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 ...
... 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 ...
NBER WORKING PAPER SERIES THE TRANSITION ECONOMIES AFTER TEN YEARS Stanley Fischer
... At the time that prices were freed, reigning in inflation had been a leading concern. Price jumps could easily have led to an inflationary spiral, triggered ever rising wage demands, and resulted in the dollarization of the economies.11 Keeping these concerns in mind, several checks were introduced ...
... At the time that prices were freed, reigning in inflation had been a leading concern. Price jumps could easily have led to an inflationary spiral, triggered ever rising wage demands, and resulted in the dollarization of the economies.11 Keeping these concerns in mind, several checks were introduced ...
Can Foreign Aid Buy Growth? William Easterly The Journal of
... sample including new data, indicating no support for the conclusion that "aid works in a good policy environment." Figure 1 compares the partial scatter underlying the Burnside and Dollar (2000) result on growth and the interactive term between aid and policy with the partial scatter using the same ...
... sample including new data, indicating no support for the conclusion that "aid works in a good policy environment." Figure 1 compares the partial scatter underlying the Burnside and Dollar (2000) result on growth and the interactive term between aid and policy with the partial scatter using the same ...
EN EN 1. Introduction Regulation (EU) No 473/2013 of the
... The time profile of the measures should be specified in order to distinguish measures with a transitory budgetary effect that does not lead to a sustained change in the intertemporal budgetary position (i.e. in the permanent level of revenues or expenditure) from those having a permanent budgetary e ...
... The time profile of the measures should be specified in order to distinguish measures with a transitory budgetary effect that does not lead to a sustained change in the intertemporal budgetary position (i.e. in the permanent level of revenues or expenditure) from those having a permanent budgetary e ...
Advertising results in economic growth – A new
... enable future analysis. At the same time, the lags of C, I, G and NX were not included. According to E3, the lags of YtP must already contain each of these four variables. Furthermore, the lags of YtP include the error term. Due to that, the statistical significance of any other variables in the mod ...
... enable future analysis. At the same time, the lags of C, I, G and NX were not included. According to E3, the lags of YtP must already contain each of these four variables. Furthermore, the lags of YtP include the error term. Due to that, the statistical significance of any other variables in the mod ...
DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN BANGLADESH: AN ECONOMETRIC ESTIMATION
... experience in Ghana reveals that the economic reform has contributed to attracting significant multinational investment. They also stated that changes to policies and regulations have helped to increase FDI inflow in China, India, Korea and Mexico. Agrawal (2000) scrutinized the economic impact of F ...
... experience in Ghana reveals that the economic reform has contributed to attracting significant multinational investment. They also stated that changes to policies and regulations have helped to increase FDI inflow in China, India, Korea and Mexico. Agrawal (2000) scrutinized the economic impact of F ...
Euro-indicators Working Group - United Nations Statistics Division
... Model IV of PCA based CLI Model 1 : Indicators used are IIP BG, IIPCG, IIPGen, IMP, M1 ,WPIELEC (model IV of CLI based on PCA) Model II: CLI based on OLS Regression. Indicators used are , IIP CG, ...
... Model IV of PCA based CLI Model 1 : Indicators used are IIP BG, IIPCG, IIPGen, IMP, M1 ,WPIELEC (model IV of CLI based on PCA) Model II: CLI based on OLS Regression. Indicators used are , IIP CG, ...
PDF
... Dehn et al., 2005; Ramey and Ramey, 1995), which is also problematic. If theory provides little guidance or support regarding measures of volatility, then attempts to separate volatility into predictable vs. unpredictable components will also lack firm foundations. ...
... Dehn et al., 2005; Ramey and Ramey, 1995), which is also problematic. If theory provides little guidance or support regarding measures of volatility, then attempts to separate volatility into predictable vs. unpredictable components will also lack firm foundations. ...
The curse of aid
... the rent seeking activities could lead to a civil conflict. Maren (1997) provides evidence that Somalia’s civil war was caused by the desire of different factions to control the large food aid that the country was receiving. As we have shown above, the economics literature has documented several mec ...
... the rent seeking activities could lead to a civil conflict. Maren (1997) provides evidence that Somalia’s civil war was caused by the desire of different factions to control the large food aid that the country was receiving. As we have shown above, the economics literature has documented several mec ...
The Uses and Limitations of Real GDP
... Link (Chain) to the Base Year To find real GDP in 2012 in base-year prices (2005), we need to know the 1. Real GDP in 2005 2. Average growth rate each year from 2005 to 2012. The BEA must calculate the percentage change of the growth rate in real GDP for each pair of years from the base year to the ...
... Link (Chain) to the Base Year To find real GDP in 2012 in base-year prices (2005), we need to know the 1. Real GDP in 2005 2. Average growth rate each year from 2005 to 2012. The BEA must calculate the percentage change of the growth rate in real GDP for each pair of years from the base year to the ...
The Uses and Limitations of Real GDP
... Link (Chain) to the Base Year To find real GDP in 2012 in base-year prices (2005), we need to know the 1. Real GDP in 2005 2. Average growth rate each year from 2005 to 2012. The BEA must calculate the percentage change of the growth rate in real GDP for each pair of years from the base year to the ...
