Baltic Sea Report
... Mind the risks to long-term growth Russia has exited recession and now all the Baltic Sea region (BSR) economies are expanding, but growth is expected to be modest. The global rise of populism and anti-establishment moods, although promising fiscal expansion that may boost short-term growth, builds ...
... Mind the risks to long-term growth Russia has exited recession and now all the Baltic Sea region (BSR) economies are expanding, but growth is expected to be modest. The global rise of populism and anti-establishment moods, although promising fiscal expansion that may boost short-term growth, builds ...
Full Text ( Final Version , 272kb )
... resources” (Audretsch and Thurik, 2001). The contract between the entrepreneurial economy and the managed economy is that the latter is focused on exploitation and the entrepreneurial economy is more focused on exploration. The entrepreneurial economy is more innovative, because creative destructio ...
... resources” (Audretsch and Thurik, 2001). The contract between the entrepreneurial economy and the managed economy is that the latter is focused on exploitation and the entrepreneurial economy is more focused on exploration. The entrepreneurial economy is more innovative, because creative destructio ...
hep03-baten 222864 en
... One additional advantage of height inequality is its availability. In a database designed to consider the health of children and demographic characteristics of the whole population in the late 1980s to early 2000s, the firm Macro International has collected an enormous amount of information on the e ...
... One additional advantage of height inequality is its availability. In a database designed to consider the health of children and demographic characteristics of the whole population in the late 1980s to early 2000s, the firm Macro International has collected an enormous amount of information on the e ...
The Equilibrium Real Funds Rate: Past, Present and Future
... measure that is similar to the median of a 30-year-average of real rates around the world. When the U.S. rate is below that long-run world rate (as it was as of the beginning of 2015), we could have some confidence that the U.S. rate is going to rise. The model forecasts the U.S. and world long-run ...
... measure that is similar to the median of a 30-year-average of real rates around the world. When the U.S. rate is below that long-run world rate (as it was as of the beginning of 2015), we could have some confidence that the U.S. rate is going to rise. The model forecasts the U.S. and world long-run ...
Essays on Fiscal Policy in Developing Countries and Microstates Universitat Autònoma de Barcelona
... under explored area in the literature. The few existing studies, though an important first step in fulfilling this existing gap, remain open to many criticisms on the basis of methodological and analytical grounds. This thesis is an attempt to address three important areas in the literature on fisca ...
... under explored area in the literature. The few existing studies, though an important first step in fulfilling this existing gap, remain open to many criticisms on the basis of methodological and analytical grounds. This thesis is an attempt to address three important areas in the literature on fisca ...
1. Introduction
... Box 1: Some issues in measuring saving in the national accounts The economic definition of saving differs from the one followed in the System of National Accounts (SNA). The SNA only treats as income those revenues that are generated from the current production flow, ignoring revaluation effects on ...
... Box 1: Some issues in measuring saving in the national accounts The economic definition of saving differs from the one followed in the System of National Accounts (SNA). The SNA only treats as income those revenues that are generated from the current production flow, ignoring revaluation effects on ...
NBER WORKING PAPER SERIES TECHNOLOGY SHOCKS IN THE NEW KEYNESIAN MODEL
... IS curve, corresponds to the log-linearization of an optimizing household’s Euler equation, linking consumption and output growth to the inflation-adjusted return on nominal bonds, that is, to the real interest rate. The second, a forward-looking version of the Phillips curve, describes the optimizi ...
... IS curve, corresponds to the log-linearization of an optimizing household’s Euler equation, linking consumption and output growth to the inflation-adjusted return on nominal bonds, that is, to the real interest rate. The second, a forward-looking version of the Phillips curve, describes the optimizi ...
Chapter 1 PPT
... Economic growth determines the changes in the standard of living A country growing at an average of 4% per year instead of 2% will have a 50% higher standard of living over a generation of 20 years This higher 4% average annual growth rate will lead to a seven fold increase in the standard of li ...
