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Achieving Capital Account Convertibility in China
... Both optimists and pessimists agree that further reforms are necessary to sustain China’s rapid economic growth. There is also a consensus on some necessary reforms, such as strengthening the ability to innovate, further liberalizing the markets, maintaining macroeconomic stability and improving ex ...
... Both optimists and pessimists agree that further reforms are necessary to sustain China’s rapid economic growth. There is also a consensus on some necessary reforms, such as strengthening the ability to innovate, further liberalizing the markets, maintaining macroeconomic stability and improving ex ...
Growth, Trade, and Urban Development of Staple Regions
... or less dependent on trade? Will the regional economy tend to become more or less dependent upon the staple export? In the absence of deliberate government policy, how will the structure of a staples region change over time? And, finally, how can we characterize the change from one "stage" of develo ...
... or less dependent on trade? Will the regional economy tend to become more or less dependent upon the staple export? In the absence of deliberate government policy, how will the structure of a staples region change over time? And, finally, how can we characterize the change from one "stage" of develo ...
Pit of Consumption PPT - Mrs. Ennis AP ECONOMICS
... • Permanent Income Hypothesis: • Average Lifetime Income • Consumption only goes up if the average lifetime income goes up • A little change (or assumed temporary change) results in the same amount of consumption and saving the rest ...
... • Permanent Income Hypothesis: • Average Lifetime Income • Consumption only goes up if the average lifetime income goes up • A little change (or assumed temporary change) results in the same amount of consumption and saving the rest ...
Global rebalancing: Effects on trade flows and employment
... associated with a low national savings rate and a continuously rising share of private consumption in GDP, while along with China’s current-account surplus there has been a very high national savings rate and a very low share of household consumption in GDP. However, the external position of neither ...
... associated with a low national savings rate and a continuously rising share of private consumption in GDP, while along with China’s current-account surplus there has been a very high national savings rate and a very low share of household consumption in GDP. However, the external position of neither ...
FHWA Forecasts of Vehicle Miles Traveled (VMT): May 2014
... outlook from IHS’ April 2014 forecast. This alternative outlook predicts weaker growth in productivity, labor force participation, and business investment, and together with higher interest rates and more rapid price inflation these developments produce sluggish economic growth over most of the 30-y ...
... outlook from IHS’ April 2014 forecast. This alternative outlook predicts weaker growth in productivity, labor force participation, and business investment, and together with higher interest rates and more rapid price inflation these developments produce sluggish economic growth over most of the 30-y ...
Agri-business Research and Development
... many small towns and prairie economies, but it also presents an opportunity. While many macro-factors in the industry, such as climate and forces of global supply and demand are outside of the province’s control, what Alberta can do is work to optimize productivity in the sector. A focus on producti ...
... many small towns and prairie economies, but it also presents an opportunity. While many macro-factors in the industry, such as climate and forces of global supply and demand are outside of the province’s control, what Alberta can do is work to optimize productivity in the sector. A focus on producti ...
Chapter 13
... • An end to growth in living standards • Convergence of living standards between rich and poor countries – but only if they have the same production functions and the same rates of saving and long-run labour force growth • Poor countries will grow faster than those richer countries which have reache ...
... • An end to growth in living standards • Convergence of living standards between rich and poor countries – but only if they have the same production functions and the same rates of saving and long-run labour force growth • Poor countries will grow faster than those richer countries which have reache ...
4 ∆ C ÷ ∆ DI = 4 Government multiplier 2.5 X $ 200 = $ 500
... Draw a new SRAS or AD curve that represents the change based on the situation described below . Also , explain the reasons for the change in the graph , and then explain what happens in the long run if no stabilization policy is implemented . The government increases spending on education , health c ...
... Draw a new SRAS or AD curve that represents the change based on the situation described below . Also , explain the reasons for the change in the graph , and then explain what happens in the long run if no stabilization policy is implemented . The government increases spending on education , health c ...
Aggregate Demand and Aggregate Supply
... When recessions occur, real GDP and other measures of income, spending, and production fall, and unemployment rises. Economists analyze short-run economic fluctuations using the aggregate demand and aggregate supply model. According to the model of aggregate demand and aggregate supply, the ou ...
... When recessions occur, real GDP and other measures of income, spending, and production fall, and unemployment rises. Economists analyze short-run economic fluctuations using the aggregate demand and aggregate supply model. According to the model of aggregate demand and aggregate supply, the ou ...
Growth constraints for South Africa
... productivity responses to openness in this setting. The debate about the East Asia experience has constructed a horserace between capital accumulation and productivity growth. Hulten (2001) argues that productivity improvements contribute to higher capital accumulation and shows how this induced cap ...
... productivity responses to openness in this setting. The debate about the East Asia experience has constructed a horserace between capital accumulation and productivity growth. Hulten (2001) argues that productivity improvements contribute to higher capital accumulation and shows how this induced cap ...
Ireland’s Medium-Term Growth Prospects: a Phoenix Rising? Nicholas Crafts
... To apply the above models to Ireland, it is important to recognize the implications of its high degree of openness, especially with regard to factor flows. In the neoclassical case, the transitory growth impact of an increase in investment will be stronger and of longer duration because the endogene ...
... To apply the above models to Ireland, it is important to recognize the implications of its high degree of openness, especially with regard to factor flows. In the neoclassical case, the transitory growth impact of an increase in investment will be stronger and of longer duration because the endogene ...
