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85079098I_en.pdf
85079098I_en.pdf

... Vertical logic could be defined as that applying to transnational firms, which can segment their production processes and spatially distribute production; this encourages the prioritizing of territorially selective criteria through the development of a limited number of locations that have the neces ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
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... Other Measures of Total Production and Total Income Gross National Product (GNP) =GDP + Net Foreign Earnings of US Residents •Compensation of employees earned abroad •Interest and profits earned abroad ...
Wage-led versus profit-led demand regimes: The long and the short
Wage-led versus profit-led demand regimes: The long and the short

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Download pdf | 1061 KB |

... corner. . . . Economies are behaving unpredictably and will continue to do so. The instability is both cause and consequence of the great uncertainty that has been spreading out from the financial markets. Fearful and confused, people react erratically to changing news, reinforcing confused market b ...
So what is economic success? Going beyond GDP
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Macroeconomics - IB-Econ
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... Services have grown much more rapidly than the rest of the UK economy throughout the period 1970–97: the average yearly rates of growth for the service and manufacturing sectors were 2.6% and 0.7% respectively. Marketed services have grown at a yearly rate of around 3% during the same period. Growth ...
Chapter 4: Theories of Economic Growth
Chapter 4: Theories of Economic Growth

... of the overall level of technology E, and that this level of technology can be thought of as directly amplifying the productivity of the average worker, the average member of the economy's labor force L. All of these are big assumptions. (Indeed, fierce intellectual struggles were waged during the 1 ...
Macroeconomics - IB-Econ
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Does investment call the tune? Empirical evidence and
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... assume that all industries under monopolistic competition have different markups and nonhomothetic production technologies. Some similar approaches have been studied previously. Horn (1983) constructs a twoindustry, two-factor model in which one industry is in perfect competition with constant return ...
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CHAPTER 1  TOWARD ENDOGENOUS ECONOMIC GROWTH
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... suggested that, at some point, a check of some kind must, sooner or later, be opposed to the ever increasing population level. Malthus recognized certain checks and divided them into preventative and positive checks. Preventative checks are either sexual abstinence or the use of contraception; while ...
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Pareto Optimality, the Core, and Competitive Equilibrium

Investigating Neutrality and Lack of Neutrality of Money in Iranian... Advances in Environmental Biology  AENSI Journals
Investigating Neutrality and Lack of Neutrality of Money in Iranian... Advances in Environmental Biology AENSI Journals

... literature that evaluates the targeting nominal GNP, It is based on the belief that adequate systematic policies, reduces the volatility of production. Besides that, there is debate over the impact of money on real variables momentum asymmetry deals with monetary issues that are fundamental to this ...
STI and Poverty Reduction in the Least Developed Countries
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... • Mass poverty means that many cannot afford the means for sustainable intensification of agricultural production. • More and more people are seeking work outside agriculture and urbanization is accelerating. • Most LDCs have not been able to generate sufficient productive off-farm jobs to absorb th ...
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... Tasmania is a small regional economy reliant on trade, and being on the periphery of the central axis of Sydney-Melbourne, logistically challenged. It is separated from the mainland by a significant stretch of water. It has no critical mass and its main areas of economic activity - the primary indus ...
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... sic literature on bubbles in general equilibrium bears little relation to speculative growth episodes. In this literature, bubbles – understood as asset prices that deviate from fundamental values – can only appear in a “dynamically inefficient” economy, that is one whose structure is conducive to ...
13.2 measuring us gdp
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... Other Influences on the Standard of Living Health and Life Expectancy • Good health and a long life do not show up directly in real GDP. Political Freedom and Social Justice • A country might have a very large real GDP per person but have limited political freedom and ...
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... theory. This theory depicts the rise and fall of individual industries in a region with the maturation of individual product cycles. The product cycles start with early acceptance and high investment returns and continue to the later stages of increasing ease of entry of competitors. The competition ...
Study on the Economic Impact of MICE in Singapore
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... The study aims to demonstrate the extent to which the local MICE segment industry supports the economy in Singapore. The study will analyze the economic benefits from the MICE industry i.e. how much each dollar spent in the MICE industry will generate for the entire Singapore economy ...
The Contribution of Commercial Aviation to the Economy of Manitoba:... J. Jurgens Bekker, Senior Research Associate
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... MBS multipliers are derived from Statistics Canada Inter-Provincial Input-Output Tables (Manitoba Bureau of Statistics, 1999b). This methodology implies certain limitations. A major limitation is that multipliers are static. Empirically derived multipliers represent structural relationships between ...
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...  Imports (IM) are the purchases of foreign goods and services by consumers, business firms, and the U.S. government. ...
Local Wisdom of Economics and Business Overseas Traders Minang Community... Jakarta
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... H.D. Evers in Damsar (2000: 90-92) argues that the moral economy of merchants arises when they faced problems in trading activities. Moral economy of merchants arises due to opposition within his own traders. If the selling price is high, then the merchandise will not be sold. If the merchant sells ...
NBER WORKING PAPER SERIES CAPITAL GOODS IMPORTS AND LONG-RUN GROWFH Jong-Wha Lee
NBER WORKING PAPER SERIES CAPITAL GOODS IMPORTS AND LONG-RUN GROWFH Jong-Wha Lee

... growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85, confirm that the ratio of imported to domestically produced capital goods in the comp ...
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Production for use

Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy. It is held in contrast to production for profit. This criterion is used to distinguish socialism from capitalism, and was one of the fundamental defining characteristics of socialism initially shared by Marxian socialists, evolutionary socialists, social anarchists and Christian socialists.This principle is broad and can refer to an array of different configurations that vary based on the underlying theory of economics employed. In its classic definition, production for use implied an economic system whereby the law of value and law of accumulation no longer directed economic activity, whereby a direct measure of utility and value is used in place of the abstractions of the price system, money and capital. Alternative conceptions of socialism that don't utilize the profit system such as the Lange model involve the use of a price system and monetary calculation.The central critique of the profits system by socialists is that the accumulation of capital (""making money"") becomes increasingly detached from the process of producing economic value, leading to waste, inefficiency, and social issues. Essentially it is a distortion of proper accounting based on the assertion of the law of value instead of the ""real"" costs of the factors of production, objectively determined outside of social relations.
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