A Detailed Analysis of the Productivity Performance of Canadian
... capital towards assets with shorter service lives have increased capital intensity, which has increased labour productivity. Capital services intensity increased at an average annual rate of 2.68 per cent per year in food manufacturing from 1961 through 2007, a rate faster than manufacturing (2.57 p ...
... capital towards assets with shorter service lives have increased capital intensity, which has increased labour productivity. Capital services intensity increased at an average annual rate of 2.68 per cent per year in food manufacturing from 1961 through 2007, a rate faster than manufacturing (2.57 p ...
Why Do Inefficient Firms Survive? Management and Economic Development Michael Peters January 2012
... factors in “best-practice”-technologies and thereby reduces the within-sector dispersion of labor productivity. I want to stress that it is the heterogeneity of technologies and not the heterogeneity of firms, which is at the heart of the mechanism. The data presented in Table 1 is about revenue mea ...
... factors in “best-practice”-technologies and thereby reduces the within-sector dispersion of labor productivity. I want to stress that it is the heterogeneity of technologies and not the heterogeneity of firms, which is at the heart of the mechanism. The data presented in Table 1 is about revenue mea ...
Chapter 4 A R :
... Rs. 304 crore in agricultural financial institutions under non-plan heads. Despite of such a steep increase in capital expenditure during the current year, it was less than the level projected by TFC (Rs. 137524 crore) for 2007-08. The share of development expenditure and plan expenditure in total e ...
... Rs. 304 crore in agricultural financial institutions under non-plan heads. Despite of such a steep increase in capital expenditure during the current year, it was less than the level projected by TFC (Rs. 137524 crore) for 2007-08. The share of development expenditure and plan expenditure in total e ...
kalecki`s long-run theory of effective demand
... opened up new vistas in the field on endogenous business cycle theory. Indeed, thanks to this innovation, Kalecki’s 1939 model avoids the main problem of dynamical linear models, whereby a small change in the value of the parameters may radically change the nature of the solution; especially by chan ...
... opened up new vistas in the field on endogenous business cycle theory. Indeed, thanks to this innovation, Kalecki’s 1939 model avoids the main problem of dynamical linear models, whereby a small change in the value of the parameters may radically change the nature of the solution; especially by chan ...
Finance and Economics Discussion Series Federal Reserve Board, Washington, D.C.
... This paper contains documentation for the large-scale estimated DSGE model of the U.S. economy currently used at the Federal Reserve Board for some forecasting and policy projects – the Estimated, Dynamic, Optimization-based (EDO) model. Section 1 provides a brief qualitative description of the mod ...
... This paper contains documentation for the large-scale estimated DSGE model of the U.S. economy currently used at the Federal Reserve Board for some forecasting and policy projects – the Estimated, Dynamic, Optimization-based (EDO) model. Section 1 provides a brief qualitative description of the mod ...
World Bank Document
... residual group that includes famines, epidemics, insect plagues, wild res, miscellaneous accidents, industrial accidents, and transport accidents.3 In each category, the incidence of disasters is measured by counting the annual number of events that classify as large disasters according to the foll ...
... residual group that includes famines, epidemics, insect plagues, wild res, miscellaneous accidents, industrial accidents, and transport accidents.3 In each category, the incidence of disasters is measured by counting the annual number of events that classify as large disasters according to the foll ...
DETERMINANT AND IMPACTS OF DYNAMIC INFLATION IN
... conventional views about the appropriate measure to control inflation. For example, Neoclassical defined inflation as a rise in prices caused by excessive increase in the quantity of money. For Keynesians true inflation happens when money supply increases beyond full employment level (Jhingan, 1997) ...
... conventional views about the appropriate measure to control inflation. For example, Neoclassical defined inflation as a rise in prices caused by excessive increase in the quantity of money. For Keynesians true inflation happens when money supply increases beyond full employment level (Jhingan, 1997) ...
The Common Origin of Uncertainty Shocks
... countercyclical. We find that there is more to it than this because the correlation between them holds up even after controlling for the business cycle. To explain why re-assessing tail risk can cause many forms of uncertainty to comove, Section 2 presents a production economy with firms that are un ...
