T.W. Schultz Lecture Accounting for the Poor Robert M. Townsend
... and how poor people make decisions. T.W. Schultz, a Nobel Laureate, former professor of economics at the University of Chicago, and former president of the American Economic Association, spent his career working in development and agricultural economics. In his 1980 Nobel Prize acceptance speech, Sc ...
... and how poor people make decisions. T.W. Schultz, a Nobel Laureate, former professor of economics at the University of Chicago, and former president of the American Economic Association, spent his career working in development and agricultural economics. In his 1980 Nobel Prize acceptance speech, Sc ...
Modelling where few have modelled before:
... • Large-scale investment aid for physical infrastructure, human resources, production incentives • EC and local (public & private) co-finance • Targeted at lagging EU member states • Massively expanded after 1989 • Implemented through multi-year National Development Plans ...
... • Large-scale investment aid for physical infrastructure, human resources, production incentives • EC and local (public & private) co-finance • Targeted at lagging EU member states • Massively expanded after 1989 • Implemented through multi-year National Development Plans ...
Measuring National Well-being: Economic Well-being
... Second, adjustments need to be made for net current transfers (for example, current international co-operation or remittances between households) from and to other countries. Making this adjustment to NNI gives Net National Disposable Income (NNDI). Third, changes in standards of living are also det ...
... Second, adjustments need to be made for net current transfers (for example, current international co-operation or remittances between households) from and to other countries. Making this adjustment to NNI gives Net National Disposable Income (NNDI). Third, changes in standards of living are also det ...
DEMOCRATIZATION, QUALITY OF INSTITUTIONS AND …
... The recent Human Development Report (UNDP, 2002), entitled Deepening democracy in a fragmented world, argues that there is no trade-off between democracy and growth and that democracies in fact contribute to stability and equitable economic and social development. Rodrik (1997) does not find much of ...
... The recent Human Development Report (UNDP, 2002), entitled Deepening democracy in a fragmented world, argues that there is no trade-off between democracy and growth and that democracies in fact contribute to stability and equitable economic and social development. Rodrik (1997) does not find much of ...
Economic Development in Eastern Germany
... time. The parameter 0 is an inverse measure of the importance of moving cost. According to equ. (7) migration cost are assumed to increase with the number of migrants due to congestion (cf. Braun, 1993, p. 24).11 Notice that the individual moving decision is a binary decision. Migrants leave t ...
... time. The parameter 0 is an inverse measure of the importance of moving cost. According to equ. (7) migration cost are assumed to increase with the number of migrants due to congestion (cf. Braun, 1993, p. 24).11 Notice that the individual moving decision is a binary decision. Migrants leave t ...
Occ asiOnal PaPer series
... countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the challenges of real convergence will remain relevant fo ...
... countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the challenges of real convergence will remain relevant fo ...
expand - World Bank
... Amid market concerns about global prospects and possible further increases in U.S. interest rates, investor risk aversion has increased. Within the region, this aversion has been compounded by domestic political uncertainty, weak regional economic activity, and the renewed decline in commodity price ...
... Amid market concerns about global prospects and possible further increases in U.S. interest rates, investor risk aversion has increased. Within the region, this aversion has been compounded by domestic political uncertainty, weak regional economic activity, and the renewed decline in commodity price ...
NBER WORKING PAPER SERIES CAPITAL DEEPENING AND NON-BALANCED ECONOMIC GROWTH Daron Acemoglu
... Ariel Burstein for help with the simulations. Acemoglu acknowledges financial support from the Russell Sage Foundation and the NSF. An early version of this paper was circulated under the title “Non-Balanced Endogenous Growth”. The views expressed herein are those of the author(s) and do not necessa ...
... Ariel Burstein for help with the simulations. Acemoglu acknowledges financial support from the Russell Sage Foundation and the NSF. An early version of this paper was circulated under the title “Non-Balanced Endogenous Growth”. The views expressed herein are those of the author(s) and do not necessa ...
NBER WORKING PAPER SERIES VOICE AND GROWTH: WAS CHURCHILL RIGHT?
... For many issues, GDP per capita has proven its usefulness as a strong correlate of well-being. The issue of democracy and growth is different, however. Most obviously, freedom is valued for itself, and people in the past have given up large amounts of income for it.14 The obvious value of freedom it ...
... For many issues, GDP per capita has proven its usefulness as a strong correlate of well-being. The issue of democracy and growth is different, however. Most obviously, freedom is valued for itself, and people in the past have given up large amounts of income for it.14 The obvious value of freedom it ...
rebasing national accounts estimates
... The way forward ....................................................................................................................................... 9 Economic activities in the two series ....................................................................................................... 9 Ag ...
