric mean where the growth rate compound continuously. If the number of periods is 1, then t = 1 an ...
economic policies and management
... Govt policy aims to reduce some of the gap between higher and lower income earners through redistribution policy In recent years, govts have tended to give a lower priority to reducing inequality and focusing on those policies which hep achieve economic growth i.e. low inflation, sustained growth, i ...
... Govt policy aims to reduce some of the gap between higher and lower income earners through redistribution policy In recent years, govts have tended to give a lower priority to reducing inequality and focusing on those policies which hep achieve economic growth i.e. low inflation, sustained growth, i ...
Economic Growth and Sustainable Development
... The extent of the problems currently besetting the environment and natural resources reflects the major socio-economic progress achieved in the 20th century, especially since the end of the Second World War. The world’s population is set to double over the next 50 years, and this trend is likely to ...
... The extent of the problems currently besetting the environment and natural resources reflects the major socio-economic progress achieved in the 20th century, especially since the end of the Second World War. The world’s population is set to double over the next 50 years, and this trend is likely to ...
Northeast Ohio’s Economic Development Challenge
... o Unions: Unions are seen as being averse to change, or slow to change, because of internal political pressures. This is a perception that the panelists consider detrimental to the area because it seems so out of sync with today’s rapidly changing world. o Finance: “As bankers, it’s tough to get our ...
... o Unions: Unions are seen as being averse to change, or slow to change, because of internal political pressures. This is a perception that the panelists consider detrimental to the area because it seems so out of sync with today’s rapidly changing world. o Finance: “As bankers, it’s tough to get our ...
The Economic Growth of East Asia and Latin America in
... from external price shocks, the government also has established a copper price stabilization fund to ensure that windfall revenues from commodity price booms are sterilized in order to sustain government expenditure (and economic activity) during periods when copper prices fall below their medium-te ...
... from external price shocks, the government also has established a copper price stabilization fund to ensure that windfall revenues from commodity price booms are sterilized in order to sustain government expenditure (and economic activity) during periods when copper prices fall below their medium-te ...
When the fall of economic activity finally bottomed out in the second
... [Excerpt] The 2007-2009 recession was long and deep, and according to several indicators was the most severe economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point t ...
... [Excerpt] The 2007-2009 recession was long and deep, and according to several indicators was the most severe economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point t ...
research paper series Research Paper 2005/41
... with 5% of all people – had 50% of Internet users. By contrast, South Asia is home to over 20% of all people, but had less than 1% of the world’s Internet users.” This shows that a very small proportion of people have access to modern technologies. ...
... with 5% of all people – had 50% of Internet users. By contrast, South Asia is home to over 20% of all people, but had less than 1% of the world’s Internet users.” This shows that a very small proportion of people have access to modern technologies. ...
All Men Created Unequal: Trends and Factors of Inequality in the
... trade played almost no role in explaining the slow growth of workers’ wages since the 1970s . If the StolperSamuelson theorem influenced these wages, the non-production labor wages should increase as the international production labor wages increase. However, this did not occur- non-production labor ...
... trade played almost no role in explaining the slow growth of workers’ wages since the 1970s . If the StolperSamuelson theorem influenced these wages, the non-production labor wages should increase as the international production labor wages increase. However, this did not occur- non-production labor ...
Michael Bruno Working Paper 1050
... primarily shifts in aggregate demand in response to the earlier supply shock. •(Figure I includes a separate point for Israel in January—May 1977, not only because May 1977 marked a shift in political regimes, but because it clearly shows that inflation was at that time decelerating in a way that ap ...
... primarily shifts in aggregate demand in response to the earlier supply shock. •(Figure I includes a separate point for Israel in January—May 1977, not only because May 1977 marked a shift in political regimes, but because it clearly shows that inflation was at that time decelerating in a way that ap ...
Macro coordination: Forward Guidance as `cheap
... Stagflation); the other represents a Recovery path where high productivity growth keeps inflation at its target rate without any need to raise interest rates. We indicate first how various outcomes result from different choices as to rates of productivity growth and interest rates. Then we specify o ...
... Stagflation); the other represents a Recovery path where high productivity growth keeps inflation at its target rate without any need to raise interest rates. We indicate first how various outcomes result from different choices as to rates of productivity growth and interest rates. Then we specify o ...
will flat-lining become normal?
... of GDP in 2010.2 The key change here occurred during the 1980s. In 1970 and 1980 employee compensation was around 59 per cent of GDP, but by 1990 this had fallen to 55 per cent. Since 1990 the proportion has been very stable. If a period of elevated returns is relatively brief - for example, if it o ...
... of GDP in 2010.2 The key change here occurred during the 1980s. In 1970 and 1980 employee compensation was around 59 per cent of GDP, but by 1990 this had fallen to 55 per cent. Since 1990 the proportion has been very stable. If a period of elevated returns is relatively brief - for example, if it o ...
Ch4
... pays to clean the environment, the GDP will be higher than if the producer tried to reduce pollution during production so no clean-up was necessary. ...
... pays to clean the environment, the GDP will be higher than if the producer tried to reduce pollution during production so no clean-up was necessary. ...
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.