NBER WORKING PAPELSERIES ON THE TIMING AND EFFICIENCY OF CREATIVE DESTRUCI'ION
... due to improvements in technology purely at the plant level.2 Both studies find that 'See Schumpeter (1942). Cox and Aim (1993) provide numerous illustrations of creative destruction at work in the US economy. 3A related question, that focuses on physical as opposed to human or organizational capita ...
... due to improvements in technology purely at the plant level.2 Both studies find that 'See Schumpeter (1942). Cox and Aim (1993) provide numerous illustrations of creative destruction at work in the US economy. 3A related question, that focuses on physical as opposed to human or organizational capita ...
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... revenue for the government in the process of producing and delivering agricultural output. The impacts transcend the agriculture sector because of system linkages, including upstream and downstream activities, which affect the economy, as well. This creates additional jobs and income which set in mo ...
... revenue for the government in the process of producing and delivering agricultural output. The impacts transcend the agriculture sector because of system linkages, including upstream and downstream activities, which affect the economy, as well. This creates additional jobs and income which set in mo ...
Lecture 1 - cda college
... Aggregate accounting is a set of rules and definitions for measuring economic activity in the aggregate economy GDP is the total market value of all final goods and services produced in an economy in one year GDP is the sum of four expenditures: GDP = C + I + G + (X – M) ...
... Aggregate accounting is a set of rules and definitions for measuring economic activity in the aggregate economy GDP is the total market value of all final goods and services produced in an economy in one year GDP is the sum of four expenditures: GDP = C + I + G + (X – M) ...
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... In this paper I present two simple multi-sector growth models where pollution plays a fundamental role. The models represent two extreme benchmark cases, the fully open economy-constant price case and the closed economy with endogenous prices. The open economy model intends to illustrate patterns o ...
... In this paper I present two simple multi-sector growth models where pollution plays a fundamental role. The models represent two extreme benchmark cases, the fully open economy-constant price case and the closed economy with endogenous prices. The open economy model intends to illustrate patterns o ...
Chapter 1: Introduction
... 1-1-2: Macroeconomics different from microeconomics. The two branches of economics. For more than half a century economics has been divided into two branches-microeconomics and macroeconomics. Microeconomics is the part of economics that deals with supply and demand in the markets for particular com ...
... 1-1-2: Macroeconomics different from microeconomics. The two branches of economics. For more than half a century economics has been divided into two branches-microeconomics and macroeconomics. Microeconomics is the part of economics that deals with supply and demand in the markets for particular com ...
NBER WORKING PAPER SERIES OPTIMAL TIME—CONSISTENT FISCAL POLICY WITH UNCERTAIN LIFETIMES
... assumptions, it is quite difficult to characterize the steady—state allocation for this competitive economy. For example, if p(n) is a constant p as in Merton (1971) and Blanchard (1985), and if u(c) = (R > 0), then it is easy to see that the steady—state real ...
... assumptions, it is quite difficult to characterize the steady—state allocation for this competitive economy. For example, if p(n) is a constant p as in Merton (1971) and Blanchard (1985), and if u(c) = (R > 0), then it is easy to see that the steady—state real ...
chapter_7 - Joseph R Bartholomew
... a) Expansion: a period of increasing production or output (i.e. increase in real GDP) -- continues until there is a peak (point where GDP reaches its highest level during an expansion) or pt A -- increase in real GDP is above normal levels b) Recession: a period of declining production or output (i. ...
... a) Expansion: a period of increasing production or output (i.e. increase in real GDP) -- continues until there is a peak (point where GDP reaches its highest level during an expansion) or pt A -- increase in real GDP is above normal levels b) Recession: a period of declining production or output (i. ...
4. S D upply and
... February-May period, while the PMI employment index, a leading indicator for employment developments, maintains its low level compared to the first quarter, albeit having increased slightly in June. (Chart 4.3.5). These indicators point that employment conditions in the industrial sector may deterio ...
... February-May period, while the PMI employment index, a leading indicator for employment developments, maintains its low level compared to the first quarter, albeit having increased slightly in June. (Chart 4.3.5). These indicators point that employment conditions in the industrial sector may deterio ...
