Adventure Works! The All-UC Group in Economic History University of California
... Minsky (2008), Reinhardt and Rogoff (2009) and Akerlof and Schiller (2009). Minsky is in total opposition to the mainstream neoclassical theory of financial markets. The mainstream builds on the stability of the financial markets, even though one can find short term fluctuations. These fluctuations ...
... Minsky (2008), Reinhardt and Rogoff (2009) and Akerlof and Schiller (2009). Minsky is in total opposition to the mainstream neoclassical theory of financial markets. The mainstream builds on the stability of the financial markets, even though one can find short term fluctuations. These fluctuations ...
UNLEASHING MINNESOTA’S October 15, 2014
... entrepreneurial vision and a capable workforce. Minnesota’s history of successful business enterprises now extends well beyond the companies that sprouted from the state’s prairies and forests, proving that the people of Minnesota are the state’s most valuable resource. Their innovative spirit and w ...
... entrepreneurial vision and a capable workforce. Minnesota’s history of successful business enterprises now extends well beyond the companies that sprouted from the state’s prairies and forests, proving that the people of Minnesota are the state’s most valuable resource. Their innovative spirit and w ...
Word - The Open University
... rise of electricity and the internal-combustion engine allowed the factory system to emerge, which radically changed the organisation of work. The factory system, used first for the production of cotton but then extended to other industries, created a new, unified system of production which replaced ...
... rise of electricity and the internal-combustion engine allowed the factory system to emerge, which radically changed the organisation of work. The factory system, used first for the production of cotton but then extended to other industries, created a new, unified system of production which replaced ...
Graduate School of Management - personal.kent.edu
... The real concern is that the level of these activities has changed over time. If they remain constant as a percentage of GDP, we would be able to say that the doubling of GDP represented a doubling of economic activity. Some examples of changes over time ...
... The real concern is that the level of these activities has changed over time. If they remain constant as a percentage of GDP, we would be able to say that the doubling of GDP represented a doubling of economic activity. Some examples of changes over time ...
Chapter 11: Saving, Capital Accumulation, and Output
... The effects of the saving rate on the growth rate of output per worker: 1. The saving rate has no effect on the long run growth rate of output per worker, which is equal to zero. 1. Output per worker and capital per worker are constant in the steady state. 2. If an economy wanted to increase the s ...
... The effects of the saving rate on the growth rate of output per worker: 1. The saving rate has no effect on the long run growth rate of output per worker, which is equal to zero. 1. Output per worker and capital per worker are constant in the steady state. 2. If an economy wanted to increase the s ...
NBER WORKING PAPER SERIES THE CONDUCT OF DOMESTIC ICY Robert J. Gordon
... in nominal GNP growth will be divided between inflation and real GNP growth. The results from the equation estimated through 1980 are used to examine the behavior of inflation during the 1981—82 recession, and to predict the behavior of inflation and unemployment that would accompany alternative pat ...
... in nominal GNP growth will be divided between inflation and real GNP growth. The results from the equation estimated through 1980 are used to examine the behavior of inflation during the 1981—82 recession, and to predict the behavior of inflation and unemployment that would accompany alternative pat ...
Cover Page
... Wachovia Corporation Economics Group publications are distributed by Wachovia Corporation directly and through subsidiaries including, but not limited to, Wachovia Capital Markets, LLC, Wachovia Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are fo ...
... Wachovia Corporation Economics Group publications are distributed by Wachovia Corporation directly and through subsidiaries including, but not limited to, Wachovia Capital Markets, LLC, Wachovia Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are fo ...
Rhetoric and Reality: Evaluating Canada`s
... business- or market-oriented analysts (including real GDP growth, job-creation, business investment, and government debt), as well as several indicators more emphasized among social advocates (such as inequality, the value of public services, and participation). In this regard, the 16 indicators are ...
... business- or market-oriented analysts (including real GDP growth, job-creation, business investment, and government debt), as well as several indicators more emphasized among social advocates (such as inequality, the value of public services, and participation). In this regard, the 16 indicators are ...
DRAFT Do Worker Remittances Reduce Output Volatility in Developing Countries?
