Measuring GDP and
... Measuring Canadian GDP Nominal GDP and Real GDP Real GDP is the value of final goods and services produced in a given year when valued at valued at the prices of a reference base year. Currently, the reference base year is 2002 and we describe real GDP as measured in 2002 dollars. Nominal GDP is t ...
... Measuring Canadian GDP Nominal GDP and Real GDP Real GDP is the value of final goods and services produced in a given year when valued at valued at the prices of a reference base year. Currently, the reference base year is 2002 and we describe real GDP as measured in 2002 dollars. Nominal GDP is t ...
What Explains the Great Recession and the Slow Recovery?
... of the fiscal multiplier. In these papers, it is assumed that a shock to households’ discount factors is what causes the ZLB to bind, and hence the narrative around liquidity trap episodes has been centered on frictions that affect mostly consumption. Compared to this line of work, in my model there ...
... of the fiscal multiplier. In these papers, it is assumed that a shock to households’ discount factors is what causes the ZLB to bind, and hence the narrative around liquidity trap episodes has been centered on frictions that affect mostly consumption. Compared to this line of work, in my model there ...
Guebeli-sde05-s 1001281 en
... and construction sectors' contribution to GDP is only about 15%, but they both follow highly volatile tracks that are largely uncorrelated with the rest of the economy. Therefore, our new multi-sectoral approach should give superior results whenever the banking or the construction sector deviate st ...
... and construction sectors' contribution to GDP is only about 15%, but they both follow highly volatile tracks that are largely uncorrelated with the rest of the economy. Therefore, our new multi-sectoral approach should give superior results whenever the banking or the construction sector deviate st ...
Patience and the Wealth of Nations
... • relationship not restricted to GDP/capita as measure. ...
... • relationship not restricted to GDP/capita as measure. ...
Welfare Gains from Financial Liberalization Robert M. Townsend and Kenichi Ueda
... financial liberalization. By looking at auxiliary variables, inequality and investment, we find that the 1987-89 Thai episode is more consistent with the variable-cost-reduction case, in which the growth effects are often positive and the welfare gains are closer to 28 percent, the upper-end of our ...
... financial liberalization. By looking at auxiliary variables, inequality and investment, we find that the 1987-89 Thai episode is more consistent with the variable-cost-reduction case, in which the growth effects are often positive and the welfare gains are closer to 28 percent, the upper-end of our ...
NBER WORKING PAPER SERIES BUSINESS CYCLES IN EMERGING ECONOMIES: Pablo A. Neumeyer
... economy (productivity shocks in our model). In this case, these shocks drive, at the same time, business cycles and fluctuations in country risk. Our first finding is that the quantitative results from the model with productivity shocks and country risk induced by productivity shocks can account for ...
... economy (productivity shocks in our model). In this case, these shocks drive, at the same time, business cycles and fluctuations in country risk. Our first finding is that the quantitative results from the model with productivity shocks and country risk induced by productivity shocks can account for ...
Slide 1
... depreciation, is one of the incomes included in the income approach to measuring GDP. So aggregate income is a gross measure. ...
... depreciation, is one of the incomes included in the income approach to measuring GDP. So aggregate income is a gross measure. ...
What is poverty and who are the poor
... Modern economic growth began in mid-18th century Europe, and the ensuing economic progress spread, reducing absolute poverty worldwide. Since 1750, human society has made consistent inroads against absolute poverty, and improvements have been especially noteworthy in the last quarter century. Fo ...
... Modern economic growth began in mid-18th century Europe, and the ensuing economic progress spread, reducing absolute poverty worldwide. Since 1750, human society has made consistent inroads against absolute poverty, and improvements have been especially noteworthy in the last quarter century. Fo ...
FRBSF E L
... Our empirical analysis shows that inflation declined in countries following the adoption of an inflation targeting regime, consistent with past studies. This clearly is an intended consequence of such policies. We also find that such policies have a positive effect on economic growth in advanced eco ...
... Our empirical analysis shows that inflation declined in countries following the adoption of an inflation targeting regime, consistent with past studies. This clearly is an intended consequence of such policies. We also find that such policies have a positive effect on economic growth in advanced eco ...
A Spatial Econometric Analysis of Geographic Spillovers and
... firm is due to the presence of other firms, which have chosen to locate there before. In multi-regional models (Krugman, 1993b), it is shown that two agglomerations are separated by a minimum distance because a shadow effect prevents the formation of a distinct agglomeration in the neighborhood of a ...
