Faculty Research Working Papers Series
... consequence of re-allocation of resources from low-productivity (agriculture) to higher productivity (manufacturing and services) or was there a trend improvement in the performance of individual sectors? There has been a substantial structural change in the composition of the labor force employed i ...
... consequence of re-allocation of resources from low-productivity (agriculture) to higher productivity (manufacturing and services) or was there a trend improvement in the performance of individual sectors? There has been a substantial structural change in the composition of the labor force employed i ...
Sri Lanka is a small island , about 270 miles long and 150 miles as
... mild liberalisaion attempts during 1968-1970 but the period from 1970 to 1977 saw further direct government intervention in the economy. It was expected that the growth of import substituting industries would reduce the country’s dependence on imports. While consumer goods imports were reduced, ther ...
... mild liberalisaion attempts during 1968-1970 but the period from 1970 to 1977 saw further direct government intervention in the economy. It was expected that the growth of import substituting industries would reduce the country’s dependence on imports. While consumer goods imports were reduced, ther ...
Final Thoughts - The University of Chicago Booth School of Business
... Price changes: With a price change in one country, both the supply and the demand for a currency will be affected. Let us illustrate with an example. Suppose that prices in the US rise (P goes up – where P is price level of all goods in the economy). This means US goods become more expensive (foreig ...
... Price changes: With a price change in one country, both the supply and the demand for a currency will be affected. Let us illustrate with an example. Suppose that prices in the US rise (P goes up – where P is price level of all goods in the economy). This means US goods become more expensive (foreig ...
Labour Demand: the Jobs of the Future
... Strong employment gains in primary and domestic-oriented* sectors, driven by resource-boom and gains in terms of trade and national income Declining trend in manufacturing employment brought by adjustments to higher dollar, higher energy costs and increased competition from low-cost countries Cu ...
... Strong employment gains in primary and domestic-oriented* sectors, driven by resource-boom and gains in terms of trade and national income Declining trend in manufacturing employment brought by adjustments to higher dollar, higher energy costs and increased competition from low-cost countries Cu ...
Impact of the CAP Reforms on the U.S. – EU Cereal Trade Sector
... both due to removal of production refunds and decreased domestic prices U.S. exports show substantial increase since the ratio of U.S. exports to total exports to EU was significant in most cases. Price elasticities of demand indicate the degree to which consumers will increase their purchases in re ...
... both due to removal of production refunds and decreased domestic prices U.S. exports show substantial increase since the ratio of U.S. exports to total exports to EU was significant in most cases. Price elasticities of demand indicate the degree to which consumers will increase their purchases in re ...
34 BENDE BRUYN
... Slower growth in China is having a negative impact on other economies in the subregion. However, there are far greater long-run potential benefits if the slowdown is resulting from the process to rebalance the economy. By reducing the economy’s dependence on exports, efforts will be made to spur mor ...
... Slower growth in China is having a negative impact on other economies in the subregion. However, there are far greater long-run potential benefits if the slowdown is resulting from the process to rebalance the economy. By reducing the economy’s dependence on exports, efforts will be made to spur mor ...
Word - The Open University
... rise of electricity and the internal-combustion engine allowed the factory system to emerge, which radically changed the organisation of work. The factory system, used first for the production of cotton but then extended to other industries, created a new, unified system of production which replaced ...
... rise of electricity and the internal-combustion engine allowed the factory system to emerge, which radically changed the organisation of work. The factory system, used first for the production of cotton but then extended to other industries, created a new, unified system of production which replaced ...
Экономическое развитие, глобализация, и
... – WTO membership (both countries in, only one country in) – Member of common PTA ...
... – WTO membership (both countries in, only one country in) – Member of common PTA ...
Explaining Modern Growth - uc
... Efficiency gains can also come from better allocation of resources within the economy. The transfer of workers from low paid agricultural jobs to high paid industrial jobs, or the transfer of capital from low rate of return areas to high return areas. Efficiency gains can also come from better lega ...
... Efficiency gains can also come from better allocation of resources within the economy. The transfer of workers from low paid agricultural jobs to high paid industrial jobs, or the transfer of capital from low rate of return areas to high return areas. Efficiency gains can also come from better lega ...
Econ 130
... The Price Stability Goal – Low and stable in‡ation – In‡ation Creates uncertainty and di¢ culty in planning for future Lowers economic growth Strains social fabric: Con‡ict might result, because each group in the society may compete with other groups to make sure that its income keeps up with the ri ...
... The Price Stability Goal – Low and stable in‡ation – In‡ation Creates uncertainty and di¢ culty in planning for future Lowers economic growth Strains social fabric: Con‡ict might result, because each group in the society may compete with other groups to make sure that its income keeps up with the ri ...
kadochnikov ge08 6483571 en
... Negative horizontal spillover effects revealed themselves particularly pronounced when assessing FDI influence on the domestic sector in transitional economies of the Central and Eastern Europe (CEE).6 Existence of negative intersectorial FDI spillover effects in the CEE transitional economies can ...
... Negative horizontal spillover effects revealed themselves particularly pronounced when assessing FDI influence on the domestic sector in transitional economies of the Central and Eastern Europe (CEE).6 Existence of negative intersectorial FDI spillover effects in the CEE transitional economies can ...