... The way forward ....................................................................................................................................... 9 Economic activities in the two series ....................................................................................................... 9 Ag ...
IOSR Journal of Business and Management (IOSR-JBM)
... planners to calculate fairly accurate ratios of investment to national income that will be required either to achieve a particular rate of growth or to prevent capital per head or income per head from falling. The roles of financial institutions are critical in economic development as they engage in ...
... planners to calculate fairly accurate ratios of investment to national income that will be required either to achieve a particular rate of growth or to prevent capital per head or income per head from falling. The roles of financial institutions are critical in economic development as they engage in ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... where at least one or two of these indices are worsening, it demonstrates a clear case of paradox. An economic growth does not automatically lead or translates to development without deliberate efforts and commitments. Until late 2014 when the IMF projected Nigeria’s economic growth to be at about 5 ...
... where at least one or two of these indices are worsening, it demonstrates a clear case of paradox. An economic growth does not automatically lead or translates to development without deliberate efforts and commitments. Until late 2014 when the IMF projected Nigeria’s economic growth to be at about 5 ...
Handout with solution
... growing at 14% per year. How long will it take for Ghana’s GDP to catch up with the United States? ...
... growing at 14% per year. How long will it take for Ghana’s GDP to catch up with the United States? ...
Which of the following occurs when real GDP reaches its
... Which productivity model is often interpreted as the contribution to economic growth made by factors such as technical and organizational innovation? A ...
... Which productivity model is often interpreted as the contribution to economic growth made by factors such as technical and organizational innovation? A ...
Massachusetts economic growth
... 3. DRIVERS OF ECONOMIC GROWTH Productivity Productivity is a key determinant of long term, sustainable economic growth and measures the output that can be produced with a given set of inputs. Labour productivity is a common indicator with GDP per hour the preferred measure (as it takes into account ...
... 3. DRIVERS OF ECONOMIC GROWTH Productivity Productivity is a key determinant of long term, sustainable economic growth and measures the output that can be produced with a given set of inputs. Labour productivity is a common indicator with GDP per hour the preferred measure (as it takes into account ...
Environmental Quality and Economic Development in the Libyan Arab Jamahiriya:
... These effects are: scale effect, composition effect and technique effect. Firstly, scale effect asserts that even if the structure of the economy and technology does not change, an increase in production will result in increased pollution and environmental degradation. This means that greater econom ...
... These effects are: scale effect, composition effect and technique effect. Firstly, scale effect asserts that even if the structure of the economy and technology does not change, an increase in production will result in increased pollution and environmental degradation. This means that greater econom ...
PDF
... where the shifting direction of growth is determined by the elasticity of substitution in consumption. López et.al. (2007) examine supply-induced structural change in the context of a bang-bang investment model where all assets are produced by the same production function; however, they do not inte ...
... where the shifting direction of growth is determined by the elasticity of substitution in consumption. López et.al. (2007) examine supply-induced structural change in the context of a bang-bang investment model where all assets are produced by the same production function; however, they do not inte ...
Inequality and poverty in a developing economy
... This paper attempts to address these questions employing the Spanish experience between 1860 and 1930 as a case study. The lack of information regarding inequality and poverty in 19th and early 20th century Spain has similarly long troubled historians and impeded to follow its evolution, as well as ...
... This paper attempts to address these questions employing the Spanish experience between 1860 and 1930 as a case study. The lack of information regarding inequality and poverty in 19th and early 20th century Spain has similarly long troubled historians and impeded to follow its evolution, as well as ...
- Economic Growth and Distribution:On the
... in the long run (when productive capacity may vary considerably), even more than in the short term, investment is independent of, and, indeed, determines saving through, increases in output.2 Thus aggregate output is determined by effective demand, defined as aggregate expenditures forthcoming at no ...
... in the long run (when productive capacity may vary considerably), even more than in the short term, investment is independent of, and, indeed, determines saving through, increases in output.2 Thus aggregate output is determined by effective demand, defined as aggregate expenditures forthcoming at no ...
The Impact of the HIV/AIDS epidemic on macro
... many factors other than HIV/AIDS affect economic growth. The countries most seriously affected by the epidemic are also faced with drought, war and other problems. Development, as set out in the Declaration on the Right to Development (General Assembly resolution 41/128, annex), “is a comprehensive ...
... many factors other than HIV/AIDS affect economic growth. The countries most seriously affected by the epidemic are also faced with drought, war and other problems. Development, as set out in the Declaration on the Right to Development (General Assembly resolution 41/128, annex), “is a comprehensive ...
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.