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The Effects of Natural Disasters on Long Run Growth Aaron Popp
... Substitution away from physical capital accumulation may have a net positive effect on human capital accumulation despite the factors discussed above. Since the risk to physical capital increases because of natural disasters, investment in human capital becomes relatively more attractive. People and ...
... Substitution away from physical capital accumulation may have a net positive effect on human capital accumulation despite the factors discussed above. Since the risk to physical capital increases because of natural disasters, investment in human capital becomes relatively more attractive. People and ...
Region of Peel Economic Study: Water and Wastewater
... of production and transportation of the region’s goods and services. The analysis contained in this report is focused upon the post 2031 economic impact of different levels of new water and wastewater investment on the Peel region, Ontario and Canadian economies as measured in ter ...
... of production and transportation of the region’s goods and services. The analysis contained in this report is focused upon the post 2031 economic impact of different levels of new water and wastewater investment on the Peel region, Ontario and Canadian economies as measured in ter ...
Australian Industry Report, 2014 - Department of Industry, Innovation
... The makeup and structure of the Australian economy is neither a product of design, nor historical accident. Rather, it reflects decades of economic and demographic pressures and the response to those pressures by Australian businesses, investors and workers – and by government. Major technological i ...
... The makeup and structure of the Australian economy is neither a product of design, nor historical accident. Rather, it reflects decades of economic and demographic pressures and the response to those pressures by Australian businesses, investors and workers – and by government. Major technological i ...
European Economic Forecast Spring 2014
... fronts at national and EU levels. Recent structural reforms have increased the adaptability of labour and product markets in a number of Member States. Even so, important adjustment challenges remain: recordhigh unemployment, concerns about a fair distribution of the adjustment costs, as well as a p ...
... fronts at national and EU levels. Recent structural reforms have increased the adaptability of labour and product markets in a number of Member States. Even so, important adjustment challenges remain: recordhigh unemployment, concerns about a fair distribution of the adjustment costs, as well as a p ...
Chapter 7 File
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
PDF
... supply of higher-order goods and services. As suggested by firm location theory, many periphery regions specialize in the production of goods in which they have a competitive advantage. Competitive advantage may be due to local natural resources or to inexpensive labor used in routine low-tech manuf ...
... supply of higher-order goods and services. As suggested by firm location theory, many periphery regions specialize in the production of goods in which they have a competitive advantage. Competitive advantage may be due to local natural resources or to inexpensive labor used in routine low-tech manuf ...
Foreign Direct Investment
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
chap007 - Homework Market
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
... between FDI and rivalry in oligopolistic industries (industries composed of a limited number of large firms) Knickerbocker suggested that FDI flows are a reflection of strategic rivalry between firms in the global marketplace This theory can be extended to embrace the concept of multipoint compe ...
3 Methodology for measuring the impact of
... of living index. The Household Subsistence Level (HSL) and the Household Effective Level (HEL) were developed by Potgieter (1980). Potgieter (1980:4) defines the HSL as an estimate of the theoretical income needed by an individual household to maintain a defined minimum level of health and decency i ...
... of living index. The Household Subsistence Level (HSL) and the Household Effective Level (HEL) were developed by Potgieter (1980). Potgieter (1980:4) defines the HSL as an estimate of the theoretical income needed by an individual household to maintain a defined minimum level of health and decency i ...
Firm Dynamics, Persistent Effects of Entry Conditions, and Business
... environment where exogenous aggregate shocks affect the profitability of businesses. The model features an endogenous productivity distribution of entrants: potential entrants receive a signal about their idiosyncratic productivity and decide whether to enter the market based on the current state of ...
... environment where exogenous aggregate shocks affect the profitability of businesses. The model features an endogenous productivity distribution of entrants: potential entrants receive a signal about their idiosyncratic productivity and decide whether to enter the market based on the current state of ...
the aggregate market
... How only government purchases of final goods and services qualify as expenditures for aggregate demand. Net exports, which are exports minus imports. Net exports represent the net expenditures of the foreign sector on our domestically produced final goods and services. ...
... How only government purchases of final goods and services qualify as expenditures for aggregate demand. Net exports, which are exports minus imports. Net exports represent the net expenditures of the foreign sector on our domestically produced final goods and services. ...
Economics and the 2008 crisis: a Keynesian view
... In the sections which follow, you will be introduced to some simple equations. Don’t panic! Wherever they are used, we teach you step by step how to read them. A general point to be aware of is that where one term is multiplied by another we will follow standard maths notation and leave out the mult ...
... In the sections which follow, you will be introduced to some simple equations. Don’t panic! Wherever they are used, we teach you step by step how to read them. A general point to be aware of is that where one term is multiplied by another we will follow standard maths notation and leave out the mult ...
World of Work Report 2012
... around 50 million jobs in comparison to the pre-crisis situation (Chapter 1). It is unlikely that the world economy will grow at a sufficient pace over the next couple of years to both close the existing jobs deficit and provide employment for the over 80 million people expected to enter the labour ...
... around 50 million jobs in comparison to the pre-crisis situation (Chapter 1). It is unlikely that the world economy will grow at a sufficient pace over the next couple of years to both close the existing jobs deficit and provide employment for the over 80 million people expected to enter the labour ...
Growing like Spain: 1995-2007
... The 1994-2007 expansion was the longest in Spanish history. GDP grew at an average of 3.5% per year, which compares favourably to the EU average of 2.2% over the same period. However, Spanish growth during this expansion was based on factor accumulation rather than productivity gains. In particular, ...
... The 1994-2007 expansion was the longest in Spanish history. GDP grew at an average of 3.5% per year, which compares favourably to the EU average of 2.2% over the same period. However, Spanish growth during this expansion was based on factor accumulation rather than productivity gains. In particular, ...
Economics and Political Economy
... Journal of Economics and Political Economy create an environment conducive to rapid economic growth (Fischer, 1993). Unsurprisingly, high inflation is believed to be detrimental to medium and long-run economic growth (Rutayasire, 2013) and therefore policy makers should aim for low rates of inflati ...
... Journal of Economics and Political Economy create an environment conducive to rapid economic growth (Fischer, 1993). Unsurprisingly, high inflation is believed to be detrimental to medium and long-run economic growth (Rutayasire, 2013) and therefore policy makers should aim for low rates of inflati ...
Economic value of the legal services sector
... to regulating education and training for solicitors. The combined approaches taken in the report provide a unique evidence base about the value of the UK Legal services sector and, by inference, the role that solicitors, as the largest group of providers within the sector, and other lawyers play in ...
... to regulating education and training for solicitors. The combined approaches taken in the report provide a unique evidence base about the value of the UK Legal services sector and, by inference, the role that solicitors, as the largest group of providers within the sector, and other lawyers play in ...
PDF
... catch and the revenue curves will have a similar quadratic shape, and the cost curve will be linear (Figure 1). Given this model, MEY can be defined as the combination of effort (EMEY) and output (MEY=RMEY/price) that maximised the difference between the revenue and cost curves, and is identified as ...
... catch and the revenue curves will have a similar quadratic shape, and the cost curve will be linear (Figure 1). Given this model, MEY can be defined as the combination of effort (EMEY) and output (MEY=RMEY/price) that maximised the difference between the revenue and cost curves, and is identified as ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.