Economic Watch - BBVA Research
... public debt of less than 100% of GDP and a public deficit less than 6%, and with no financial crisis), the multiplier is zero. In a survey of the empirical literature Spilimbergo, Symansky and Schindler (2009) find a range of multipliers, from -1.5 to 5.2, although it is very rare to find multiplier ...
... public debt of less than 100% of GDP and a public deficit less than 6%, and with no financial crisis), the multiplier is zero. In a survey of the empirical literature Spilimbergo, Symansky and Schindler (2009) find a range of multipliers, from -1.5 to 5.2, although it is very rare to find multiplier ...
vsi11 lec Pinotti 16045017 en
... move down to an inferior growth path, accumulating an increasing delay over the following decades. Over a thirty-year period, the two regions experience a 16% drop in GDP per capita relative to the synthetic control, at the same time as the difference in murder rates increases from 0 to 3 additional ...
... move down to an inferior growth path, accumulating an increasing delay over the following decades. Over a thirty-year period, the two regions experience a 16% drop in GDP per capita relative to the synthetic control, at the same time as the difference in murder rates increases from 0 to 3 additional ...
Openness and economic volatility
... Temple (2009) refer to the effect of the domestic institutional quality on volatility, including the possibility that openness leads to a higher risk of policy mismanagement if political institutions are weak, which, according to (Ahmed 2003) could intensify the negative effects of external shocks. ...
... Temple (2009) refer to the effect of the domestic institutional quality on volatility, including the possibility that openness leads to a higher risk of policy mismanagement if political institutions are weak, which, according to (Ahmed 2003) could intensify the negative effects of external shocks. ...
Grad8
... This shows that autonomous spending multiplier given in (8.15) is equal to the sum of all the rounds of spending generated by the initial one dollar autonomous increase is spending. The reason the multiplier is greater than one is that any additional spending becomes additional income, which then te ...
... This shows that autonomous spending multiplier given in (8.15) is equal to the sum of all the rounds of spending generated by the initial one dollar autonomous increase is spending. The reason the multiplier is greater than one is that any additional spending becomes additional income, which then te ...
Transportation and Development: Insights from the U.S. 1840–1860
... Our model has the following key features. First, the Midwest has a comparative advantage in agriculture and the Northeast has a comparative advantage in industry, reflecting that farm land was (and is) much more fertile in the Midwest than in the Northeast. This gives a motive for interregional tra ...
... Our model has the following key features. First, the Midwest has a comparative advantage in agriculture and the Northeast has a comparative advantage in industry, reflecting that farm land was (and is) much more fertile in the Midwest than in the Northeast. This gives a motive for interregional tra ...
The New Tourism: the Growth of a New Middle Class and the
... visits to tourist destinations in Asia. Tourist arrivals to European destinations have increased approximately 16% from 2000 to 2010, while arrivals to Asian destinations have increased almost 80% over the decade. The increase in tourist activity among the newly middle-class consumers of Asia has b ...
... visits to tourist destinations in Asia. Tourist arrivals to European destinations have increased approximately 16% from 2000 to 2010, while arrivals to Asian destinations have increased almost 80% over the decade. The increase in tourist activity among the newly middle-class consumers of Asia has b ...
Narodna banka na Republika Makedonija
... During the third quarter of the year, the monetary policy remained unchanged. The National Bank maintained the policy rate at 3.25%, assessing it as appropriate for the economic and financial conditions in this period, as well as for the estimated risks. Monitoring of the key indicators has shown th ...
... During the third quarter of the year, the monetary policy remained unchanged. The National Bank maintained the policy rate at 3.25%, assessing it as appropriate for the economic and financial conditions in this period, as well as for the estimated risks. Monitoring of the key indicators has shown th ...
3648_UK Hotels Forecast_v12.indd
... protection and know what they are getting. They may look for more inclusive holidays and if they can’t get credit they will pay in cash” Malcolm Preston, Travel Sector Leader, PricewaterhouseCoopers, October 2008 ...
... protection and know what they are getting. They may look for more inclusive holidays and if they can’t get credit they will pay in cash” Malcolm Preston, Travel Sector Leader, PricewaterhouseCoopers, October 2008 ...
THE ROLE OF REMITTANCES AS MORE EFFICIENT TOOL OF
... too poor to grow without foreign assistance and especially the continent needs a big push in the form of aid flows to end poverty (Sachs, 2005). Further, the optimists argue that development aid has a positive and statistically significant causal effect on growth over the long run (Arndt, Jones, Tarp, ...
... too poor to grow without foreign assistance and especially the continent needs a big push in the form of aid flows to end poverty (Sachs, 2005). Further, the optimists argue that development aid has a positive and statistically significant causal effect on growth over the long run (Arndt, Jones, Tarp, ...
Development - Loudoun County Public Schools
... MDCs Workers produce more with less effort due to technology (machines, tools, equipment) LDCs rely solely on human labor and animal power ...
... MDCs Workers produce more with less effort due to technology (machines, tools, equipment) LDCs rely solely on human labor and animal power ...
esp09 Katsimi 9675206 en
... the profit margin. Their empirical findings attested to a clear negative association between unit labour costs and profit margins. This finding is corroborated by the stylized facts presented in the study by Bottazi et al. (1996) who used a sample of OECD countries and showed that the average correl ...
... the profit margin. Their empirical findings attested to a clear negative association between unit labour costs and profit margins. This finding is corroborated by the stylized facts presented in the study by Bottazi et al. (1996) who used a sample of OECD countries and showed that the average correl ...
Agricultural Productivity in Thailand
... fact they can consume in term of quantities of outputs more than before. Normally, the poor have the limited choices for consumption. Higher freedom in life could parallel with the better poverty position for those persons. Therefore, the poverty incidence is divided into four aspects, namely moneta ...
... fact they can consume in term of quantities of outputs more than before. Normally, the poor have the limited choices for consumption. Higher freedom in life could parallel with the better poverty position for those persons. Therefore, the poverty incidence is divided into four aspects, namely moneta ...
The US economy from 1992 to 1998: historical and decom-
... where Zj is the activity level (overall level of output) in industry j; and BijBi is the input of i per unit of activity in industry j with Bij and Bi being technological variables which can be used in simulating the effects of changes in the input of i per unit of activity in j and the input of i p ...
... where Zj is the activity level (overall level of output) in industry j; and BijBi is the input of i per unit of activity in industry j with Bij and Bi being technological variables which can be used in simulating the effects of changes in the input of i per unit of activity in j and the input of i p ...
Robrt J. Gordon Working 1050 OF EVENTS AND
... acceleration in inflation together with the failure of the tax surcharge enacted in that year. Similarly, the increased degree of inertia evident in the behavior of inflation from 1954 on helped win ready acceptance for the idea of a stable Phillips—curve tradeoff, while the refusal of inflation to ...
... acceleration in inflation together with the failure of the tax surcharge enacted in that year. Similarly, the increased degree of inertia evident in the behavior of inflation from 1954 on helped win ready acceptance for the idea of a stable Phillips—curve tradeoff, while the refusal of inflation to ...
70031054I_en.pdf
... non-financial public sector for twelve Latin American countries in the 1990s (section IV). According to these calculations, the cyclical component reaches maximum levels exceeding one percentage point of GDP in the countries with the highest tax rates and/or the greatest volatility, such as Argentin ...
... non-financial public sector for twelve Latin American countries in the 1990s (section IV). According to these calculations, the cyclical component reaches maximum levels exceeding one percentage point of GDP in the countries with the highest tax rates and/or the greatest volatility, such as Argentin ...
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.