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Computable General Equilibrium Model NZ Economy [PDF
... Experiments were also undertaken where the composition of the additional labour was specified in favour of particular higher-skilled categories. Such a scenario can be seen as some change in policy direction or external impetus. Overall, this scenario resulted in a slightly higher impact on GDP with ...
... Experiments were also undertaken where the composition of the additional labour was specified in favour of particular higher-skilled categories. Such a scenario can be seen as some change in policy direction or external impetus. Overall, this scenario resulted in a slightly higher impact on GDP with ...
ECON
... A study of the standard macroeconomic models of closed and open economies. Macroeconomic problems, such as unemployment, inflation, and balance of payment disequilibria are examined. Alternative stabilization policies are evaluated with reference to the Canadian economy. Prerequisite: ECON 2023 and ...
... A study of the standard macroeconomic models of closed and open economies. Macroeconomic problems, such as unemployment, inflation, and balance of payment disequilibria are examined. Alternative stabilization policies are evaluated with reference to the Canadian economy. Prerequisite: ECON 2023 and ...
“Inventory Investment and Output Volatility”
... techniques adopted by the automotive industry. Third, an important innovation in inventory management has been the development of more sophisticated supply chains among firms and industries. Studying detailed industries allows us to examine the role of inventory management in the stage-of-fabricati ...
... techniques adopted by the automotive industry. Third, an important innovation in inventory management has been the development of more sophisticated supply chains among firms and industries. Studying detailed industries allows us to examine the role of inventory management in the stage-of-fabricati ...
chapter 10 money
... Economists hold different views concerning the velocity of money. Classical economists believe velocity is constant; monetarists believe it is not constant but stable and predictable; and Keynesians believe it is neither constant, stable, nor predictable. Economists' views on velocity affect their p ...
... Economists hold different views concerning the velocity of money. Classical economists believe velocity is constant; monetarists believe it is not constant but stable and predictable; and Keynesians believe it is neither constant, stable, nor predictable. Economists' views on velocity affect their p ...
- Rainer Maurer
... immediately if demand and/or supply changes. As a result, disturbances of the general market equilibrium do not persist. After a shock, the economy finds immediately back to a general market equilibrium. This is the fundamental difference between the neoclassical and the Keynesian model, where price ...
... immediately if demand and/or supply changes. As a result, disturbances of the general market equilibrium do not persist. After a shock, the economy finds immediately back to a general market equilibrium. This is the fundamental difference between the neoclassical and the Keynesian model, where price ...
... Secondly, remittances could improve a country’s creditworthiness and thereby enhance its access to international capital markets. World Bank (2006) points out that the calculation of country credit ratings by major international also depends on its magnitude of remittance flows. The higher the magni ...
economic consequences of the size of government in australia
... the substantial fiscal stimulus of about $80 billion enacted by the government contributed to a better than previously expected growth outcome for Australia. More generally, ‘the fiscal multipliers in those countries that enacted large and timely fiscal stimulus packages appear to have been larger t ...
... the substantial fiscal stimulus of about $80 billion enacted by the government contributed to a better than previously expected growth outcome for Australia. More generally, ‘the fiscal multipliers in those countries that enacted large and timely fiscal stimulus packages appear to have been larger t ...
PDF
... a way that their sums nre equal and their ratio is U1l1ty. In the stock-flow process, this concept may be altered so that the input output ratio need not be equal at any point in time, as accumulation or depletion of stocks occurs over time. In the productivity concept, with which this study is con ...
... a way that their sums nre equal and their ratio is U1l1ty. In the stock-flow process, this concept may be altered so that the input output ratio need not be equal at any point in time, as accumulation or depletion of stocks occurs over time. In the productivity concept, with which this study is con ...
150 Years of Boom and Bust - Federal Reserve Bank of Dallas
... 1885, annual U.S. copper production rose by more than 500 percent. The Anaconda mine in Montana “proved fabulously rich and enormously productive” (Richter, 1927, p. 255), and several others mines opened in Arizona. The mines in Michigan, which had already created a selling pool in the 1870s, reacte ...
