Diapositiva 1
... We consider those variables that are considered long term determinants of the NAIRU : * the measure of the public finance stance is represented by “underlying government net lending as a percentage of potential GDP”, which is an estimate of the public deficit to GDP ratio once the impact of cyclical ...
... We consider those variables that are considered long term determinants of the NAIRU : * the measure of the public finance stance is represented by “underlying government net lending as a percentage of potential GDP”, which is an estimate of the public deficit to GDP ratio once the impact of cyclical ...
The improvement in the Competitive Position of the Greek Economy
... towards export-led growth. The CA deficit has declined significantly since the beginning of the crisis, and especially during the first half of 2012. In total, the external deficit is expected to fall below 5% of GDP in 2012 from about 15% of GDP in 2008. Most impressive is the change in the trade d ...
... towards export-led growth. The CA deficit has declined significantly since the beginning of the crisis, and especially during the first half of 2012. In total, the external deficit is expected to fall below 5% of GDP in 2012 from about 15% of GDP in 2008. Most impressive is the change in the trade d ...
emerging of market economy in lithuania (1990-2010)
... compensate for the inquired costs instead of purchasing labour from the service sector (Coricelli and Jazbec 2004). As services were in a relatively large demand unmet by the supply, market reforms led to a shift towards service production, which should have increased welfare. The immediate effect w ...
... compensate for the inquired costs instead of purchasing labour from the service sector (Coricelli and Jazbec 2004). As services were in a relatively large demand unmet by the supply, market reforms led to a shift towards service production, which should have increased welfare. The immediate effect w ...
Assessment Schedule – 2013
... Increased productivity encourages firms to increase production, by enabling them to produce more at the same or lower price, or produce more goods and services with the same resources or decreases costs of production for producers. The increased production will increase the output of the economy, wh ...
... Increased productivity encourages firms to increase production, by enabling them to produce more at the same or lower price, or produce more goods and services with the same resources or decreases costs of production for producers. The increased production will increase the output of the economy, wh ...
OPTIMAL PUBLIC INVESTMENT, GROWTH, AND CONSUMPTION: EVIDENCE FROM AFRICAN COUNTRIES
... that mainly gives rise to the nonlinearity between public capital and growth. This paper …rst develops a simple endogenous growth model in an overlapping-generation framework. It then estimates the implied nonlinear relationship between public investment and economic growth, resulting from a positiv ...
... that mainly gives rise to the nonlinearity between public capital and growth. This paper …rst develops a simple endogenous growth model in an overlapping-generation framework. It then estimates the implied nonlinear relationship between public investment and economic growth, resulting from a positiv ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... economic growth. Such studies include Nzotta and Okereke, 2009; Iganniga, 2010; Okafor, 2011; Kehinde and Adejuwon, 2011; Onwumere et al., 2012; Balago, 214; Aye, 2015 and so on. Nzotta and Okereke (2009) is one of the first country-specific studies that are indigenous in and to Nigeria. The study e ...
... economic growth. Such studies include Nzotta and Okereke, 2009; Iganniga, 2010; Okafor, 2011; Kehinde and Adejuwon, 2011; Onwumere et al., 2012; Balago, 214; Aye, 2015 and so on. Nzotta and Okereke (2009) is one of the first country-specific studies that are indigenous in and to Nigeria. The study e ...
GDP - 4J Blog Server
... from other countries. In the expenditure method these are an injection, yet imports (our country’s purchases of foreign made goods and services) are a leakage. Therefore, we take the net effect of these transactions and include that figure in the final GDP figure. ...
... from other countries. In the expenditure method these are an injection, yet imports (our country’s purchases of foreign made goods and services) are a leakage. Therefore, we take the net effect of these transactions and include that figure in the final GDP figure. ...
growthfin_slides_AFA - Duke University`s Fuqua School of
... • Financial liberalization spurs growth by 1% per annum over the five years • Survives a battery of robustness experiments • We understand better the channels whereby growth impacted by financial liberalization • Liberalization effect not spuriously accounted for by a host of other events such as ma ...
... • Financial liberalization spurs growth by 1% per annum over the five years • Survives a battery of robustness experiments • We understand better the channels whereby growth impacted by financial liberalization • Liberalization effect not spuriously accounted for by a host of other events such as ma ...
The Political Economy of National Statistics - Name
... increasing interest in the direct measurement of well-being.3 Recently, questions about the effect of digital technologies on the understanding and measurement of the economy have also come to prominence.4 The debate is gaining increasing official recognition. One important milestone was the Sen-Sti ...
... increasing interest in the direct measurement of well-being.3 Recently, questions about the effect of digital technologies on the understanding and measurement of the economy have also come to prominence.4 The debate is gaining increasing official recognition. One important milestone was the Sen-Sti ...
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... administrative restrictions and by increasing confidence in economic policy. It also improved by opening the economy and reforming their education system through a rise in tertiary enrolment. In 2010 Turkey, Mexico, Italy and South Korea are at the bottom of the ranking scale. In 1994 Turkey, Greece ...
... administrative restrictions and by increasing confidence in economic policy. It also improved by opening the economy and reforming their education system through a rise in tertiary enrolment. In 2010 Turkey, Mexico, Italy and South Korea are at the bottom of the ranking scale. In 1994 Turkey, Greece ...
Investing in emerging markets: Evaluating the allure of
... Scatterplot between annual stock returns and unexpected changes in GDP growth, 1995–2009 ...
... Scatterplot between annual stock returns and unexpected changes in GDP growth, 1995–2009 ...
W h a t ’s t h e ... c r o s s e d t...
... much of these gains are due to a shift in long-run trend productivity growth and the growth of potential output. Productivity growth during 1995-99 was about 1.4 percent ...
... much of these gains are due to a shift in long-run trend productivity growth and the growth of potential output. Productivity growth during 1995-99 was about 1.4 percent ...
Melbourne – Is there Life after Florida
... weaknesses in Florida’s analysis, and what it says about Melbourne’s potential for rapid growth, to which we now turn. In the first place, the argument can easily descend into circularity – cities are successful because they attract creative people, creative people are attracted to successful cities ...
... weaknesses in Florida’s analysis, and what it says about Melbourne’s potential for rapid growth, to which we now turn. In the first place, the argument can easily descend into circularity – cities are successful because they attract creative people, creative people are attracted to successful cities ...
Accelerator
... The Accelerator Model The relationship between a rise in national income and the effect upon investment by firms ...
... The Accelerator Model The relationship between a rise in national income and the effect upon investment by firms ...
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.