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Real GDP
Real GDP

... def2: spending on goods bought for future use. Includes:  business fixed investment spending on plant and equipment that firms will use to produce other goods & services  residential fixed investment spending on housing units by consumers and landlords  inventory investment the change in the valu ...
NBER WORKING PAPER SERIES DOLLARIZATION, INFLATION AND GROWTH Sebastian Edwards I. Igal Magendzo
NBER WORKING PAPER SERIES DOLLARIZATION, INFLATION AND GROWTH Sebastian Edwards I. Igal Magendzo

... Dollarization Experiences During 1970-1998 ...
Universidade Federal de Viçosa Departamento de Economia Rural
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... discontinuities in the growth potential of several sectors. Also according to this author, in agriculture, the significant dependence on random internal and external factors, such as equipment availability, weather, input and output prices, makes this sector more vulnerable to the transportation ser ...
CHAPTER 5 Questions Questions Before the Industrial Revolution
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Jan Luiten van Zanden - International Institute of Social History
Jan Luiten van Zanden - International Institute of Social History

The Geography of Development
The Geography of Development

... and other mobility costs. National borders restrain mobility well beyond the existing frictions within countries, but frictions within countries are also potentially large. Third, the distinct levels of labor productivity of locations, which reflect their institutions, infrastructure, education syst ...
Gains from reduced delays 7Aug14
Gains from reduced delays 7Aug14

... approvals-­‐related   delays   are   developed   in   this   study.   The   first   scenario   assumes   the   average   approval  timeline  for  a  new  mining  project  in  Australia  is  reduced  by  one  year  while  the  second   scena ...
Asian Transport Studies - Dynamic Global Soft Inc
Asian Transport Studies - Dynamic Global Soft Inc

... Besides, the economic development of an area will also be reflected in infrastructure performance. In turn, good infrastructure will support economic activity in the region. More specifically, the increase in transportation infrastructure will affect economic sectors, with the assumption that this i ...
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A question of causality between political corruption, economic
A question of causality between political corruption, economic

... A question of causality between political corruption, economic freedom and economic growthin Europe country is perceived as very clean. A country's rank indicates its position relative to the other countries/territories included in the index. The Control of Corruption index is an aggregation of var ...
$doc.title

... and coefficients of variation for the volumes of flows relative to GDP.1 While Table 1 contains data for the complete period, Tables 2 through 4 present data for each category of capital flows – debt, FDI, equities and total flows – for three different subperiods: The first period is 1975-82, and co ...
Missing Growth from Creative Destruction
Missing Growth from Creative Destruction

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... Occasional Papers, September 2007 ...
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... through two world wars provided adequate export revenue for what was still primarily an agrarian economy, especially that part of the island that became the Republic of Ireland, which is the subject of this paper. Economic historians characterize the third quarter of the twentieth century as the “Go ...
polk progress - Florida Southern College
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... opened its new $40 million distribution center west of Lakeland in January. The 388,000 square-foot facility on County Line Road commenced operations with 160 employees. There are plans to eventually expand the local workforce to 400 employees who will serve the 90 O’Reilly stores located throughout ...
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... reduces the volatility of production. Besides that, there is debate over the impact of money on real variables momentum asymmetry deals with monetary issues that are fundamental to this question are the positive and negative money supply shocks similar effects on the (absolute terms) on economic act ...
The effects of inequality on growth: a survey of the
The effects of inequality on growth: a survey of the

... contributes to strengthen this effect. In this case, the access to credit is restricted from the point of view of the number of projects which are really undertaken: only the individuals with enough personal wealth are able to finance their project, either on their personal wealth or through borrowi ...
43rd ECONOMICS CONFERENCE 2015
43rd ECONOMICS CONFERENCE 2015

The U.S. economy to 2010
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... during these periods supplied the resources necessary to support the expansion in consumption. As consumers got into the spending habit, however, increases in personal consumption were more often made at the expense of the savings rate, which dropped from a high of 10.2 percent in 1980 to 7.8 percen ...
EU Enlargement: Challenges of Integrating Accession Countries
EU Enlargement: Challenges of Integrating Accession Countries

... and the Euro area. On average, GDP per capita, in terms of purchasing power parity, in the accession countries is around 44 percent of that of the Euro area, while in terms of current exchange rates the GDP per capita is around 22 percent (Trichet, 2002). The size of the gap, combined with a rather ...
Chapter 7 Gross Domestic Product and Measurements of Output
Chapter 7 Gross Domestic Product and Measurements of Output

... (a) GDP Chain Price Index/Deflator = (Nominal GDP/ Real GDP) * 100 (b) Example: If we knew that prices rose by 6.5% from the base year what would the real GDP be in this example given nominal GDP = 12.7 Trillion? GDP Chain Price Index/Deflator = (Nominal GDP/ Real GDP)  1.065 = 12.7 / X  X = 12.7 ...
Lecture Note on Classical Macroeconomic Theory
Lecture Note on Classical Macroeconomic Theory

ppt presentation
ppt presentation

... and find that increases in the US government budget deficits actually improve the US current account balance (result opposite to the standard theoretical prediction). Data are quarterly from 1973-2004:1. The empirical results (IRF) suggest that government deficit shocks improve the current account. ...
Introduction Portugal has been under the excessive deficit
Introduction Portugal has been under the excessive deficit

... unforeseen adverse economic circumstances, the Council adopted revised recommendations to correct the excessive deficit in two occassions after 2009; first in 2012 and then in 2013. Specifically, on 21 June 2013, following a recommendation from the Commission, the Council adopted a revised recommend ...
CESifo Working Paper 3238
CESifo Working Paper 3238

... growth among rich countries, we show that neither set of institutions helps us understand differences in long-run growth rates within the group of OECD countries. In part, this analysis also enters into the debates about the relative importance of institutions and human capital as stressed by Glaese ...
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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.
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