MANUFACTURING INDUSTRY AND ECONOMIC GROWTH IN LATIN AMERICA: A KALDORIAN APPROACH ABSTRACT
... productivity in the economy. There are two possible reasons for such effect. The first relates to the fact that the expansion of manufacturing output and employment leads to the transfer of labor from low productivity sectors (or disguised unemployment) to industrial activities (that present higher ...
... productivity in the economy. There are two possible reasons for such effect. The first relates to the fact that the expansion of manufacturing output and employment leads to the transfer of labor from low productivity sectors (or disguised unemployment) to industrial activities (that present higher ...
Lecture2 - Stanford University
... East Asia has done exceptionally well in the post-war period, despite relatively unfavorable natural resource endowment and population density. How has it been able to achieve this economic growth? Philippines is the only economy in East Asia that has not achieved an economic take-off into self- ...
... East Asia has done exceptionally well in the post-war period, despite relatively unfavorable natural resource endowment and population density. How has it been able to achieve this economic growth? Philippines is the only economy in East Asia that has not achieved an economic take-off into self- ...
Structural constraints and determinants of economic growth in Cuba
... demand-side factors. The stated objectives of this study are therefore limited to an analysis of the constraints and determinants influencing the country’s economic growth. Due to space limitations, the discussion will leave aside a number of other variables that are fundamental for an understanding ...
... demand-side factors. The stated objectives of this study are therefore limited to an analysis of the constraints and determinants influencing the country’s economic growth. Due to space limitations, the discussion will leave aside a number of other variables that are fundamental for an understanding ...
A Forecast assumptions
... mandatory period of insurance to 35 years and excluded periods of study from the alternative periods of insurance. It also re-evaluated the definition of full and partial disability, introducing three tiers with differing amounts of the paid benefit. It reinforced the motivation for older persons to ...
... mandatory period of insurance to 35 years and excluded periods of study from the alternative periods of insurance. It also re-evaluated the definition of full and partial disability, introducing three tiers with differing amounts of the paid benefit. It reinforced the motivation for older persons to ...
The Democracy and Economic Growth Nexus: Empirical Evidence
... evolved until 1980 without effective enforcement of liberal principles. In the political framework, this full presence in the economy took the form of a one-party system2 that has contributed to a political stability and has boosted economic growth over the period 1960-1970. Indeed, the annual growt ...
... evolved until 1980 without effective enforcement of liberal principles. In the political framework, this full presence in the economy took the form of a one-party system2 that has contributed to a political stability and has boosted economic growth over the period 1960-1970. Indeed, the annual growt ...
Provincial Outlook
... No reprieve from challenging economic conditions Another leg down in crude oil prices this summer is aggravating the already challenging conditions afflicting Alberta’s economy and contributing to a more pronounced and widespread negative hit to economic growth than we had assumed in our June foreca ...
... No reprieve from challenging economic conditions Another leg down in crude oil prices this summer is aggravating the already challenging conditions afflicting Alberta’s economy and contributing to a more pronounced and widespread negative hit to economic growth than we had assumed in our June foreca ...
Advances in Environmental Biology in Iran
... and results indicate that in the long-term consumption of energy has a positive and statistically significant impact on CO2 emissions, but shows the actual production of the EKC hypothesis. Fodha and Zaghdoud [4] examined the relationship between economic growth and emissions of pollutants (CO2 and ...
... and results indicate that in the long-term consumption of energy has a positive and statistically significant impact on CO2 emissions, but shows the actual production of the EKC hypothesis. Fodha and Zaghdoud [4] examined the relationship between economic growth and emissions of pollutants (CO2 and ...
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... ways. One alternative is to reduce the public sector’s output from the existing amount of 50.9 percent of GDP to 44.5 percent. The other alternative is to do the opposite, i.e. to increase the collectively accumulated funds from 44.5 to 50.9 percent of GDP. The first alternative implies society’s de ...
... ways. One alternative is to reduce the public sector’s output from the existing amount of 50.9 percent of GDP to 44.5 percent. The other alternative is to do the opposite, i.e. to increase the collectively accumulated funds from 44.5 to 50.9 percent of GDP. The first alternative implies society’s de ...
Implications of the Financial Crisis for Potential Growth
... A natural presumption would be that the growth in the real output of the sector and the surge in earnings were linked; that the increase in profits largely reflected the increased contribution of the sector to overall GDP growth. However, the scale of the collapse in values in securities markets ov ...
... A natural presumption would be that the growth in the real output of the sector and the surge in earnings were linked; that the increase in profits largely reflected the increased contribution of the sector to overall GDP growth. However, the scale of the collapse in values in securities markets ov ...
Vol 16, Issue 12. Dec 2011
... Services sector is new engine of growth: The services sector is overtaking manufacturing as the main contributor to economic growth. This will have vast implications on where people are going to find work and what skills they will need to get employed. The government’s growth target is very clear: T ...
... Services sector is new engine of growth: The services sector is overtaking manufacturing as the main contributor to economic growth. This will have vast implications on where people are going to find work and what skills they will need to get employed. The government’s growth target is very clear: T ...
