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... lead to indeterminacy of equilibria, thus having potential to explain business cycles as well as drastically different growth experiences of countries whose initial conditions were very similar. Finally, as the utility level of individuals provides an appropriate criterion for assessing the overall ...
... lead to indeterminacy of equilibria, thus having potential to explain business cycles as well as drastically different growth experiences of countries whose initial conditions were very similar. Finally, as the utility level of individuals provides an appropriate criterion for assessing the overall ...
Economics Subject Outline for teaching in 2017
... Students of Economics define, research, analyse, evaluate, and apply economic models that are expressed in graphical and/or diagrammatic form. They make forecasts about economic change and evaluate issues for individuals and groups in local, national, and global settings. They learn how some of thes ...
... Students of Economics define, research, analyse, evaluate, and apply economic models that are expressed in graphical and/or diagrammatic form. They make forecasts about economic change and evaluate issues for individuals and groups in local, national, and global settings. They learn how some of thes ...
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... deriving a net balance position may make sense when it comes to licit flows like FDI or recorded capital flight, netting out illicit flows makes little sense. This is because when it comes to illicit capital, flows are illicit in both directions and netting them out would be akin to deriving a posit ...
... deriving a net balance position may make sense when it comes to licit flows like FDI or recorded capital flight, netting out illicit flows makes little sense. This is because when it comes to illicit capital, flows are illicit in both directions and netting them out would be akin to deriving a posit ...
An Analysis on Technological Efficiency of Agricultural
... development in Xinjiang, the agricultural industrialization and industrial structure and other areas [9] - [11]. Although they also involve the impact and role that the technological factors have on the agricultural production in Xinjiang, the quantitative analysis regarding this is very rare. As fo ...
... development in Xinjiang, the agricultural industrialization and industrial structure and other areas [9] - [11]. Although they also involve the impact and role that the technological factors have on the agricultural production in Xinjiang, the quantitative analysis regarding this is very rare. As fo ...
... ▪No publication policies for statistical dissemination ▪ There are no user consultations organized by producers of economic statistics ▪ Awareness of relevance, among users, of official statistics to economic policy making is not considered sufficient and there are no activities in place to improve ...
ESTIMATING THE UNDERGROUND ECONOMY IN TURKEY Fethi ÖĞÜNÇ (Statistician)
... sector refers to very small-scale units producing and distributing goods and services and consisting of both employed workers and independent self-employed persons in both rural and urban areas. They are informal in the sense that they are mostly unregistered, unrecorded in official statistics; and ...
... sector refers to very small-scale units producing and distributing goods and services and consisting of both employed workers and independent self-employed persons in both rural and urban areas. They are informal in the sense that they are mostly unregistered, unrecorded in official statistics; and ...
Equilibrium Versus the Invisible Hand
... and casual observation suggests that the economy does remain close to equilibrium following the neoclassical definition, because most markets come close to clearing most of the time. Conditions of excess supply or excess demand are so rare (except when caused by government intervention) that they ca ...
... and casual observation suggests that the economy does remain close to equilibrium following the neoclassical definition, because most markets come close to clearing most of the time. Conditions of excess supply or excess demand are so rare (except when caused by government intervention) that they ca ...
Economic Impact of Advertising in the United States
... The modelling approach used to conduct this study, which was first developed by Dr. Lawrence R. Klein (recipient of the 1980 Nobel Prize in Economics), has been adapted to account for the changes in the structure of the US economy. It is designed to calibrate the total economic impact of advertising ...
... The modelling approach used to conduct this study, which was first developed by Dr. Lawrence R. Klein (recipient of the 1980 Nobel Prize in Economics), has been adapted to account for the changes in the structure of the US economy. It is designed to calibrate the total economic impact of advertising ...
Economic Impact of Advertising in the United States
... The modelling approach used to conduct this study, which was first developed by Dr. Lawrence R. Klein (recipient of the 1980 Nobel Prize in Economics), has been adapted to account for the changes in the structure of the US economy. It is designed to calibrate the total economic impact of advertising ...
... The modelling approach used to conduct this study, which was first developed by Dr. Lawrence R. Klein (recipient of the 1980 Nobel Prize in Economics), has been adapted to account for the changes in the structure of the US economy. It is designed to calibrate the total economic impact of advertising ...
