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... in what is purchased with that produce from other nations. “According therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniences fo ...
... in what is purchased with that produce from other nations. “According therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniences fo ...
Choice, Change, Challenge, and Opportunity
... – The shock that drives the cycle in RBC is the same force that generates economic growth. – RBC concentrates on its SR consequences: growth theory concentrates on its long-term consequences. ...
... – The shock that drives the cycle in RBC is the same force that generates economic growth. – RBC concentrates on its SR consequences: growth theory concentrates on its long-term consequences. ...
Stock Market Development and Economic Growth : Evidence of China
... amount / nominal GDP) per capita real GDP on the impact of significant and stock market liquidity have made every 1% increase in real GDP per capita growth rate of about 0.0851%. Levine and Zervos (1996) use stock market capitalization rate, the stock market liquidity indicators, stock market tradi ...
... amount / nominal GDP) per capita real GDP on the impact of significant and stock market liquidity have made every 1% increase in real GDP per capita growth rate of about 0.0851%. Levine and Zervos (1996) use stock market capitalization rate, the stock market liquidity indicators, stock market tradi ...
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... unemployment rate fell to 5.0 percent in November 2015, wage growth after the recession has been minimal. Employment levels for long-term unemployed workers, marginally attached workers, and those working part time for economic reasons are improving, but remain below prerecession levels. Determining ...
... unemployment rate fell to 5.0 percent in November 2015, wage growth after the recession has been minimal. Employment levels for long-term unemployed workers, marginally attached workers, and those working part time for economic reasons are improving, but remain below prerecession levels. Determining ...
The SNA: Facing a Choice Between Measurability and Relevance?
... Second, developments in national account are expected to lead to an increasing part in total GDP of services that are produced for final consumption. The 2008 SNA included expenses on R&D as gross fixed capital formation, leading to an increase of the final consumption of these services. It is of co ...
... Second, developments in national account are expected to lead to an increasing part in total GDP of services that are produced for final consumption. The 2008 SNA included expenses on R&D as gross fixed capital formation, leading to an increase of the final consumption of these services. It is of co ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... rather than cross-country data on proxy variables. The estimates of human capital stocks by Kendrick (1969) for the United States and those by the author ( Q o 1993) for South Korea are used in the estimation of an aggregate CobbDouglas production function. In particular, we explicitly test the mode ...
... rather than cross-country data on proxy variables. The estimates of human capital stocks by Kendrick (1969) for the United States and those by the author ( Q o 1993) for South Korea are used in the estimation of an aggregate CobbDouglas production function. In particular, we explicitly test the mode ...
Interactive Tool
... and the resulting low interest rates helped increase investment and consumer spending during and since the recession. As the economy recovered, the growth of real GDP increased and beginning in June 2004, the Federal Reserve began to be concerned with potential inflationary pressures. The target fed ...
... and the resulting low interest rates helped increase investment and consumer spending during and since the recession. As the economy recovered, the growth of real GDP increased and beginning in June 2004, the Federal Reserve began to be concerned with potential inflationary pressures. The target fed ...
Chained-Dollar Indexes Issues, Tips on Their Use, and Upcoming Changes
... equipment in 1996 are not appropriate for measuring the real changes in defense spending in the 1940s, just as 1996 computer prices are out of date for measuring the growth in information processing equipment in 2003. Not only are fixed weights irrelevant, but their use also results in the substitut ...
... equipment in 1996 are not appropriate for measuring the real changes in defense spending in the 1940s, just as 1996 computer prices are out of date for measuring the growth in information processing equipment in 2003. Not only are fixed weights irrelevant, but their use also results in the substitut ...
Where the money should be forwarded to achieve the MDGs for
... impact of different financing option to reduce poverty and MDG achievement in Costa Rica. It is a middle income country that already achieved the MDG targets for access to water and sanitation and poverty before year 2000. Financing the required public spending through direct taxes or external borro ...
... impact of different financing option to reduce poverty and MDG achievement in Costa Rica. It is a middle income country that already achieved the MDG targets for access to water and sanitation and poverty before year 2000. Financing the required public spending through direct taxes or external borro ...
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... real estate markets, the Chinese government also imin real disposable income and favourable earnings proved financing conditions and relaxed the condiprospects. Last but not least, impetus was provided tions for acquiring second homes in some regions. All by fiscal policy via expanding the railway n ...
... real estate markets, the Chinese government also imin real disposable income and favourable earnings proved financing conditions and relaxed the condiprospects. Last but not least, impetus was provided tions for acquiring second homes in some regions. All by fiscal policy via expanding the railway n ...
Investment, Capacity, and Uncertainty: A Putty-Clay Approach 1 FRBSF Working Paper 2002-03
... equilibrium implications. The partial equilibrium analysis focuses on the intensive margin where the decision is how much to invest per project, while the general equilibrium analysis takes into account movements in relative prices and investment on the extensive margin that occurs through new entry ...
... equilibrium implications. The partial equilibrium analysis focuses on the intensive margin where the decision is how much to invest per project, while the general equilibrium analysis takes into account movements in relative prices and investment on the extensive margin that occurs through new entry ...
Web Resources for Faculty Members
... Describe a bank’s required and excess reserves. Explain why a commercial bank is required to maintain a reserve and why it isn’t sufficient to cover deposits. Describe what the effects on the money supply when a commercial bank makes a loan, when a loan is repaid or when securities are purchased ...
... Describe a bank’s required and excess reserves. Explain why a commercial bank is required to maintain a reserve and why it isn’t sufficient to cover deposits. Describe what the effects on the money supply when a commercial bank makes a loan, when a loan is repaid or when securities are purchased ...
Waco MSA Traded Industry Clusters
... growth because primary industries, such as food processing and manufacturing, have become less labor intensive. From 1998 to 2013 the average annual growth rate in Waco Metro Area productivity, measured by real GDP per labor force participant, amounted to 1.35%. In 2013 the average labor force parti ...
... growth because primary industries, such as food processing and manufacturing, have become less labor intensive. From 1998 to 2013 the average annual growth rate in Waco Metro Area productivity, measured by real GDP per labor force participant, amounted to 1.35%. In 2013 the average labor force parti ...
Chapter 4 Economic effects of population growth and ageing in
... expenditures and revenue. We now briefly review some literature to give a flavour of potential implications; many of these positions depend on the source of population ageing and provide little consensus. Changes in fertility rates How do changes in fertility rates affect the government budget, savi ...
... expenditures and revenue. We now briefly review some literature to give a flavour of potential implications; many of these positions depend on the source of population ageing and provide little consensus. Changes in fertility rates How do changes in fertility rates affect the government budget, savi ...
... are uniformly unfavorable. Average hours worked per capita have fallen since 2000. Growth in so-called labor quality has slowed considerably. The net domestic investment rate has been trending downward for decades. And total factor productivity (TFP) growth, our best measure of innovation, has subsi ...
External Liberalization in Asia, Post-Socialist Europe, and Brazil Lance Taylor
... to finance the imports needed to hold down prices of traded goods in exchange rate-based inflation stabilization programs (Brazil and other countries in Latin America). When they removed restrictions on capital movements, most countries received a surge of inflows from abroad. They came in subject ...
... to finance the imports needed to hold down prices of traded goods in exchange rate-based inflation stabilization programs (Brazil and other countries in Latin America). When they removed restrictions on capital movements, most countries received a surge of inflows from abroad. They came in subject ...
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.