Moving to a New Global Competitiveness Index
... a globally recognized ranking of country competitiveness and a tool for benchmarking country strengths and weaknesses. In an effort to continually introduce the best available methodology in preparing the rankings, there has been a series of improvements in the methodology over the years. An importa ...
... a globally recognized ranking of country competitiveness and a tool for benchmarking country strengths and weaknesses. In an effort to continually introduce the best available methodology in preparing the rankings, there has been a series of improvements in the methodology over the years. An importa ...
ch_7
... Just because GDP rose does not mean welfare rose – it could be only prices rose. Comparing output over time is best done with real output which is nominal output adjusted for inflation. ...
... Just because GDP rose does not mean welfare rose – it could be only prices rose. Comparing output over time is best done with real output which is nominal output adjusted for inflation. ...
ch16
... In 2009, each employed person produced $100,000 of real GDP on average. So 650,000 people would produce $65 billion of GDP. But only 20 percent of the $787 billion stimulus package had been spent (or taken in tax breaks), so the stimulus was only about $160 billion. If government outlays of $160 bil ...
... In 2009, each employed person produced $100,000 of real GDP on average. So 650,000 people would produce $65 billion of GDP. But only 20 percent of the $787 billion stimulus package had been spent (or taken in tax breaks), so the stimulus was only about $160 billion. If government outlays of $160 bil ...
Banking system control, capital allocation, and economy performance
... Caprio, Laeven, and Levine (2007) and La Porta, Lopez-deSilanes, and Shleifer (2002). That is, we first identify all shareholders with voting blocks of 5% or more. If these are state organs or biological persons, we call them ultimate owners. However, most blockholders in most banks are corporations. ...
... Caprio, Laeven, and Levine (2007) and La Porta, Lopez-deSilanes, and Shleifer (2002). That is, we first identify all shareholders with voting blocks of 5% or more. If these are state organs or biological persons, we call them ultimate owners. However, most blockholders in most banks are corporations. ...
Comparing per capita income in the Hellenistic world: the case of
... English person could buy 1651 litre of wheat. According to Maddison’s estimates this is equivalent with 1411 G-K dollars at 1990 prices implying an exchange rate of 1.17 litre wheat per one G-K 1990 dollar. Hence calculated in wheat equivalents the income per capita in Mesopotamia around 500 BCE wa ...
... English person could buy 1651 litre of wheat. According to Maddison’s estimates this is equivalent with 1411 G-K dollars at 1990 prices implying an exchange rate of 1.17 litre wheat per one G-K 1990 dollar. Hence calculated in wheat equivalents the income per capita in Mesopotamia around 500 BCE wa ...
A Multi-sector Model of the Australian Economy Research Discussion
... economy like Australia, while still being simple enough to make the economic mechanisms at work within the model transparent and straightforward to communicate. We have therefore chosen to keep the number of real and nominal frictions to a minimum. An additional advantage to this approach is that it ...
... economy like Australia, while still being simple enough to make the economic mechanisms at work within the model transparent and straightforward to communicate. We have therefore chosen to keep the number of real and nominal frictions to a minimum. An additional advantage to this approach is that it ...
NRB Economic Review
... their intermediary role. He argued that the role of bank of channelizing resources from surplus sector to deficient sector plays crucial role in promoting growth. Several others such as (Kinnon 1973), Shaw (1973), Adekanye (1986), Fry (1988), King and Levine(1993), and Adeniyi (2006)have focused on ...
... their intermediary role. He argued that the role of bank of channelizing resources from surplus sector to deficient sector plays crucial role in promoting growth. Several others such as (Kinnon 1973), Shaw (1973), Adekanye (1986), Fry (1988), King and Levine(1993), and Adeniyi (2006)have focused on ...
here
... business, there is no clear indication that this has led to increased demand for these services overall. The cost savings revert to firm profits and the question of long-term economic effects then hinges on the share of these additional profits that are invested. As predicted by many of the studies ...
... business, there is no clear indication that this has led to increased demand for these services overall. The cost savings revert to firm profits and the question of long-term economic effects then hinges on the share of these additional profits that are invested. As predicted by many of the studies ...
NBER WORKING PAPER SERIES Alessandra Fogli
... One of the most striking features of the US economy over the last twenty years has been a large reduction in business cycle volatility. This phenomenon, also known as the “great moderation”, has been the topic of a large and growing debate among economists and policy-makers, which has focused mostly ...
... One of the most striking features of the US economy over the last twenty years has been a large reduction in business cycle volatility. This phenomenon, also known as the “great moderation”, has been the topic of a large and growing debate among economists and policy-makers, which has focused mostly ...
Macroeconomic Equilibrium File
... aggregate demand is inversely proportional. In case of decline in the price level planned aggregate expenditures grow. If the price level falls, then an immediate impact on household spending (C) is such that their disposable income remains the same nominally, but its real value increases. This mea ...
... aggregate demand is inversely proportional. In case of decline in the price level planned aggregate expenditures grow. If the price level falls, then an immediate impact on household spending (C) is such that their disposable income remains the same nominally, but its real value increases. This mea ...
department of economics yale university
... significant impact on the growth of these economies, and the impact was stronger when the financial sector was included in the model. Mundaca carried out several estimations on the impact of remittances on growth using different variables to proxy for financial development. When domestic credit from ...
... significant impact on the growth of these economies, and the impact was stronger when the financial sector was included in the model. Mundaca carried out several estimations on the impact of remittances on growth using different variables to proxy for financial development. When domestic credit from ...
Presentation: Baran Doda
... uctuations in GDP and CO2 emissions. The nature of the relationship is important for making sure theoretical models resemble the real world carbon pricing policy instruments in practice ...
... uctuations in GDP and CO2 emissions. The nature of the relationship is important for making sure theoretical models resemble the real world carbon pricing policy instruments in practice ...
The Relationship between Output and Unemployment with Efficiency Wages
... employment since firms find it more profitable to meet the rise in demand by inducing the workers to raise their (optimal) effort supply. These two states are separated by a third, the ‘threshold effort’ state, which corresponds to the peak of the humped-shaped relationship where the combination of ...
... employment since firms find it more profitable to meet the rise in demand by inducing the workers to raise their (optimal) effort supply. These two states are separated by a third, the ‘threshold effort’ state, which corresponds to the peak of the humped-shaped relationship where the combination of ...
Estimating The Optimal Level of Inflation (Inflation Threshold) in the Kingdom of Saudi Arabia
... It should be noted that the ultimate goal of economic policies is to achieve economic growth while maintaining this growth, and taking into account the stability of the general price level. To achieve this goal; fiscal policies is used to achieve the desired economic growth, and monetary policy is u ...
... It should be noted that the ultimate goal of economic policies is to achieve economic growth while maintaining this growth, and taking into account the stability of the general price level. To achieve this goal; fiscal policies is used to achieve the desired economic growth, and monetary policy is u ...
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.