Determination of Potential Growth using Panel Techniques
... Though monetary policy is usually referred to through its impact on business-cycles, there could also be an impact on the long-run growth path via investment and investment uncertainty. Traditionally, the influence of inflation on growth is analysed through considerations of the influence of monetar ...
... Though monetary policy is usually referred to through its impact on business-cycles, there could also be an impact on the long-run growth path via investment and investment uncertainty. Traditionally, the influence of inflation on growth is analysed through considerations of the influence of monetar ...
paper
... compare two of the world’s largest economies over the period from 1994 to 2002 (details in appendix). The computation of material input data was carried out according to the nomenclature and categorisation of the Statistical Office of the EU (Eurostat 2001) and covers the following aggregated materi ...
... compare two of the world’s largest economies over the period from 1994 to 2002 (details in appendix). The computation of material input data was carried out according to the nomenclature and categorisation of the Statistical Office of the EU (Eurostat 2001) and covers the following aggregated materi ...
PDF
... This paper explores the impact of water management on output, labor, and capital growth for an agriculture-based developing economy like Pakistan. According to empirical findings, capital stock and labor force in the agriculture sector significantly affect output growth. Improvement of capital stock ...
... This paper explores the impact of water management on output, labor, and capital growth for an agriculture-based developing economy like Pakistan. According to empirical findings, capital stock and labor force in the agriculture sector significantly affect output growth. Improvement of capital stock ...
Press Release - University of Macau
... moderate to about 3.3% through 2012. U.S. GDP will be expected to expand 1.8% and the Euro Area is likely to contract 0.5%. For Mainland China, the GDP growth rate has slowed down to 8.1% in the first quarter of 2012 compared double-digit growth in 2010 amid the Central Government tries to control t ...
... moderate to about 3.3% through 2012. U.S. GDP will be expected to expand 1.8% and the Euro Area is likely to contract 0.5%. For Mainland China, the GDP growth rate has slowed down to 8.1% in the first quarter of 2012 compared double-digit growth in 2010 amid the Central Government tries to control t ...
N 1
... Table 5 sets out the growth accounting estimates for stationary steam engines. The rate of growth of the capital stock is based on the rate of growth of horsepower. This is obviously not quite the equivalent of estimating the growth of computer power using hedonic prices to deflate ICT expenditure ...
... Table 5 sets out the growth accounting estimates for stationary steam engines. The rate of growth of the capital stock is based on the rate of growth of horsepower. This is obviously not quite the equivalent of estimating the growth of computer power using hedonic prices to deflate ICT expenditure ...
steam as a general purpose technology
... Table 5 sets out the growth accounting estimates for stationary steam engines. The rate of growth of the capital stock is based on the rate of growth of horsepower. This is obviously not quite the equivalent of estimating the growth of computer power using hedonic prices to deflate ICT expenditure ...
... Table 5 sets out the growth accounting estimates for stationary steam engines. The rate of growth of the capital stock is based on the rate of growth of horsepower. This is obviously not quite the equivalent of estimating the growth of computer power using hedonic prices to deflate ICT expenditure ...
E P CONOMIC ERSPECTIVE
... The chart shows per capita taxable sales growth for these businesses, as well as total growth in taxable sales per capita. The businesses are ranked in terms of percentage growth in per capita sales from 1993 to 2002. Taxable sales per capita by new motor vehicle dealers jumped 105 percent from 1993 ...
... The chart shows per capita taxable sales growth for these businesses, as well as total growth in taxable sales per capita. The businesses are ranked in terms of percentage growth in per capita sales from 1993 to 2002. Taxable sales per capita by new motor vehicle dealers jumped 105 percent from 1993 ...
Revisiting the Dynamics of Growth, Inequality and Poverty Reduction
... industry, the weight of the sector with greater inequality rises while the gap between the two sectors is also likely to rise. As a consequence, overall inequality at first rises, than stabilizes for some time, and eventually falls (Figure 4). In other words, its pattern looks like an inverted U. Ku ...
... industry, the weight of the sector with greater inequality rises while the gap between the two sectors is also likely to rise. As a consequence, overall inequality at first rises, than stabilizes for some time, and eventually falls (Figure 4). In other words, its pattern looks like an inverted U. Ku ...
CHAPTER FIVE THE ”B` IN BRICS: UNLOCKING BRAZIL`S
... productivity (TFP) have changed markedly over time. From the early 20th century until the growth take-off period, these three factors contributed almost equally to growth. But as population growth rates have declined since the 1980s, growth has become increasingly more dependent on capital accumulat ...
... productivity (TFP) have changed markedly over time. From the early 20th century until the growth take-off period, these three factors contributed almost equally to growth. But as population growth rates have declined since the 1980s, growth has become increasingly more dependent on capital accumulat ...