... countercyclical. We find that there is more to it than this because the correlation between them holds up even after controlling for the business cycle. To explain why re-assessing tail risk can cause many forms of uncertainty to comove, Section 2 presents a production economy with firms that are un ...
The Arab Republic of Egypt
... framework of the Millennium Development Goals (MDGs). Most of these development goals need to be achieved by 2015, using 1990 as the starting benchmark. For each of these goals more specific targets and indicators have been defined. In trying to achieve those goals, developing countries have very di ...
... framework of the Millennium Development Goals (MDGs). Most of these development goals need to be achieved by 2015, using 1990 as the starting benchmark. For each of these goals more specific targets and indicators have been defined. In trying to achieve those goals, developing countries have very di ...
Maldives: Overcoming the Challenges of a Small Island State
... has afflicted the Maldives and our economy in the last few years. The country has always been proud of its independence and sovereignty. Its vision, principles, and policies are all guided by the tenets of its Islamic faith. The new administration promises to usher in a prolonged period of peace, ha ...
... has afflicted the Maldives and our economy in the last few years. The country has always been proud of its independence and sovereignty. Its vision, principles, and policies are all guided by the tenets of its Islamic faith. The new administration promises to usher in a prolonged period of peace, ha ...
OECD Economic Surveys SWEDEN
... rate therefore remains elevated despite impressive labour market participation and employment rates. This contrasts with some other countries with similar output growth over recent years, like Germany and the United States, where unemployment has receded (Figure 1, Panel D). The youth unemployment r ...
... rate therefore remains elevated despite impressive labour market participation and employment rates. This contrasts with some other countries with similar output growth over recent years, like Germany and the United States, where unemployment has receded (Figure 1, Panel D). The youth unemployment r ...
The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy,
... the economic costs of this event. Our framework builds on Eaton and Kortum (2002), and the growing international trade literature that extends their model to multiple sectors.9 The geographic nature of our problem, namely the presence of labor mobility, local …xed factors, and heterogeneous producti ...
... the economic costs of this event. Our framework builds on Eaton and Kortum (2002), and the growing international trade literature that extends their model to multiple sectors.9 The geographic nature of our problem, namely the presence of labor mobility, local …xed factors, and heterogeneous producti ...
Retirement schemes and economic growth in sub-
... saving (personal saving through financial institutions, real estates, etc.). However, the debate regarding proposed reforms continues and it seems that the optimal solution is still to be devised. Research indicates that in the case of SSA countries, it is recommended that reforms start within exist ...
... saving (personal saving through financial institutions, real estates, etc.). However, the debate regarding proposed reforms continues and it seems that the optimal solution is still to be devised. Research indicates that in the case of SSA countries, it is recommended that reforms start within exist ...
Global Foreign Direct Investment Flows
... suitable firms for acquisition which, in turn, is related to the size of the host country’s stock market; 2. the possible effects on local output and prices of acquisitions and new ventures. The latter effects are proxied by the growth rate of production in the host market immediately before entry. ...
... suitable firms for acquisition which, in turn, is related to the size of the host country’s stock market; 2. the possible effects on local output and prices of acquisitions and new ventures. The latter effects are proxied by the growth rate of production in the host market immediately before entry. ...
NBER WORKING PAPER SERIES GROWTH FORECAST ERRORS AND FISCAL MULTIPLIERS Daniel Leigh
... evidence of more underestimation of fiscal multipliers earlier in the crisis (for the time intervals 2009–10 and 2010–11) than later in the crisis (2011–12 and 2012–13). Results for the earlier samples yield coefficients typically between 0.7 and 1.0. Results for the later samples yield coefficients ...
... evidence of more underestimation of fiscal multipliers earlier in the crisis (for the time intervals 2009–10 and 2010–11) than later in the crisis (2011–12 and 2012–13). Results for the earlier samples yield coefficients typically between 0.7 and 1.0. Results for the later samples yield coefficients ...
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.