Microsoft Word - UWE Research Repository
... expenditure and GDP;1 the strength and similarity of results generated with either GNP or GDP will depend on the importance of the international market to the growth of the economy; empiricists should choose wisely between these two measures of national output. New Zealand has been a highly protect ...
... expenditure and GDP;1 the strength and similarity of results generated with either GNP or GDP will depend on the importance of the international market to the growth of the economy; empiricists should choose wisely between these two measures of national output. New Zealand has been a highly protect ...
Interlinkages between Growth, Distribution and Re
... inequality across economies, their fear only worsened by the 2008 financial crisis. While many analysts still hold that economic weakness caused by income inequality led to the crisis, the issue of the relationship between economic growth and inequality has been heavily discussed and severely contes ...
... inequality across economies, their fear only worsened by the 2008 financial crisis. While many analysts still hold that economic weakness caused by income inequality led to the crisis, the issue of the relationship between economic growth and inequality has been heavily discussed and severely contes ...
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... growth will be slightly lower than before, but remain on a high level of approximately 81/2 percent. During the first half of 2005, Japan continued its recovery. So far, it has mainly been based on export growth, as the country benefited from strong developments in the rest of Asia and in particular ...
... growth will be slightly lower than before, but remain on a high level of approximately 81/2 percent. During the first half of 2005, Japan continued its recovery. So far, it has mainly been based on export growth, as the country benefited from strong developments in the rest of Asia and in particular ...
IOSR Journal of Business and Management (IOSR-JBM)
... check on private expenditure which is dependent upon government demand for goods and services in order to curb inflation. Also, personal consumption expenditure should be cut by raising the rates of direct taxes, in order to reduce the disposable income, but it does not adversely affect savings, inv ...
... check on private expenditure which is dependent upon government demand for goods and services in order to curb inflation. Also, personal consumption expenditure should be cut by raising the rates of direct taxes, in order to reduce the disposable income, but it does not adversely affect savings, inv ...
NBER WORKING PAPER SERIES TECHNOLOGY DIFFUSION AND POSTWAR GROWTH Diego A. Comin
... Eaton and Kortum (1997) emphasize the importance of endogenous technology adoption for matching the postwar productivity growth experiences of the manufacturing sectors in the world’s …ve leading industrialized economies. Gilchrist and Williams (2004) argue that endogenous productivity growth due t ...
... Eaton and Kortum (1997) emphasize the importance of endogenous technology adoption for matching the postwar productivity growth experiences of the manufacturing sectors in the world’s …ve leading industrialized economies. Gilchrist and Williams (2004) argue that endogenous productivity growth due t ...
What do the Different Measures of GDP Tell Us?
... economic growth. This shift is likely to accelerate in the current environment of concerns about a “new normal” of slow growth, with the debate framed by supply determinants such as an aging labour force and whether technological innovations have been mostly exhausted. How one views GDP has importan ...
... economic growth. This shift is likely to accelerate in the current environment of concerns about a “new normal” of slow growth, with the debate framed by supply determinants such as an aging labour force and whether technological innovations have been mostly exhausted. How one views GDP has importan ...
Government Ownership of Banking
... inflation rates from the World Economic Outlook database. Annual GDP per capita growth (in 2005 US$) is from the ERS. Data on institutional quality are from the Kaufmann et al (2005) Quality of Governance dataset. We create an average variable for each institutional quality variable from all the ava ...
... inflation rates from the World Economic Outlook database. Annual GDP per capita growth (in 2005 US$) is from the ERS. Data on institutional quality are from the Kaufmann et al (2005) Quality of Governance dataset. We create an average variable for each institutional quality variable from all the ava ...
word 97
... that the rise in oil prices will peter out and possibly be partly reversed in 2000, and that the United States economy will achieve a “soft landing”.32 The millennium date change (the so-called Y2K problem) did not have any significant adverse impact on macroeconomic developments in early 2000. The ...
... that the rise in oil prices will peter out and possibly be partly reversed in 2000, and that the United States economy will achieve a “soft landing”.32 The millennium date change (the so-called Y2K problem) did not have any significant adverse impact on macroeconomic developments in early 2000. The ...
S2012029_en.pdf
... crisis and the lost decade of the 1980s: fiscal restraint with an emphasis on slashing social spending and public investment. In contrast to that paradigm, which swept across Latin America during the debt crisis and is doing so now in Europe, what is put forward herein is the importance of strengthe ...
... crisis and the lost decade of the 1980s: fiscal restraint with an emphasis on slashing social spending and public investment. In contrast to that paradigm, which swept across Latin America during the debt crisis and is doing so now in Europe, what is put forward herein is the importance of strengthe ...
Volume 36, Issue 4
... demand shocks do not have any long-run real effect unless when shifting the supply curve.2 In baseline results we make use of accumulated structural impulse response functions (SIRFs) and forecast error variance decompositions (FEVD). To sum up, if, according to our unit roots tests, the acceleratio ...
