Bartlett , Will Prica , Ivana. 'Interdependence between Core and Peripheries of the European Economy: Secular Stagnation and Growth in the Western Balkans' LEQS Paper No. 104, February 2016
... not necessarily pay back their debts, and that more importantly, there was no guarantee that the Core countries would bail out their debts within the single currency system (Pisani-Ferry, 2014). Panic ensued. The value of the government bonds in the Periphery countries fell, and yields rose to unsus ...
... not necessarily pay back their debts, and that more importantly, there was no guarantee that the Core countries would bail out their debts within the single currency system (Pisani-Ferry, 2014). Panic ensued. The value of the government bonds in the Periphery countries fell, and yields rose to unsus ...
NBER WORKING PAPER SERIES ADDRESSING THE NATURAL RESOURCE CURSE: Xavier Sala-i-Martin
... terms, Nigeria’s per capita GDP was US$1,113 in 1970 and is estimated to have remained at US$1,084 in 2000. The latter figure places Nigeria amongst the 15 poorest nations in the world for which such data are available. Nigeria, unfortunately, fares much worse on measures of poverty and income distr ...
... terms, Nigeria’s per capita GDP was US$1,113 in 1970 and is estimated to have remained at US$1,084 in 2000. The latter figure places Nigeria amongst the 15 poorest nations in the world for which such data are available. Nigeria, unfortunately, fares much worse on measures of poverty and income distr ...
Ontario briefing: housing sales, exports
... that Ontario’s manufacturing sector is beginning to rev up in response to stronger demand from south of the border and its increased competitiveness due to the weaker Canadian dollar. At this point in the economic cycle, it is primarily external demand that is driving growth. Growth in real househol ...
... that Ontario’s manufacturing sector is beginning to rev up in response to stronger demand from south of the border and its increased competitiveness due to the weaker Canadian dollar. At this point in the economic cycle, it is primarily external demand that is driving growth. Growth in real househol ...
click - Yale Economics
... In answering this question, I turn to long-term data on productivity growth for the United States. The most appropriate data for such comparisons are data on productivity per hour in the non-farm sector, which are available back to 1889. There are some serious concerns about the historical comparabi ...
... In answering this question, I turn to long-term data on productivity growth for the United States. The most appropriate data for such comparisons are data on productivity per hour in the non-farm sector, which are available back to 1889. There are some serious concerns about the historical comparabi ...
The Deep Causes of Secular Stagnation and the Rise of
... over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, ...
... over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, ...
Looking Beyond The Greek Crisis and Lessons for Europe Yannis M. Ioannides
... 175% of GDP. The slippage reflects mostly the collapse of growth with only one-sixth of the rise due to worse-than-expected fiscal deficits. Public debt at around 175% in 2013 is way above that in the other programme countries and likely to remain a drag on growth (Elmeskov and Sutherland, 2012; Ége ...
... 175% of GDP. The slippage reflects mostly the collapse of growth with only one-sixth of the rise due to worse-than-expected fiscal deficits. Public debt at around 175% in 2013 is way above that in the other programme countries and likely to remain a drag on growth (Elmeskov and Sutherland, 2012; Ége ...
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... In setting the deadlines for eliminating excessive deficits, the Council and the Commission have at times been even more flexible than the flexibilised ...
... In setting the deadlines for eliminating excessive deficits, the Council and the Commission have at times been even more flexible than the flexibilised ...
Document
... policies in different colonies, with different associated institutions. In places where Europeans faced high mortality rates, they could not settle and were more likely to set up extractive institutions. These institutions persisted to the present. Exploiting differences in European mortality ra ...
... policies in different colonies, with different associated institutions. In places where Europeans faced high mortality rates, they could not settle and were more likely to set up extractive institutions. These institutions persisted to the present. Exploiting differences in European mortality ra ...
gi-bourguignon 221432 en
... This decomposition, already discussed in some detail by Datt and Ravallion (1992) and Kakwani (1993) is illustrated in figure 1. This figure shows the density of the distribution of income, that is the number of individuals at each level of income represented on a logarithmic scale on the horizontal ...
... This decomposition, already discussed in some detail by Datt and Ravallion (1992) and Kakwani (1993) is illustrated in figure 1. This figure shows the density of the distribution of income, that is the number of individuals at each level of income represented on a logarithmic scale on the horizontal ...
International Political Economy: How Does Freedom Correlate with
... An example is free trade (Jevons, pg. 4). Political Economy as defined in the Theory of Political Economy. The original term was used for studying production, buying, and labor, and their relations with law, custom, and government, as well as with the distribution of national income and wealth (Jevo ...
... An example is free trade (Jevons, pg. 4). Political Economy as defined in the Theory of Political Economy. The original term was used for studying production, buying, and labor, and their relations with law, custom, and government, as well as with the distribution of national income and wealth (Jevo ...
