White paper The Economic Impact of IT, Software, and the Microsoft
... The 81 countries and regions that this study covers can be clustered into four major groups: (1) The large, developed IT economies, such as Japan, U.S., Canada, UK, France, Germany, and Italy. These seven countries alone account for two-thirds of IT spending worldwide and three-quarters of spending ...
... The 81 countries and regions that this study covers can be clustered into four major groups: (1) The large, developed IT economies, such as Japan, U.S., Canada, UK, France, Germany, and Italy. These seven countries alone account for two-thirds of IT spending worldwide and three-quarters of spending ...
Macroeconomic equilibrium
... The Business Cycle and the AD/AS model The figure below illustrates the Business/Trade Cycle. This is the periodic fluctuations in economic activity measured by changes in real GDP. We can generally see a pattern where there are periods of rising growth, followed by periods of slowing growth. The a ...
... The Business Cycle and the AD/AS model The figure below illustrates the Business/Trade Cycle. This is the periodic fluctuations in economic activity measured by changes in real GDP. We can generally see a pattern where there are periods of rising growth, followed by periods of slowing growth. The a ...
(LAC): A Cross-Country Analysis - Digital Showcase @ Lynchburg
... Source: OECD - DAC ; http://www.oecd.org/dac/financing-sustainable-development/development-finance-data/aid-at-a-glance.htm ...
... Source: OECD - DAC ; http://www.oecd.org/dac/financing-sustainable-development/development-finance-data/aid-at-a-glance.htm ...
Macroeconomics 1 Ch VII. Investment and Growth Theories Chapter
... etc., on a convenient yet unrealistic assumption that the values of the relevant variables are to be constant over time. Investment is the demand for new capital stock (dK). The demand for dK is determined by weighing the cost (Present Price) and the benefit (PDV) of the capital good; so It = dKt = ...
... etc., on a convenient yet unrealistic assumption that the values of the relevant variables are to be constant over time. Investment is the demand for new capital stock (dK). The demand for dK is determined by weighing the cost (Present Price) and the benefit (PDV) of the capital good; so It = dKt = ...
Economics and Political Economy
... decreases from 10.5% to 8.01%. Both of these changes in the measurements of fit indicate that the combination of these four explanatory variables in the previous year explain slightly less than a third of the variation in the growth rate of the current period nominal GDP. Additionally, the coefficie ...
... decreases from 10.5% to 8.01%. Both of these changes in the measurements of fit indicate that the combination of these four explanatory variables in the previous year explain slightly less than a third of the variation in the growth rate of the current period nominal GDP. Additionally, the coefficie ...
NBER WORKING PAPER SERIES INVESTMENT, CAPACITY, AND UNCERTAINTY: A PUTTY-CLAY APPROACH Simon Gilchrist
... Y (i)t+j = θ(i)t k(i)αt L(i)t+j , where k(i)t is the capital-labor ratio chosen at the time of installation. Denote the labor productivity of a machine by X(i)t ≡ θ(i)t k(i)αt . The only variable cost to operating a machine is the wage rate, Wt . Idle machines incur no variable costs and have the sa ...
... Y (i)t+j = θ(i)t k(i)αt L(i)t+j , where k(i)t is the capital-labor ratio chosen at the time of installation. Denote the labor productivity of a machine by X(i)t ≡ θ(i)t k(i)αt . The only variable cost to operating a machine is the wage rate, Wt . Idle machines incur no variable costs and have the sa ...
Article (Author postprint) - Archive ouverte UNIGE
... Economies, or CMEs for short, in VofC-‐inspired literature. The UK is, of course, conventionally considered to be an arch-‐typical Liberal Market Economy (LME) while Italy is typically assigned to the r ...
... Economies, or CMEs for short, in VofC-‐inspired literature. The UK is, of course, conventionally considered to be an arch-‐typical Liberal Market Economy (LME) while Italy is typically assigned to the r ...
Along with average income, equitable distribution of - DPS-MIS
... iv. It excludes all non-marketed goods and services like goods produced for Selfconsumption. v. Rise in per capita income may be due to use of modern capital intensive technology in production which may be labour displacing in nature thus adversely affecting the poor masses. 12.Besides size of per c ...
... iv. It excludes all non-marketed goods and services like goods produced for Selfconsumption. v. Rise in per capita income may be due to use of modern capital intensive technology in production which may be labour displacing in nature thus adversely affecting the poor masses. 12.Besides size of per c ...
Growing Manufacturing: Assessing Botswana`s
... • High cost of borrowing (prime rate 15 – 17%) • Inhibits firm creation, growth and development • Lack of skilled labour which affects: • Development of new goods • Development of new markets for products • Development new advanced production processes ...
... • High cost of borrowing (prime rate 15 – 17%) • Inhibits firm creation, growth and development • Lack of skilled labour which affects: • Development of new goods • Development of new markets for products • Development new advanced production processes ...
Document
... • Around £2.5bn from local government pension schemes • Reduces net lending in 2000/01 due to phone licences ...