Product Variety and Changes in Consumption Patterns: The Effects
... only in a couple of sectors supplying the goods mostly consumed by the first class of workers. The initial low level of demand do not require capital investment and is accompanied by a stagnant productivity with low population growth and no changes in average wages. In the medium term though, small ...
... only in a couple of sectors supplying the goods mostly consumed by the first class of workers. The initial low level of demand do not require capital investment and is accompanied by a stagnant productivity with low population growth and no changes in average wages. In the medium term though, small ...
here
... It gets more complicated because not only does GDP overestimate well-being, it also underestimates it. Increasing life expectancy is a universal goal for all nations – however, this can’t be shown in GDP. A high life expectancy is one of the indicators of a high-quality life, but having a high GDP d ...
... It gets more complicated because not only does GDP overestimate well-being, it also underestimates it. Increasing life expectancy is a universal goal for all nations – however, this can’t be shown in GDP. A high life expectancy is one of the indicators of a high-quality life, but having a high GDP d ...
Debswana Diamond Company (Proprietary) Limited Debswana Update to
... played a significant part of that story One of the poorest countries in the world at independence in 1966 Mining sparked a period of sustained economic growth and… …in four decades post independence the ...
... played a significant part of that story One of the poorest countries in the world at independence in 1966 Mining sparked a period of sustained economic growth and… …in four decades post independence the ...
Research on the Influence of Real Estate Investment on Economic
... industry increases continuously, real estate investment becomes the major aspect to push forward economic growth. High attention has been paid by scholars to this phenomenon. According to the researches of the relationship between real estate investmen and economic growth, all of them can be divided ...
... industry increases continuously, real estate investment becomes the major aspect to push forward economic growth. High attention has been paid by scholars to this phenomenon. According to the researches of the relationship between real estate investmen and economic growth, all of them can be divided ...
The Current Account Deficit: Structural Improvements
... Australia’s success in avoiding severe repercussions from the Asian financial crisis will see us grow more quickly than our trading partners in the period immediately ahead. The current account deficit will inevitably widen as growth in some of our trading partners turns down while domestic demand r ...
... Australia’s success in avoiding severe repercussions from the Asian financial crisis will see us grow more quickly than our trading partners in the period immediately ahead. The current account deficit will inevitably widen as growth in some of our trading partners turns down while domestic demand r ...
CONTENTS
... Exposure to developed-country demand ....................................................... Exposure to capital flows ............................................................................... Capital markets and exchange rates: renewed inflows bring instability ...... Emerging reorientation o ...
... Exposure to developed-country demand ....................................................... Exposure to capital flows ............................................................................... Capital markets and exchange rates: renewed inflows bring instability ...... Emerging reorientation o ...
Discussion of “A Global Village without borders
... -- γ2 < 0 γ3 = 0 (standard implications; BFM confirm) -- λ important? (BFM: No) ...
... -- γ2 < 0 γ3 = 0 (standard implications; BFM confirm) -- λ important? (BFM: No) ...
APE Macro Unit 3: Measurement of Economic Performance
... Students should be able to explain macroeconomics and how it differs from microeconomics AND answer the following question: Why is it that what is good for the part is not necessarily good for the whole? Explain why the business cycle is important and why policy makers seek to diminish the severity ...
... Students should be able to explain macroeconomics and how it differs from microeconomics AND answer the following question: Why is it that what is good for the part is not necessarily good for the whole? Explain why the business cycle is important and why policy makers seek to diminish the severity ...
Decision regarding the countercyclical buffer rate
... considered to be sustainable in the long run. Other indicators that Finansinspektionen takes into consideration are showing that the risks associated with the debt growth have not changed appreciably since the decision in December 2016. The most recent decision regarding the countercyclical buffer r ...
... considered to be sustainable in the long run. Other indicators that Finansinspektionen takes into consideration are showing that the risks associated with the debt growth have not changed appreciably since the decision in December 2016. The most recent decision regarding the countercyclical buffer r ...
Evolutionary Theorizing on Economic Growth - unu
... 1890 (see Hodgson 1993 for a recent reiteration), what has been lacking until recently, at least for a large portion of the economics profession, has been a body of formal theory and quantitative analysis on an explicitly evolutionary basis. This has changed since the work of Nelson and Winter in th ...
... 1890 (see Hodgson 1993 for a recent reiteration), what has been lacking until recently, at least for a large portion of the economics profession, has been a body of formal theory and quantitative analysis on an explicitly evolutionary basis. This has changed since the work of Nelson and Winter in th ...
Chapter 2 Economic Activity
... Changing interest rates – changes because of many factors – the supply and demand for money is the major influence. When borrowing by consumers, businesses, and government increases, interest rates will likely rise. Chapter 2 Slide 15 ...
... Changing interest rates – changes because of many factors – the supply and demand for money is the major influence. When borrowing by consumers, businesses, and government increases, interest rates will likely rise. Chapter 2 Slide 15 ...
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.