Week 2
... For any level of planned expenditure Z (with a slope < 1), There is only a single point for which the planned expenditure is equal to the level of income Y This gives the equilibrium condition on the goods market: Y = Z There is no guarantee that this point is a full employment equilibrium !! This w ...
... For any level of planned expenditure Z (with a slope < 1), There is only a single point for which the planned expenditure is equal to the level of income Y This gives the equilibrium condition on the goods market: Y = Z There is no guarantee that this point is a full employment equilibrium !! This w ...
Wage-led versus profit-led demand regimes:
... While these explanations all have some merit – and they are not mutually exclusive – this paper will suggest another possibility, which is that the empirical evidence for profit-led demand regimes is likely to be relevant only to short-term behavior over the business cycle, and not to longer-term e ...
... While these explanations all have some merit – and they are not mutually exclusive – this paper will suggest another possibility, which is that the empirical evidence for profit-led demand regimes is likely to be relevant only to short-term behavior over the business cycle, and not to longer-term e ...
NBER WORKING PAPER SERIES BUSINESS CYCLE FLUCTUATIONS AND THE LIFE CYCLE:
... labor services–human capital is accumulated simply as a result of working. This contrasts with the second case where no productive labor services are provided while spending time engaged in OJT. Both have been extensively studied in the micro labor literature.4 We also compare the results obtained w ...
... labor services–human capital is accumulated simply as a result of working. This contrasts with the second case where no productive labor services are provided while spending time engaged in OJT. Both have been extensively studied in the micro labor literature.4 We also compare the results obtained w ...
International Effects of Government Expenditure in
... earlier work, the recent literaturetypically adopts some variantof the utility maximizing representativeagent framework,where the currentaccountis viewed as the outcome of planned savings and investment behaviour.Two types of issues have received attention:the effects of changes in governmentexpendi ...
... earlier work, the recent literaturetypically adopts some variantof the utility maximizing representativeagent framework,where the currentaccountis viewed as the outcome of planned savings and investment behaviour.Two types of issues have received attention:the effects of changes in governmentexpendi ...
the assessment: the new economy - School of Economics, Finance
... heavily in information and communications technology (ICT). Several contributors to this issue examine precisely this question, using new data to provide some of the first rigorous evidence on ICT adoption and productivity growth outside the USA. This is especially important, because the emergence o ...
... heavily in information and communications technology (ICT). Several contributors to this issue examine precisely this question, using new data to provide some of the first rigorous evidence on ICT adoption and productivity growth outside the USA. This is especially important, because the emergence o ...
Deflation and Japan Revisited
... costs couldn’t fall faster than prices, thus suggesting that Reisman’s argument is invalid. However, Bagus bases his point on the idea that costs are equal to wage payments, which is far from true. Basic knowledge about income statements and balance sheets tells us that even in the case in which a b ...
... costs couldn’t fall faster than prices, thus suggesting that Reisman’s argument is invalid. However, Bagus bases his point on the idea that costs are equal to wage payments, which is far from true. Basic knowledge about income statements and balance sheets tells us that even in the case in which a b ...
Significance of globalization in economic
... languages. Globalization is not just a contemporary phenomenon. Nowadays many researchers know globalization in economic, social and cultural settings, with 'its society, the global'. Thinking about joining and reshaping the world in a global village and the description of the dynamics of political ...
... languages. Globalization is not just a contemporary phenomenon. Nowadays many researchers know globalization in economic, social and cultural settings, with 'its society, the global'. Thinking about joining and reshaping the world in a global village and the description of the dynamics of political ...
PDF - unu-wider - United Nations University
... Global biofuel demand has increased significantly over the past decade as countries have implemented fuel-blending mandates and targets as mitigation strategies to reduce greenhouse gas emissions in the transport sector. Between 2005 and 2015, biofuel production increased from less than 50 billion l ...
