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Animal Spirits and Economic Fluctuations
... Akaike's information criterion (AIC) Schwarz's Bayesian information criterion (SBIC) Hannan and Quinn information criterion (HQIC) Autocorrelation Stability condition ...
... Akaike's information criterion (AIC) Schwarz's Bayesian information criterion (SBIC) Hannan and Quinn information criterion (HQIC) Autocorrelation Stability condition ...
Growth Rate of India`s GDP, 1950-51 to 1987-88: Examination
... the 1970-71 series, at constant prices, is possible broadly through growth rates only. In the new series, the methodology for conversion of the value added of various industry groups, at current prices, to those at constant prices, is the same as that adopted hitherto, except in the industry group, ...
... the 1970-71 series, at constant prices, is possible broadly through growth rates only. In the new series, the methodology for conversion of the value added of various industry groups, at current prices, to those at constant prices, is the same as that adopted hitherto, except in the industry group, ...
EIU proposal
... • Economic boom of the last six years was largely characterised by: - huge increase in credit and liquidity - high demand for assets – equities, bonds, commodities, property • Nevertheless, cheap credit was not the only driver of property prices - demographic trends - changes in incomes Long-term “f ...
... • Economic boom of the last six years was largely characterised by: - huge increase in credit and liquidity - high demand for assets – equities, bonds, commodities, property • Nevertheless, cheap credit was not the only driver of property prices - demographic trends - changes in incomes Long-term “f ...
An Indian Economic Miracle?
... As the growth rate in both 2005–06 and 2006–07 has now been officially estimated to be over 9 percent per year, this record would yield an average annual growth rate of 8.6 percent in the four years following the drought of 2002–03. ...
... As the growth rate in both 2005–06 and 2006–07 has now been officially estimated to be over 9 percent per year, this record would yield an average annual growth rate of 8.6 percent in the four years following the drought of 2002–03. ...
Modeling with Limited Data: Estimating Potential Growth in
... Accurate estimates of potential growth have always been in high demand, in both advanced and lower-income economies. This is hardly surprising, since long-term potential growth is not only the core objective of development policy, but is also a key anchor of economic stability. However, applying sta ...
... Accurate estimates of potential growth have always been in high demand, in both advanced and lower-income economies. This is hardly surprising, since long-term potential growth is not only the core objective of development policy, but is also a key anchor of economic stability. However, applying sta ...
Notes on Population and Growth: From the Malthusian Regime to
... Following the work of Becker (1960) in which he analyses the behavior of demographic and economic changes in developed countries and the role of fertility, several authors have studied the feedback between population growth and development. Economists generally assume that there are two basic reason ...
... Following the work of Becker (1960) in which he analyses the behavior of demographic and economic changes in developed countries and the role of fertility, several authors have studied the feedback between population growth and development. Economists generally assume that there are two basic reason ...
London leads UK cities in economic recovery
... growth in gross value added (GVA) of the major UK cities, increasing by 28.9% over the five years to 2014. Most other major UK cities have also shown growth over this period, though to a lesser extent. Greater Manchester increased by 15.2% from 2009 to 2014. The latest regional GVA figures published ...
... growth in gross value added (GVA) of the major UK cities, increasing by 28.9% over the five years to 2014. Most other major UK cities have also shown growth over this period, though to a lesser extent. Greater Manchester increased by 15.2% from 2009 to 2014. The latest regional GVA figures published ...
2 Economic growth in short-run and long-run
... quality of life across European countries through a series of questions on overall subjective life satisfaction, satisfaction with different aspects of life, and sets of questions used to calculate deficits of time, loving, being and having. Happy Planet Index (HPI) is an index of human well-being a ...
... quality of life across European countries through a series of questions on overall subjective life satisfaction, satisfaction with different aspects of life, and sets of questions used to calculate deficits of time, loving, being and having. Happy Planet Index (HPI) is an index of human well-being a ...
Climate Change - Sensible Policy
... • Have a different birth rate (defined as the number of children as a percent of the adult population) than the adult maturity rate (defined as the number of new adults as a percent of the adult population) • Have a different mortality rate than adults ...
... • Have a different birth rate (defined as the number of children as a percent of the adult population) than the adult maturity rate (defined as the number of new adults as a percent of the adult population) • Have a different mortality rate than adults ...
