World Economic Outlook, October 2000
... The outlook for the global economy has continued to strengthen, with GDP growth projected to increase in all major regions of the world. This improvement has been led by the continued strength of the U.S. economy, a robust expansion in Europe, and a nascent—albeit still fragile— recovery in Japan. I ...
... The outlook for the global economy has continued to strengthen, with GDP growth projected to increase in all major regions of the world. This improvement has been led by the continued strength of the U.S. economy, a robust expansion in Europe, and a nascent—albeit still fragile— recovery in Japan. I ...
PDF
... Good health is an important component of human well-being. At the same time, as noted by Jeffrey Sachs (2001), improvements in health and life expectancy are likely to contribute to greater economic growth and development. One way in which better health might lead to greater economic growth is throu ...
... Good health is an important component of human well-being. At the same time, as noted by Jeffrey Sachs (2001), improvements in health and life expectancy are likely to contribute to greater economic growth and development. One way in which better health might lead to greater economic growth is throu ...
Edexcel AS Economics Unit 2
... long run and hence so will GDP. On top of that, we would expect the life expectancy at birth to begin to reduce due to people receiving a poorer quality of healthcare through their lives. As life expectancy at birth is a component of HDI, we would expect this part of the HDI measure to fall. A cut i ...
... long run and hence so will GDP. On top of that, we would expect the life expectancy at birth to begin to reduce due to people receiving a poorer quality of healthcare through their lives. As life expectancy at birth is a component of HDI, we would expect this part of the HDI measure to fall. A cut i ...
EC102 Economics B - Samira Barzin
... - prices represent relaPvely scarcity, this must not mean absolute scarcity but it can simply mean that there exists more demand than supply for a good (the good is scarce relaPve to its supplied quanPty), hence the price increases - high prices represent that there exists a high demand hence r ...
... - prices represent relaPvely scarcity, this must not mean absolute scarcity but it can simply mean that there exists more demand than supply for a good (the good is scarce relaPve to its supplied quanPty), hence the price increases - high prices represent that there exists a high demand hence r ...
del09 Rougier new 9998477 en
... consequence for the accumulation of productive assets and for the dynamics of their productivity too. Indeed Nelson and Pack (1999) and others have shown that it has been of considerable importance for the sustainability of their growth pattern that significant changes in the production pattern occ ...
... consequence for the accumulation of productive assets and for the dynamics of their productivity too. Indeed Nelson and Pack (1999) and others have shown that it has been of considerable importance for the sustainability of their growth pattern that significant changes in the production pattern occ ...
NBER WORKING PAPER SERIES TARGETING NOMINAL INCOME: A NOTE Kenneth D. West
... directly to more complicated and dynamic versions of the supply and demand curves. I considered two dynamic versions under the ground rules of the third comment, i.e., rational expectations, with the shocks seen by the authorities ...
... directly to more complicated and dynamic versions of the supply and demand curves. I considered two dynamic versions under the ground rules of the third comment, i.e., rational expectations, with the shocks seen by the authorities ...
economic transformation - African National Congress
... to more effectively touch the lives of those millions of mainly black South Africans who have not yet experienced the betterment of life which held such promise at the dawn of our freedom in 1994. The ANC is united in the conviction that in order to achieve the goals of the second phase of the trans ...
... to more effectively touch the lives of those millions of mainly black South Africans who have not yet experienced the betterment of life which held such promise at the dawn of our freedom in 1994. The ANC is united in the conviction that in order to achieve the goals of the second phase of the trans ...
Kauai`s Outlook is Buoyed by Strong Tourism
... reconcile these job numbers with what we see and hear about the industry. Perhaps this is due to the classification of workers hired by employment agencies rather than directly by construction companies. Some workers employed on Kauai may be listed as being employed on Oahu due to company addresses. ...
... reconcile these job numbers with what we see and hear about the industry. Perhaps this is due to the classification of workers hired by employment agencies rather than directly by construction companies. Some workers employed on Kauai may be listed as being employed on Oahu due to company addresses. ...
China`s productivity imperative
... and intermediate goods (equipment, semi-finished goods etc.). In contrast, labor and capital make up a greater share of costs for the services sector. ...
... and intermediate goods (equipment, semi-finished goods etc.). In contrast, labor and capital make up a greater share of costs for the services sector. ...
