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. ...
... 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. ...
Lecture 2-3: Measuring Macroeconomic
... Definition: Gross Domestic Product (GDP) is the market value of all _____ goods and services produced within a country in its own currency and in a given period of time. ...
... Definition: Gross Domestic Product (GDP) is the market value of all _____ goods and services produced within a country in its own currency and in a given period of time. ...
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... some goods can be volatile. Therefore policy makers often look at the trend of core inflation, which excludes energy and food prices. Alternative measures of inflation, such as the GDPdeflator, the consumer price index (CPI), the personal consumption expenditure deflator (PCE), and the producer pric ...
... some goods can be volatile. Therefore policy makers often look at the trend of core inflation, which excludes energy and food prices. Alternative measures of inflation, such as the GDPdeflator, the consumer price index (CPI), the personal consumption expenditure deflator (PCE), and the producer pric ...
Risks and Scenarios - Budget Economic and Fiscal Update 2014
... relative to forecast would decrease tradables inflation, as imported goods would become less expensive, and encourage the consumption of imported products. On the other hand, exporters and import-competing businesses would become less competitive, hindering manufacturing and service exports and prod ...
... relative to forecast would decrease tradables inflation, as imported goods would become less expensive, and encourage the consumption of imported products. On the other hand, exporters and import-competing businesses would become less competitive, hindering manufacturing and service exports and prod ...
Impact of Energy Crisis on Economic Growth of Pakistan
... gas-fired sources and 0.1% accounted from coal-fired plants (see Figure 1: Source: EAW 2013). Due to limited oil reserves and political system, Pakistan is importing large quantity of petroleum products from Middle East especially Saudi Arabia. The production, economic, industrial and trade activiti ...
... gas-fired sources and 0.1% accounted from coal-fired plants (see Figure 1: Source: EAW 2013). Due to limited oil reserves and political system, Pakistan is importing large quantity of petroleum products from Middle East especially Saudi Arabia. The production, economic, industrial and trade activiti ...
The Natural Resource Curse and Fiscal Decentralization
... and grants from the central government. In the former case, decentralization directly provides the regions some …scal ownership over its resources; examples include Argentina, Canada, the United Arab Emirates and the United States, where subnational ownership over resources is constitutionally entre ...
... and grants from the central government. In the former case, decentralization directly provides the regions some …scal ownership over its resources; examples include Argentina, Canada, the United Arab Emirates and the United States, where subnational ownership over resources is constitutionally entre ...
HUMAN CAPITAL IN MEXICO - University of Mississippi
... parenting, lower crime, a better environment, wider political and community participation, and greater social cohesion, which all positively affect economic growth (Sianesi 2003). Although most economists agree that social returns exceed private returns, it is unclear whether they do in reality. For ...
... parenting, lower crime, a better environment, wider political and community participation, and greater social cohesion, which all positively affect economic growth (Sianesi 2003). Although most economists agree that social returns exceed private returns, it is unclear whether they do in reality. For ...
China's Growth Model: Problems and Alternatives
... the need to squeeze additional saving by depressing another component of demand, because increased investment can raise the growth rate of output and income which generates the necessary additional saving. Furthermore, faster demand growth tends to promote faster productivity growth, as factors of p ...
... the need to squeeze additional saving by depressing another component of demand, because increased investment can raise the growth rate of output and income which generates the necessary additional saving. Furthermore, faster demand growth tends to promote faster productivity growth, as factors of p ...
Chapter I Economics and the Economy
... The GDP deflator index differs from the consumer price index (CPI). The CPI is based on “representative baskets” of goods & services that consumers buy, while GDP deflator covers all the goods & services included in GDP. GDP deflator deflates the dollar value of current output to what it wou ...
... The GDP deflator index differs from the consumer price index (CPI). The CPI is based on “representative baskets” of goods & services that consumers buy, while GDP deflator covers all the goods & services included in GDP. GDP deflator deflates the dollar value of current output to what it wou ...