GOUVÊA, RR and LIMA, GT Structural Change, Balance-of
... countries. This theories were not able to do this because their assumptions did not find support in countries deprived of mechanisms able to improve the labor force. While the mainstream remained orbiting around the concept of Total Factor Productivity (TFP) to explain the growth phenomenon, Thirlwa ...
... countries. This theories were not able to do this because their assumptions did not find support in countries deprived of mechanisms able to improve the labor force. While the mainstream remained orbiting around the concept of Total Factor Productivity (TFP) to explain the growth phenomenon, Thirlwa ...
Economic Competitiveness of the Nation
... Source: I. Gwartney & R. Lawson, Economic Freedom of the World, 1997 Annual Report Vancouver, Fraser Institute ...
... Source: I. Gwartney & R. Lawson, Economic Freedom of the World, 1997 Annual Report Vancouver, Fraser Institute ...
PAL_Dr.GOPAL KRISHNA_Full Paper
... models that emphasised on distributional justice. Welfare of the people was the primary task before the government by fighting against poverty, inequality, exploitation and corruption. But the policy of absolute free market economy was discarded in both the socialist and non-socialist countries. Gov ...
... models that emphasised on distributional justice. Welfare of the people was the primary task before the government by fighting against poverty, inequality, exploitation and corruption. But the policy of absolute free market economy was discarded in both the socialist and non-socialist countries. Gov ...
Empirical Analysis of Interaction between Securities Market,
... Greenwood and Jovanovic (1990), Greenwood and Smith (1993) and Levine (1993) applied fixed enter fee or fixed trade cost in their models to show that how financial intermediate and financial market develop with per-capita income and per-capita wealth. In Levine’s model, he proved that fixed enter fe ...
... Greenwood and Jovanovic (1990), Greenwood and Smith (1993) and Levine (1993) applied fixed enter fee or fixed trade cost in their models to show that how financial intermediate and financial market develop with per-capita income and per-capita wealth. In Levine’s model, he proved that fixed enter fe ...
Economics marking guidelines 2009
... Uses economic data and other information to develop a sustained, logical and well-structured response. Describes the impacts of recent movements in the value of the Australian dollar Uses appropriate economic terms, concepts and relationships. Uses some economic data and other information to develop ...
... Uses economic data and other information to develop a sustained, logical and well-structured response. Describes the impacts of recent movements in the value of the Australian dollar Uses appropriate economic terms, concepts and relationships. Uses some economic data and other information to develop ...
ARE WE REALLY THE FASTEST GROWING MAJOR ECONOMY?
... two GDP estimates don’t usually match. The difference between them is what’s ...
... two GDP estimates don’t usually match. The difference between them is what’s ...
1 CRISIS MANAGEMENT AND ECONOMIC GROWTH IN
... countries that can affect economic growth. Surprisingly, relatively little importance has been given to these features in traditional econometric analyses of econometric growth1. In this section we present ...
... countries that can affect economic growth. Surprisingly, relatively little importance has been given to these features in traditional econometric analyses of econometric growth1. In this section we present ...
L G M :
... The international debt crisis triggered by the Mexican default in August 1982 had severe impacts on the Brazilian economy. High levels of inflation and stagnant rates of growth marked the macroeconomic performance during the 1980s, the so-called lost decade. The average rate of inflation in the 1980 ...
... The international debt crisis triggered by the Mexican default in August 1982 had severe impacts on the Brazilian economy. High levels of inflation and stagnant rates of growth marked the macroeconomic performance during the 1980s, the so-called lost decade. The average rate of inflation in the 1980 ...
The US Demographic Transition
... (where again the subscript uu denotes the actions of an unskilled parent with unskilled children). The marginal cost of a child is made up of two components: the wage rate, w, and marginal utility of manufactured goods, (c uu ⫹ c)␥ ⫺ 1. The former rises with economic development while the latter f ...
... (where again the subscript uu denotes the actions of an unskilled parent with unskilled children). The marginal cost of a child is made up of two components: the wage rate, w, and marginal utility of manufactured goods, (c uu ⫹ c)␥ ⫺ 1. The former rises with economic development while the latter f ...
Economic growth
![](https://commons.wikimedia.org/wiki/Special:FilePath/Gdp_accumulated_change.png?width=300)
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.