Determinants of Economic Growth in a Panel of Countries
... In the basic regression considered below, the policy variables and national characteristics are a measure of international openness,3 the ratio of government consumption to GDP,4 a subjective indicator of maintenance of the rule of law, a subjective indicator of democracy (electoral rights), the log ...
... In the basic regression considered below, the policy variables and national characteristics are a measure of international openness,3 the ratio of government consumption to GDP,4 a subjective indicator of maintenance of the rule of law, a subjective indicator of democracy (electoral rights), the log ...
GDPuses
... Because of differences in nonmarket activities, per capita GDP can be a poor measure of the various living standards in various nations. ...
... Because of differences in nonmarket activities, per capita GDP can be a poor measure of the various living standards in various nations. ...
Macro Scorecard for The Americas
... prospects challenged by trade outlook, price pressures; but potential still strong in long-term Source: Kantar Retail ...
... prospects challenged by trade outlook, price pressures; but potential still strong in long-term Source: Kantar Retail ...
F CHAPTER 1. REGIONAL ECONOMIC DEVELOPMENTS AND PROSPECTS
... The dynamic growth seen in the world economy in 2006 has largely been driven by developing Asia-Pacific countries. They accounted for more than 16% of world GDP in 2006 and one third of world GDP growth. In purchasing power parity terms, their contribution is much higher at 30% of world GDP in 2002- ...
... The dynamic growth seen in the world economy in 2006 has largely been driven by developing Asia-Pacific countries. They accounted for more than 16% of world GDP in 2006 and one third of world GDP growth. In purchasing power parity terms, their contribution is much higher at 30% of world GDP in 2002- ...
Retail
... automotive, etc.), property tax, and especially VAT in 2H15 and 2016 needs to be monitored closely (not included in our forecast yet) since they will adversely affect overall purchasing power; no clear conclusion has been made so far. Although the government stated that VAT would be maintained, it i ...
... automotive, etc.), property tax, and especially VAT in 2H15 and 2016 needs to be monitored closely (not included in our forecast yet) since they will adversely affect overall purchasing power; no clear conclusion has been made so far. Although the government stated that VAT would be maintained, it i ...
GDP - Cobb Learning
... The GDP To compare our system with other countries’ systems, and to compare the strength of our own economy year to year, economists use something called the Gross Domestic Product (or GDP), which is the total dollar value of all final goods and services produced within a country during one cal ...
... The GDP To compare our system with other countries’ systems, and to compare the strength of our own economy year to year, economists use something called the Gross Domestic Product (or GDP), which is the total dollar value of all final goods and services produced within a country during one cal ...
GDP - Eilya Torshizian`s Blog
... the spending by firms on capital equipment, inventories, and structures, including new housing. Consumption increases because a washing machine is a good purchased by a household, but investment decreases because the washing machine in Fisher and Paykel’s inventory had been counted as an investment ...
... the spending by firms on capital equipment, inventories, and structures, including new housing. Consumption increases because a washing machine is a good purchased by a household, but investment decreases because the washing machine in Fisher and Paykel’s inventory had been counted as an investment ...
Natural Resources and Property Rights: The Icelandic Commonwealth
... the period from about 870 to about 930 AD. During this period, there was a huge influx of families and clans primarily from Norway and the Scottish isles. After this, net immigration seems to have continued for several decades but at a reduced rate (Nordal and Kristinsson 1987). In the year 930 the ...
... the period from about 870 to about 930 AD. During this period, there was a huge influx of families and clans primarily from Norway and the Scottish isles. After this, net immigration seems to have continued for several decades but at a reduced rate (Nordal and Kristinsson 1987). In the year 930 the ...
Global inequality: A new approach for the age of globalization
... Interaction of mean income convergence and Kuznets waves 1. Will convergence economics spread to Africa? 2. Evolution of income inequality in the US and China 3. Hollowing out of the Western middle classes: populism vs. ...
... Interaction of mean income convergence and Kuznets waves 1. Will convergence economics spread to Africa? 2. Evolution of income inequality in the US and China 3. Hollowing out of the Western middle classes: populism vs. ...
THE ROLE OF THE STATE IN ECONOMIC DEVELOPMENT IN
... countries but none has succeeded in alleviating poverty and stimulating sustained development. In general however, SAPs have discouraged the state from playing a developmental role, because of a misconception that government should not have any role in the economy other than the regulation of econom ...
... countries but none has succeeded in alleviating poverty and stimulating sustained development. In general however, SAPs have discouraged the state from playing a developmental role, because of a misconception that government should not have any role in the economy other than the regulation of econom ...
Qatar Economic Insight
... The second was the rise in global oil supply, especially from shale oil in the US. These two factors have created a significant supply glut in the global oil market that will take time to absorb. The adjustment will happen as highcost producers are made unviable by lower oil prices, thus reducing su ...