The Unintended Consequences of the War on Poverty
... constituted 13.02 percent of personal income, while public aid spending stood at 5.26 percent of personal income. In 2000, those numbers were lower at 12.36 and 4.95 percent, respectively. Over that same period, federal spending fell from 20.3 to 18.4 percent of GDP, the average real GDP growth rate ...
... constituted 13.02 percent of personal income, while public aid spending stood at 5.26 percent of personal income. In 2000, those numbers were lower at 12.36 and 4.95 percent, respectively. Over that same period, federal spending fell from 20.3 to 18.4 percent of GDP, the average real GDP growth rate ...
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 www.iosrjournals.org
... continued till today, although since then due to inflation, prices for all segments have gone up substantially. As such time has come to revise the investment threshold, keeping in mind the inflation trend. It is necessary to invest in plant and machinery/equipment to improve productivity, quality a ...
... continued till today, although since then due to inflation, prices for all segments have gone up substantially. As such time has come to revise the investment threshold, keeping in mind the inflation trend. It is necessary to invest in plant and machinery/equipment to improve productivity, quality a ...
People oriented, with concern for people`s well
... years being educated 2.Average expected life of the population 3.Per capital disposable income ...
... years being educated 2.Average expected life of the population 3.Per capital disposable income ...
SOURCES OF ERROR IN STATE REVENUE FORECASTS OR
... reduction in projected shortfalls. But it is unlikely that substantial shortfalls could have been avoided. Revenue forecasting models used in most states are quite sophisticated and much of the error in forecast comes from institutional factors outside the control of the forecaster and unrelated to ...
... reduction in projected shortfalls. But it is unlikely that substantial shortfalls could have been avoided. Revenue forecasting models used in most states are quite sophisticated and much of the error in forecast comes from institutional factors outside the control of the forecaster and unrelated to ...
second year m...s Chao Li - Lund University Publications
... more clear effect on the economic performance and the effect will emerge soon after new products entering market; on the other hand, the process innovation may have ambiguous effect on economy which would be observed in a long term since it does not directly provide new products but focus on improvi ...
... more clear effect on the economic performance and the effect will emerge soon after new products entering market; on the other hand, the process innovation may have ambiguous effect on economy which would be observed in a long term since it does not directly provide new products but focus on improvi ...
Slide 1
... • When productivity grows rapidly, so do living standards. • What, then, determines productivity and its growth rate? • Human capital (H): the knowledge and skills workers acquire through education, training, and experience • Productivity is higher when the average worker has more human capital (edu ...
... • When productivity grows rapidly, so do living standards. • What, then, determines productivity and its growth rate? • Human capital (H): the knowledge and skills workers acquire through education, training, and experience • Productivity is higher when the average worker has more human capital (edu ...
Intro to Macro and GDP - Kenston Local Schools
... spending on final goods and services produced in a given year. 2. Income Approach -Add up all the income that resulted from selling all final goods and services produced in a given year. Adding up how much was spent on goods and services and how much income was earned should generate the same number ...
... spending on final goods and services produced in a given year. 2. Income Approach -Add up all the income that resulted from selling all final goods and services produced in a given year. Adding up how much was spent on goods and services and how much income was earned should generate the same number ...
ch 6- ch9 review
... 2. The unemployment rate is the number of people officially unemployed divided by a country’s population aged 16 or over. F 3. Unemployment means a loss of potential output. T 4. An increase in labor input does not necessarily increase output per capita. T 5. Frictional unemployment results from per ...
... 2. The unemployment rate is the number of people officially unemployed divided by a country’s population aged 16 or over. F 3. Unemployment means a loss of potential output. T 4. An increase in labor input does not necessarily increase output per capita. T 5. Frictional unemployment results from per ...
Structural Change, Growth and Volatility!
... This paper puts forth the idea that the composition of GDP represents an important channel in shaping both GDP growth and volatility. Cross-country evidence suggests that: i) percapita GDP of high income economies grows slower than that of middle income economies; ii) high income economies display l ...
... This paper puts forth the idea that the composition of GDP represents an important channel in shaping both GDP growth and volatility. Cross-country evidence suggests that: i) percapita GDP of high income economies grows slower than that of middle income economies; ii) high income economies display l ...
PDF
... that are in essence the correlations of the original variables with the extracted factors. Out of the selected 11 variables, three extracted factors with eigenvalue higher than one are usually used as independent variables for further analysis. These factors are denoted as market openness factor, No ...
... that are in essence the correlations of the original variables with the extracted factors. Out of the selected 11 variables, three extracted factors with eigenvalue higher than one are usually used as independent variables for further analysis. These factors are denoted as market openness factor, No ...
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.