Swedbank Economic Outlook, January 2017
... After a sharper focus on political risks in the autumn, the significant market turmoil has now subsided, even though there are several forthcoming elections in Europe. The central banks’ communications have begun to exude some confidence in terms of the underlying macroeconomic trends. The US presid ...
... After a sharper focus on political risks in the autumn, the significant market turmoil has now subsided, even though there are several forthcoming elections in Europe. The central banks’ communications have begun to exude some confidence in terms of the underlying macroeconomic trends. The US presid ...
Truly endogenous growth
... 1. Productive externalities, or learning-by-doing spillovers can motivate increasing returns to capital and labour at the aggregate level at the same time as constant returns at the firm level. 2. This can result in a well behaved growth model with long run growth in income per worker without this b ...
... 1. Productive externalities, or learning-by-doing spillovers can motivate increasing returns to capital and labour at the aggregate level at the same time as constant returns at the firm level. 2. This can result in a well behaved growth model with long run growth in income per worker without this b ...
Document
... income, ceteris paribus, at a given price level • Aggregate expenditures is the sum of C, I, G, and NX, at a given price level ...
... income, ceteris paribus, at a given price level • Aggregate expenditures is the sum of C, I, G, and NX, at a given price level ...
Chapter 21 : What Macroeconomics Is All About?
... importance of the sector to the national economy. Also, this should tell you something about the distribution of income between different owners of factors of production. ...
... importance of the sector to the national economy. Also, this should tell you something about the distribution of income between different owners of factors of production. ...
Durable Good Inventories and the Volatility of Production
... Despite the well recognized vital role played by durable goods production and inventory investment in the business cycle, theoretical models featuring durable goods inventories are rarely available in the literature. Without such models, many important questions regarding the business cycle cannot b ...
... Despite the well recognized vital role played by durable goods production and inventory investment in the business cycle, theoretical models featuring durable goods inventories are rarely available in the literature. Without such models, many important questions regarding the business cycle cannot b ...
Taking Mankiw, Romer and Weil Seriously. NBER Working Paper
... from the modern dawn of the profession; or at the very least from Adam Smith’s (1776) An Inquiry into the Nature and Causes of the Wealth of Nations. Current research into the question of growth originates from the seminal contributions of Solow (1956) and Swan (1956). While the Solow-Swan theory ha ...
... from the modern dawn of the profession; or at the very least from Adam Smith’s (1776) An Inquiry into the Nature and Causes of the Wealth of Nations. Current research into the question of growth originates from the seminal contributions of Solow (1956) and Swan (1956). While the Solow-Swan theory ha ...
Is the Export-Led Growth Hypothesis Valid for Developing countries
... In the late 1970s, Mexico was fundamentally an oil-exporting economy. As of 1985 Mexico ranked fifth in the world in terms of petroleum reserves, and was the largest supplier to the US (McCarville and Nnadozie, 1995). Petroleum provided significant revenues until a decline in international petroleum ...
... In the late 1970s, Mexico was fundamentally an oil-exporting economy. As of 1985 Mexico ranked fifth in the world in terms of petroleum reserves, and was the largest supplier to the US (McCarville and Nnadozie, 1995). Petroleum provided significant revenues until a decline in international petroleum ...
III. Fiscal policy and capital formation
... the path of growth, capital formation is gaining momentum. It is based on growing domestic savings. Their increase is a function of growing real income, however fiscal measures, that is, the structure of taxes and accompanying system of deductions and other intensive, are helping to raise the margin ...
... the path of growth, capital formation is gaining momentum. It is based on growing domestic savings. Their increase is a function of growing real income, however fiscal measures, that is, the structure of taxes and accompanying system of deductions and other intensive, are helping to raise the margin ...
... A number of recent studies have questioned the use of time series projections from a single benchmark over long periods of time, the methodology used here in Tables 8 and 10. Ward and Devereux (2003) suggest that the further one projects from the original benchmark, the bigger the discrepancy betwee ...
Economics – Long Answer
... process. The engineering and managerial problems of technical efficiency are assumed to be solved, so that analysis can focus on the problems of allocative efficiency. The firm is assumed to be making allocative choices concerning how much of each input factor to use, given the price of the factor ...
... process. The engineering and managerial problems of technical efficiency are assumed to be solved, so that analysis can focus on the problems of allocative efficiency. The firm is assumed to be making allocative choices concerning how much of each input factor to use, given the price of the factor ...
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.