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... thus focus not only on sending more children to school, as the second Millennium Development Goal is often interpreted, but also on maintaining or enhancing the quality of schooling. The task at hand is imposing. As shown by the PISA survey, disparities in secondary education between developing coun ...
TABLE OF CONTENTS
TABLE OF CONTENTS

... In making this change, the US NIPA accounts came substantially closer to the 1993 SNA, which recognises public investment. However, paradoxically, the extension of the coverage of investment in the NIPA was more extensive than that recommended by the SNA, since it included expenditures on military e ...
POPULATION WHITE PAPER: “A SUSTAINABLE POPULATION
POPULATION WHITE PAPER: “A SUSTAINABLE POPULATION

... be slight disruptions when building in public green spaces next to residential areas, such spaces are accounted for and will be well balanced with other infrastructural uses in the master plan. Residents stand to benefit from the redevelopment of existing towns, as this helps to improve the standard ...
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Is Currency Depreciation Expansionary? The Case of South Korea

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... the future behavior of an economic variable using economic models. – Backward-looking Expectations use only information on the past behavior of economic variables. – Adaptive Expectations base expectations for next period’s values on an average of actual values during previous periods. Copyright © 2 ...
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PDF

... strategies. As governments and international donors hammer out national development strategies to achieve these goals, they face difficult choices about where and how to invest their limited resources. Therefore there is increasing demand to map out country and regional typologies so that the invest ...
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Modelling the transition from a socialist to capitalist economic system

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Labor Market Behavior during and after the Great Recession.indd

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... Natural capital refers to the natural resources and ecosystem processes that make all economic activity possible. The industrial system uses the other three forms of capital (human, financial and manufacturing) to transform natural capital into the material goods of our daily lives (e.g., cars, high ...
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... neoliberalism: a (domestic) debt-driven and an export-driven model. In other words, there is a finance-led as well as an industrial version of neoliberalism. Let us now turn to the empirical picture. Stockhammer et al. (2011), Onaran and Galanis (2014) and Onaran and Obst (2015) provide evidence tha ...
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... as early as next year, and is projected at around 6.5% as a result of the low basis. Commodity prices are projected to continue rising over the projection horizon, albeit at a slower rate. In line with the developments in the international environment, the Slovenian economy has continued to grow in ...
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... undervalued exchange rate. This resulted in large trade deficits in the consumer countries. These trade imbalances also were accompanied by savings and consumption imbalances between the two groups. These large global trade and macroeconomic imbalances led to large capital flows from the trade-surpl ...
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Comprehensive Growth Strategy - Indonesia

... account  deficit  to  a  sustainable  level  supported  by  adequate  financing.     At   the   same   time,   the   Government   is   also   improving   interconnectivity   across   regions   within   the   country  to  help  reduce  logisti ...
240f10_Hats.pdf
240f10_Hats.pdf

... Robert Lucas Rates of growth of real per-capita income are...diverse, even over sustained periods. Indian incomes double every 50 years and Korean every 10. An Indian will, on average, be twice as well off as his grandfather; a Korean 32 times... I do not see how one can look at figures like these w ...
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The Analysis on Total Factor Productivity of Cities in China
The Analysis on Total Factor Productivity of Cities in China

... studies focus on single factor productivity, such as labor productivity, or the similarity tendency analysis. However, under the condition of scarce resources and obvious regional disparity, these studies meet great constraints. While Total Factor Productivity TFP is based on the calculation of TFP ...
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monetary policy report

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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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