Does Trade Openness Favour or Hinder Industrialization and Development? Mehdi Shafaeddin*
... in the interest of developing countries. Initial tariffs for developing countries are well higher than that of developed countries. Therefore, they would be subject to significantly greater reduction in their tariff rates not only in absolute terms but also in percentage terms. For example, if the E ...
... in the interest of developing countries. Initial tariffs for developing countries are well higher than that of developed countries. Therefore, they would be subject to significantly greater reduction in their tariff rates not only in absolute terms but also in percentage terms. For example, if the E ...
Wage-led growth in the EU15 Member States: the effects of income
... countries individually, including those previously not covered in the empirical literature. Second, we analyse the effects of a simultaneous fall in the wage share and its impact on growth in the EU15 as well as on investment, net exports, and prices based on interactions across countries. The model ...
... countries individually, including those previously not covered in the empirical literature. Second, we analyse the effects of a simultaneous fall in the wage share and its impact on growth in the EU15 as well as on investment, net exports, and prices based on interactions across countries. The model ...
Shock Therapy versus Gradualism
... Take the example of Vietnam and China - two countries that shared a lot of similarities in initial conditions and achieved basically the same results (immediate growth of output without transformational recession) despite different reform strategies. While Chinese reforms are normally treated as a c ...
... Take the example of Vietnam and China - two countries that shared a lot of similarities in initial conditions and achieved basically the same results (immediate growth of output without transformational recession) despite different reform strategies. While Chinese reforms are normally treated as a c ...
Metro Manila Real Estate Midyear Report | 1H 2013
... grade A office space that will increase by an additional 70,000 sqms by the end of the year. This consists of Alphaland Tower and V Tower. The average asking rental rates for premium space in the Makati CBD reached up to 1,027 PHP per sqm, and maximum rate is at 1,200 PHP. Grade A rates accounted fo ...
... grade A office space that will increase by an additional 70,000 sqms by the end of the year. This consists of Alphaland Tower and V Tower. The average asking rental rates for premium space in the Makati CBD reached up to 1,027 PHP per sqm, and maximum rate is at 1,200 PHP. Grade A rates accounted fo ...
Table 1: Comparison of Average Values of TFPG and some other
... It is generally argued that Japanese firms behave differently from other firms, either because of their protected domestic base or because they have different financial and institutional structures. (Graham and Krugman 1995). The Japanese FDI are largely undertaken by small and medium sized firms wh ...
... It is generally argued that Japanese firms behave differently from other firms, either because of their protected domestic base or because they have different financial and institutional structures. (Graham and Krugman 1995). The Japanese FDI are largely undertaken by small and medium sized firms wh ...
This Paper - World Review of Business Research
... debt both foreign and national, current account deficits, alarming inflation levels, fall in public sector investment, inadequate infrastructure, and persistently prevailing low social indicators dampened economic growth of Pakistan though the average annual economic growth rate of Pakistan was 5.47 ...
... debt both foreign and national, current account deficits, alarming inflation levels, fall in public sector investment, inadequate infrastructure, and persistently prevailing low social indicators dampened economic growth of Pakistan though the average annual economic growth rate of Pakistan was 5.47 ...
Accumulation Regimes, Endogenous Desired
... 2- Excess Capacity, Income distribution and Investment Decision: the Canonical KaleckiSteindl growth model. ...
... 2- Excess Capacity, Income distribution and Investment Decision: the Canonical KaleckiSteindl growth model. ...
Central, Eastern, and Southeastern Europe
... and improving the quality of budgets in recent years. Can CESEE countries reconcile fiscal consolidation with growth? The analysis presented in this Regional Economic Issues report offers some insights: ...
... and improving the quality of budgets in recent years. Can CESEE countries reconcile fiscal consolidation with growth? The analysis presented in this Regional Economic Issues report offers some insights: ...
Beyond Computation: Information Technology, Organizational
... economic actors, as compared with more decentralized structures (Malone, 1987; Radner, 1993). Similarly, producing simple, standardized products is an efficient way to utilize inflexible, scale-intensive manufacturing technology. However, as the cost of automated information processing has fallen by ...
... economic actors, as compared with more decentralized structures (Malone, 1987; Radner, 1993). Similarly, producing simple, standardized products is an efficient way to utilize inflexible, scale-intensive manufacturing technology. However, as the cost of automated information processing has fallen by ...
Business cycles, bifurcations and chaos in a neo
... losses in gross domestic product (GDP) over this century (IPCC, 2001). Both categories of activists thus tend to suspect that the figures suggested by current models underestimate either type of costs, since real economies rarely manifest a tendency to steady-state behavior. The core debate in macro ...
... losses in gross domestic product (GDP) over this century (IPCC, 2001). Both categories of activists thus tend to suspect that the figures suggested by current models underestimate either type of costs, since real economies rarely manifest a tendency to steady-state behavior. The core debate in macro ...
