1 - World bank documents
... on the other hand, lead inescapably to the conclusion that integration is bad for poor countries and that therefore trade and other flows should be more restricted. The main goal of this essay is to document what we know about trends in global inequality and poverty, over the long term and during th ...
... on the other hand, lead inescapably to the conclusion that integration is bad for poor countries and that therefore trade and other flows should be more restricted. The main goal of this essay is to document what we know about trends in global inequality and poverty, over the long term and during th ...
Welfare-increasing third-degree price discrimination
... proved that if demand functions are linear and all markets are served with positive quantities at the uniform price then a move to discriminatory prices keeps total output constant. Output is allocated to maximize pro…ts, with marginal revenues being equalized across markets and set equal to margin ...
... proved that if demand functions are linear and all markets are served with positive quantities at the uniform price then a move to discriminatory prices keeps total output constant. Output is allocated to maximize pro…ts, with marginal revenues being equalized across markets and set equal to margin ...
77 II. Economic performance of the developing countries of the... Table 10a. Sri Lanka. Resources balance, 1974-1979
... In preparing the report, results were available of various projections made at the global or regional level by the Secretariat of the United Nations, including ESCAP, and by specialized agencies. Limited use has been made of a normative scenario envisaging the doubling of per capita incomes in the l ...
... In preparing the report, results were available of various projections made at the global or regional level by the Secretariat of the United Nations, including ESCAP, and by specialized agencies. Limited use has been made of a normative scenario envisaging the doubling of per capita incomes in the l ...
PPT
... by increasing the quantity of money, a process of cost-push inflation continues. © 2016 Pearson Addison-Wesley ...
... by increasing the quantity of money, a process of cost-push inflation continues. © 2016 Pearson Addison-Wesley ...
THE RESOURCE CURSE IN SUB-SAHARAN AFRICA: A REALITY
... environment that are both scarce and economically useful in production or consumption, either in their raw state or after a minimal amount of processing" (WTO, 2010). The most common example of non-renewable resources are fossil fuels and mineral coats. While there are many resources that can be cla ...
... environment that are both scarce and economically useful in production or consumption, either in their raw state or after a minimal amount of processing" (WTO, 2010). The most common example of non-renewable resources are fossil fuels and mineral coats. While there are many resources that can be cla ...
Macroeconomics - WordPress.com
... demand-pull inflation Inflation that is initiated by an increase in aggregate demand. If the economy is operating on the steep portion of the AS curve at the time of the increase in aggregate demand, most of the effect will be an increase in the price level instead of an increase in output. If the e ...
... demand-pull inflation Inflation that is initiated by an increase in aggregate demand. If the economy is operating on the steep portion of the AS curve at the time of the increase in aggregate demand, most of the effect will be an increase in the price level instead of an increase in output. If the e ...
THE RESOURCE CURSE IN SUB-SAHARAN AFRICA: A REALITY
... environment that are both scarce and economically useful in production or consumption, either in their raw state or after a minimal amount of processing" (WTO, 2010). The most common example of non-renewable resources are fossil fuels and mineral coats. While there are many resources that can be cla ...
... environment that are both scarce and economically useful in production or consumption, either in their raw state or after a minimal amount of processing" (WTO, 2010). The most common example of non-renewable resources are fossil fuels and mineral coats. While there are many resources that can be cla ...
Chapter 22
... • Theory was resurrected and refined by modern monetarists and new classical macroeconomics beginning in the 1970s • The starting point of classical theory is what determines gross domestic product (GDP)—total value of goods and services produced domestically ...
... • Theory was resurrected and refined by modern monetarists and new classical macroeconomics beginning in the 1970s • The starting point of classical theory is what determines gross domestic product (GDP)—total value of goods and services produced domestically ...
Squeezing the Lemon Squeezing the Lemon
... SECTION 2: ALIGNMENT – INVESTMENTS AND LIABILITIES For many insurers, the seamless alignment of the investment portfolio, on the one hand, and the insurance and corporate liabilities on the other, is a core competency and is already well-managed. We discuss it here, however, not only to articulate a ...
... SECTION 2: ALIGNMENT – INVESTMENTS AND LIABILITIES For many insurers, the seamless alignment of the investment portfolio, on the one hand, and the insurance and corporate liabilities on the other, is a core competency and is already well-managed. We discuss it here, however, not only to articulate a ...