... • Around £2.5bn from local government pension schemes • Reduces net lending in 2000/01 due to phone licences ...
Macroeconomic projections For the World Economy at the 2050
... Based on the same arithmetic and simple assumptions about productivity and demographic trends, Fogel (2007) predicts that the three largest economies in the world in 2040 will be China (40%), ahead of the United States (US) (14%) and India (12%). However, the growth process is far from being mechani ...
... Based on the same arithmetic and simple assumptions about productivity and demographic trends, Fogel (2007) predicts that the three largest economies in the world in 2040 will be China (40%), ahead of the United States (US) (14%) and India (12%). However, the growth process is far from being mechani ...
The Demise of US Economic Growth
... A controversy about the future of U.S. economic growth was ignited by my paper released in late summer 2012. 1 The debate began with my prediction that over some indefinite period of time into the future, perhaps 25 to 40 years, the growth of real per-capita disposable income of the bottom 99 percen ...
... A controversy about the future of U.S. economic growth was ignited by my paper released in late summer 2012. 1 The debate began with my prediction that over some indefinite period of time into the future, perhaps 25 to 40 years, the growth of real per-capita disposable income of the bottom 99 percen ...
S11_Hyun Son_Inclusive Growth
... The nature of the link between growth and inequality is a contentious issue in the research and development community. For one thing, the additional outputs produced when an economy grows may not be evenly distributed among the various factors of production, leading to inequality in income. Classic ...
... The nature of the link between growth and inequality is a contentious issue in the research and development community. For one thing, the additional outputs produced when an economy grows may not be evenly distributed among the various factors of production, leading to inequality in income. Classic ...
... 3% annualized rate through the third quarter. Notwithstanding a few disappointing data reports, most recent indicators point to a sustainable recovery, supported by rising industrial activity and investment, strengthening household demand and reduced fiscal restraint. Industrial production has shown ...
ECONOMIC RESTRUCTURING: ONE YEAR OVERVIEW I
... investment compared to the scale of the economy has reduced, which is considerable owing to tightening public investment in a proactive manner. However, efforts for improved efficiency of public investment through renovated mechanisms to prevent dispersed investment and waste are not really clear a ...
... investment compared to the scale of the economy has reduced, which is considerable owing to tightening public investment in a proactive manner. However, efforts for improved efficiency of public investment through renovated mechanisms to prevent dispersed investment and waste are not really clear a ...
STRENGTHS AND WEAKNESSES
... argument has been used to criticise import substitution industrialisation (ISI) 6, to link successful industrialisation with outward (export) oriented strategies and to emphasise the need for an interim period in the process of industrial accumulation, in which agriculture should be the major target ...
... argument has been used to criticise import substitution industrialisation (ISI) 6, to link successful industrialisation with outward (export) oriented strategies and to emphasise the need for an interim period in the process of industrial accumulation, in which agriculture should be the major target ...
Productivity and Competitiveness Indicators 1990 to 2000
... Unit labour cost measures the remuneration of labour per unit of output. It is affected by changes in both average compensation of employees and labour productivity. During the period 2005 to 2015, average annual compensation of employees increased by 6.6% whilst labour productivity grew by 2.7%. Th ...
... Unit labour cost measures the remuneration of labour per unit of output. It is affected by changes in both average compensation of employees and labour productivity. During the period 2005 to 2015, average annual compensation of employees increased by 6.6% whilst labour productivity grew by 2.7%. Th ...
Gross domestic product
... • Savings rate - proportion income spent to income saved. • When consumers save or invest, money becomes available for firms to borrow. • In the long run, more savings will lead to higher output and income, raising GDP and living standards. Chapter 12 ...
... • Savings rate - proportion income spent to income saved. • When consumers save or invest, money becomes available for firms to borrow. • In the long run, more savings will lead to higher output and income, raising GDP and living standards. Chapter 12 ...
The Reliability of Long-Term Budget Projections
... analysis is for different time periods, and that makes comparisons difficult. Policy projections are often based on extending “current law” or “current policy.”q A major difference between these two concepts is that current law often contains temporary provisions that are scheduled to expire, but in ...
... analysis is for different time periods, and that makes comparisons difficult. Policy projections are often based on extending “current law” or “current policy.”q A major difference between these two concepts is that current law often contains temporary provisions that are scheduled to expire, but in ...
Human Capital Accumulation and Endogenous Growth in a Dual
... optimal tax for the provision of public education in a society with individuals having different levels of parental income or wealth level e.g Glomm, Ravikumar (1992); Gradstein, Justman (1996); Nordblom (2003). However, none of the existing models 1 focuses on the dualism in the mechanism of human ...
... optimal tax for the provision of public education in a society with individuals having different levels of parental income or wealth level e.g Glomm, Ravikumar (1992); Gradstein, Justman (1996); Nordblom (2003). However, none of the existing models 1 focuses on the dualism in the mechanism of human ...
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.