Civil War and the Economics of Peace Dividend
... 1. Aggregate Output and the Peace Dividend The concept of the `peace dividend' is that the end of warfare brings a rapid gain in income. There was a peace dividend as a result of the end of the cold war because substantial resources previously devoted to military expenditure became releasable for p ...
... 1. Aggregate Output and the Peace Dividend The concept of the `peace dividend' is that the end of warfare brings a rapid gain in income. There was a peace dividend as a result of the end of the cold war because substantial resources previously devoted to military expenditure became releasable for p ...
NATIONAL ACCOUNTS
... the levels of their production activities or the quantities or values of the goods or services that they produce, sell or import. In addition to the direct current subsidies, this item also includes the subsidy component of loans to finance current activities, which are granted by the NATIONAL ACCOU ...
... the levels of their production activities or the quantities or values of the goods or services that they produce, sell or import. In addition to the direct current subsidies, this item also includes the subsidy component of loans to finance current activities, which are granted by the NATIONAL ACCOU ...
WP 1209 - Université de Namur
... that the relationship between tax-revenues and growth may be hump-shaped. The underlying reason is that in the presence of high governmental revenues, the viability of the regime will be jeopardized by potential challengers, thus reducing the current government’s time horizon and associated growth- ...
... that the relationship between tax-revenues and growth may be hump-shaped. The underlying reason is that in the presence of high governmental revenues, the viability of the regime will be jeopardized by potential challengers, thus reducing the current government’s time horizon and associated growth- ...
ECONOMICS 30233 Intermediate Macroeconomics Study Questions
... and why is this not true in the midst of the worst recession since the Great Depression (in terms of what is available to the private sector and what they were choosing to do)? [29 words] When might deficit spending create inflation? [6 words] Government surpluses do not help the economy grow becaus ...
... and why is this not true in the midst of the worst recession since the Great Depression (in terms of what is available to the private sector and what they were choosing to do)? [29 words] When might deficit spending create inflation? [6 words] Government surpluses do not help the economy grow becaus ...
E L conomic Statistics in ao PDR
... 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 production of economic statistics ...
... 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 production of economic statistics ...
Impact of Dual-Use Goods and Technology - Econ
... exchanged for an even wider range of goods and services. Because of money’s efficiency, other primitive forms of exchange (i.e. barter) are driven out and new relationships between buyers and sellers are drawn in (Gilpin, p.23, 1977). With the increasing number of entrants, new far-reaching implicat ...
... exchanged for an even wider range of goods and services. Because of money’s efficiency, other primitive forms of exchange (i.e. barter) are driven out and new relationships between buyers and sellers are drawn in (Gilpin, p.23, 1977). With the increasing number of entrants, new far-reaching implicat ...
NBER WORKING PAPER SERIES DETERIORATION OF THE TERMS OF TRADE AND
... consumption leisure tradeoff against the consumption of both goods and in favor of labor, A rise in the capital stock, by raising the real wage rate, does the same. Given the marginal utility of consumption ,, an increase in the relative price of the imported good p leads to a substitution away from ...
... consumption leisure tradeoff against the consumption of both goods and in favor of labor, A rise in the capital stock, by raising the real wage rate, does the same. Given the marginal utility of consumption ,, an increase in the relative price of the imported good p leads to a substitution away from ...
The Concept of Scale and Its Relation to Allocation, Distribution, and
... acceptable inequality); a good scale does not generate “bads” faster than goods, and is also ecologically sustainable (it could last a long time, although nothing is forever). Allocation and distribution are familiar concepts from standard economics—for any given distribution of income there is a di ...
... acceptable inequality); a good scale does not generate “bads” faster than goods, and is also ecologically sustainable (it could last a long time, although nothing is forever). Allocation and distribution are familiar concepts from standard economics—for any given distribution of income there is a di ...
System of Environmental-Economic Accounting
... Integrated statistical framework for accounting for ecosystem assets and associated services (provisioning, regulating and cultural services) Important first step in development of statistical framework for ecosystem accounting ...
... Integrated statistical framework for accounting for ecosystem assets and associated services (provisioning, regulating and cultural services) Important first step in development of statistical framework for ecosystem accounting ...
