S = 1
... regarding their magnitude change. But for financial market traders, the direction is more relevant than the level of change. Survey region covers the industrial heartland of Illinois, Indiana and Michigan, which contains a large part of the auto and auto parts sectors. The Federal Reserve monitors t ...
... regarding their magnitude change. But for financial market traders, the direction is more relevant than the level of change. Survey region covers the industrial heartland of Illinois, Indiana and Michigan, which contains a large part of the auto and auto parts sectors. The Federal Reserve monitors t ...
Handout: Detrending
... The growth rate of the real GDP series is shown in Figure 4 of your stats-book (and in Figure 3.5 below). Notice that, unlike the real GDP series itself, the real GDP growth rate series does not follow a definite trend. A time series variable that does not follow a trend but rather fluctuates around ...
... The growth rate of the real GDP series is shown in Figure 4 of your stats-book (and in Figure 3.5 below). Notice that, unlike the real GDP series itself, the real GDP growth rate series does not follow a definite trend. A time series variable that does not follow a trend but rather fluctuates around ...
A Test of Two Open-Economy Theories: Oil Price Rise and Italy
... follow a new growth path, different from the original one. These differing views about the strength of market forces can provide the basis of a discriminatory test. In Keynesian models of an open economy, imports directly and positively depend on income and income is an endogenous variable. Monetari ...
... follow a new growth path, different from the original one. These differing views about the strength of market forces can provide the basis of a discriminatory test. In Keynesian models of an open economy, imports directly and positively depend on income and income is an endogenous variable. Monetari ...
Hawke`s Bay Region Economic Monitor June 2012
... This report provides an analysis and assessment of the current economic situation within the Hawke’s Bay region, trends over the past year and the economic outlook for the region for the year ahead. Data availability limits the analysis of trends in the report to the year ended March 2012; however, ...
... This report provides an analysis and assessment of the current economic situation within the Hawke’s Bay region, trends over the past year and the economic outlook for the region for the year ahead. Data availability limits the analysis of trends in the report to the year ended March 2012; however, ...
The Philippine Economy Again - Freedom from Debt Coalition
... legally, that is, not physically—for presiding over one of the most corrupt regimes in the history of the republic. However, it is another thing to say that corruption and cronyism are mainly responsible for the Philippines’ failure to get out of the stagnation in which it is mired. The reason one ...
... legally, that is, not physically—for presiding over one of the most corrupt regimes in the history of the republic. However, it is another thing to say that corruption and cronyism are mainly responsible for the Philippines’ failure to get out of the stagnation in which it is mired. The reason one ...
المقدمة - DSpace at Al al
... goods and for the control of externalities. Based on these arguments, this law also implies causality running from national income to public sector expenditure. Hence, public expenditure is considered as endogenous to the growth of national income. The literature on this topic is enormous to say the ...
... goods and for the control of externalities. Based on these arguments, this law also implies causality running from national income to public sector expenditure. Hence, public expenditure is considered as endogenous to the growth of national income. The literature on this topic is enormous to say the ...
Revisiting the Link between Growth and Federalism: A Bayesian
... A couple of decades ago decentralization used to be a matter of marginal importance for public economics scholars and for policy makers. Countries were constitutionally divided into federal or unitary systems and there were hardly any political or economic initiatives for restructuring. This was the ...
... A couple of decades ago decentralization used to be a matter of marginal importance for public economics scholars and for policy makers. Countries were constitutionally divided into federal or unitary systems and there were hardly any political or economic initiatives for restructuring. This was the ...
Kieger Macro Update
... The corruption affair around Petrobras and the resultant political instability are further worsening the situation. Whether the upcoming Olympics are an economic blessing or a curse, we’re not quite sure. China is in what some people call a “growth recession”. The growth rate has been falling for ma ...
... The corruption affair around Petrobras and the resultant political instability are further worsening the situation. Whether the upcoming Olympics are an economic blessing or a curse, we’re not quite sure. China is in what some people call a “growth recession”. The growth rate has been falling for ma ...
labor supply, biased technological change and economic growth
... An interesting natural experiment of the effects of changes in labor supply can be found in the economies of Continental Europe. According to Blanchard (1997), in the 1970’s most continental countries were affected by negative shifts in labor supply and, since the early 1980’s their labor markets ha ...
... An interesting natural experiment of the effects of changes in labor supply can be found in the economies of Continental Europe. According to Blanchard (1997), in the 1970’s most continental countries were affected by negative shifts in labor supply and, since the early 1980’s their labor markets ha ...
Economic Rhythms, Maslow Windows and the
... China appears slated to become the largest economy by 2016 or so. Even assuming that China’s growth rate cannot be sustained indefinitely at or near double digit levels, even more modest growth rates of 6-8 percent would seem quite plausible, and would allow China to become not only the largest econ ...