... firm is due to the presence of other firms, which have chosen to locate there before. In multi-regional models (Krugman, 1993b), it is shown that two agglomerations are separated by a minimum distance because a shadow effect prevents the formation of a distinct agglomeration in the neighborhood of a ...
Diffusion of Innovation
... technique." The concern is on how the economy adjusts or `diffuses' to the new technology. This adjustment or diffusion can be instantaneous or gradual. Amendola explains a `new', expanded interpretation of the process of innovation has emerged. Less emphasis is on the actual absorption of a given t ...
... technique." The concern is on how the economy adjusts or `diffuses' to the new technology. This adjustment or diffusion can be instantaneous or gradual. Amendola explains a `new', expanded interpretation of the process of innovation has emerged. Less emphasis is on the actual absorption of a given t ...
PDF
... is not available but it is assumed that about 90 % of rural households r ear p oultr y under scavenging condition. Scavenging poultr y contr ibutes 30 to 40 % of eggs and 50 % of poultr y meat in the country. In 1935 gover nment intr oduced impr oved breeds of poultry in gover nment poultry farms fo ...
... is not available but it is assumed that about 90 % of rural households r ear p oultr y under scavenging condition. Scavenging poultr y contr ibutes 30 to 40 % of eggs and 50 % of poultr y meat in the country. In 1935 gover nment intr oduced impr oved breeds of poultry in gover nment poultry farms fo ...
Department of Economic History, Stockholm University
... I try to grasp the essence of capital accumulation by studying a concrete case of the process – long term economic growth, crises and transformation in Sweden – in this way also contribute to understand the former. This also poses a limitation, because only a study of international capitalism should ...
... I try to grasp the essence of capital accumulation by studying a concrete case of the process – long term economic growth, crises and transformation in Sweden – in this way also contribute to understand the former. This also poses a limitation, because only a study of international capitalism should ...
Hanna G. ADAMKIEWICZ, Stanislaw M. KOT1 HOW DOES
... Tables 3.-5. show that all the parameters are statistically significant (at a 0.05 level of significance). The goodness of fit of the logistic function is surprisingly high bearing in mind that GDP/capita is explained by a single variable only. This means that the Global Competitiveness Index seems ...
... Tables 3.-5. show that all the parameters are statistically significant (at a 0.05 level of significance). The goodness of fit of the logistic function is surprisingly high bearing in mind that GDP/capita is explained by a single variable only. This means that the Global Competitiveness Index seems ...
chapter 35: extending the analysis of aggregate supply - jb
... workers, and unemployment temporarily increases. As a result of the layoffs and lower inflationary expectations, workers accept lower wages (or at least lower increases in the wage rates), firms increase production at the lower cost, more workers are hired, and the unemployment rate returns to the n ...
... workers, and unemployment temporarily increases. As a result of the layoffs and lower inflationary expectations, workers accept lower wages (or at least lower increases in the wage rates), firms increase production at the lower cost, more workers are hired, and the unemployment rate returns to the n ...
May 2014 - University of British Columbia
... standard model with time-additive preferences. Without equal rates of time preference, the asymptotic distribution of world wealth is typically degenerate under additively separable preferences. While models with equal reates of time preference but cross-country di¤erences in demographics and produ ...
... standard model with time-additive preferences. Without equal rates of time preference, the asymptotic distribution of world wealth is typically degenerate under additively separable preferences. While models with equal reates of time preference but cross-country di¤erences in demographics and produ ...
Figure 7 Employment growth rate
... Figure 7 Employment growth rate (%) for the 7 low-performing economies. ....................... 23 Figure 8 Employment growth rate (%) for the 8 high-performing economies. ....................... 23 Figure 9 Employment rate growth means and std. deviations for low and high-performing EU15 economies. ...
... Figure 7 Employment growth rate (%) for the 7 low-performing economies. ....................... 23 Figure 8 Employment growth rate (%) for the 8 high-performing economies. ....................... 23 Figure 9 Employment rate growth means and std. deviations for low and high-performing EU15 economies. ...
Permanent vs transitory components and economic fundamentals
... A significant difference between the definitions of the B–N permanent and transitory components given here, and the standard formulation, is that our definitions are entirely in terms of current-dated observable economic magnitudes, in contrast to the standard definition in terms of the moving avera ...
... A significant difference between the definitions of the B–N permanent and transitory components given here, and the standard formulation, is that our definitions are entirely in terms of current-dated observable economic magnitudes, in contrast to the standard definition in terms of the moving avera ...
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.