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Growth and Employment Dynamics in Botswana
Growth and Employment Dynamics in Botswana

Bureau of Economic Analysis Presentation
Bureau of Economic Analysis Presentation

... increased the growth rate of real GDP by .19 percentage point, a 7.6% share of growth.  From 1995-2012, incorporating R&D investment increased the growth rate of real GDP by.07 percentage point, a 2.8% share of growth. ...
The American University in Cairo  A Thesis Submitted to the
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... the impact of remittance along with other variables on growth of GDP for a recipient country, in this case Egypt. This research paper will focus mainly on Egypt since Egypt like many other countries is suffering from economic and political conditions that are hindering its economic growth and its a ...
The American University in Cairo  A Thesis Submitted to the
The American University in Cairo A Thesis Submitted to the

... country, in this case Egypt. This research paper will focus mainly on Egypt since Egypt like many other countries is suffering from economic and political conditions that are hindering its economic growth and its ability to compete with other developing countries that have succeeded in turning its e ...
norface08 Alho  8162004 en
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... closed sector (non-tradable goods and services). This is also the starting point in our paper. We, however, modify and extend the basic model in several ways, i.a., with the key result in empirical growth literature, which states that the GDP growth rate is not constant over time, but that it is pos ...
Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment
Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment

... and recovery to growth and convergence. The aim of this paper is to illustrate the growing importance of investment liberalization for the transition economies in Europe in achieving convergence and its sustainability through improving their competitiveness. Viewing competitiveness, as defined by OE ...
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... Developing countries tend to have higher dependency ratios than developed nations, and children account for a larger fraction of dependents in developing countries. Dependency ratio is one of the key factors affecting economic Dependency Ratio= (number of people under 15 years) + (number of people a ...
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... study states and is closely linked via the supply chain to the broader transportation equipment sector, which is important in many places in the region. 3. Further, a number of these states have notable relative strength in patenting activity in the analytical instruments cluster—in a region that b ...
May 11, 2012 James H. Stock Department of Economics, Harvard University
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... dropped by 5.5 percent and nearly 8.8 million jobs were lost. Based on the most recent revisions, the previous peak in GDP was not achieved for 15 quarters, in 2011Q3, and as of this writing only 3.5 million jobs have been regained. All this suggests that the 2007Q4 recession and recovery were quali ...
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... from the poor oil and natural gas markets that is affecting energy producing provinces such as Alberta. On the domestic front, government fiscal policy will be more stimulative with time as the impact of more infrastructure spending will be felt to a greater degree. Private investment spending is se ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Currency Crises
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Currency Crises

... given to GDP-weighted leaver and stayer aggregates. However, these aggregates disguise diversity; just as Nickell’s (1997) analysis of structural unemployment in Europe remarks on the diversity of experience within Europe, so our analysis uncovers a wide range of experience among the leavers, and to ...
NBER WORKING PAPER SERIES DISENTANGLING THE CHANNELS OF THE 2007-2009 RECESSION
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... dropped by 5.5 percent and nearly 8.8 million jobs were lost. Based on the most recent revisions, the previous peak in GDP was not achieved for 15 quarters, in 2011Q3, and as of this writing only 3.5 million jobs have been regained. All this suggests that the 2007Q4 recession and recovery were quali ...
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... these nations have risen from $297 billion in 1980 to $5.1 trillion in 2009, a remarkable seventeen-fold increase1. In Sub-Saharan Africa as a whole, total inward FDI stock has increased from $29.8 billion in 1980 to $317.2 billion in 2009, a comparatively smaller increase of tenfold. This indicates ...
Resource Curse or Malthusian Trap? Evidence from Oil
Resource Curse or Malthusian Trap? Evidence from Oil

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... levels of output and infrastructure stocks. Variable inputs include capital, labour and intermediate input. Infrastructure is assumed to be a quasi-fixed input since its provision is done mainly by the public sector and it cannot be instantaneously adjusted in the short-run. The cost function model ...
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... GDP per person. The United States came second, with $32500. The G7 and most of the OECD countries ranked in the top 25 positions, together with Singapore, Hong Kong, Taiwan.. Most African countries, on the other hand, fell in the bottom 25 of the distribution. Tanzania was the poorest country, with ...
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del02-stein 221139 en

... to explain shorter- term movements in the rate of capacity utilization or inflation, is extremely controversial. Therefore, our focus is upon the equilibrium/sustainable real exchange rate. The NATREX model is a method of analysis11 that we use to evaluate the effects of enlargement under various sc ...
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... Without much loss of generality, we can write the short-run tradeoff between in ation and unemployment U as follows: 5 k 2 aU, where k and a . 0 are parameters. This equation does not really say much, other than that and U are negatively related. One fact about this relationship is clear: it cannot ...
Postwar Macroeconomics: The Evolution of Events and Ideas
Postwar Macroeconomics: The Evolution of Events and Ideas

... and 1979. The averages for all series before 1947 are shown in column 4, and since 1947 in column 9. The table first examines variables relevant for the determination of aggregate demand growth and then examines the growth of nominal GNP from the supply side. Finally, several ratios are shown, inclu ...
DEPARTMENT OF ECONOMICS  UNIVERSITY OF BURDWAN PG Syllabus – 2014-15 session onwards
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Economics and Political Economy
Economics and Political Economy

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... western Europe via foreign trade and the close links between western and central Europe have similarly boosted economic growth in the latter. In western Europe, GDP is expected to increase on average by 3.4 per cent this year and to slow down slightly to about 3 per cent in 2001 as a result of tight ...
The Investment Development Path Hypothesis
The Investment Development Path Hypothesis

... that, with an increasing economic development, a country’s NOI faces different stages, from an initial one – where the country is a net inward receiver of Foreign Direct Investment – to a matured one - where the country becomes a net outward investor. This evolution is supposed to be the result of f ...
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CHAPTER 16 INVESTMENT SPENDING Chapter Outline The Stock

... But the rental cost may also be affected by the corporate income tax and investment tax credits. Due to complexities in tax laws, the effect of a change in the corporate income tax is fairly ambiguous and largely depends on whether an investment is debt- or equity-financed. We assume here that the r ...
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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.
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