... The second was the rise in global oil supply, especially from shale oil in the US. These two factors have created a significant supply glut in the global oil market that will take time to absorb. The adjustment will happen as highcost producers are made unviable by lower oil prices, thus reducing su ...
GDP - McEachern High School
... What about a Nissan pickup truck made in Tennessee— whose GDP? American GDP. ...
... What about a Nissan pickup truck made in Tennessee— whose GDP? American GDP. ...
NBER WORKING PAPER SERIES THE SOURCES OF THE PRODUCTIVITY REBOUND
... the output per person measure. The measure of contribution here includes only the direct measure from production of new-economy goods; it excludes any contribution of new-economy capital services in using industries. Table 7 shows the major new economy sectors (which is an overly generous bundle but ...
... the output per person measure. The measure of contribution here includes only the direct measure from production of new-economy goods; it excludes any contribution of new-economy capital services in using industries. Table 7 shows the major new economy sectors (which is an overly generous bundle but ...
Real GDP - McGraw Hill Higher Education
... stocks, bonds, and other financial assets – Purchase generally transfers ownership of a portion of the firm's existing capital stock – Does not correspond to any increase in physical capital or production capacity, in most cases • New stock issues can be an exception ...
... stocks, bonds, and other financial assets – Purchase generally transfers ownership of a portion of the firm's existing capital stock – Does not correspond to any increase in physical capital or production capacity, in most cases • New stock issues can be an exception ...
China`s Economic Growth Model - Econ
... growth in post-communist countries, specifically in China. Time series analysis of annual data between 1982 and 2005 was used to explain the trend of gross domestic product growth. The significant variables proved to be policy change after 1978 reflected in economic freedom index, especially in the ...
... growth in post-communist countries, specifically in China. Time series analysis of annual data between 1982 and 2005 was used to explain the trend of gross domestic product growth. The significant variables proved to be policy change after 1978 reflected in economic freedom index, especially in the ...
Unit - Baltimore City Public Schools
... decisions about investing in education 4.A.4.b Describe the standard of living and the quality of life in a world region using data, such as Gross National Product (GNP), Gross Domestic Product (GDP), per capita income and the Human Development Index (HDI) 4.A.2.a Describe how goals of countries aff ...
... decisions about investing in education 4.A.4.b Describe the standard of living and the quality of life in a world region using data, such as Gross National Product (GNP), Gross Domestic Product (GDP), per capita income and the Human Development Index (HDI) 4.A.2.a Describe how goals of countries aff ...
Allen County Insight
... Allen County in 2011.2 The manufacturing sector remains an even more important component of the local economy when measured by output than when measured by employment. Manufacturing GRP is also a much larger percentage of total GRP in Allen County than what we find nationally, where it represents 11 ...
... Allen County in 2011.2 The manufacturing sector remains an even more important component of the local economy when measured by output than when measured by employment. Manufacturing GRP is also a much larger percentage of total GRP in Allen County than what we find nationally, where it represents 11 ...
Measuring the Economic Impact of Civil War
... of the economic effects. Wars that spill out across the entire country, require the highest level of military recruitment, and result in the greatest number of fatalities are the most damaging to the domestic economy. This paper also makes methodological improvements. First, we improve the data. The ...
... of the economic effects. Wars that spill out across the entire country, require the highest level of military recruitment, and result in the greatest number of fatalities are the most damaging to the domestic economy. This paper also makes methodological improvements. First, we improve the data. The ...
Condition of Well-Being Accounts
... in a 1999 national survey that they would not have enough savings to last one month. We estimate the total of all debt (household, business, farm, and all government) per Albertan in 1999 at $60,441 (1998$); it has increased 355% since 1961, which represents 163% of GDP . While real per capita h ...
... in a 1999 national survey that they would not have enough savings to last one month. We estimate the total of all debt (household, business, farm, and all government) per Albertan in 1999 at $60,441 (1998$); it has increased 355% since 1961, which represents 163% of GDP . While real per capita h ...
The Republic of Korea`s Economic Growth and Catch-Up
... trade openness, and improvements in human resources and rule of law, while improvement in democracy tends to slow the pace of the catch-up. Yet as the Republic of Korea catches up to the United States and its steady-state level in per worker output, it is subject to growth slowdown unless it improve ...
... trade openness, and improvements in human resources and rule of law, while improvement in democracy tends to slow the pace of the catch-up. Yet as the Republic of Korea catches up to the United States and its steady-state level in per worker output, it is subject to growth slowdown unless it improve ...
Low Oil Prices and Defence Expenditure
... dependent on oil and gas exports and in frontier countries that are counting on new projects to transform their economies in the future. The impact of the downturn on oil and gas producers differs significantly from country to country and depends upon economic exposure, the availability of alternate ...
... dependent on oil and gas exports and in frontier countries that are counting on new projects to transform their economies in the future. The impact of the downturn on oil and gas producers differs significantly from country to country and depends upon economic exposure, the availability of alternate ...
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.