3312-11547-1-SP
... rate grow faster than those without. Faster economic growth is extensively associated with real exchange rate depreciation (Hausmann, Pritchett, and Rodrik 2005). Rodrik (2008) was of the opinion that real undervaluation promotes economic growth, increases the profitability of the tradable sector, a ...
... rate grow faster than those without. Faster economic growth is extensively associated with real exchange rate depreciation (Hausmann, Pritchett, and Rodrik 2005). Rodrik (2008) was of the opinion that real undervaluation promotes economic growth, increases the profitability of the tradable sector, a ...
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 ...
Post-Programme Surveillance for Portugal. Autumn 2014 Report (9
... Fiscal-structural reforms are advanced, but strong implementation needs to continue. Building on already successful Public Financial Management reforms, a comprehensive revision of the Budget Framework Law is to be completed and implemented. Further efforts on revenue administration reform are bein ...
... Fiscal-structural reforms are advanced, but strong implementation needs to continue. Building on already successful Public Financial Management reforms, a comprehensive revision of the Budget Framework Law is to be completed and implemented. Further efforts on revenue administration reform are bein ...
The Macroeconomics of Job
... favourable path from the initial point to the socially optimum point—the preferred combination of national income and social infrastructure investment. As the economy adjusts to the social optimum, it passes the outputmaximising level of social infrastructure investment. Generally, the optimal level ...
... favourable path from the initial point to the socially optimum point—the preferred combination of national income and social infrastructure investment. As the economy adjusts to the social optimum, it passes the outputmaximising level of social infrastructure investment. Generally, the optimal level ...
Side by Side: U.S. and Texas Business Cycles Closely Tied
... the Organization of Petroleum Exporting Countries, the Texas economy experienced rapid economic expansion in the 1970s. The result was an average annual employment growth rate of ...
... the Organization of Petroleum Exporting Countries, the Texas economy experienced rapid economic expansion in the 1970s. The result was an average annual employment growth rate of ...
A Turning Point for the Service Sector in Thailand
... however, Thailand has had an average real GDP growth of only about 4%. While Thailand is widely perceived as an economically developing country led by agricultural exports, the majority of the country’s income is driven by the manufacturing and the service sectors. Since 1993, the agriculture sector ...
... however, Thailand has had an average real GDP growth of only about 4%. While Thailand is widely perceived as an economically developing country led by agricultural exports, the majority of the country’s income is driven by the manufacturing and the service sectors. Since 1993, the agriculture sector ...
Evaluating the Impact of One NorthEast
... competition leads to higher productivity Skill levels – very strong correlation between higher skills and higher earnings Innovation and investment in the latest technologies – the highest returns flow from competing at the cutting edge of any sector ...
... competition leads to higher productivity Skill levels – very strong correlation between higher skills and higher earnings Innovation and investment in the latest technologies – the highest returns flow from competing at the cutting edge of any sector ...
IBM Centennial Presentation Template
... asset, yet fewer than 10% will quantify its economic value ...
... asset, yet fewer than 10% will quantify its economic value ...
An Index of Coincident Economic Indicators for
... sales, which in turn feeds back into a further fall in output, and so on, all the while spreading from industry to industry, region to region, and, of course, indicator to indicator. At some point in time, the vicious cycle switches to a virtuous cycle, in which rising output, for example, leads to ...
... sales, which in turn feeds back into a further fall in output, and so on, all the while spreading from industry to industry, region to region, and, of course, indicator to indicator. At some point in time, the vicious cycle switches to a virtuous cycle, in which rising output, for example, leads to ...
83081100I_en.pdf
... higher public spending and lower interest rates, combined with a policy of macroeconomic balance and price and real exchange-rate stability (via a dirty float), would open the way for higher private-sector investment. Nonetheless, total gross investment, which had fallen by 26% in 1997-2001, grew by ...
... higher public spending and lower interest rates, combined with a policy of macroeconomic balance and price and real exchange-rate stability (via a dirty float), would open the way for higher private-sector investment. Nonetheless, total gross investment, which had fallen by 26% in 1997-2001, grew by ...
The world in 2050
... Japan was criticised using many of the arguments that now face China. The Japanese catch-up effort was bolstered significantly by government policy. Large corporate groups (keiretsu) and banks had close ties, and the Ministry of Trade and industry provided administered guidance to firms and banks wh ...
... Japan was criticised using many of the arguments that now face China. The Japanese catch-up effort was bolstered significantly by government policy. Large corporate groups (keiretsu) and banks had close ties, and the Ministry of Trade and industry provided administered guidance to firms and banks wh ...
1 - EcoMod
... Despite the fact that the link between public expenditure and economic growth has been investigated extensively in the literature, robust conclusions have been difficult to establish. Even though, in recent studies, there is some convergence in terms of the significance of public spending on growth, ...
... Despite the fact that the link between public expenditure and economic growth has been investigated extensively in the literature, robust conclusions have been difficult to establish. Even though, in recent studies, there is some convergence in terms of the significance of public spending on growth, ...
Investment in the euro area
... since spring 2013, and the same can be said for gross fixed capital formation. However, the recovery is making slow progress at best, even if it did pick up pace somewhat in the first half of 2015. Real GDP had still not quite revisited its earlier high from the first quarter of 2008 by the end of t ...
... since spring 2013, and the same can be said for gross fixed capital formation. However, the recovery is making slow progress at best, even if it did pick up pace somewhat in the first half of 2015. Real GDP had still not quite revisited its earlier high from the first quarter of 2008 by the end of t ...
Paper - Queen`s Economics Department
... with only twenty annual observations. We omit lags, first to conserve degrees of freedom and second because a dynamic panel-data model with country-specific fixed effects would require further instruments for consistency, which again may be challenging. A third reason is that there are generally some mi ...
... with only twenty annual observations. We omit lags, first to conserve degrees of freedom and second because a dynamic panel-data model with country-specific fixed effects would require further instruments for consistency, which again may be challenging. A third reason is that there are generally some mi ...
PRODUCTIVITY IN SERVICES: FINLAND IN AN INTERNATIONAL
... simply presenting the results of the arduous compilation of the historical series. He also used regression analysis to model developments in trade sector value added. Explanatory variables were average population, share of urban population in total population and real GDP per capita. A more recent l ...
... simply presenting the results of the arduous compilation of the historical series. He also used regression analysis to model developments in trade sector value added. Explanatory variables were average population, share of urban population in total population and real GDP per capita. A more recent l ...
Growth Identification and
... economists and policymakers to rethink their approaches to macroeconomic management.1 For developing countries, in the midst of a financial and economic turmoil that was not of their own making, the road ahead is likely to be rocky. Because of the sluggish recovery in high-income countries and the h ...
... economists and policymakers to rethink their approaches to macroeconomic management.1 For developing countries, in the midst of a financial and economic turmoil that was not of their own making, the road ahead is likely to be rocky. Because of the sluggish recovery in high-income countries and the h ...
The Global Workforce Crisis
... A Surplus in the U.S. The surplus in the U.S. presents a starkly contrasting picture. Again, we modeled labor supply and demand using the same two sets of assumptions: GDP and productivity growth rates for the past 10 and 20 years. In each scenario, the supply of labor in 2030 will exceed demand. In ...
... A Surplus in the U.S. The surplus in the U.S. presents a starkly contrasting picture. Again, we modeled labor supply and demand using the same two sets of assumptions: GDP and productivity growth rates for the past 10 and 20 years. In each scenario, the supply of labor in 2030 will exceed demand. In ...
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.