Transition Dynamics in Vintage Capital Models: Japan
... experienced by Germany and Japan during both the prewar military build-up and the war itself contributed to the slow diffusion of new technologies. Ohkawa and Rosovsky (1968, p.42) summarize the situation in Japan as follows: The war and its aftermath produced a long interruption of normal Japanese ...
... experienced by Germany and Japan during both the prewar military build-up and the war itself contributed to the slow diffusion of new technologies. Ohkawa and Rosovsky (1968, p.42) summarize the situation in Japan as follows: The war and its aftermath produced a long interruption of normal Japanese ...
CHAPTER 7_20e
... • Gross Domestic Product (GDP) -Total value of final goods and services produced in a country in a given year. (Aggregate Output) • As long as a company is within a country’s border, their numbers go into the country’s GDP (even if they are foreign-owned). ...
... • Gross Domestic Product (GDP) -Total value of final goods and services produced in a country in a given year. (Aggregate Output) • As long as a company is within a country’s border, their numbers go into the country’s GDP (even if they are foreign-owned). ...
NBER WORXING PAPER SERIES RUN GROWTH LONG RUN POLICY ANALYSIS AND Sergio Rebelo
... sector and leads to a permonent decline in the rate of capital accumulation and in the rate of growth. The class of economies that we propose in this paper shares with Romer's (1986) model the property that growth Is endogenous in the sense that it occurs In the absence of exogenous Increases in pro ...
... sector and leads to a permonent decline in the rate of capital accumulation and in the rate of growth. The class of economies that we propose in this paper shares with Romer's (1986) model the property that growth Is endogenous in the sense that it occurs In the absence of exogenous Increases in pro ...
The Firm`s Output Decision
... Output, Price, and Profit in the Short Run Profits and Losses in the Short Run Maximum profit is not always a positive economic profit. To determine whether a firm is making an economic profit or incurring an economic loss, we compare the firm’s average total cost at the profit-maximizing output wi ...
... Output, Price, and Profit in the Short Run Profits and Losses in the Short Run Maximum profit is not always a positive economic profit. To determine whether a firm is making an economic profit or incurring an economic loss, we compare the firm’s average total cost at the profit-maximizing output wi ...
Introduction to Business - Reading Community Schools
... When wages go up, producers raise prices again to pay for the higher wages, and so on. This situation can spiral out of control and lead to hyperinflation. ...
... When wages go up, producers raise prices again to pay for the higher wages, and so on. This situation can spiral out of control and lead to hyperinflation. ...
dasgupta
... Dasgupta points out on more than one occasion Gandhi's insistence that ethical preferences and actions be sound economically. Still, as Dasgupta writes (p.7), "Gandhi's approach to economics was explicitly based on ethical considerations." Gandhi held non-violence, truth and the value and dignity of ...
... Dasgupta points out on more than one occasion Gandhi's insistence that ethical preferences and actions be sound economically. Still, as Dasgupta writes (p.7), "Gandhi's approach to economics was explicitly based on ethical considerations." Gandhi held non-violence, truth and the value and dignity of ...
ENTREPRENEURSHIP AND UNEMPLOYMENT IN THE UK
... Thurik, 2000). It is possible to achieve rising employment while maintaining an adequate social safety net. The key to breaking out of the perceived trade-off between wages and jobs is to understand how the combined effect of globalisation and the communications revolution has fundamentally shifted ...
... Thurik, 2000). It is possible to achieve rising employment while maintaining an adequate social safety net. The key to breaking out of the perceived trade-off between wages and jobs is to understand how the combined effect of globalisation and the communications revolution has fundamentally shifted ...
English - African Centre for Statistics
... System of National Accounts The national accounts support macroeconomic and sectoral policies including those related to • employment, ...
... System of National Accounts The national accounts support macroeconomic and sectoral policies including those related to • employment, ...
NBER WORKING PAPER SERIES ACCCUMULATION MODEL: A SIMULATION APPROACH David Lipton
... aspects of the adjustment problems that we treat. Obstfeld [14] presents a model of infinitely lived, optimizing households, such as ours, but he does not treat at all the issues of investment and growth. ...