... China appears slated to become the largest economy by 2016 or so. Even assuming that China’s growth rate cannot be sustained indefinitely at or near double digit levels, even more modest growth rates of 6-8 percent would seem quite plausible, and would allow China to become not only the largest econ ...
21x28 CRC Template
... represents the weighted average of OECD country/region values for the given year or closest year available. considers a combination of individual characteristics and local conditions in eleven dimensions that shape people’s material conditions (income, jobs and housing) and their quality of life (he ...
... represents the weighted average of OECD country/region values for the given year or closest year available. considers a combination of individual characteristics and local conditions in eleven dimensions that shape people’s material conditions (income, jobs and housing) and their quality of life (he ...
Productivity and Business Policies - CEP
... The main rate of corporate tax was reduced from 33% in 1997 to 28% in 2008. Under the coalition government, it has been steadily reduced and will reach 20% in 2015-16 (so that it will be unified with the small companies rate). Although this represents the ‘lowest rate in the G7’, Bilicka and Devereu ...
... The main rate of corporate tax was reduced from 33% in 1997 to 28% in 2008. Under the coalition government, it has been steadily reduced and will reach 20% in 2015-16 (so that it will be unified with the small companies rate). Although this represents the ‘lowest rate in the G7’, Bilicka and Devereu ...
nigeria`s economic realities and projection for 2011
... growth. This view assumes that domestic and foreign savings only are sufficient for growth. The theory was supported by the Harrod-Domar model (1939; 1946) which demonstrated that countries with higher savings ratio are expected to grow faster than those with lower ...
... growth. This view assumes that domestic and foreign savings only are sufficient for growth. The theory was supported by the Harrod-Domar model (1939; 1946) which demonstrated that countries with higher savings ratio are expected to grow faster than those with lower ...
Social Factors and Productivity Growth in Canada and the United... Abstract Carolyn Mac Leod and Jianmin Tang
... It should be noted at outset that this paper examines possible effects of social factors on productivity growth, not the other way around. There is a general consensus that productivity improvements tend to have a positive effect on social capital. Productivity improvements increase a country’s econ ...
... It should be noted at outset that this paper examines possible effects of social factors on productivity growth, not the other way around. There is a general consensus that productivity improvements tend to have a positive effect on social capital. Productivity improvements increase a country’s econ ...
Development of Countries
... Though not fully “developed” China has become the third largest economy in the world (soon to replace Japan right below US!!) ...
... Though not fully “developed” China has become the third largest economy in the world (soon to replace Japan right below US!!) ...
Development of Countries
... GDP if it has many people when you compare it to a country with very few people? Study Question 2: Generally, how good of an indicator is GDP to tell if a country is developed ? Study Question 3: Generally, how good of an indicator is GDP per capita to tell if a country is developed ? ...
... GDP if it has many people when you compare it to a country with very few people? Study Question 2: Generally, how good of an indicator is GDP to tell if a country is developed ? Study Question 3: Generally, how good of an indicator is GDP per capita to tell if a country is developed ? ...
Thomas Piketty Academic year 2013-2014
... • In many ways, β is easier to measure than α • In principle, capital income = all income flows going to capital owners (independanty of any labor input); labor income = all income flows going to labor earners (independantly of any capital input) • But in practice, the line is often hard to draw: fa ...
... • In many ways, β is easier to measure than α • In principle, capital income = all income flows going to capital owners (independanty of any labor input); labor income = all income flows going to labor earners (independantly of any capital input) • But in practice, the line is often hard to draw: fa ...
Significance of Keynesian Legacy
... Uzawa(1968)’s hypothesis of increasing cost(Penrose effect) and Kalecki(1937)’s hypothesis of increasing risk of investment(cf. Asada 2001). ...
... Uzawa(1968)’s hypothesis of increasing cost(Penrose effect) and Kalecki(1937)’s hypothesis of increasing risk of investment(cf. Asada 2001). ...
Poverty_is_a_Relative_Concept
... Keep in mind that this UN categorization can be criticized in today’s rapidly industrializing economy. Newly Industrialized Countries (NIC) experience rapidly expanding economies and do not quite fit as MDC or LDC. Generally they produce rapid industrialization of targeted industries and have relati ...
... Keep in mind that this UN categorization can be criticized in today’s rapidly industrializing economy. Newly Industrialized Countries (NIC) experience rapidly expanding economies and do not quite fit as MDC or LDC. Generally they produce rapid industrialization of targeted industries and have relati ...
Economic Outlook
... The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time. This expectation is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary ...
... The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time. This expectation is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary ...
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.