ESRC-DFID Project ChauvetEtAl March16 Paper
... developing countries remain highly exposed to external shocks, such as the high price volatility of their main commodity exports. They are also exposed to climatic shocks, which, given the share of the primary sector in their total income, largely impact their performance and their volatility. At th ...
... developing countries remain highly exposed to external shocks, such as the high price volatility of their main commodity exports. They are also exposed to climatic shocks, which, given the share of the primary sector in their total income, largely impact their performance and their volatility. At th ...
Measuring potential output for the South African economy
... as non-inflationary output is too restrictive. Recent history has shown that other imbalances, notably in the financial sector and in asset markets, can emerge while inflation remains low and stable. Research has shown that financial factors contain important information relevant to the cyclical com ...
... as non-inflationary output is too restrictive. Recent history has shown that other imbalances, notably in the financial sector and in asset markets, can emerge while inflation remains low and stable. Research has shown that financial factors contain important information relevant to the cyclical com ...
Economic Growth, Business Cycles, Unemployment, and Inflation
... © 2003 McGraw-Hill Ryerson Limited. ...
... © 2003 McGraw-Hill Ryerson Limited. ...
In Search of General Patterns of Manufacturing Development
... suggests that the share of manufacturing industry increases at a faster rate than that of S-C pattern during the early stages of industrialization. Moreover, although the process of deindustrialization sets in after reaching a high income level, it is only an indication of how manufacturing industry ...
... suggests that the share of manufacturing industry increases at a faster rate than that of S-C pattern during the early stages of industrialization. Moreover, although the process of deindustrialization sets in after reaching a high income level, it is only an indication of how manufacturing industry ...
Output-Employment Relationship across Sectors: A Long
... data used on which we elaborate in the data section. We then switched to specifying a model whereby the activities in the labor market as measured by the employment rate is related to the activities in the goods market as measured by the aggregate output. A number of authors such as Akerlof and Shi ...
... data used on which we elaborate in the data section. We then switched to specifying a model whereby the activities in the labor market as measured by the employment rate is related to the activities in the goods market as measured by the aggregate output. A number of authors such as Akerlof and Shi ...
How to assess the impact of FDI on an economy?
... 1) Impact of FDI on economic growth: the theoretical background Economic theory provides us with many reasons why foreign direct investment may result in enhanced growth performance of the receiving country. In the neo-classical growth literature, FDI is associated positively with output growth beca ...
... 1) Impact of FDI on economic growth: the theoretical background Economic theory provides us with many reasons why foreign direct investment may result in enhanced growth performance of the receiving country. In the neo-classical growth literature, FDI is associated positively with output growth beca ...
PowerPoint Template - Uniwersytet Warszawski
... Data of 480 U.S. Industries in 1997; in 2000 inputoutput data for 35 countries and 48 industries. The effect of misallocation can be amplified through the input-output structure of the economy. A given amount of misallocation can lead to large income differences in different countries at diffe ...
... Data of 480 U.S. Industries in 1997; in 2000 inputoutput data for 35 countries and 48 industries. The effect of misallocation can be amplified through the input-output structure of the economy. A given amount of misallocation can lead to large income differences in different countries at diffe ...
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... poorest sections of society in countries in South Asia, South-East Asia and the Pacific. Governments in these and other countries with high levels of underemployment and with limited opportunities for employment in the formal sector could follow the example set by the Philippines and systematically ...
... poorest sections of society in countries in South Asia, South-East Asia and the Pacific. Governments in these and other countries with high levels of underemployment and with limited opportunities for employment in the formal sector could follow the example set by the Philippines and systematically ...
Exchange rate valuation and its impact on the real economy
... effective exchange rate is stationary (i.e. mean-reverting) over time. In practice, there are numerous reasons why PPP does not hold strictly. The Balassa-Samuelson (BS) adjusted PPP approach aims to isolate the role of one factor that helps to explain why PPP may not hold – the fact that LOOP can o ...
... effective exchange rate is stationary (i.e. mean-reverting) over time. In practice, there are numerous reasons why PPP does not hold strictly. The Balassa-Samuelson (BS) adjusted PPP approach aims to isolate the role of one factor that helps to explain why PPP may not hold – the fact that LOOP can o ...
