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... substitution, and bias in technical change are shown in appendix 2. A few comments follow on the data. Figure 1 shows data on real GDP, capital stock, labour force and energy consumption for Germany and Kenya. It reveals some problems that arise in using national level time series data for econometr ...
... substitution, and bias in technical change are shown in appendix 2. A few comments follow on the data. Figure 1 shows data on real GDP, capital stock, labour force and energy consumption for Germany and Kenya. It reveals some problems that arise in using national level time series data for econometr ...
à la russe - Nordische Botschaften | Berlin
... Felleshus der Nordischen Botschaften in Berlin 6. September 2010 ...
... Felleshus der Nordischen Botschaften in Berlin 6. September 2010 ...
unemployed
... The average growth rate of output in the economy since 1900 has been about 3.4 percent per year. An area of economics called “growth theory” is concerned with the question of what determines this rate. ...
... The average growth rate of output in the economy since 1900 has been about 3.4 percent per year. An area of economics called “growth theory” is concerned with the question of what determines this rate. ...
Central Bank of Nigeria Communiqué` No. 102 of the Monetary
... On the external front, the adverse effect of the protracted decline in global crude oil prices on the fiscal position of government is becoming increasingly obvious. The expected policy normalization in the US could accentuate capital flow reversals from emerging and developing ...
... On the external front, the adverse effect of the protracted decline in global crude oil prices on the fiscal position of government is becoming increasingly obvious. The expected policy normalization in the US could accentuate capital flow reversals from emerging and developing ...
GROSS DOMESTIC PRODUCT
... Source: Statistics New Zealand: The New Zealand System of National Accounts (produced quarterly) GDP is the total market value of all final goods and services produced in a country in a given year equal to total consumer, investment and government spending, plus the value of exports, minus the value ...
... Source: Statistics New Zealand: The New Zealand System of National Accounts (produced quarterly) GDP is the total market value of all final goods and services produced in a country in a given year equal to total consumer, investment and government spending, plus the value of exports, minus the value ...
The Role of Production Progress and Human
... When in the middle of the 20th century a number of new states emerged, many predicted that their economic development would be fast. Though in many cases such predictions were underpinned by certain theoretically constructed models (like the Solow–Swan model), they did not materialise. The studies l ...
... When in the middle of the 20th century a number of new states emerged, many predicted that their economic development would be fast. Though in many cases such predictions were underpinned by certain theoretically constructed models (like the Solow–Swan model), they did not materialise. The studies l ...
Sit Investment 29th Annual Client Workshop
... interest rates. Monetary policy officials have completed their unconventional quantitative easing program used to create new money to reflate the economy – specifically financial asset and real estate prices – and will rely instead on forward guidance to signal accommodative policies. The traditiona ...
... interest rates. Monetary policy officials have completed their unconventional quantitative easing program used to create new money to reflate the economy – specifically financial asset and real estate prices – and will rely instead on forward guidance to signal accommodative policies. The traditiona ...
Talking Points Presentation - Federal Reserve Bank of St. Louis
... Unemployment 1. The second part of the economic stability goal is stable employment. A common measure used is the unemployment rate. People are counted as unemployed if they are 16 years old or older, not currently employed, and actively seeking a job. 2. The unemployment rate is the percentage of t ...
... Unemployment 1. The second part of the economic stability goal is stable employment. A common measure used is the unemployment rate. People are counted as unemployed if they are 16 years old or older, not currently employed, and actively seeking a job. 2. The unemployment rate is the percentage of t ...
A Time Series Analysis of the Impact of Educational
... closer to the people it serves while simultaneously giving people greater control over their own lives and is a basic institution of the communities in which they live. Primary schools are easier for local communities (villages, small towns, urban neighbourhoods) to control than secondary schools, ...
... closer to the people it serves while simultaneously giving people greater control over their own lives and is a basic institution of the communities in which they live. Primary schools are easier for local communities (villages, small towns, urban neighbourhoods) to control than secondary schools, ...
Page 122 (4,11,12,13) Page 144 (2, 4, 6, 9, 10,11) 6‑4 What is the
... itself this will not shift any of the schedules but will lead to movement upward to the right along the upward sloping investment schedule. (e) This innovation will in itself shift the investment schedule upward. Also, as the innovation starts to lower the costs of producing everything using these c ...