... aspects of the adjustment problems that we treat. Obstfeld [14] presents a model of infinitely lived, optimizing households, such as ours, but he does not treat at all the issues of investment and growth. ...
Trabajo presentado
... on resource-extractive goods trends over time according to an evolving margin that sets rising amenity values, as consumers acquire more effective leisure with economic growth, against a rising value of resources devoted to production, as the output potential associated with a given level of extracti ...
... on resource-extractive goods trends over time according to an evolving margin that sets rising amenity values, as consumers acquire more effective leisure with economic growth, against a rising value of resources devoted to production, as the output potential associated with a given level of extracti ...
NBER WORKING PAPER SERIES INTERNATIONAL BORROWING TO FINANCE INVESTMENT Working Paper No. 1865
... University of Virginia for useful comments. The research reported here is part of the NBER's research program in International Studies. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. ...
... University of Virginia for useful comments. The research reported here is part of the NBER's research program in International Studies. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. ...
PDF, 943KB - Monetary Authority of Singapore
... have facilitated the robust growth of firms in frontier IT, healthcare and lifestyle industries. In contrast, firms that have faced greater difficulties in adapting to technological disruption or changing demand patterns have experienced downward pressure on their profit margins. Alongside these dev ...
... have facilitated the robust growth of firms in frontier IT, healthcare and lifestyle industries. In contrast, firms that have faced greater difficulties in adapting to technological disruption or changing demand patterns have experienced downward pressure on their profit margins. Alongside these dev ...
Introduction to economic anlysis
... price received by the sellers, and the quantity sold when compared to the market equilibrium before the tax? b) Now suppose that the tax, instead of being collected from the sellers, is collected from the buyers. After the tax, what has happened to the price paid by the buyers, the price received by ...
... price received by the sellers, and the quantity sold when compared to the market equilibrium before the tax? b) Now suppose that the tax, instead of being collected from the sellers, is collected from the buyers. After the tax, what has happened to the price paid by the buyers, the price received by ...
A Socialist Market Economy in North Korea? Systemic Restrictions
... are controlled by the state, and competition is excluded per se, since it is assumed that on the domestic level, class antagonism has been overcome and therefore cooperative relations within the society are the rule. However, even in a socialist economy, prices need to be set in a manner that at lea ...
... are controlled by the state, and competition is excluded per se, since it is assumed that on the domestic level, class antagonism has been overcome and therefore cooperative relations within the society are the rule. However, even in a socialist economy, prices need to be set in a manner that at lea ...
PDF
... Two types of models are used for this type of analysis: partial equilibrium (PE) and computable general equilibrium models (CGE). Partial equilibrium models are used when the analysis is not extended to the entire economy, but focuses on changes in speci…c markets after a policy change, or a shock. ...
... Two types of models are used for this type of analysis: partial equilibrium (PE) and computable general equilibrium models (CGE). Partial equilibrium models are used when the analysis is not extended to the entire economy, but focuses on changes in speci…c markets after a policy change, or a shock. ...
contemporary economic growth models and theories
... discoveries and technological improvements in existing land fertility (Lavrov and Kapoguzov, 2006). The main driving force behind increased productivity by Smith was the division of labor and improvement of technology. Smith saw competition at the heart of economic sector and the national economy as ...
... discoveries and technological improvements in existing land fertility (Lavrov and Kapoguzov, 2006). The main driving force behind increased productivity by Smith was the division of labor and improvement of technology. Smith saw competition at the heart of economic sector and the national economy as ...
Long-Term Growth of the US Economy
... current income in the accumulation of physical and human capital and have and continue to accumulate large stocks of both. As importantly, they are also economies that have been able to steadily raise the productivity of these two inputs through a steady advance of technical knowledge. There are rea ...
... current income in the accumulation of physical and human capital and have and continue to accumulate large stocks of both. As importantly, they are also economies that have been able to steadily raise the productivity of these two inputs through a steady advance of technical knowledge. There are rea ...