del11 Philippopoulos 16784773 en
... are aware that actually some public services have been contracted out to private suppliers already. At the other end, in the reformed economy, we assume that there are private providers only with the government financing their costs. But we are aware that some public production is always desirable ( ...
... are aware that actually some public services have been contracted out to private suppliers already. At the other end, in the reformed economy, we assume that there are private providers only with the government financing their costs. But we are aware that some public production is always desirable ( ...
MERIT GOODS, GOVERNMENT SPENDING AND PRIVATE
... However, most of these definitions have not a clear macroeconomic counterpart in terms of macroeconomic data consistent with NIPA definitions. Given the massive share of transfers in the public expenditure almost everywhere, several macroeconomists (e.g., Alesina-Perotti, 1997) identify the Welfare ...
... However, most of these definitions have not a clear macroeconomic counterpart in terms of macroeconomic data consistent with NIPA definitions. Given the massive share of transfers in the public expenditure almost everywhere, several macroeconomists (e.g., Alesina-Perotti, 1997) identify the Welfare ...
Financialization and Neoliberalism
... According to the SSA theory, each SSA functions effectively at promoting profit-making for several decades, but at some point it ceases to do so. This brings a period of crisis, which eventually gives rise to a new SSA. Each SSA exists at the level of global capitalism as well as within individual c ...
... According to the SSA theory, each SSA functions effectively at promoting profit-making for several decades, but at some point it ceases to do so. This brings a period of crisis, which eventually gives rise to a new SSA. Each SSA exists at the level of global capitalism as well as within individual c ...
Informal sector and informal employment (ICLS & 2008 SNA)
... • Producers for own final use (including ICLS market producers) ...
... • Producers for own final use (including ICLS market producers) ...
Rishabh Kumar Thrift, stagnation and wealth distribution in a United States
... the rate of saving goes up on the income and wealth ranking and it is natural to assume that capitalists are wealthier than workers given the former do not require selling their labor for income in the first place. The second point is that if sw is positive, then following Pasinetti (1962) we know ...
... the rate of saving goes up on the income and wealth ranking and it is natural to assume that capitalists are wealthier than workers given the former do not require selling their labor for income in the first place. The second point is that if sw is positive, then following Pasinetti (1962) we know ...
Chapter 1: Principles of Economics
... on what really matters. Assumptions are an aid to the analytical process. Simplifying assumptions do not have to be realistic. We use maps, for example, to get us from point A to point B knowing that the map is not an accurate description of the road ahead, but only an abstraction of reality. ...
... on what really matters. Assumptions are an aid to the analytical process. Simplifying assumptions do not have to be realistic. We use maps, for example, to get us from point A to point B knowing that the map is not an accurate description of the road ahead, but only an abstraction of reality. ...
Secular Stagnation or Stagnation Policy? Steindl after Summers
... ICT; and decreases in relative prices of capital goods. Declining population growth and ageing societies have also reduced the demand for loanable funds, in particular for capital stock and housing finance, and have increased the supply of funds in those countries with a capital-funded pension syst ...
... ICT; and decreases in relative prices of capital goods. Declining population growth and ageing societies have also reduced the demand for loanable funds, in particular for capital stock and housing finance, and have increased the supply of funds in those countries with a capital-funded pension syst ...
Measuring the Economy: GDP
... described GDP as 'one of the great inventions of the 20th century.' ...
... described GDP as 'one of the great inventions of the 20th century.' ...
PDF
... the dynamic aspect of the problem. Thirdly, employed CGE models lack a detailed disaggregation of agriculture, while partial equilibrium models ignore the feedback effects. ...
... the dynamic aspect of the problem. Thirdly, employed CGE models lack a detailed disaggregation of agriculture, while partial equilibrium models ignore the feedback effects. ...
2003 - PDST
... (b) the income of the consumer For most goods as income rises the demand increases and vice versa e.g. smaller quantities of goods are bought when a person becomes unemployed. (c) the consumers' tastes or preference for a commodity When a commodity comes into fashion or into season there is an incre ...
... (b) the income of the consumer For most goods as income rises the demand increases and vice versa e.g. smaller quantities of goods are bought when a person becomes unemployed. (c) the consumers' tastes or preference for a commodity When a commodity comes into fashion or into season there is an incre ...
Text of Chapter 4 from Perman et al
... decision making. What we have seen so far here is that even if we restrict attention to consumption, a ‘concern for future generations’ can take a variety of expressions, and does not translate into a single simple constraint on current planning. It should also be noted that in explaining this using ...
... decision making. What we have seen so far here is that even if we restrict attention to consumption, a ‘concern for future generations’ can take a variety of expressions, and does not translate into a single simple constraint on current planning. It should also be noted that in explaining this using ...
human needs hierarchy and happiness
... substantial increases in real per capita income do not correspond to equivalent increases of individual happiness. In fact, there are examples where a negative correlation between real income and happiness were observed (see for instance, Easterlin, 1974; Oswald, 1997; Wright 2000; Lane, 2000). Thes ...
... substantial increases in real per capita income do not correspond to equivalent increases of individual happiness. In fact, there are examples where a negative correlation between real income and happiness were observed (see for instance, Easterlin, 1974; Oswald, 1997; Wright 2000; Lane, 2000). Thes ...
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... An aspect that deserves considerable attention in supply-side modelling, is the development of some measure for potential output. Measuring productive potential and the deviation between actual and potential output (i.e. the output gap), provides a number of key insights into macroeconomic performan ...
... An aspect that deserves considerable attention in supply-side modelling, is the development of some measure for potential output. Measuring productive potential and the deviation between actual and potential output (i.e. the output gap), provides a number of key insights into macroeconomic performan ...