... Global biofuel demand has increased significantly over the past decade as countries have implemented fuel-blending mandates and targets as mitigation strategies to reduce greenhouse gas emissions in the transport sector. Between 2005 and 2015, biofuel production increased from less than 50 billion l ...
Slides 2
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
General Economics: Exercise Book by Egor Sidorov
... summing up the basic spheres of economic theory. In principle the book covers the whole range of problems discussed in the general economics course. Each chapters of the book is divided into two parts. The first part of the chapter contains discussion points on chosen problems. These questions have ...
... summing up the basic spheres of economic theory. In principle the book covers the whole range of problems discussed in the general economics course. Each chapters of the book is divided into two parts. The first part of the chapter contains discussion points on chosen problems. These questions have ...
PDF
... workers would occur or changes in the crop production mix would be made. The study is informative to state and local policy makers who legislate and regulate migrant and seasonal agricultural labor. A number of decisions affect labor availability and such decisions are better informed if the magnitu ...
... workers would occur or changes in the crop production mix would be made. The study is informative to state and local policy makers who legislate and regulate migrant and seasonal agricultural labor. A number of decisions affect labor availability and such decisions are better informed if the magnitu ...
The U.S. Economy in the 1990s: A Neoliberal Success Story?
... A process of neoliberal restructuring has been going on in many parts of the world in recent decades. The belief that domestic and international liberalization, privatization, and cutbacks in public spending are the route to economic success is firmly lodged, despite the absence of supporting eviden ...
... A process of neoliberal restructuring has been going on in many parts of the world in recent decades. The belief that domestic and international liberalization, privatization, and cutbacks in public spending are the route to economic success is firmly lodged, despite the absence of supporting eviden ...
the economy goes to college - Center on Education and the Workforce
... workers, we then conduct a workforce analysis that looks at the BLS surveys of U.S. workers in tandem with the I-O tables. This workforce analysis uncovers the skill and education levels of workers involved at each step in the value chain of a good or service. This comprehensive look at the workforc ...
... workers, we then conduct a workforce analysis that looks at the BLS surveys of U.S. workers in tandem with the I-O tables. This workforce analysis uncovers the skill and education levels of workers involved at each step in the value chain of a good or service. This comprehensive look at the workforc ...
pdf copy of this Policy Study
... producer can generate far more than is necessary for his private consumption, the division of labor naturally leads to exchange among the various producers for items that they require but cannot produce.2 The self-interest of each producer to acquire material necessities can be fulfilled through a s ...
... producer can generate far more than is necessary for his private consumption, the division of labor naturally leads to exchange among the various producers for items that they require but cannot produce.2 The self-interest of each producer to acquire material necessities can be fulfilled through a s ...
E S conomic Statistics in olomon Islands
... being planned ▪ Statistical law protects confidentiality and independence of statistical information ▪ Semi-centralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of ...
... being planned ▪ Statistical law protects confidentiality and independence of statistical information ▪ Semi-centralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of ...
Document
... recalling Kalecki and Steindl idea of a ‘monopolistic economy which is operating well below full capacity’ (Rowthorn 1981: 1). In such an economy, ‘prices are relatively inflexible and firms respond to change in demand by varying the amount they produce. When demand is depressed firms respond by red ...
... recalling Kalecki and Steindl idea of a ‘monopolistic economy which is operating well below full capacity’ (Rowthorn 1981: 1). In such an economy, ‘prices are relatively inflexible and firms respond to change in demand by varying the amount they produce. When demand is depressed firms respond by red ...
Seven Centuries of Economic Growth and Decline1
... The third, and less reliable, indirect approach depends on modelling or proxies to generate indicators of economic output. Particularly for agricultural production, where demand is deemed to be relatively stable, a model of agricultural demand is used, building on original work by Crafts (1985) and ...
... The third, and less reliable, indirect approach depends on modelling or proxies to generate indicators of economic output. Particularly for agricultural production, where demand is deemed to be relatively stable, a model of agricultural demand is used, building on original work by Crafts (1985) and ...