Saving and Investment
... 3. . . . and raises the equilibrium quantity of loanable funds. A change in the tax laws to encourage Americans to save more would shift the supply of loanable funds to the right from S1 to S2. As a result, the equilibrium interest rate would fall, and the lower interest rate would stimulate investm ...
... 3. . . . and raises the equilibrium quantity of loanable funds. A change in the tax laws to encourage Americans to save more would shift the supply of loanable funds to the right from S1 to S2. As a result, the equilibrium interest rate would fall, and the lower interest rate would stimulate investm ...
income inequality and the informal
... the informal economy and finds supporting evidence among Latin American economies. However, Asea (1996) argues that informal activity may be beneficial to economies, on balance, because it allows an outlet for entrepreneurial dynamism, competition, ...
... the informal economy and finds supporting evidence among Latin American economies. However, Asea (1996) argues that informal activity may be beneficial to economies, on balance, because it allows an outlet for entrepreneurial dynamism, competition, ...
corruption and poverty
... ABSTRACT The quantitative methods have been questioned, mostly because at certain points they served as tools to identify the poorest countries as being the most corrupt, and the most developed ones, such as Germany, as being the least corrupt. In the end, the criticism to the econometric models of ...
... ABSTRACT The quantitative methods have been questioned, mostly because at certain points they served as tools to identify the poorest countries as being the most corrupt, and the most developed ones, such as Germany, as being the least corrupt. In the end, the criticism to the econometric models of ...
ECO 212 – Macroeconomics Yellow Pages
... for something even faster -- say 6 percent, or maybe even 7 percent, strength not seen since GDP grew at a 7.1 percent pace in the fourth quarter of 1999. GDP is the broadest measure of the nation's economy. "We are looking at a growth rate somewhere in between 6.5 percent and 7 percent at this poin ...
... for something even faster -- say 6 percent, or maybe even 7 percent, strength not seen since GDP grew at a 7.1 percent pace in the fourth quarter of 1999. GDP is the broadest measure of the nation's economy. "We are looking at a growth rate somewhere in between 6.5 percent and 7 percent at this poin ...
Mankiw 6e PowerPoints
... P fell even more, so M/P actually rose slightly during 1929-31. nominal interest rates fell, which is the opposite of what a leftward LM shift would cause. CHAPTER 11 ...
... P fell even more, so M/P actually rose slightly during 1929-31. nominal interest rates fell, which is the opposite of what a leftward LM shift would cause. CHAPTER 11 ...
Practice Questions Set Chapter 10-13
... 14. Refer to Table 11-3. The cost of the basket in 2006 was a. $32. b. $200. c. $280. d. $480. 15. Refer to Table 11-3. The cost of the basket a. increased from 2006 to 2007 and increased from 2007 to 2008. b. increased from 2006 to 2007 and decreased from 2007 to 2008. c. decreased from 2006 to 20 ...
... 14. Refer to Table 11-3. The cost of the basket in 2006 was a. $32. b. $200. c. $280. d. $480. 15. Refer to Table 11-3. The cost of the basket a. increased from 2006 to 2007 and increased from 2007 to 2008. b. increased from 2006 to 2007 and decreased from 2007 to 2008. c. decreased from 2006 to 20 ...
Slide 1
... aggregate-demand curve slopes downward: an increase in the price level raises money demand, which raises the interest rate, which reduces investment, which reduces the aggregate quantity of goods & services demanded. ...
... aggregate-demand curve slopes downward: an increase in the price level raises money demand, which raises the interest rate, which reduces investment, which reduces the aggregate quantity of goods & services demanded. ...
34 Power Point
... aggregate-demand curve slopes downward: an increase in the price level raises money demand, which raises the interest rate, which reduces investment, which reduces the aggregate quantity of goods & services demanded. ...
... aggregate-demand curve slopes downward: an increase in the price level raises money demand, which raises the interest rate, which reduces investment, which reduces the aggregate quantity of goods & services demanded. ...
Nature, Development and Distribution in Latin America Evidence on
... growth of foreign investment and exports of natural-resource intensive products, with a much more modest growth of labor-intensive manufacturing industries. Also during the 1990s, the economics profession was gaining a new appreciation for the impact of geography and natural resource endowments on p ...
... growth of foreign investment and exports of natural-resource intensive products, with a much more modest growth of labor-intensive manufacturing industries. Also during the 1990s, the economics profession was gaining a new appreciation for the impact of geography and natural resource endowments on p ...
3. Empirical Estimates of the Size of the 21 Shadow Economies
... 2.2.3. Changes in labour market conditions and the employment system (1) A strong regulation (i.e. strong policy intervention) of the official labour market has the effect that people have available much more time which can be used for shadow economic activities. (2) An increase in transfers reduces ...
... 2.2.3. Changes in labour market conditions and the employment system (1) A strong regulation (i.e. strong policy intervention) of the official labour market has the effect that people have available much more time which can be used for shadow economic activities. (2) An increase in transfers reduces ...
Slide - MyWeb
... equilibrium, with Y higher than before. If planned spending is less than output, there will be unplanned increases in inventories. In this case, firms will respond by reducing output. As output falls, income falls, consumption falls, and so on, until equilibrium is restored, with Y lower than before ...
... equilibrium, with Y higher than before. If planned spending is less than output, there will be unplanned increases in inventories. In this case, firms will respond by reducing output. As output falls, income falls, consumption falls, and so on, until equilibrium is restored, with Y lower than before ...
GDP per capita and labour utilisation in Australia
... volume estimate of GDP to an estimate of the resident Australian population1. GDP per capita is only one measure of economic prosperity in a country. There are many other measures, both at the aggregate level and at more focused levels. Some examples of indices created to explain the disparities bet ...
... volume estimate of GDP to an estimate of the resident Australian population1. GDP per capita is only one measure of economic prosperity in a country. There are many other measures, both at the aggregate level and at more focused levels. Some examples of indices created to explain the disparities bet ...
68007034I_en.pdf
... Since the mid-1980s –partly because of the appearance of new growth models– there has been a revival of interest in the processes of convergence or divergence of the growth rates of the product or of per capita income between the different economies. This study proposes to review those models1 from ...
... Since the mid-1980s –partly because of the appearance of new growth models– there has been a revival of interest in the processes of convergence or divergence of the growth rates of the product or of per capita income between the different economies. This study proposes to review those models1 from ...
1 - SME blog
... content to find out what, if any, value-laden arguments they contain. In my analysis, by content I do not mean the textbook information itself, but rather the data obtained on the level of values (selective coding). For this reason, the primary method will include coding the text (sentences/paragrap ...
... content to find out what, if any, value-laden arguments they contain. In my analysis, by content I do not mean the textbook information itself, but rather the data obtained on the level of values (selective coding). For this reason, the primary method will include coding the text (sentences/paragrap ...
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.