VOLUME 1, ISSUE 1, March 2016 - Oradea Journal of Business and
... United States have experienced a significant convergence in the 1970s and 1980s, their ratio has remained roughly constant at 75% since the mid-1990s… The United States is not an exception among OECD countries: they rank more or less average, with Northern European countries traditionally showing th ...
... United States have experienced a significant convergence in the 1970s and 1980s, their ratio has remained roughly constant at 75% since the mid-1990s… The United States is not an exception among OECD countries: they rank more or less average, with Northern European countries traditionally showing th ...
English - Publications - Inter
... Like any other good, the price of oil is determined by the interaction of supply and demand. However, because energy is so central and because fossil fuels are still the main source of it, there are important characteristics of the market that can lead to unforeseeable price behavior. Until recently ...
... Like any other good, the price of oil is determined by the interaction of supply and demand. However, because energy is so central and because fossil fuels are still the main source of it, there are important characteristics of the market that can lead to unforeseeable price behavior. Until recently ...
Chapter 10 - Measuring a Nation's Income
... • Inflation rate – Percentage change in some measure of the price level from one period to the next GDP deflator in year 2 - GDP deflator in year 1 Inflation in year 2 ...
... • Inflation rate – Percentage change in some measure of the price level from one period to the next GDP deflator in year 2 - GDP deflator in year 1 Inflation in year 2 ...
GDP and stuff
... • Inflation rate – Percentage change in some measure of the price level from one period to the next GDP deflator in year 2 - GDP deflator in year 1 Inflation in year 2 ...
... • Inflation rate – Percentage change in some measure of the price level from one period to the next GDP deflator in year 2 - GDP deflator in year 1 Inflation in year 2 ...
Long-Run and Short-Run Concerns: Growth, Productivity
... • Other popular price indexes are producer price indexes (PPIs), which measure price changes for products at all stages in the production process. • The three main categories are: • finished goods, • intermediate materials, and • crude materials. ...
... • Other popular price indexes are producer price indexes (PPIs), which measure price changes for products at all stages in the production process. • The three main categories are: • finished goods, • intermediate materials, and • crude materials. ...
Regional profile of West Africa 2014 and prospects 2015
... 12. In 2014, economic growth within the ECOWAS region is expected to follow its positive trend to stand at 6.3% against 5.6% in 2013 (ECOWAS, 2015).The renewed dynamism in regional activity is on account of the good performance recorded in most countries, with growth rates above 6% for some count ...
... 12. In 2014, economic growth within the ECOWAS region is expected to follow its positive trend to stand at 6.3% against 5.6% in 2013 (ECOWAS, 2015).The renewed dynamism in regional activity is on account of the good performance recorded in most countries, with growth rates above 6% for some count ...
Miller2008-ProductionFunctions.pdf
... fit across many data sets. Unfortunately, the Cobb-Douglas still fits the data well in cases where some of its fundamental assumptions are violated. This suggests that many empirical tests of the Cobb-Douglas are picking up a statistical artifact rather than an underlying production function. The CE ...
... fit across many data sets. Unfortunately, the Cobb-Douglas still fits the data well in cases where some of its fundamental assumptions are violated. This suggests that many empirical tests of the Cobb-Douglas are picking up a statistical artifact rather than an underlying production function. The CE ...
History, Expectations and Development
... country. Compare two industrialisation paths: Huge shoe factory, employing all workers => not sustainable: all income needed to be spent on shoes. Divide resources into shoe, cloth and food factories => is sustainable ...
... country. Compare two industrialisation paths: Huge shoe factory, employing all workers => not sustainable: all income needed to be spent on shoes. Divide resources into shoe, cloth and food factories => is sustainable ...
Greek real GDP NOWcasting
... -2.6% YoY and -11.4% YoY in the 1 semester of this year. Over the same period, gross capital formation increased by 12.1% YoY (2.0% in gross fixed capital formation terms), while imports decreased by 9.6%. On a quarterly basis, the performance of the domestic economy in terms of YoY real GDP growth ...
... -2.6% YoY and -11.4% YoY in the 1 semester of this year. Over the same period, gross capital formation increased by 12.1% YoY (2.0% in gross fixed capital formation terms), while imports decreased by 9.6%. On a quarterly basis, the performance of the domestic economy in terms of YoY real GDP growth ...
National income accounting:
... worker (C/L), production per worker (Y/L), the real wage (W/P), and the real return on capital (r =MPK- ). Also calculate long-run equilibrium of GDP (Y). 7b. What is the effect on the long-run equilibrium values of K/L, Y/L, W/P, and the real return on capital (r) if n increases? No need to calcu ...
... worker (C/L), production per worker (Y/L), the real wage (W/P), and the real return on capital (r =MPK- ). Also calculate long-run equilibrium of GDP (Y). 7b. What is the effect on the long-run equilibrium values of K/L, Y/L, W/P, and the real return on capital (r) if n increases? No need to calcu ...
Revisiting Latin America`s debt crisis: some lessons for
... institutional losses. Further, we contend that Latin America’s experience may also be a source of lessons for some euro countries currently undergoing financial distress and facing a set of austerity policy responses akin to those popular in Latin America at the onset of the debt crash. As is genera ...
... institutional losses. Further, we contend that Latin America’s experience may also be a source of lessons for some euro countries currently undergoing financial distress and facing a set of austerity policy responses akin to those popular in Latin America at the onset of the debt crash. As is genera ...
Franchise Business Economic Outlook for 2016
... This report does not include estimates for product-distribution franchises, such as automotive and truck dealers, gasoline service stations without convenience stores, and beverage bottlers. ...
... This report does not include estimates for product-distribution franchises, such as automotive and truck dealers, gasoline service stations without convenience stores, and beverage bottlers. ...
Reducing CO2 Emissions and Long Run Growth of the Japanese
... allocated to the current period. This determines the supply of worked hours to labor market, i.e. labor supply from equation (11). We return to the income-expenditure identity (9) again. The left hand side of this identity ...
... allocated to the current period. This determines the supply of worked hours to labor market, i.e. labor supply from equation (11). We return to the income-expenditure identity (9) again. The left hand side of this identity ...
Official PDF , 59 pages
... robustness of our results through specifications that employ the lagged explanatory variables. To the best of our knowledge, this is the first study to combine various characteristics of the financial sector, a rich data set on growth, and an approach that addresses model uncertainty and endogeneity ...
... robustness of our results through specifications that employ the lagged explanatory variables. To the best of our knowledge, this is the first study to combine various characteristics of the financial sector, a rich data set on growth, and an approach that addresses model uncertainty and endogeneity ...
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.