$doc.title
... Bartolini et al. (2014, pp.1030-1031) argue that “powerful industries (advertising, media culture, etc.) present in contemporary market economies have successfully pushed people into substituting short-term materialistic wants, which can be satisfied on the marketplace, for long-term happiness, whic ...
... Bartolini et al. (2014, pp.1030-1031) argue that “powerful industries (advertising, media culture, etc.) present in contemporary market economies have successfully pushed people into substituting short-term materialistic wants, which can be satisfied on the marketplace, for long-term happiness, whic ...
Principles of Macro - Fall 2008
... c. The level of real GDP per person is a good gauge of economic prosperity, and the growth rate of real GDP per person is a good gauge of economic progress. d. Productivity may be measured by the growth rate of real GDP per person. 2. The average amount of goods and services produced from each hour ...
... c. The level of real GDP per person is a good gauge of economic prosperity, and the growth rate of real GDP per person is a good gauge of economic progress. d. Productivity may be measured by the growth rate of real GDP per person. 2. The average amount of goods and services produced from each hour ...
Rishabh Kumar Thrift, stagnation and wealth distribution in a United States
... Stiglitz (1969) and Michl and Foley (2004). However, the identity in (6) is distinguished by the fact that capacity utilization is not fixed in the long run and is neither a technical specification, thereby excluding the possibility of forced saving. Full utilization of available labor is therefore ...
... Stiglitz (1969) and Michl and Foley (2004). However, the identity in (6) is distinguished by the fact that capacity utilization is not fixed in the long run and is neither a technical specification, thereby excluding the possibility of forced saving. Full utilization of available labor is therefore ...
View/Open
... would be unfeasible at the high interest rates fixed for the entire economy, which is the case of agriculture. Thus, the government implements a subsidy policy for the agricultural sector through a program of rural credit with interest rates below that prevailing in the market. Targeted subsidies f ...
... would be unfeasible at the high interest rates fixed for the entire economy, which is the case of agriculture. Thus, the government implements a subsidy policy for the agricultural sector through a program of rural credit with interest rates below that prevailing in the market. Targeted subsidies f ...
Economic change in twentieth-century Turkey: is the glass more
... 1920s. The primarily rural and agricultural economy of the early twentieth century has transformed into a mostly urban economy. Average or per capita incomes have increased more than fivefold during this period. Other indicators of standards of living have also improved significantly. Life expectanc ...
... 1920s. The primarily rural and agricultural economy of the early twentieth century has transformed into a mostly urban economy. Average or per capita incomes have increased more than fivefold during this period. Other indicators of standards of living have also improved significantly. Life expectanc ...
A-level Economics Mark scheme Unit 02 - The National
... increase in unemployment, then a maximum of 10 marks in total can be awarded. If, anywhere in their answer, the candidate indicates that low growth means a fall in AD or a fall in output, this constraint must be applied. For example, the constraint will apply if ...
... increase in unemployment, then a maximum of 10 marks in total can be awarded. If, anywhere in their answer, the candidate indicates that low growth means a fall in AD or a fall in output, this constraint must be applied. For example, the constraint will apply if ...
The Industrialization and Economic Development of Russia through
... specifications. We also re-calculate wedges and their components and quantify their effect for a number of alternative parameterizations of our model and show that alternative estimates of the key variables of our analysis are broadly supportive of our conclusions. Related literature. Our wedge acco ...
... specifications. We also re-calculate wedges and their components and quantify their effect for a number of alternative parameterizations of our model and show that alternative estimates of the key variables of our analysis are broadly supportive of our conclusions. Related literature. Our wedge acco ...
NBER WORKING PAPER SERIES ECONOMIC DEVELOPMENT IN THE PERIPHERY, 1870-1939:
... of GDP per capita of from 0.50 to 0.75 percent per annum, a decline robust to changes in the time period, volatility measure, and nations on the margin assigned to the Periphery category. We also investigate one prime channel through which volatility could have impacted growth— investment. Eichengr ...
... of GDP per capita of from 0.50 to 0.75 percent per annum, a decline robust to changes in the time period, volatility measure, and nations on the margin assigned to the Periphery category. We also investigate one prime channel through which volatility could have impacted growth— investment. Eichengr ...