Changes in the UK Economics Structure
... The primary sector was in relative decline in 1964-73, due to the contraction of Q in coal-mining. From a low point of 4.2% of GDP in 1973, the primary sector increased its share to 6.7% in 1973 and 9.5% in 1984, mostly attributable to the growth of N Sea oil/gas production. By 1990, its share slump ...
... The primary sector was in relative decline in 1964-73, due to the contraction of Q in coal-mining. From a low point of 4.2% of GDP in 1973, the primary sector increased its share to 6.7% in 1973 and 9.5% in 1984, mostly attributable to the growth of N Sea oil/gas production. By 1990, its share slump ...
profile on toronto
... recession was less severe than those in 1981-1982 and 1990-1992 with respect to economic contraction and employment. Moreover, Canada's recession was less pronounced than in other major industrialized countries. In 2010 and 2011, Canada's strong economic rebound was driven by buoyant consumer spendi ...
... recession was less severe than those in 1981-1982 and 1990-1992 with respect to economic contraction and employment. Moreover, Canada's recession was less pronounced than in other major industrialized countries. In 2010 and 2011, Canada's strong economic rebound was driven by buoyant consumer spendi ...
DOC - World bank documents
... recipient country's productive capacity should be increased. It was assumed, however, that economic growth would improve nutrition, reduce mortality and morbidity, increase longevity, and generally increase living standards, as has indeed generally proven to be the case. It is worth recalling that w ...
... recipient country's productive capacity should be increased. It was assumed, however, that economic growth would improve nutrition, reduce mortality and morbidity, increase longevity, and generally increase living standards, as has indeed generally proven to be the case. It is worth recalling that w ...
Rising Inequality in Asia
... Asian governments are responding to rising inequality by trying to make their development plans more inclusive • Distinction between inequality of opportunity and inequality of outcome important in guiding policy • Inequality of opportunity – access to education, health care, public services of jobs ...
... Asian governments are responding to rising inequality by trying to make their development plans more inclusive • Distinction between inequality of opportunity and inequality of outcome important in guiding policy • Inequality of opportunity – access to education, health care, public services of jobs ...
The Narrative of a Revolutionized Economy
... under British rule through the East India Company and there were countless trade routes that connected Western Europe to China and Japan. Railroad technology could have been implemented if it was practical and desired. The lack of railroads in Asia was not because of efficiency problems rather it wa ...
... under British rule through the East India Company and there were countless trade routes that connected Western Europe to China and Japan. Railroad technology could have been implemented if it was practical and desired. The lack of railroads in Asia was not because of efficiency problems rather it wa ...
Ireland’s Medium-Term Growth Prospects: a Phoenix Rising? Nicholas Crafts
... To apply the above models to Ireland, it is important to recognize the implications of its high degree of openness, especially with regard to factor flows. In the neoclassical case, the transitory growth impact of an increase in investment will be stronger and of longer duration because the endogene ...
... To apply the above models to Ireland, it is important to recognize the implications of its high degree of openness, especially with regard to factor flows. In the neoclassical case, the transitory growth impact of an increase in investment will be stronger and of longer duration because the endogene ...
The contemporary China resources boom
... supply of commodities with low value relative to volume or weight (iron ore, bauxite), than to commodities with high value to weight (gold). These characteristics of the economics of the global minerals industries might be expected to lead to steadily increasing mineral prices with the expansion of ...
... supply of commodities with low value relative to volume or weight (iron ore, bauxite), than to commodities with high value to weight (gold). These characteristics of the economics of the global minerals industries might be expected to lead to steadily increasing mineral prices with the expansion of ...
Ed Yardeni - EuroCapital
... foreclosures, falling house prices and deteriorating household spending. This could involve more aggressive principal reduction programs for homeowners, stronger intervention by the government housing finance agencies, or steps to help homeowners take advantage of the low interest rate environment.” ...
... foreclosures, falling house prices and deteriorating household spending. This could involve more aggressive principal reduction programs for homeowners, stronger intervention by the government housing finance agencies, or steps to help homeowners take advantage of the low interest rate environment.” ...
Growth Accounting - Booth School of Business
... substitute away from leisure and toward work (leisure becomes more expensive). This is a substitution effect. <>
– Estimating this substitution effect is difficult since PVLR is not easily held constant.
Estimates range from 0 - 2% (For a 1% incre ...
... substitute away from leisure and toward work (leisure becomes more expensive). This is a substitution effect. <
Inflation and Economic Growth in the Philippines
... An interesting study is that of Lim (1987) which is based on the possibility that the working capital cost-push effect may offset the monetarist effect so that inflation may even rise after a reduction in money supply. The increase in inflation is caused by the rise in the interest rate which raises ...
... An interesting study is that of Lim (1987) which is based on the possibility that the working capital cost-push effect may offset the monetarist effect so that inflation may even rise after a reduction in money supply. The increase in inflation is caused by the rise in the interest rate which raises ...
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.