The Dual Nature of Public Goods and Congestion: The Role of
... healthcare services, and law and order, play a dual role in in‡uencing private economic activity, by simultaneously a¤ecting both private productivity and utility (welfare). Consequently, the dichotomy in de…ning public goods can lead to inaccurate implications for the design and evaluation of …scal ...
... healthcare services, and law and order, play a dual role in in‡uencing private economic activity, by simultaneously a¤ecting both private productivity and utility (welfare). Consequently, the dichotomy in de…ning public goods can lead to inaccurate implications for the design and evaluation of …scal ...
economic-question-pa..
... satisfaction. Individual utility and social utility can be construed as the value of a utility function and a social welfare function respectively. When coupled with production or commodity constraints, under some assumptions, these functions can be used to analyze Pareto efficiency, such as illustr ...
... satisfaction. Individual utility and social utility can be construed as the value of a utility function and a social welfare function respectively. When coupled with production or commodity constraints, under some assumptions, these functions can be used to analyze Pareto efficiency, such as illustr ...
NBER WORKING PAPER SERIES IRREVERSIBILITY, UNCERTAINTY, AND CYCLICAL INVESTMENT Working Paper No. 502
... irreversible investments, just as it does indivisible ones. This can be shown using the idea of negative spreads. Rather than pursue an absolutely parallel discussion to the previous sections, however, we shall illustrate this point with an example that we found instructive. ...
... irreversible investments, just as it does indivisible ones. This can be shown using the idea of negative spreads. Rather than pursue an absolutely parallel discussion to the previous sections, however, we shall illustrate this point with an example that we found instructive. ...
GDP: Measuring Total Production and Income
... the flow of spending and money in the economy. Firms sell goods and services to three groups: domestic households, foreign firms and households, and the government. To produce goods and services, firms use factors of production: labor, capital, natural resources, and entrepreneurship. Households sup ...
... the flow of spending and money in the economy. Firms sell goods and services to three groups: domestic households, foreign firms and households, and the government. To produce goods and services, firms use factors of production: labor, capital, natural resources, and entrepreneurship. Households sup ...
vsi09 ss Dubovyk new 10147616 en
... the empirical public …nance literature, an individual’s schooling or labor force participation decisions determine the evolution of labor productivity over the life-cycle. For example, Imai and Keane (2004) show the importance of human capital accumulation in estimating the intertemporal elasticity ...
... the empirical public …nance literature, an individual’s schooling or labor force participation decisions determine the evolution of labor productivity over the life-cycle. For example, Imai and Keane (2004) show the importance of human capital accumulation in estimating the intertemporal elasticity ...
kadochnikov ge08 6483571 en
... argued that the coming of multinational corporations leads to the increase of demand for intermediate goods in the local market, which consequently results in the rise of diversity of intermediate goods produced in the country. Increase in the variety of intermediate goods has a positive effect on t ...
... argued that the coming of multinational corporations leads to the increase of demand for intermediate goods in the local market, which consequently results in the rise of diversity of intermediate goods produced in the country. Increase in the variety of intermediate goods has a positive effect on t ...
Human Capital, Industrial Growth and Resource Curse by Elena
... prevent countries from industrial diversification (Leamer et al., 1999). Their argument is that resource intense sectors absorb national savings while creating only a few eminently qualified jobs. This leads to lower incentive of the society to educate their citizens compared to the societies with l ...
... prevent countries from industrial diversification (Leamer et al., 1999). Their argument is that resource intense sectors absorb national savings while creating only a few eminently qualified jobs. This leads to lower incentive of the society to educate their citizens compared to the societies with l ...
Say`s Law - Wake Forest University
... There is a secondary escape route for the re-establishment of the original level of aggregate demand in real terms, after a period of unemployment. That is, if money wages begin to fall in response to unemployment, and prices follow wages down, this increases the real stock of money, permitting a fa ...
... There is a secondary escape route for the re-establishment of the original level of aggregate demand in real terms, after a period of unemployment. That is, if money wages begin to fall in response to unemployment, and prices follow wages down, this increases the real stock of money, permitting a fa ...
Life Cycle Savings, Bequest, and the Diminishing Impact of Scale on
... Yanagawa, 1996). Whereas previous results have revealed its importance for growth and taxes, convergence and the sustainability of growth through capital accumulation, the present paper demonstrates that it is also central to the scale effect property. ...
... Yanagawa, 1996). Whereas previous results have revealed its importance for growth and taxes, convergence and the sustainability of growth through capital accumulation, the present paper demonstrates that it is also central to the scale effect property. ...
