PROBLEMS AND SOLUTIONS for B-level course Joakim Persson
... 7. ECONOMIC GROWTH THEORY: THE SOLOW MODEL Problem 7.00: Show in the Solow-diagram and explain in words: A. The effect of an increased saving rate on the steady-state levels of production per worker (Y/L), capital per worker (K/L), and the real wage (W/P). B. The effect of a lower population growth ...
... 7. ECONOMIC GROWTH THEORY: THE SOLOW MODEL Problem 7.00: Show in the Solow-diagram and explain in words: A. The effect of an increased saving rate on the steady-state levels of production per worker (Y/L), capital per worker (K/L), and the real wage (W/P). B. The effect of a lower population growth ...
Productivity of ICT and Non-ICT Capital – The
... and Spain), while exhibiting implausible variation across sectors. Schreyer (2010) analyses the computation of capital services and contributions to growth with external rates of return from a theory-based perspective. As potential causes for the gap between the residual rate of return and the margi ...
... and Spain), while exhibiting implausible variation across sectors. Schreyer (2010) analyses the computation of capital services and contributions to growth with external rates of return from a theory-based perspective. As potential causes for the gap between the residual rate of return and the margi ...
Patterns, Paradoxes, and Puzzles of International Capital Flows
... driving them. Although the predictions of the neoclassical theory regarding the determinants of international capital mobility are well established, the data has not been willing to support these predictions for some time. Indeed, the gap between theory and the data has led to many puzzles such as t ...
... driving them. Although the predictions of the neoclassical theory regarding the determinants of international capital mobility are well established, the data has not been willing to support these predictions for some time. Indeed, the gap between theory and the data has led to many puzzles such as t ...
Presentación de Florian A. Alburo, en inglés (pdf, 190 Kb.)
... The Philippines was not in the eye of the Asian crisis that battered the region in 1997 despite the fact that the country exhibited manifestations along several fronts. Nevertheless the country did suffer both from the contagion of the crisis as well as the fact the external sector plays a significa ...
... The Philippines was not in the eye of the Asian crisis that battered the region in 1997 despite the fact that the country exhibited manifestations along several fronts. Nevertheless the country did suffer both from the contagion of the crisis as well as the fact the external sector plays a significa ...
SPATIAL APPROACH TO TERRITORIAL CONVERGENCE
... supported by results of the empirical literature that has suggested to take into consideration the spatial dependence of regions (Temple 1999) in the light of the problem of bias regression coefficients or invalidation of significant tests when detecting the neoclassical hypothesis of convergence by ...
... supported by results of the empirical literature that has suggested to take into consideration the spatial dependence of regions (Temple 1999) in the light of the problem of bias regression coefficients or invalidation of significant tests when detecting the neoclassical hypothesis of convergence by ...
Sample
... Answer: The unemployment rate is the percentage of the labor force (those employed and unemployed) that is unemployed. The participation rate is the percentage of the working age population that is in the labor force. 5) Explain how the existence of discouraged workers alters the extent to which the ...
... Answer: The unemployment rate is the percentage of the labor force (those employed and unemployed) that is unemployed. The participation rate is the percentage of the working age population that is in the labor force. 5) Explain how the existence of discouraged workers alters the extent to which the ...
Lecture 5
... index. Here, the two deflators give two different answers. If a deflator is computed using last year's prices as our base year, the percent rise in the GDP deflator is (100-78)/78 = 28%. If a deflator is computed using this year's prices, the percent rise in the GDP deflator is (129-100)/100 = 29%. ...
... index. Here, the two deflators give two different answers. If a deflator is computed using last year's prices as our base year, the percent rise in the GDP deflator is (100-78)/78 = 28%. If a deflator is computed using this year's prices, the percent rise in the GDP deflator is (129-100)/100 = 29%. ...
Global best practice in productivity improvement – lessons
... 500 employees, budget of 410m USD (0.3% of GDP) of which $330m is spent on grants Provides input to other government agencies on how to make Singapore an attractive business location has led Singapore’s to be first in ease of doing business worldwide (World Bank) ~15% of staff located in 19 internat ...
... 500 employees, budget of 410m USD (0.3% of GDP) of which $330m is spent on grants Provides input to other government agencies on how to make Singapore an attractive business location has led Singapore’s to be first in ease of doing business worldwide (World Bank) ~15% of staff located in 19 internat ...
$doc.title
... of trade can improve. It can also be influenced by policy. And it can be influenced by other events, such as inter-commodity differences in productivity growth rates, demand elasticities, and factor supply responses. Since transport costs declined so sharply in the century following 1820, this is on ...
... of trade can improve. It can also be influenced by policy. And it can be influenced by other events, such as inter-commodity differences in productivity growth rates, demand elasticities, and factor supply responses. Since transport costs declined so sharply in the century following 1820, this is on ...
RVI115Sanchez_en.pdf
... stepped up efforts to finance public social spending and has even used fiscal revenues to safeguard such spending at times of crisis. Nonetheless, these efforts are not reflected in higher public social spending as a proportion of gdp because foreign financing of this spending has been declining (se ...
... stepped up efforts to finance public social spending and has even used fiscal revenues to safeguard such spending at times of crisis. Nonetheless, these efforts are not reflected in higher public social spending as a proportion of gdp because foreign financing of this spending has been declining (se ...
Slide 1
... country with that in another. Two special problems arise in making these comparisons. Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. ...
... country with that in another. Two special problems arise in making these comparisons. Real GDP of one country must be converted into the same currency units as the real GDP of the other country, so an exchange rate must be used. ...
Growth and poverty reduction in agriculture`s three worlds
... national poverty lines. Arrows show paths for Brazil, China, India, and Indonesia. The list of 3-letter country codes and the countries they represent can be found on page xviii. ...
... national poverty lines. Arrows show paths for Brazil, China, India, and Indonesia. The list of 3-letter country codes and the countries they represent can be found on page xviii. ...
material resources, productivity and the environment
... much more slowly than at the global level, except for metals. While the global use of material resources continues to increase, since 2000 there are signs of stabilisation in OECD countries as regards both material extraction and consumption; they levelled off at around 20Gt and 22Gt respectively, a ...
... much more slowly than at the global level, except for metals. While the global use of material resources continues to increase, since 2000 there are signs of stabilisation in OECD countries as regards both material extraction and consumption; they levelled off at around 20Gt and 22Gt respectively, a ...
The End of the Malthusian Stagnation Thesis (DOWNLOAD PAPER)
... special case where the rate of technological progress is zero. Once you admit for a positive rate of technological progress the economy can settle at an income above ‘bare bones’ subsistence and have positive population growth. The equilibrium level of income depends on the interplay between the ra ...
... special case where the rate of technological progress is zero. Once you admit for a positive rate of technological progress the economy can settle at an income above ‘bare bones’ subsistence and have positive population growth. The equilibrium level of income depends on the interplay between the ra ...
macronotes - Houston H. Stokes Page
... Theory sets up simplified models which can determine the direction or movement of focus variables using (graphical models) or the numerical values of focus variables (numerical models). Econometric models can be estimated using econometrics. In most cases the only statistics needed is mean, variance ...
... Theory sets up simplified models which can determine the direction or movement of focus variables using (graphical models) or the numerical values of focus variables (numerical models). Econometric models can be estimated using econometrics. In most cases the only statistics needed is mean, variance ...
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.