Paper 1 - Cambridge Resources for the IB Diploma
... Examples of goods with price elastic and price inelastic demand. o YED: Theory of YED values in relation to primary products, manufactured goods and services. Theory of YED values in relation to normal and inferior goods. Diagrams showing demand curve shifts for the various cases. Examples ...
... Examples of goods with price elastic and price inelastic demand. o YED: Theory of YED values in relation to primary products, manufactured goods and services. Theory of YED values in relation to normal and inferior goods. Diagrams showing demand curve shifts for the various cases. Examples ...
The Economics of Agricultural Development: An Overview1
... The indirect “Johnston-Mellor linkages” allow input-output interactions between the two sectors so that agriculture can contribute to economic development. These linkages are based on the agricultural sector supplying raw materials to industry, food for industrial workers, markets for industrial out ...
... The indirect “Johnston-Mellor linkages” allow input-output interactions between the two sectors so that agriculture can contribute to economic development. These linkages are based on the agricultural sector supplying raw materials to industry, food for industrial workers, markets for industrial out ...
Document
... Economy 1 has a lower starting capital per worker— k(0)1 < k(0)2—and also has a lower steady-state capital per worker— k*1 (the dashed brown line) is less than k*2 (the dashed blue line). Each capital per worker converges over time toward its own steady-state value: k1 (the red curve) toward k*1 , A ...
... Economy 1 has a lower starting capital per worker— k(0)1 < k(0)2—and also has a lower steady-state capital per worker— k*1 (the dashed brown line) is less than k*2 (the dashed blue line). Each capital per worker converges over time toward its own steady-state value: k1 (the red curve) toward k*1 , A ...
Harmonized approach to the informal economy in different
... Convincing people that they should pay taxes. That it is moral, fair, that paying taxes is not a shame, tax evasion should not be national sport. It is not truth, that nobody pays taxes. See prisoner’s dilemma: if everybody believes that inflation will increase, it will increase, if everybody believ ...
... Convincing people that they should pay taxes. That it is moral, fair, that paying taxes is not a shame, tax evasion should not be national sport. It is not truth, that nobody pays taxes. See prisoner’s dilemma: if everybody believes that inflation will increase, it will increase, if everybody believ ...
the precious metals industry in switzerland`s economy
... gold markets—China, India, Thailand, Vietnam and Indonesia—may be subject to macroeconomic fluctuations, but with improved policy environments it is likely to remain strong in the long term.6 Moreover, gold products are, in economic jargon, “superior goods”—goods whose share in budgets rises with in ...
... gold markets—China, India, Thailand, Vietnam and Indonesia—may be subject to macroeconomic fluctuations, but with improved policy environments it is likely to remain strong in the long term.6 Moreover, gold products are, in economic jargon, “superior goods”—goods whose share in budgets rises with in ...
PDF
... some weighted average between product originating from domestic or foreign sources. After the introduction of country of origin labeling, consumers can make a choice about foreign or domestic products based on differences in the perceived probability of damages. In aggregate such change could not re ...
... some weighted average between product originating from domestic or foreign sources. After the introduction of country of origin labeling, consumers can make a choice about foreign or domestic products based on differences in the perceived probability of damages. In aggregate such change could not re ...
Document
... In our example, the multiplier process started because of an increase in investment The same impact would occur if any one of the components of aggregate expenditures changed Finally, if the higher level of planned investment is not sustained in future years, real GDP would fall back and the multipl ...
... In our example, the multiplier process started because of an increase in investment The same impact would occur if any one of the components of aggregate expenditures changed Finally, if the higher level of planned investment is not sustained in future years, real GDP would fall back and the multipl ...
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... United Kingdom) have been enjoying economic growth for 200 years. The United States started to grow rapidly 150 years ago and overtook Europe in the early 20th century. ...
... United Kingdom) have been enjoying economic growth for 200 years. The United States started to grow rapidly 150 years ago and overtook Europe in the early 20th century. ...
INVESTMENT LED GROWTH IN INDIA: HINDU FACT OR
... contribution of capital growth as disappointing, and suggest that it has been a constraint on growth. This view is reiterated in Bosworth and Collins (2008) where the authors compare India, East Asia and China. They argue also that reforms to the business environment are needed to improve investment ...
... contribution of capital growth as disappointing, and suggest that it has been a constraint on growth. This view is reiterated in Bosworth and Collins (2008) where the authors compare India, East Asia and China. They argue also that reforms to the business environment are needed to improve investment ...