Real Interest Rate
... (67%) 16. Which of the following best explains why transfer payments are not included in the calculation of GDP? a. Transfer payments are used to pay for intermediate goods. b. Transfer payments are a government expenditure, and government expenditures are excluded from GDP. c. Recipients of transfe ...
... (67%) 16. Which of the following best explains why transfer payments are not included in the calculation of GDP? a. Transfer payments are used to pay for intermediate goods. b. Transfer payments are a government expenditure, and government expenditures are excluded from GDP. c. Recipients of transfe ...
Structural adjustment in New Zealand since the commodity boom AN 2014/2
... aggregate demand (often referred to as spending effects). Some of the additional aggregate demand will be met through higher imports, and some portion of the higher incomes from commodity exporting activities will be spent on non-tradable goods. The latter improves profitability in the non-traded se ...
... aggregate demand (often referred to as spending effects). Some of the additional aggregate demand will be met through higher imports, and some portion of the higher incomes from commodity exporting activities will be spent on non-tradable goods. The latter improves profitability in the non-traded se ...
An alternative approach to measuring the output gap
... function containing consumption and leisure. A decision between immediate consumption and consumption in the future, i.e. savings, is subject to budget constraints. A decision whether to work or enjoy free time depends on the amount of real wage. Firms produce a differentiated product by production ...
... function containing consumption and leisure. A decision between immediate consumption and consumption in the future, i.e. savings, is subject to budget constraints. A decision whether to work or enjoy free time depends on the amount of real wage. Firms produce a differentiated product by production ...
MPDD W P
... lowest to the second highest, while the other 3 countries have fluctuated between 5 to 10 per cent bands. Thus among the demand components, while consumption ratios and GFCF have been steady, G has shown restrained fluctuations. Since output levels and growth rates have fluctuated, demand components ...
... lowest to the second highest, while the other 3 countries have fluctuated between 5 to 10 per cent bands. Thus among the demand components, while consumption ratios and GFCF have been steady, G has shown restrained fluctuations. Since output levels and growth rates have fluctuated, demand components ...
New York–New Jersey Job Expansion to Moderate in 2001
... Computer services in 2001 should again provide a boost to the city’s job growth. Even in the current environment of slowly decelerating economic activity, the demand for high value-added workers in this industry appears to be growing. Much of this demand comes from firms seeking to expand their busi ...
... Computer services in 2001 should again provide a boost to the city’s job growth. Even in the current environment of slowly decelerating economic activity, the demand for high value-added workers in this industry appears to be growing. Much of this demand comes from firms seeking to expand their busi ...
Economics 2015
... It was modelled on the highly successful route between Gauteng and Mpumalanga in South Africa and the port of Maputo in Mozambique. A strong local, regional and international investment profile continues to respond to the improving logistics and policy environment created by the participating govern ...
... It was modelled on the highly successful route between Gauteng and Mpumalanga in South Africa and the port of Maputo in Mozambique. A strong local, regional and international investment profile continues to respond to the improving logistics and policy environment created by the participating govern ...
ch 11 end of chapter answers
... increase in income, the government would have to increase spending by $667 or decrease taxes by $1,000. c. If the mpe is .5, then the multiplier is 2.0, which means that to generate a $2,000 increase in income, the government would have to increase spending by $1,000 or decrease taxes by $2,000. 18. ...
... increase in income, the government would have to increase spending by $667 or decrease taxes by $1,000. c. If the mpe is .5, then the multiplier is 2.0, which means that to generate a $2,000 increase in income, the government would have to increase spending by $1,000 or decrease taxes by $2,000. 18. ...
Growth, Trade, and Inequality
... technologies and others simpler technologies. There is free entry in both sectors of the economy. Expected returns are zero, although the lucky entrepreneurs (those that draw above average research ideas) and the lucky manufacturers (those that draw above average production technologies) earn positi ...
... technologies and others simpler technologies. There is free entry in both sectors of the economy. Expected returns are zero, although the lucky entrepreneurs (those that draw above average research ideas) and the lucky manufacturers (those that draw above average production technologies) earn positi ...
Say`s Law - Grove City College
... about a better understanding of the law itself. “One can only buy with what one has produced,” so an individual can only buy out of his own income. “The one product constitutes the means of purchasing another” meaning that one buys with money’s worth, not with money. “A product created offers, from ...
... about a better understanding of the law itself. “One can only buy with what one has produced,” so an individual can only buy out of his own income. “The one product constitutes the means of purchasing another” meaning that one buys with money’s worth, not with money. “A product created offers, from ...
Chapter 26
... a. Incorrect. The belief that the velocity of money is not constant but highly predictable is associated with the monetarist school. b. Incorrect. The belief that the velocity of money is not constant but highly predictable is associated with the monetarist school. c. Incorrect. The belief that the ...
... a. Incorrect. The belief that the velocity of money is not constant but highly predictable is associated with the monetarist school. b. Incorrect. The belief that the velocity of money is not constant but highly predictable is associated with the monetarist school. c. Incorrect. The belief that the ...
BPfG Taxation Committee Presentation 14May15
... BUDGET FOR NEVADA State Controller Ron Knecht, Assemblyman Jim Wheeler and Assistant Controller Geoffrey Lawrence Presentation 14 May 2015 to Nevada Assembly Taxation Committee – Room 4100, Nevada Legislature ...
... BUDGET FOR NEVADA State Controller Ron Knecht, Assemblyman Jim Wheeler and Assistant Controller Geoffrey Lawrence Presentation 14 May 2015 to Nevada Assembly Taxation Committee – Room 4100, Nevada Legislature ...
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.