Pathways to Prosperity - Economic Development
... for natural resources and interest in expanding tourism destinations. As a result of the trends mentioned above, Yukon is seeing an increase in mineral exploration, new activity in the oil and gas sector and growth in the tourism industry. Self-governing First Nations are emerging as key investors i ...
... for natural resources and interest in expanding tourism destinations. As a result of the trends mentioned above, Yukon is seeing an increase in mineral exploration, new activity in the oil and gas sector and growth in the tourism industry. Self-governing First Nations are emerging as key investors i ...
brazilian business cycles and growth from 1850 to 2000
... component of the per capita output became more persistent after 1945. We evaluate the volatility and persistence of the growth rates of per capita GDP. We show that volatility may be characterized by three phases. There is an initial low volatility period from 1850 to 1875. Then, an intermediate per ...
... component of the per capita output became more persistent after 1945. We evaluate the volatility and persistence of the growth rates of per capita GDP. We show that volatility may be characterized by three phases. There is an initial low volatility period from 1850 to 1875. Then, an intermediate per ...
Slide 1
... Takes account of “activities that are missing from basic data used to compile the national accounts because they are underground, illegal, informal, household production for final use, or due to deficiencies in the basic data collection system.” These comprise the NOE. Sets out methods to measure NO ...
... Takes account of “activities that are missing from basic data used to compile the national accounts because they are underground, illegal, informal, household production for final use, or due to deficiencies in the basic data collection system.” These comprise the NOE. Sets out methods to measure NO ...
measuring gdp and economic growth 1 Chapter 5 measuring GDP
... Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. ...
... Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. ...
Economic Values and Resource Use - Bortom BNP
... all production costs can be derived from labor inputs. Labor-time is also what consumers in general offer in exchange for commodities–provided that they derive their incomes from wage labor. In this sense, the value of a unit of production as well as the value of any aggregated amount of production ...
... all production costs can be derived from labor inputs. Labor-time is also what consumers in general offer in exchange for commodities–provided that they derive their incomes from wage labor. In this sense, the value of a unit of production as well as the value of any aggregated amount of production ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... expansion increases the supply of foreign exchange reserves, thereby, inducing more imports of basic and capital goods and hence, the economy grows faster. Further, global competition induces the industries that export goods to keep the cost of production comparatively low and to improve the technol ...
... expansion increases the supply of foreign exchange reserves, thereby, inducing more imports of basic and capital goods and hence, the economy grows faster. Further, global competition induces the industries that export goods to keep the cost of production comparatively low and to improve the technol ...
LSEE-PAPER-4
... reverse feedback from the crisis to institutions through its effect on progress with economic reforms. In some cases the crisis may block progress, while in others it may even speed it up (EBRD, 2009). Several types of institutions determine the degree of flexibility of an economy including the exte ...
... reverse feedback from the crisis to institutions through its effect on progress with economic reforms. In some cases the crisis may block progress, while in others it may even speed it up (EBRD, 2009). Several types of institutions determine the degree of flexibility of an economy including the exte ...
Did the Apartheid Economy `Fail`?
... initial situations,and simple output-basedcomparisonsmay have little meaning. It would be uninterestingto discover, say, that Kuwait grew faster than South Africa in the 1960s, or Ethiopia more slowly, as such economies faced fundamentally different growth opportunities and constraints. Likewise, co ...
... initial situations,and simple output-basedcomparisonsmay have little meaning. It would be uninterestingto discover, say, that Kuwait grew faster than South Africa in the 1960s, or Ethiopia more slowly, as such economies faced fundamentally different growth opportunities and constraints. Likewise, co ...
Comprehensive Growth Strategy
... The labour market has generated net 20.2 million new jobs from 2003-2013, reducing informality, increasing the number of people in the middle classes. Brazil is close to the full employment level (5.4% unemployment in 2013). This has brought sustained increases in wages and strengthened household´s ...
... The labour market has generated net 20.2 million new jobs from 2003-2013, reducing informality, increasing the number of people in the middle classes. Brazil is close to the full employment level (5.4% unemployment in 2013). This has brought sustained increases in wages and strengthened household´s ...
PDF
... GDP, special attention is required to avoid or minimize the estimation bias caused by this endogeneity. Second, any variable series included in the analysis might not be stationary, i.e., unit roots exist. Thirdly, the estimation processes are complicated and can easily generate invalid estimates. I ...
... GDP, special attention is required to avoid or minimize the estimation bias caused by this endogeneity. Second, any variable series included in the analysis might not be stationary, i.e., unit roots exist. Thirdly, the estimation processes are complicated and can easily generate invalid estimates. I ...
Macroeconomic Indicators
... For individuals extended periods of unemployment can lead to lower incomes, poverty, as well a variety of social problems such as alcoholism, divorce, etc. At a macroeconomic level unemployment means that the there is an underutilization of resources and a decreased output (goods and services) for t ...
... For individuals extended periods of unemployment can lead to lower incomes, poverty, as well a variety of social problems such as alcoholism, divorce, etc. At a macroeconomic level unemployment means that the there is an underutilization of resources and a decreased output (goods and services) for t ...
THE EFFECT OF CREDIT ON ECONOMIC GROWTH IN KENYA BY
... per cent. Kimenyi (2001) observed that in making credit available, banks are rendering a great social service, because through their actions, production is increased, capital investments are expanded and a higher standard of living is realized. ...
... per cent. Kimenyi (2001) observed that in making credit available, banks are rendering a great social service, because through their actions, production is increased, capital investments are expanded and a higher standard of living is realized. ...
THE EUROZONE: AN INCONVENIENT TRUTH
... As long as imbalances remain large, the risk of new crises is high. There are several ways to reduce imbalances. Some are recessionary, while others are not. Capping structural general government deficits at 0.5 percent of GDP is one of the solutions that do not support short-term growth. Since the ...
... As long as imbalances remain large, the risk of new crises is high. There are several ways to reduce imbalances. Some are recessionary, while others are not. Capping structural general government deficits at 0.5 percent of GDP is one of the solutions that do not support short-term growth. Since the ...
Shifting UK economic sands Perspectives on the next decade BUSINESS WITH CONFIDENCE icaew.com/bcm
... economy is predicted to reach close to pre-crisis levels as one of the fastest growing western economies. In 2014 ICAEW has forecast 2.9% growth. Despite the poor shape of the economy at the beginning of 2013, BCM gave an early indication of a pick-up in confidence and gradual upturn, a forecast whi ...
... economy is predicted to reach close to pre-crisis levels as one of the fastest growing western economies. In 2014 ICAEW has forecast 2.9% growth. Despite the poor shape of the economy at the beginning of 2013, BCM gave an early indication of a pick-up in confidence and gradual upturn, a forecast whi ...
The Impact of the Financial Crisis on the Real Economy
... 2009), compared to increases of 4.4 percentage points over the same time period in the USA (from 5.8% to 10.2%) and over 8 percentage points in Spain (from 11.4% to 19.3%). What is the reason for these differences? German enterprises have invested greatly in the skills of their labour force and ther ...
... 2009), compared to increases of 4.4 percentage points over the same time period in the USA (from 5.8% to 10.2%) and over 8 percentage points in Spain (from 11.4% to 19.3%). What is the reason for these differences? German enterprises have invested greatly in the skills of their labour force and ther ...
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.