Chapter 20
... Real GDP is not a perfect measure of economic welfare for seven reasons: 3. Real GDP, as measured, omits the underground economy, which is illegal economic activity or legal economic activity that goes unreported for tax avoidance reasons. 4. Health and life expectancy are not directly included in r ...
... Real GDP is not a perfect measure of economic welfare for seven reasons: 3. Real GDP, as measured, omits the underground economy, which is illegal economic activity or legal economic activity that goes unreported for tax avoidance reasons. 4. Health and life expectancy are not directly included in r ...
2. I E D nternational
... Data for the third quarter of 2013 show that the recovery in the global economy continued in the third quarter. This recovery was mostly driven by the favorable growth of advanced economies, while economic activity in emerging economies increased as well, albeit modestly. Data for the final quarter ...
... Data for the third quarter of 2013 show that the recovery in the global economy continued in the third quarter. This recovery was mostly driven by the favorable growth of advanced economies, while economic activity in emerging economies increased as well, albeit modestly. Data for the final quarter ...
Achieving Structural Change in Barbados
... against the upgrade the nation required for further advance – to achieve continuous structural change in Lin’s formulation or as Stglitz would put it, to become a learning society. Two factors seem to have been at work. In the first place, there is little scope for the use of modern technology in th ...
... against the upgrade the nation required for further advance – to achieve continuous structural change in Lin’s formulation or as Stglitz would put it, to become a learning society. Two factors seem to have been at work. In the first place, there is little scope for the use of modern technology in th ...
The Economics of Deforestation and Economic Growth in the Brazilian Amazon
... the most beneficial use for a given plot of land. Although theoretically sound, in practice the task of creating well-functioning markets for forest services and monitoring their maintenance over time is daunting. It will require extraordinary international cooperation to set up the necessary instit ...
... the most beneficial use for a given plot of land. Although theoretically sound, in practice the task of creating well-functioning markets for forest services and monitoring their maintenance over time is daunting. It will require extraordinary international cooperation to set up the necessary instit ...
original article in English
... We have observed sub-potential growth and above-target inflation in Chile since early 2014. This has raised concerns that we might be entering a process of stagflation. Within this context, our goal in the following sections is to determine the degree to which the likelihood of a stagflation scenari ...
... We have observed sub-potential growth and above-target inflation in Chile since early 2014. This has raised concerns that we might be entering a process of stagflation. Within this context, our goal in the following sections is to determine the degree to which the likelihood of a stagflation scenari ...
Has Trade Liberalisation in Poor Countries
... The last decades have witnessed tremendous pressure on poor developing countries to liberalise their trade. The free trade mantra preached by developed countries and major international development organisations has become like a religion, holding out the promise that if poor countries adopt the fai ...
... The last decades have witnessed tremendous pressure on poor developing countries to liberalise their trade. The free trade mantra preached by developed countries and major international development organisations has become like a religion, holding out the promise that if poor countries adopt the fai ...
Nowcasting China Real GDP
... In this paper we undertake the task of nowcasting real GDP for mainland China. Nowcasting is defined as the prediction of the present, the very near future and the very recent past and is therefore particularly relevant for those variables that - like GDP - albeit being critical in evaluating curren ...
... In this paper we undertake the task of nowcasting real GDP for mainland China. Nowcasting is defined as the prediction of the present, the very near future and the very recent past and is therefore particularly relevant for those variables that - like GDP - albeit being critical in evaluating curren ...
The Causal Relationship between Renewable and Non
... Nigeria is the largest oil producer in the continent and also among the world’s top five exporters of liquefied natural gas (LNG) (EIA, 2013). However, despite the large volumes of oil produced, the country’s political instability and supply disruption have to a large extent hampered the production ...
... Nigeria is the largest oil producer in the continent and also among the world’s top five exporters of liquefied natural gas (LNG) (EIA, 2013). However, despite the large volumes of oil produced, the country’s political instability and supply disruption have to a large extent hampered the production ...
`Decoupled` from Traffic Growth?
... Policies aimed at inducing business to move from high to low growth areas can have positive effects for both areas. There is a lack of consensus on whether building transport infrastructure into low growth areas would be significantly helpful. Evidence that large-scale transport infrastructure polic ...
... Policies aimed at inducing business to move from high to low growth areas can have positive effects for both areas. There is a lack of consensus on whether building transport infrastructure into low growth areas would be significantly helpful. Evidence that large-scale transport infrastructure polic ...
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.