... demand shocks do not have any long-run real effect unless when shifting the supply curve.2 In baseline results we make use of accumulated structural impulse response functions (SIRFs) and forecast error variance decompositions (FEVD). To sum up, if, according to our unit roots tests, the acceleratio ...
Presidents and the U.S. Economy: An Econometric Exploration
... 256 quarters in these 16 terms, Republicans occupied the White House for 144 quarters, Democrats for 112. But of the 49 quarters classified by the NBER as in recession, only eight came under Democrats versus 41 under Republicans.5 Thus, the U.S. economy was in recession for 1.1 quarters on average d ...
... 256 quarters in these 16 terms, Republicans occupied the White House for 144 quarters, Democrats for 112. But of the 49 quarters classified by the NBER as in recession, only eight came under Democrats versus 41 under Republicans.5 Thus, the U.S. economy was in recession for 1.1 quarters on average d ...
Review Quiz Answers Econ 103
... sums all the incomes paid to households by firms for the factors of production they hire. The National Income and Product Accounts divide income into five categories: compensation of employees; net interest; rental income; corporate profits; and proprietors’ income. Adding these income components do ...
... sums all the incomes paid to households by firms for the factors of production they hire. The National Income and Product Accounts divide income into five categories: compensation of employees; net interest; rental income; corporate profits; and proprietors’ income. Adding these income components do ...
Document
... The CPI is a weighted average of prices. The weight on each price reflects that good’s relative importance in the CPI’s basket. Note that the weights remain fixed over time. ...
... The CPI is a weighted average of prices. The weight on each price reflects that good’s relative importance in the CPI’s basket. Note that the weights remain fixed over time. ...
NBER WORKING PAPER SERIES LOCAL DEFICITS AND LOCAL JOBS:
... Using a sample of the 48 mainland U.S. states for the period 1973-2009, we study the ability of U.S. states to expand own state employment through the use of state deficit policies. The analysis allows for the facts that U.S. states are part of a wider monetary and economic union with free factor mo ...
... Using a sample of the 48 mainland U.S. states for the period 1973-2009, we study the ability of U.S. states to expand own state employment through the use of state deficit policies. The analysis allows for the facts that U.S. states are part of a wider monetary and economic union with free factor mo ...
regional inequalities in greece: determining factors, trends and
... dealing with endogeneity problems that might arise with the error terms of the system of equations in (2), but also answering the question of whether variables like F, ST and U have an immediate or lagged effect upon regional disparities. For example, investment in financial intermediation and human ...
... dealing with endogeneity problems that might arise with the error terms of the system of equations in (2), but also answering the question of whether variables like F, ST and U have an immediate or lagged effect upon regional disparities. For example, investment in financial intermediation and human ...
Presidents and the U.S. Economy: An Econometric Exploration
... 256 quarters in these 16 terms, Republicans occupied the White House for 144 quarters, Democrats for 112. But of the 49 quarters classified by the NBER as in recession, only eight came under Democrats versus 41 under Republicans.5 Thus, the U.S. economy was in recession for 1.1 quarters on average d ...
... 256 quarters in these 16 terms, Republicans occupied the White House for 144 quarters, Democrats for 112. But of the 49 quarters classified by the NBER as in recession, only eight came under Democrats versus 41 under Republicans.5 Thus, the U.S. economy was in recession for 1.1 quarters on average d ...
Lagging areas
... – natural, human and infrastructure endowments – Perceptions of entrepreneurs on local bottlenecks ...
... – natural, human and infrastructure endowments – Perceptions of entrepreneurs on local bottlenecks ...
Rapid-Growth Markets
... barriers and market distortions in pursuit of larger markets, lower prices and entrepreneurial opportunity. At the same time, they are putting in place the infrastructure to help goods cross borders and reach, or arrive from, far-flung continents. Those that most successfully nurture the development ...
... barriers and market distortions in pursuit of larger markets, lower prices and entrepreneurial opportunity. At the same time, they are putting in place the infrastructure to help goods cross borders and reach, or arrive from, far-flung continents. Those that most successfully nurture the development ...
Chapter 6
... decreases the real value of money and raises the interest rate. Faced with a higher interest rate, people try to borrow and spend less so the quantity of real GDP demanded decreases. Similarly, a fall in the price level increases the real value of money and lowers the interest rate. Faced with a low ...
... decreases the real value of money and raises the interest rate. Faced with a higher interest rate, people try to borrow and spend less so the quantity of real GDP demanded decreases. Similarly, a fall in the price level increases the real value of money and lowers the interest rate. Faced with a low ...
Exam Name___________________________________ 1
... 10) In national-income accounting, the value of intermediate products A) is counted as factor income in the calculation of GDP from the income side. B) must equal the value added by the firm. C) should be added to the value of other inputs in determining a firmʹs contribution to GDP. D) should alway ...
... 10) In national-income accounting, the value of intermediate products A) is counted as factor income in the calculation of GDP from the income side. B) must equal the value added by the firm. C) should be added to the value of other inputs in determining a firmʹs contribution to GDP. D) should alway ...
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.