DEC 2016 update
... China has confounded all the pessimists ( me) yet again and the recent stimulus seems to have worked. They are also cutting export prices to maintain volume. This suggests either they were making fat margins or they are putting sales and cash before profit. Or they are raising productivity through a ...
... China has confounded all the pessimists ( me) yet again and the recent stimulus seems to have worked. They are also cutting export prices to maintain volume. This suggests either they were making fat margins or they are putting sales and cash before profit. Or they are raising productivity through a ...
Growth - University of Notre Dame
... This growth is manifested in output and the real wage, but not the return on capital ...
... This growth is manifested in output and the real wage, but not the return on capital ...
Introduction -- Growth, Convergence and Income Distribution
... • If secular stagnation affects all countries, then convergence may disappear. • If it is more of a phenomenon affecting rich countries, then convergence could continue. • In this case, it may be that growth in the emerging world might actually provide the demand impulse needed for the advanced econ ...
... • If secular stagnation affects all countries, then convergence may disappear. • If it is more of a phenomenon affecting rich countries, then convergence could continue. • In this case, it may be that growth in the emerging world might actually provide the demand impulse needed for the advanced econ ...
Will Trump Deliver a Growth Miracle
... Someone will point out that there is more to Mr. Trump’s supply-side program than tax cuts. That’s true. The idea of building more infrastructure is a good one, though nearterm stimulative effects would be small. Furthermore, as Alan Krueger and I wrote in these pages last month, Mr. Trump’s plan t ...
... Someone will point out that there is more to Mr. Trump’s supply-side program than tax cuts. That’s true. The idea of building more infrastructure is a good one, though nearterm stimulative effects would be small. Furthermore, as Alan Krueger and I wrote in these pages last month, Mr. Trump’s plan t ...
Ecuador_en.pdf
... expenditure on fixed investment (-0.2%). Current revenue, meanwhile, rose by 0.4% in the same period, reflecting the continuing slump in oil revenues and a slowdown in non-oil income. The overall central government deficit thus widened from US$ 846.6 million in the period from January to July 2013 t ...
... expenditure on fixed investment (-0.2%). Current revenue, meanwhile, rose by 0.4% in the same period, reflecting the continuing slump in oil revenues and a slowdown in non-oil income. The overall central government deficit thus widened from US$ 846.6 million in the period from January to July 2013 t ...
Investments in Human Capital: The People Based Economy Kevin M. Murphy
... U.S. Real Per Capita GDP 1889-2010 Log of Real Per Capita GDP ...
... U.S. Real Per Capita GDP 1889-2010 Log of Real Per Capita GDP ...
Knowledge capital, growth, and the East Asian
... strong East Asian growth or the weak Latin American growth. (B) Differences in average math and science test scores can account for both phenomena. Both figures refer to the average annual rate of growth of real GDP per capita in 1960–2000, conditional to the initial level of real GDP per capita (bo ...
... strong East Asian growth or the weak Latin American growth. (B) Differences in average math and science test scores can account for both phenomena. Both figures refer to the average annual rate of growth of real GDP per capita in 1960–2000, conditional to the initial level of real GDP per capita (bo ...
specialize Specialization is similar to the division of labor
... Private good – provided by private sector (individuals/businesses) ...
... Private good – provided by private sector (individuals/businesses) ...
Production and Growth
... In the United States, each year of schooling raises a person’s wage on average by about 10 percent. Thus, one way the government can enhance the standard of living is to provide schools and encourage the population to take advantage of them. • An educated person might generate new ideas about ho ...
... In the United States, each year of schooling raises a person’s wage on average by about 10 percent. Thus, one way the government can enhance the standard of living is to provide schools and encourage the population to take advantage of them. • An educated person might generate new ideas about ho ...
Developed and Developing Powerpoint
... • Levels of economic development vary from country to country. Some countries are very wealthy and some are very poor. Standards of living and indicators of economic development are used to assess how wealthy a country is. ...
... • Levels of economic development vary from country to country. Some countries are very wealthy and some are very poor. Standards of living and indicators of economic development are used to assess how wealthy a country is. ...
Economic Geography - Willis High School
... • Levels of economic development vary from country to country. Some countries are very wealthy and some are very poor. Standards of living and indicators of economic development are used to assess how wealthy a country is. ...
... • Levels of economic development vary from country to country. Some countries are very wealthy and some are very poor. Standards of living and indicators of economic development are used to assess how wealthy a country is. ...
The presentation of Prof. Edward Prescott
... • If its per capita income grows at 7% annually for 16 years, it will join the set in 2025 • Over the last decade this growth rate has been nearer to ...
... • If its per capita income grows at 7% annually for 16 years, it will join the set in 2025 • Over the last decade this growth rate has been nearer to ...
ECONOMIC GROWTH Economic growth occurs when there is an
... include any illegal activity such as drug sales, “under the table” payments for work that is paid in cash (income tax is avoided), and a payment “in kind” e.g. a butcher exchanges some meat with a builder who helps to fix the shop. Transfer payments – these are not included in GDP because they are ...
... include any illegal activity such as drug sales, “under the table” payments for work that is paid in cash (income tax is avoided), and a payment “in kind” e.g. a butcher exchanges some meat with a builder who helps to fix the shop. Transfer payments – these are not included in GDP because they are ...
Cuba at a glance
... Although the Economist Intelligence Unit expects the transfer of power to be relatively smooth, there is no obvious candidate for the presidency among the younger generation of politicians. Systemic changes to the tightly controlled political system are unlikely. The economic reform process will rem ...
... Although the Economist Intelligence Unit expects the transfer of power to be relatively smooth, there is no obvious candidate for the presidency among the younger generation of politicians. Systemic changes to the tightly controlled political system are unlikely. The economic reform process will rem ...
FedViews
... November after gaining 298,000 jobs in October, bringing the 6-month moving average of job gains well over 200,000 per month. Since early 2010, 13.2 million jobs have been created. ...
... November after gaining 298,000 jobs in October, bringing the 6-month moving average of job gains well over 200,000 per month. Since early 2010, 13.2 million jobs have been created. ...
Business Times
... Chinese economy would correspond to 'an initial drop of 2.5 percentage points in GDP and eventually a 4.0 percentage-point decline if multiplier effects are taken into account. The impact on the rest of Asia (including Japan), after allowing for multiplier effects, is estimated to be a 0.4 percentag ...
... Chinese economy would correspond to 'an initial drop of 2.5 percentage points in GDP and eventually a 4.0 percentage-point decline if multiplier effects are taken into account. The impact on the rest of Asia (including Japan), after allowing for multiplier effects, is estimated to be a 0.4 percentag ...
Business Environment and Challenges in Nigeria
... 11.7million mobile/CDMA and 2.7million land lines as at August 2010, from just 400,000 total lines in 2001. ...
... 11.7million mobile/CDMA and 2.7million land lines as at August 2010, from just 400,000 total lines in 2001. ...
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.