18 A Nordic Perspective on Natural Resource Abundance
... increase in the primary export share from one country to another is accompanied by a decrease in the export ratio by one percentage point. But although all the Nordic countries are quite close to the regression line, the data do not provide any general indication that their export propensities are d ...
... increase in the primary export share from one country to another is accompanied by a decrease in the export ratio by one percentage point. But although all the Nordic countries are quite close to the regression line, the data do not provide any general indication that their export propensities are d ...
The New Brunswick Economic Growth Plan
... has pushed up public debt to levels not seen in more than 50 years. While New Brunswick has begun to witness positive economic trends, our quality of life and standard of living are in jeopardy if we cannot return to solid and sustained economic and population growth. ...
... has pushed up public debt to levels not seen in more than 50 years. While New Brunswick has begun to witness positive economic trends, our quality of life and standard of living are in jeopardy if we cannot return to solid and sustained economic and population growth. ...
When the fall of economic activity finally bottomed out in the second
... [Excerpt] The 2007-2009 recession was long and deep, and according to several indicators was the most severe economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point t ...
... [Excerpt] The 2007-2009 recession was long and deep, and according to several indicators was the most severe economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point t ...
Macroeconomics
... a shift to the right) of AD will be expressed RealOutput/ Income(Yr) output and thus employmentand to what extent it will be SeeFig.3.3. asa risein prices(i.e.inflation). expressed ...
... a shift to the right) of AD will be expressed RealOutput/ Income(Yr) output and thus employmentand to what extent it will be SeeFig.3.3. asa risein prices(i.e.inflation). expressed ...
CHAPTER 24
... • Only a few commodities, such as metals and certain agricultural commodities, can be traded for future delivery in worldwide markets ...
... • Only a few commodities, such as metals and certain agricultural commodities, can be traded for future delivery in worldwide markets ...
2 Renewable Energy Technologies and Applications
... Most Maghreb and Western Asia countries are already well on this track. Egypt would have to accelerate economic growth a little bit. Yemen would require economic growth of 11 %/year for 40 years to achieve this goal, which is rather unrealistic. Therefore, the economic growth rate has been limited t ...
... Most Maghreb and Western Asia countries are already well on this track. Egypt would have to accelerate economic growth a little bit. Yemen would require economic growth of 11 %/year for 40 years to achieve this goal, which is rather unrealistic. Therefore, the economic growth rate has been limited t ...
Product complexity and economic development
... interactions between the increasing number of individual activities that conform an economy ...
... interactions between the increasing number of individual activities that conform an economy ...
Notes 14: Examples in Action
... SRAS to shift in and Y < Y*. In the early 1990s, it is argued that consumers reacted negatively to the news that Iraq invaded Kuwait and the subsequent U.S. involvement. Fearing that oil prices may shoot up again, U.S. citizens started to prepare for another period of stagflation (rising oil prices ...
... SRAS to shift in and Y < Y*. In the early 1990s, it is argued that consumers reacted negatively to the news that Iraq invaded Kuwait and the subsequent U.S. involvement. Fearing that oil prices may shoot up again, U.S. citizens started to prepare for another period of stagflation (rising oil prices ...
Chapters 23
... Other Determinants of Consumption The assumption that consumption depends only on income is obviously a simplification. ...
... Other Determinants of Consumption The assumption that consumption depends only on income is obviously a simplification. ...
Productivity and Competitiveness Indicators 1990 to 2000
... has improved from 79.4 in 1995 to 115.0 in 2005, giving an average annual increase of 3.8%. In 2005, labour productivity grew at a lower rate of 2.1% compared to 3.9% in 2004. This is the result of a lower GDP growth of 2.7% in 2005 compared to 4.7% in 2004, coupled with a lower growth of 0.5% in la ...
... has improved from 79.4 in 1995 to 115.0 in 2005, giving an average annual increase of 3.8%. In 2005, labour productivity grew at a lower rate of 2.1% compared to 3.9% in 2004. This is the result of a lower GDP growth of 2.7% in 2005 compared to 4.7% in 2004, coupled with a lower growth of 0.5% in la ...
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.