Chapter 24 - Measuring the Wealth of Nations
... that politicians spend a lot of energy debating the best plan to expand the economy. Over the next few chapters, we’ll discuss many of the ideas and terms used in those debates. But, first, we need to answer a basic question: How do we measure the “size” of the economy? If we can answer that, we can ...
... that politicians spend a lot of energy debating the best plan to expand the economy. Over the next few chapters, we’ll discuss many of the ideas and terms used in those debates. But, first, we need to answer a basic question: How do we measure the “size” of the economy? If we can answer that, we can ...
Open-end mutual funds and capital
... generally would like to speed up the realization of losses and postpone the realization of gains. Because mutual funds are required to pass through essentially all of their net realized gains but cannot pass through net losses, taxable investors would like fund managers to realize capital gains only ...
... generally would like to speed up the realization of losses and postpone the realization of gains. Because mutual funds are required to pass through essentially all of their net realized gains but cannot pass through net losses, taxable investors would like fund managers to realize capital gains only ...
The Impact of External Debt on Economic Growth in Ethiopia A
... 1.6. SIGNIFICANCE OF THE STUDY Each year those poor nations in general and Ethiopia in particular need high amount of loans to finance their deficits, and as a result their debt goes on accumulating. Most of the studies carried out so far in this area have failed to examine how much external debt i ...
... 1.6. SIGNIFICANCE OF THE STUDY Each year those poor nations in general and Ethiopia in particular need high amount of loans to finance their deficits, and as a result their debt goes on accumulating. Most of the studies carried out so far in this area have failed to examine how much external debt i ...
Reverse the curse: Maximizing the potential of resource
... resources have risen sharply since the turn of the century. Our most recent MGI resource-related research, in September of this year—Resource Revolution: Tracking global commodity markets—highlighted the fact that, despite declines in some resource prices over the past two years, on average commodit ...
... resources have risen sharply since the turn of the century. Our most recent MGI resource-related research, in September of this year—Resource Revolution: Tracking global commodity markets—highlighted the fact that, despite declines in some resource prices over the past two years, on average commodit ...
Consumer confidence and economic growth: case studies of Jamaica
... and future economic conditions. Among other uses, confidence indices help to predict future changes in economic activity. This in turn, helps private and public sector entities to fashion appropriate strategies for the achievement of particular targets such as interest rates or sales. The indices ar ...
... and future economic conditions. Among other uses, confidence indices help to predict future changes in economic activity. This in turn, helps private and public sector entities to fashion appropriate strategies for the achievement of particular targets such as interest rates or sales. The indices ar ...
Northland Region Annual Economic Profile 2012
... and increased purchases of durable goods, more than offsetting cutbacks in private and public investment. The flood of milk from a buoyant dairy sector helped sustain growth in exports, at a time when import growth began to moderate. ...
... and increased purchases of durable goods, more than offsetting cutbacks in private and public investment. The flood of milk from a buoyant dairy sector helped sustain growth in exports, at a time when import growth began to moderate. ...
- Covenant University
... Poverty is one of the main economic problems facing most countries in the world. There have been several strategies to tackle poverty in its various forms and dimensions. Of recent, there has been a shift from the capital intensive large-scale industrial policy. SMEs are viewed as a sector that crea ...
... Poverty is one of the main economic problems facing most countries in the world. There have been several strategies to tackle poverty in its various forms and dimensions. Of recent, there has been a shift from the capital intensive large-scale industrial policy. SMEs are viewed as a sector that crea ...
Trade and Development Report, 2012
... Income inequality between countries and individuals, 1963–2009............................................... 63 Wealth and income Gini coefficients in selected countries........................................................... 66 Wage gap between men and women, 1985–2010.......................... ...
... Income inequality between countries and individuals, 1963–2009............................................... 63 Wealth and income Gini coefficients in selected countries........................................................... 66 Wage gap between men and women, 1985–2010.......................... ...
... The form that national income—gross domestic product (GDP)3—takes from the accounting perspective is the familiar GDP = C + I. This expression can be extended in obvious ways to separately account for the government sector and for trade, but in general we can think of income as the sum of current co ...
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.