GROWING, SHRINKING AND LONG RUN
... analysing the forces making for a reduction in shrinking, including (1) demography (2) war and peace (3) economic structure (4) technological change and (5) institutions. Our historical analysis points to institutional change as the key common factor behind the transition to modern economic growth. ...
... analysing the forces making for a reduction in shrinking, including (1) demography (2) war and peace (3) economic structure (4) technological change and (5) institutions. Our historical analysis points to institutional change as the key common factor behind the transition to modern economic growth. ...
Chapter 13
... As we move along the AS curve, the only thing that can cause a change in the quantity of real GDP supplied is a change in the price level. E.g., if the price level increases from 115 to 130, real GDP increases from $9 trillion to $10 trillion. If the price level decreases from 115 to 100, real GDP ...
... As we move along the AS curve, the only thing that can cause a change in the quantity of real GDP supplied is a change in the price level. E.g., if the price level increases from 115 to 130, real GDP increases from $9 trillion to $10 trillion. If the price level decreases from 115 to 100, real GDP ...
The impact of international capital flows on the South Africa... since the end of apartheid Seeraj Mohamed
... improved access to credit for productive investment and employment creation. Instead, easier access to credit has supported existing negative trends in the economy. For example, the exuberance in the stock market experienced from the early-1990s that led to higher share prices seems to have continu ...
... improved access to credit for productive investment and employment creation. Instead, easier access to credit has supported existing negative trends in the economy. For example, the exuberance in the stock market experienced from the early-1990s that led to higher share prices seems to have continu ...
Author`s personal copy
... determined each period. However, some other concepts, such as public wages, the payment of interest on public debt or bureaucratic costs, can be seen as a type of public expenditures that were previously committed and that any government should take as exogenous. The number of public servants ultima ...
... determined each period. However, some other concepts, such as public wages, the payment of interest on public debt or bureaucratic costs, can be seen as a type of public expenditures that were previously committed and that any government should take as exogenous. The number of public servants ultima ...
State of the Economy: An Overview
... negative territory for more than a year and the all-important consumer prices inflation has declined to nearly half of what it was a few years ago. However, weak growth in advanced and emerging economies has taken its toll on India’s exports. As imports have also declined, principally on account of ...
... negative territory for more than a year and the all-important consumer prices inflation has declined to nearly half of what it was a few years ago. However, weak growth in advanced and emerging economies has taken its toll on India’s exports. As imports have also declined, principally on account of ...
Fall 2015 Calgary and Region Economic Outlook 2015-2020
... shifts in the population distribution among different age groups over the 2015-2020 period. The largest population increases would occur in the 35-39 age group (24,000) and the 45-49 age group (19,800). These cohorts correspond with those groups that have high migration rates. While small changes wo ...
... shifts in the population distribution among different age groups over the 2015-2020 period. The largest population increases would occur in the 35-39 age group (24,000) and the 45-49 age group (19,800). These cohorts correspond with those groups that have high migration rates. While small changes wo ...
del04-vonhagen 223944 en
... public debate over the issue, and proposals for changes of the current framework range from simply abolishing it to strengthening its rules. In this paper, we review the background of this debate and develop our own proposal for reform. We begin with a discussion of the institutional developments. I ...
... public debate over the issue, and proposals for changes of the current framework range from simply abolishing it to strengthening its rules. In this paper, we review the background of this debate and develop our own proposal for reform. We begin with a discussion of the institutional developments. I ...
DETERMINANTS OF HIGH INFLATION IN AN LDC:
... Inspection of the stability or otherwise of inflation was done using the Cumulative Sum(CUSUM) of the residuals which revealed that a number of significant structural breaks may have occurred in the periods 1975:3, 1979:4, 1982:4, 1985:2, 1988:3 and 1992:1. The Chow breakpoint tests at these time pe ...
... Inspection of the stability or otherwise of inflation was done using the Cumulative Sum(CUSUM) of the residuals which revealed that a number of significant structural breaks may have occurred in the periods 1975:3, 1979:4, 1982:4, 1985:2, 1988:3 and 1992:1. The Chow breakpoint tests at these time pe ...
NBER WORKING PAPER SERIES AND TRADE Gene M. Grossman Elhanan Helprnan
... est to trade economists and often made the subject of their informal writings—could not be addressed in a formal and rigorous way using the static models of old. At the most general level, there is the question: How does trade affect a country's (and the world's) growth rate? Will every country grow ...
... est to trade economists and often made the subject of their informal writings—could not be addressed in a formal and rigorous way using the static models of old. At the most general level, there is the question: How does trade affect a country's (and the world's) growth rate? Will every country grow ...
Inflation and Economic Growth
... inflation/GDP growth relationship. Of course, these data plots do not control for factors other than inflation that could be affecting economic growth. FIGURE 1 BELONGS HERE We label in the four diagrams the data points that emerge as outliers through simple observation. This provides some useful pe ...
... inflation/GDP growth relationship. Of course, these data plots do not control for factors other than inflation that could be affecting economic growth. FIGURE 1 BELONGS HERE We label in the four diagrams the data points that emerge as outliers through simple observation. This provides some useful pe ...
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.