... Link (Chain) to the Base Year To find real GDP in 2012 in base-year prices (2005), we need to know the 1. Real GDP in 2005 2. Average growth rate each year from 2005 to 2012. The BEA must calculate the percentage change of the growth rate in real GDP for each pair of years from the base year to the ...
a semiparametric assessment of export
... This study contributes to the literature on the export-led growth (ELG) hypothesis by adopting a semiparametric approach under two levels of temporal aggregation to investigate the ELG hypothesis in the Philippines. To assess the impact of model specification on the ELG hypothesis, parametric and se ...
... This study contributes to the literature on the export-led growth (ELG) hypothesis by adopting a semiparametric approach under two levels of temporal aggregation to investigate the ELG hypothesis in the Philippines. To assess the impact of model specification on the ELG hypothesis, parametric and se ...
Saving Transitions - Harvard Kennedy School
... in GDP (see Table 1, taken from IMF 1997). Which if these factors drive growth, if any? Do we need to have them all together, or are some simply the consequence of growth? And even if we were to accept the causal role played by investment, we can ask whether increases in saving are sufficient as wel ...
... in GDP (see Table 1, taken from IMF 1997). Which if these factors drive growth, if any? Do we need to have them all together, or are some simply the consequence of growth? And even if we were to accept the causal role played by investment, we can ask whether increases in saving are sufficient as wel ...
Document
... respectively in 2015, remain high. The public debtto-GDP ratio continues increasing while it declines in the euro area. Moreover, the economic environment, characterised by a decline in potential growth and low inflation, complicates the reduction in public debt. In the long term, growth is expected ...
... respectively in 2015, remain high. The public debtto-GDP ratio continues increasing while it declines in the euro area. Moreover, the economic environment, characterised by a decline in potential growth and low inflation, complicates the reduction in public debt. In the long term, growth is expected ...
Sustainable Development Indicators for Malta 2010
... 1. Economic Indicators ECN 1.1: Economic Growth Definition: Gross domestic product (GDP) is a measure of aggregate economic activity. It is defined as the sum of value added generated by private firms and by the government during a given period. GDP in real terms is the adjustment of GDP for price ...
... 1. Economic Indicators ECN 1.1: Economic Growth Definition: Gross domestic product (GDP) is a measure of aggregate economic activity. It is defined as the sum of value added generated by private firms and by the government during a given period. GDP in real terms is the adjustment of GDP for price ...
Foreign Direct Investment: South Africa’s Elixir of Life?
... countries were discouraged from turning towards FDI as it was regarded as an expensive form of capital. Many thus borrowed instead and in so doing acquired significant international debt. As a direct result of these debts already cash strapped, poor countries now experience even further reduced acce ...
... countries were discouraged from turning towards FDI as it was regarded as an expensive form of capital. Many thus borrowed instead and in so doing acquired significant international debt. As a direct result of these debts already cash strapped, poor countries now experience even further reduced acce ...
Working Paper no 15/2005 Title: A bottom
... The method as applied to Denmark is based on a detailed approach, in which individual revenue and expenditure items are considered at a disaggregated level3. Neutral fiscal policy is defined in terms of so-called “neutral policy paths” for each item so as to be consistent with an unchanged budget ba ...
... The method as applied to Denmark is based on a detailed approach, in which individual revenue and expenditure items are considered at a disaggregated level3. Neutral fiscal policy is defined in terms of so-called “neutral policy paths” for each item so as to be consistent with an unchanged budget ba ...
Information Technology Intensity, Diffusion, and Job Creation
... (Ferro, 2010). On the other hand, IT can enable tighter control over costs, including labor costs. (Bloom, Sedun, and VanReenan, 2012). Contribution of this paper With regard to the macroeconomic gains associated with IT, this paper uses several different approaches to measuring the macroeconomic g ...
... (Ferro, 2010). On the other hand, IT can enable tighter control over costs, including labor costs. (Bloom, Sedun, and VanReenan, 2012). Contribution of this paper With regard to the macroeconomic gains associated with IT, this paper uses several different approaches to measuring the macroeconomic g ...
As You Sow So Shall You Reap: Public Investment Surges, Growth
... the appropriateness of a rapid investment scaling-up to accelerate the catch-up process. Moreover, Togo successfully reached the completion point under the HIPC initiative in December 2010, bringing down external debt to about 17 percent of GDP. The fiscal space thus created made it an opportune tim ...
... the appropriateness of a rapid investment scaling-up to accelerate the catch-up process. Moreover, Togo successfully reached the completion point under the HIPC initiative in December 2010, bringing down external debt to about 17 percent of GDP. The fiscal space thus created made it an opportune tim ...
The Zero Lower Bound and Endogenous Uncertainty
... bank to stabilize the economy. In our model, the ZLB arises in states where the discount factor or technology are high (i.e., low demand or high supply). In those states, firms reduce their prices, which leads to a higher real interest rate and lower output than would occur in the absence of a ZLB c ...
... bank to stabilize the economy. In our model, the ZLB arises in states where the discount factor or technology are high (i.e., low demand or high supply). In those states, firms reduce their prices, which leads to a higher real interest rate and lower output than would occur in the absence of a ZLB c ...
Real GDP
... – Does not include transfer payments because they are not made in exchange for currently produced goods or services. Example? ...
... – Does not include transfer payments because they are not made in exchange for currently produced goods or services. Example? ...
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.