... A stylized fact of cross-country growth performance is that growth rates are not very persistent (Easterly, Kremer, and Summers, 1993). This volatility in growth rates is important not only for its direct welfare effects, but also because it may affect the average growth rate itself, as mentioned ab ...
... A stylized fact of cross-country growth performance is that growth rates are not very persistent (Easterly, Kremer, and Summers, 1993). This volatility in growth rates is important not only for its direct welfare effects, but also because it may affect the average growth rate itself, as mentioned ab ...
Energy and economic growth (PDF Available)
... either the maintenance of labor or the production of capital. Energy is also an essential factor of production (Stern, 1997). All production involves the transformation or movement of matter in some way and all such transformations require energy. Some aspects of organized matter - that is informati ...
... either the maintenance of labor or the production of capital. Energy is also an essential factor of production (Stern, 1997). All production involves the transformation or movement of matter in some way and all such transformations require energy. Some aspects of organized matter - that is informati ...
What`s so Great about the Great Moderation?
... volatility of macroeconomic aggregates beginning perhaps as early as the late 1970s. This period is identified as the Great Moderation, and a large literature has developed to understand this event. 1 Many empirical studies have focused exclusively on the United States. 2 Most investigations conside ...
... volatility of macroeconomic aggregates beginning perhaps as early as the late 1970s. This period is identified as the Great Moderation, and a large literature has developed to understand this event. 1 Many empirical studies have focused exclusively on the United States. 2 Most investigations conside ...
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... The same pattern applies to the Source: Ifo World Economic Survey (WES) II/2012. euro area (see Box 2). The indicaThe Ifo World Economic Climate is the arithmetic mean of the assessments of the current tor for the euro area moved up to situation and economic expectations for the next six months. The ...
... The same pattern applies to the Source: Ifo World Economic Survey (WES) II/2012. euro area (see Box 2). The indicaThe Ifo World Economic Climate is the arithmetic mean of the assessments of the current tor for the euro area moved up to situation and economic expectations for the next six months. The ...
Explaining Growth in Burundi: 1960-2000
... differ from actual data for the benchmark year, this does not have an important impact when they are adjusted by long time series of investment. Thus, k / lt , the ...
... differ from actual data for the benchmark year, this does not have an important impact when they are adjusted by long time series of investment. Thus, k / lt , the ...
here - University of Malta
... Intuitively, one should think that economically backward countries can grow faster than advanced countries as the former countries can copy and adopt readily available technologies invented by countries that developed earlier. This catching-up technological laggards has been termed the “advantage of ...
... Intuitively, one should think that economically backward countries can grow faster than advanced countries as the former countries can copy and adopt readily available technologies invented by countries that developed earlier. This catching-up technological laggards has been termed the “advantage of ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... wages and salaries, dividends, net interest, and rental income. The level of industrial prices tends to have wider fluctuations than the levels of retail prices and wages. Virtually all U. S. business contractions before World War II were associated with declines in wholesale prices. 4 However, the ...
... wages and salaries, dividends, net interest, and rental income. The level of industrial prices tends to have wider fluctuations than the levels of retail prices and wages. Virtually all U. S. business contractions before World War II were associated with declines in wholesale prices. 4 However, the ...
Economic Policy in EMU: Community Framework and National Strategies - focus on Greece
... A principal lesson of the first years of EMU is that, although the pursuit of macroeconomic stability is a precondition for sustainable growth, there is no automatic mechanism for raising the economy’s growth potential3. Most analysts, including international institutions (IMF, OECD) and Community ...
... A principal lesson of the first years of EMU is that, although the pursuit of macroeconomic stability is a precondition for sustainable growth, there is no automatic mechanism for raising the economy’s growth potential3. Most analysts, including international institutions (IMF, OECD) and Community ...
Final Paper: Ritter - Human Development and Capability Association
... assumed to be associated with economic growth (Todaro and Smith, 2003; Perkins, Radelet and Lindauer, 2006) but relatively few studies of the relationship between these factors and human development, and fewer still on the relationship between these factors and human poverty. Throughout much of the ...
... assumed to be associated with economic growth (Todaro and Smith, 2003; Perkins, Radelet and Lindauer, 2006) but relatively few studies of the relationship between these factors and human development, and fewer still on the relationship between these factors and human poverty. Throughout much of the ...
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.