... Economic growth determines the changes in the standard of living A country growing at an average of 4% per year instead of 2% will have a 50% higher standard of living over a generation of 20 years This higher 4% average annual growth rate will lead to a seven fold increase in the standard of li ...
The Impact of Corruption on Economic Growth in Lebanon
... growth, and alters the composition of government spending, often to the detriment of future economic growth. He studies the effects of corruption on various governmental expenditures, using ethno linguistic fractionalization as an instrument variable. He uses the method of two-stage least squares an ...
... growth, and alters the composition of government spending, often to the detriment of future economic growth. He studies the effects of corruption on various governmental expenditures, using ethno linguistic fractionalization as an instrument variable. He uses the method of two-stage least squares an ...
Relative Prices and Sectoral Productivity
... That is, development is associated with a reallocation of real expenditures from traditional to non-traditional services. To assess the importance of disaggregating the services sector for productivity implications, we closely follow the literature and use a development accounting framework which im ...
... That is, development is associated with a reallocation of real expenditures from traditional to non-traditional services. To assess the importance of disaggregating the services sector for productivity implications, we closely follow the literature and use a development accounting framework which im ...
Open Access
... 2007-2008 is the worst since the Great Depression in the 1930s (Telegraph, 2013). The drop in many country’s GDP and the economic slowdown brought up the question to what could be done in order to get the economy back on track. One of the fairly advocated suggestions is that the countries should inc ...
... 2007-2008 is the worst since the Great Depression in the 1930s (Telegraph, 2013). The drop in many country’s GDP and the economic slowdown brought up the question to what could be done in order to get the economy back on track. One of the fairly advocated suggestions is that the countries should inc ...
The Economics of Middle East Military Expenditures: Looney, R.E.
... Yet, while Lebovic & Ishaq drew on timeseries data, they could not incorporate the potential effects of lags between the time when defense expenditures occur and the period of maximum economic impact. In this regard, Babin has noted that incorporating the time variable into analysis can be critical ...
... Yet, while Lebovic & Ishaq drew on timeseries data, they could not incorporate the potential effects of lags between the time when defense expenditures occur and the period of maximum economic impact. In this regard, Babin has noted that incorporating the time variable into analysis can be critical ...
The Economics of Middle East Military Expenditures
... Yet, while Lebovic & Ishaq drew on timeseries data, they could not incorporate the potential effects of lags between the time when defense expenditures occur and the period of maximum economic impact. In this regard, Babin has noted that incorporating the time variable into analysis can be critical ...
... Yet, while Lebovic & Ishaq drew on timeseries data, they could not incorporate the potential effects of lags between the time when defense expenditures occur and the period of maximum economic impact. In this regard, Babin has noted that incorporating the time variable into analysis can be critical ...
MACROECONOMICS-SET2 - Antonio Ciccone`s Webpage
... User Cost One-year-Period t 1 r (t 1) * pK (t ) 1 pK (t 1) -higher real interest rate and depreciation rate increase user cost -high future price for capital goods relative to current price reduces user cost ...
... User Cost One-year-Period t 1 r (t 1) * pK (t ) 1 pK (t 1) -higher real interest rate and depreciation rate increase user cost -high future price for capital goods relative to current price reduces user cost ...
Papua New Guinea and the Natural Resource Curse
... and lagging subsectors (Corden and Neary, 1982). According to this theory, increases in NR exports can cause a large exchange rate appreciation, leading to the decline of non-NR tradable sectors such as manufacturing, (which is here referred to as a „lagging sector‟). An increase in NR-export revenu ...
... and lagging subsectors (Corden and Neary, 1982). According to this theory, increases in NR exports can cause a large exchange rate appreciation, leading to the decline of non-NR tradable sectors such as manufacturing, (which is here referred to as a „lagging sector‟). An increase in NR-export revenu ...
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.