Module 22 Saving and Investment
... • The US receives inflows of funds--foreign savings that finance Investment spending • The US also generates outflows of funds-US savings that finance foreign Investment spending ...
... • The US receives inflows of funds--foreign savings that finance Investment spending • The US also generates outflows of funds-US savings that finance foreign Investment spending ...
The Secret of China`s Success
... party or State), but which mimicked the supply-demand price adjustment of the competitive market economy. Aba Lerner, Lange and others then debated this issue during the 1930s. The key element that is common to ‘market socialism’ a la Lange and Lerner and ‘Socialism’ (a la Lenin and Stalin) is socia ...
... party or State), but which mimicked the supply-demand price adjustment of the competitive market economy. Aba Lerner, Lange and others then debated this issue during the 1930s. The key element that is common to ‘market socialism’ a la Lange and Lerner and ‘Socialism’ (a la Lenin and Stalin) is socia ...
Saving, Investment, and the Financial System
... income in the economy after paying for consumption and government purchases and is called national saving, or just saving (S). ...
... income in the economy after paying for consumption and government purchases and is called national saving, or just saving (S). ...
Bulgaria and Romania
... This publication is neither a marketing communication nor a financial analysis. It contains information on general economic data, real estate market data and related assessments of real estate market developments. Despite careful research and the use of reliable sources, we cannot assume any respons ...
... This publication is neither a marketing communication nor a financial analysis. It contains information on general economic data, real estate market data and related assessments of real estate market developments. Despite careful research and the use of reliable sources, we cannot assume any respons ...
Botswana: A Diamond in the Rough
... • Economy, exports, public finances extremely dependent on one good • Decreases incentives to invest and to manage resources prudently • Dutch disease – forex, exchange rates and manufacturing • Patrimony – cf for later sessions!! ...
... • Economy, exports, public finances extremely dependent on one good • Decreases incentives to invest and to manage resources prudently • Dutch disease – forex, exchange rates and manufacturing • Patrimony – cf for later sessions!! ...
NBER WORKING PAPER SERIES BUSINESS CYCLES, CONSUMPTION AND RISK-SHARING: Chadwick C. Curtis
... virtue of China's 1.3 billion people it’s economy is large in an absolute terms and is poised to overtake Japan as the world's second largest. Its sustained growth in real per capita GDP, at an average of 8.6 percent from 1978-2007, is high by any standard.2 While there has been a good deal of econo ...
... virtue of China's 1.3 billion people it’s economy is large in an absolute terms and is poised to overtake Japan as the world's second largest. Its sustained growth in real per capita GDP, at an average of 8.6 percent from 1978-2007, is high by any standard.2 While there has been a good deal of econo ...
Economic Development and Family Structure: from Pater Familias to
... diminished status of the elderly. Moreover, a contribution of our analysis is to provide a suitable analytical framework to assess the relative role of economic and cultural factors in causing the shift in intergenerational living arrangements. To this end, we build an overlapping generation model ...
... diminished status of the elderly. Moreover, a contribution of our analysis is to provide a suitable analytical framework to assess the relative role of economic and cultural factors in causing the shift in intergenerational living arrangements. To this end, we build an overlapping generation model ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... rate regime of a preannounced crawling peg. I do not address floating exchange rates because financial institutions in most LDCs are insufficiently developed to make that a viable policy option. Nor do I discuss the interesting question of which “basket” to peg a country’s exchange rate to if that c ...
... rate regime of a preannounced crawling peg. I do not address floating exchange rates because financial institutions in most LDCs are insufficiently developed to make that a viable policy option. Nor do I discuss the interesting question of which “basket” to peg a country’s exchange rate to if that c ...
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
... While these demand side factors have undoubtedly played a central role, it is unlikely that they alone can account for the extraordinarily sluggish movement of the economy back to the pre-crisis trend. This has led a number of authors to explore the contribution of supply-side factors. Both Hall (20 ...
... While these demand side factors have undoubtedly played a central role, it is unlikely that they alone can account for the extraordinarily sluggish movement of the economy back to the pre-crisis trend. This has led a number of authors to explore the contribution of supply-side factors. Both Hall (20 ...
Exploring the Philippine Economic Landscape and Structural
... change in the rest of the economy will affect a sector. If it is greater than one, then a unit increase in the final demand of the other sectors will have a larger impact on the output requirement of the key sector compared to the rest of the economy. The backward linkage index measures the extent b ...
... change in the rest of the economy will affect a sector. If it is greater than one, then a unit increase in the final demand of the other sectors will have a larger impact on the output requirement of the key sector compared to the rest of the economy. The backward linkage index measures the extent b ...
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.