Market Competitiveness of the Czech Economy in the Era of
... Lee (2010) examine the impact of globalization on the business cycle movement of individual states in the US states with the rest of the country’s economy, using a panel data over the period 1990-2005. His findings showed that global integration, through trade or FDI flows, raises a state economy’s ...
... Lee (2010) examine the impact of globalization on the business cycle movement of individual states in the US states with the rest of the country’s economy, using a panel data over the period 1990-2005. His findings showed that global integration, through trade or FDI flows, raises a state economy’s ...
Chap26
... Actual Price Higher than Expected The short run is a period during which many resource prices remain fixed by contract Since the prices of many resources are fixed for the duration of the contract, firms welcome a price level is higher than expected Their selling price (thus revenue) of their pr ...
... Actual Price Higher than Expected The short run is a period during which many resource prices remain fixed by contract Since the prices of many resources are fixed for the duration of the contract, firms welcome a price level is higher than expected Their selling price (thus revenue) of their pr ...
Globalization—First draft
... system, dating its beginnings to the fall of the Berlin Wall.2 This difference of view is important. Has there been a qualitative threshold change in international economic relations that signifies a new stage in the evolution of the global economy? To answer this question, one would need to look, n ...
... system, dating its beginnings to the fall of the Berlin Wall.2 This difference of view is important. Has there been a qualitative threshold change in international economic relations that signifies a new stage in the evolution of the global economy? To answer this question, one would need to look, n ...
A Cointegration Approach to Estimate Private Investment Demand
... The confirmation of cointegrating vectors shows that private domestic investment, GDP growth rate, external debt servicing, foreign direct investment, inflation rate, and exchange rate move together in the long run. It means all of the explanatory variables affect private domestic investment in Paki ...
... The confirmation of cointegrating vectors shows that private domestic investment, GDP growth rate, external debt servicing, foreign direct investment, inflation rate, and exchange rate move together in the long run. It means all of the explanatory variables affect private domestic investment in Paki ...
The new North-South Divide in Europe – can the European
... income levels relative to the EU as a whole while Spain experienced above average growth. Underlying the growth performance of the CESEE economies was the opportunity which any lower income, lower productivity economy has to benefit from ‘technology’ transfer (the so-called Gerschenkron effect3); in ...
... income levels relative to the EU as a whole while Spain experienced above average growth. Underlying the growth performance of the CESEE economies was the opportunity which any lower income, lower productivity economy has to benefit from ‘technology’ transfer (the so-called Gerschenkron effect3); in ...
General Equilibrium and IS-LM 1. Some points about IS
... • Anything that shifts the saving curve or the investment curve in the saving-investment market, other than changes in Y , shifts the IS curve. • Anything that shifts the investment curve out in the saving-investment market shifts the IS curve out. or up. (Reason: Shifting the investment curve out c ...
... • Anything that shifts the saving curve or the investment curve in the saving-investment market, other than changes in Y , shifts the IS curve. • Anything that shifts the investment curve out in the saving-investment market shifts the IS curve out. or up. (Reason: Shifting the investment curve out c ...
LESSON 2: DEMAND AND SUPPLY
... What have we learned? Model of supply and demand: powerful tool for analysis. How markets work. Supply and demand together determine the prices of the economy’s many different good and services; prices in turn are the signals that guide the allocation of resources. In market economies, prices are th ...
... What have we learned? Model of supply and demand: powerful tool for analysis. How markets work. Supply and demand together determine the prices of the economy’s many different good and services; prices in turn are the signals that guide the allocation of resources. In market economies, prices are th ...
PROD14f_ING
... Equation (7) says that a Paasche productivity index is equal to the labor productivity index or to the GDP index per worker at constant prices when prices are proportional to the labor values. This result shows that the so-called labor productivity reflects changes in efficiency of both the labor s ...
... Equation (7) says that a Paasche productivity index is equal to the labor productivity index or to the GDP index per worker at constant prices when prices are proportional to the labor values. This result shows that the so-called labor productivity reflects changes in efficiency of both the labor s ...
CHAPTER OVERVIEW
... (AE) model can proceed directly from Chapter 9 to this chapter. The previous edition’s presentation of the derivation of aggregate demand from the AE model has been moved to the appendix of the chapter so that instructors can use or ignore this material as warranted. The discussion of “Determinants ...
... (AE) model can proceed directly from Chapter 9 to this chapter. The previous edition’s presentation of the derivation of aggregate demand from the AE model has been moved to the appendix of the chapter so that instructors can use or ignore this material as warranted. The discussion of “Determinants ...
1997-40
... US$2.6 billion. The improvement reflected an even greater improvement in Malaysia’s resource balance, i.e. its balance of trade in goods and services. From a deficit of US$2.4 billion in 1982, the resource balance moved in a consistently favourable manner to reach a surplus of US$4.5 billion in 1987 ...
... US$2.6 billion. The improvement reflected an even greater improvement in Malaysia’s resource balance, i.e. its balance of trade in goods and services. From a deficit of US$2.4 billion in 1982, the resource balance moved in a consistently favourable manner to reach a surplus of US$4.5 billion in 1987 ...
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.