... itself this will not shift any of the schedules but will lead to movement upward to the right along the upward sloping investment schedule. (e) This innovation will in itself shift the investment schedule upward. Also, as the innovation starts to lower the costs of producing everything using these c ...
Economic Projections Contents September 1997
... down from the 825 level set in the June Monetary Policy Statement. This is in line with the conditions applying in financial markets over recent weeks. The new, lower, level for the MCI is justified by our estimate of more slack in the economy until at least mid-1998. This spare capacity will act to ...
... down from the 825 level set in the June Monetary Policy Statement. This is in line with the conditions applying in financial markets over recent weeks. The new, lower, level for the MCI is justified by our estimate of more slack in the economy until at least mid-1998. This spare capacity will act to ...
Advanced Macroeconomics - Thomas Weitzenblum Homepage
... The uncertainty takes the form of 2 possible states of nature for date 2. Agents can by claim to 1 unit of date 2consumption depending on the state of nature (high h or low l). To each state is associated a probability: l and h =1- l Markets are said to be complete. ...
... The uncertainty takes the form of 2 possible states of nature for date 2. Agents can by claim to 1 unit of date 2consumption depending on the state of nature (high h or low l). To each state is associated a probability: l and h =1- l Markets are said to be complete. ...
Chapter 1
... spending on high-technology equipment. The sharp cutback in expenditures on ICT equipment reflects to some extent the downward revisions of expected rates of returns on these assets. This more realistic assessment of profit prospects could also restrain demand for these products in 2002. In contrast ...
... spending on high-technology equipment. The sharp cutback in expenditures on ICT equipment reflects to some extent the downward revisions of expected rates of returns on these assets. This more realistic assessment of profit prospects could also restrain demand for these products in 2002. In contrast ...
2 National Income Accounting
... employed. GDP does just the oppositeit counts any output produced within the borders of a country, regardless of who owns the factors of production, and does not count any output produced outside of the country, even if it uses domestically owned factors of production. In practice the difference be ...
... employed. GDP does just the oppositeit counts any output produced within the borders of a country, regardless of who owns the factors of production, and does not count any output produced outside of the country, even if it uses domestically owned factors of production. In practice the difference be ...
Pitfalls of Commodity Wealth
... companies will expect the price to rise in the future. Only when the expectation of future appreciation is sufficient to offset the interest rate will the commodity market be in equilibrium. Only then will mining companies be close to indifferent between extracting at a faster rate and a slower rate ...
... companies will expect the price to rise in the future. Only when the expectation of future appreciation is sufficient to offset the interest rate will the commodity market be in equilibrium. Only then will mining companies be close to indifferent between extracting at a faster rate and a slower rate ...
NBER WORKING PAPER SERIES OF THE CHINESE ECONOMY
... manufacturing goods, not on the design and marketing of these goods, and Breznitz and Murphree (2011) have argued that the country’s technological strength currently lies in perfecting innovations created elsewhere, not in basic innovation.4 Moreover, any success at moving up the global supply chai ...
... manufacturing goods, not on the design and marketing of these goods, and Breznitz and Murphree (2011) have argued that the country’s technological strength currently lies in perfecting innovations created elsewhere, not in basic innovation.4 Moreover, any success at moving up the global supply chai ...
President’s Report Board Directors
... interest rates following the June FOMC statement may restrict growth over the second half of the year more than previously anticipated. In June, nonfarm payrolls posted a larger than expected gain, and job increases in the previous two months were revised sharply higher. The unemployment rate held s ...
... interest rates following the June FOMC statement may restrict growth over the second half of the year more than previously anticipated. In June, nonfarm payrolls posted a larger than expected gain, and job increases in the previous two months were revised sharply higher. The unemployment rate held s ...
Labour or Total Factor Productivity: Do We Need to Choose?
... technical change? The answer depends crucially on the extent to which capital stock measures are adjusted by statistical agencies for quality changes. In the case where there is no adjustment made for quality changes, measured TFP growth will pick up both the disembodied portion of technological cha ...
... technical change? The answer depends crucially on the extent to which capital stock measures are adjusted by statistical agencies for quality changes. In the case where there is no adjustment made for quality changes, measured TFP growth will pick up both the disembodied portion of technological cha ...
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.