... 1885, annual U.S. copper production rose by more than 500 percent. The Anaconda mine in Montana “proved fabulously rich and enormously productive” (Richter, 1927, p. 255), and several others mines opened in Arizona. The mines in Michigan, which had already created a selling pool in the 1870s, reacte ...
DOES OPENNESS IMPLY GREATER EXPOSURE?*
... A central dimension of globalization is the world trend toward larger financial and trade openness, observed in most industrial and developing economies. Financial openness has increased from a world median of 5% of GDP in 1970 to 45% of GDP in 2000 and trade openness has grown from a world median o ...
... A central dimension of globalization is the world trend toward larger financial and trade openness, observed in most industrial and developing economies. Financial openness has increased from a world median of 5% of GDP in 1970 to 45% of GDP in 2000 and trade openness has grown from a world median o ...
The Effect of Corruption on FDI Inflow: Empirical Evidence from
... India, or Nigeria, are the recipients of a great deal of FDI and hence corruption doesn’t keep FDI out of very corrupt countries. This fact begs the question of just how corruption affects FDI. Two broad presumptions can be made regarding the effect of corruption on the efficiency of investment. Fir ...
... India, or Nigeria, are the recipients of a great deal of FDI and hence corruption doesn’t keep FDI out of very corrupt countries. This fact begs the question of just how corruption affects FDI. Two broad presumptions can be made regarding the effect of corruption on the efficiency of investment. Fir ...
On the Receiving End? External Conditions and Emerging
... •• First, by focusing on the past decade and a half, during which emerging market economies’ performance and policies improved remarkably, as evidenced by their resilience to the deepest global recession in recent history, it analyzes whether the role of external conditions in determining emerging m ...
... •• First, by focusing on the past decade and a half, during which emerging market economies’ performance and policies improved remarkably, as evidenced by their resilience to the deepest global recession in recent history, it analyzes whether the role of external conditions in determining emerging m ...
risk and business cycles
... Instead of producing an inflationary surprise, central banks sometimes increase monetary volatility. In this case entrepreneurs will respond by shifting from riskier to less risky investments. The economy will experience an immediate downturn, and possibly also a high rate of price inflation. If the ...
... Instead of producing an inflationary surprise, central banks sometimes increase monetary volatility. In this case entrepreneurs will respond by shifting from riskier to less risky investments. The economy will experience an immediate downturn, and possibly also a high rate of price inflation. If the ...
Pre print 2012
... sense, however, the reference of ‘general economy’ can be displaced to include almost every aspect of human and social life,2 and it is well known that the expression has also been discussed in such a much wider sense by Derrida and Baudrillard.3 Known is also that these discussions draw heavily on ...
... sense, however, the reference of ‘general economy’ can be displaced to include almost every aspect of human and social life,2 and it is well known that the expression has also been discussed in such a much wider sense by Derrida and Baudrillard.3 Known is also that these discussions draw heavily on ...
Good Booms, Bad Booms
... as in their case, but just as a response to endogenous productivity growth. Our finding that positive productivity shocks occur at the start of the boom has been already noted by economic historians and growth economists. Indeed, in the longterm, technology such as the steam locomotive, telegraph, ...
... as in their case, but just as a response to endogenous productivity growth. Our finding that positive productivity shocks occur at the start of the boom has been already noted by economic historians and growth economists. Indeed, in the longterm, technology such as the steam locomotive, telegraph, ...
“The text was adapted by The Saylor Foundation under the CC BY
... Another factor that can change consumption and shift aggregate demand is tax policy. A cut in personal income taxes leaves people with more after-tax income, which may induce them to increase their consumption. The federal government in the United States cut taxes in 1 964, 1981, 1 986, 1 997, and 2 ...
... Another factor that can change consumption and shift aggregate demand is tax policy. A cut in personal income taxes leaves people with more after-tax income, which may induce them to increase their consumption. The federal government in the United States cut taxes in 1 964, 1981, 1 986, 1 997, and 2 ...
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.