Document
... • From an empirical point of view, the association of higher growth rates to a change of income distribution in favour of profits is not particularly robust. If anything, real wages would tend to rise during periods of faster accumulation and higher labour demand as a consequence of the greater work ...
... • From an empirical point of view, the association of higher growth rates to a change of income distribution in favour of profits is not particularly robust. If anything, real wages would tend to rise during periods of faster accumulation and higher labour demand as a consequence of the greater work ...
Delivery agreement for outcome 4: Decent employment through
... Implementation of the strategy and monitoring of the impact in terms of changes in the savings rate and other, possibly unanticipated, costs and benefits. Implementation will include extensive consultation with stakeholders where relevant. ...
... Implementation of the strategy and monitoring of the impact in terms of changes in the savings rate and other, possibly unanticipated, costs and benefits. Implementation will include extensive consultation with stakeholders where relevant. ...
Turkish Middle Income Trap and Less Skilled Human Capital September 2014
... rich world. As they mature, their comparative advantage in labor intensive commodities disappears as surplus labor declines and real wages increase. But since they aren’t equipped with capabilities to produce knowledge and innovation intensive commodities to compete with high skilled manufacturers i ...
... rich world. As they mature, their comparative advantage in labor intensive commodities disappears as surplus labor declines and real wages increase. But since they aren’t equipped with capabilities to produce knowledge and innovation intensive commodities to compete with high skilled manufacturers i ...
NBER WORKING PAPER SERIES Eric A. Hanushek Ludger Woessmann
... 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 ...
... 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 ...
Real GDP Growth – US - Economics & Country Risk
... Japan’s Economy Has Limited Growth Potential Japan’s long-term real GDP growth trend is only 1.8%; the country’s population will peak in 2007 (Percent change, real GDP) ...
... Japan’s Economy Has Limited Growth Potential Japan’s long-term real GDP growth trend is only 1.8%; the country’s population will peak in 2007 (Percent change, real GDP) ...
pg07 Daveri 5064423 en
... Manufacturing productivity growth first declined to one per cent per year in 1995-2000 and then turned negative by one percentage point in 2000-2003, with the data for the more recent years (2004 and 2005) confirming such negative trends. This is startling for such a declining path manifested itsel ...
... Manufacturing productivity growth first declined to one per cent per year in 1995-2000 and then turned negative by one percentage point in 2000-2003, with the data for the more recent years (2004 and 2005) confirming such negative trends. This is startling for such a declining path manifested itsel ...
Homework practice
... The value of exports of goods and services minus the value of imports of goods and services is ______. A. called net imports B. always a negative value in the U.S. economy C. called net exports D. always a positive value in the U.S. economy 13. During a year, a firm's depreciation is $800 and gro ...
... The value of exports of goods and services minus the value of imports of goods and services is ______. A. called net imports B. always a negative value in the U.S. economy C. called net exports D. always a positive value in the U.S. economy 13. During a year, a firm's depreciation is $800 and gro ...
Debt-Creating Capital Flows and their Macroeconomic Implications
... bn USD or 78.4% of GDP; and bore witness to a high degree of openness of the national economy to international capital flows. According to World Bank data on emerging markets and developing economies, in 2011 Ukraine entered into the group of the ‘top ten borrowers’ on international capital markets. ...
... bn USD or 78.4% of GDP; and bore witness to a high degree of openness of the national economy to international capital flows. According to World Bank data on emerging markets and developing economies, in 2011 Ukraine entered into the group of the ‘top ten borrowers’ on international capital markets. ...
Modeling of sustainability of pension system – case of
... The block of demographic assumptions consists of demographic forecast of Slovakia till the year 2005. It presents versions of the official demographic forecasts developed by Demographic Research Centre Vaňo et all (2005), with respect to it’s actualization Bleha, Vaňo (2007). The demographic foreca ...
... The block of demographic assumptions consists of demographic forecast of Slovakia till the year 2005. It presents versions of the official demographic forecasts developed by Demographic Research Centre Vaňo et all (2005), with respect to it’s actualization Bleha, Vaňo (2007). The demographic foreca ...
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.