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Sustainable Consumption: The need for a strong consumer
... Shifting responsibility in this context to the business sector and scientific research does not bring us any further. Both have done their homework. Sustainable consumption is possible. The insufficient market penetration of products that are efficient in terms of energy and raw materials, of renewa ...
... Shifting responsibility in this context to the business sector and scientific research does not bring us any further. Both have done their homework. Sustainable consumption is possible. The insufficient market penetration of products that are efficient in terms of energy and raw materials, of renewa ...
Efficient Investment in Children
... denotes the expected lifetime utility that his child will realize upon growing up. The young adult attaches the weight h to his offspring’s expected lifetime utility and he discounts the future at rate b. 7 The analysis presumes that children cannot transact for themselves. Hence, there would be no ...
... denotes the expected lifetime utility that his child will realize upon growing up. The young adult attaches the weight h to his offspring’s expected lifetime utility and he discounts the future at rate b. 7 The analysis presumes that children cannot transact for themselves. Hence, there would be no ...
macroeconomics class review
... There are some important flaws in the Keynesian model as described by the following reasoning based on theories heavily influenced by neo-classical and classical economists. The main flaw is Keynes’s belief that wealth and production can be created and “multiplied” out of nothing, i.e. by artificial ...
... There are some important flaws in the Keynesian model as described by the following reasoning based on theories heavily influenced by neo-classical and classical economists. The main flaw is Keynes’s belief that wealth and production can be created and “multiplied” out of nothing, i.e. by artificial ...
Teaching note
... Many will have heard something about changing government policies and business conditions. They may be aware of major plant openings or closings in the area or nationwide. They will be interested in offering their opinions and ideas about the causes of these changes. Cite recent examples of plant op ...
... Many will have heard something about changing government policies and business conditions. They may be aware of major plant openings or closings in the area or nationwide. They will be interested in offering their opinions and ideas about the causes of these changes. Cite recent examples of plant op ...
The Wheat Boom and Economic Prosperity in Early 20th Century
... wheat production and exports as well as rapid intensive and extensive economic growth throughout the economy as a whole. This study aims to explain how the events of the wheat industry can be Iinked to this rapid expansion and growth. There is substantial disagreementamong economists as to the real ...
... wheat production and exports as well as rapid intensive and extensive economic growth throughout the economy as a whole. This study aims to explain how the events of the wheat industry can be Iinked to this rapid expansion and growth. There is substantial disagreementamong economists as to the real ...
Slide - MyWeb
... Planned Investment and the Interest Rate Other Determinants of Planned Investment The assumption that planned investment depends only on the interest rate is obviously a simplification, just as is the assumption that consumption depends only on income. ...
... Planned Investment and the Interest Rate Other Determinants of Planned Investment The assumption that planned investment depends only on the interest rate is obviously a simplification, just as is the assumption that consumption depends only on income. ...
Morocco: the challenge of becoming an emerging economy
... one must first define what one considers as “emerging”. In a May 2014 study, Coface1 identified a group of countries likely to be “future emerging countries”, according to four criteria: I/ A high long-term average growth rate (more than 4%) accelerating compared with that of the pre-crisis decade; ...
... one must first define what one considers as “emerging”. In a May 2014 study, Coface1 identified a group of countries likely to be “future emerging countries”, according to four criteria: I/ A high long-term average growth rate (more than 4%) accelerating compared with that of the pre-crisis decade; ...
Tourism and Economic Growth in Latin American Countries: A Panel
... transportation facilities and entertainment services. In most developing countries, to satisfy this demand, the current level of production needs to increase. This provides two positive effects on the economy. On the one hand, an increase in production and income; on the other hand, since tourism se ...
... transportation facilities and entertainment services. In most developing countries, to satisfy this demand, the current level of production needs to increase. This provides two positive effects on the economy. On the one hand, an increase in production and income; on the other hand, since tourism se ...
an econometric estimation of traditional import demand function for
... expected but price coefficient was insignificant. He concluded that the liberalization policy does have positive impact on the import demand. Shabbir and Mahmood (1991) analyzed the stability of the import demand function for Pakistan. They applied the maximum likelihood-based switching regression t ...
... expected but price coefficient was insignificant. He concluded that the liberalization policy does have positive impact on the import demand. Shabbir and Mahmood (1991) analyzed the stability of the import demand function for Pakistan. They applied the maximum likelihood-based switching regression t ...
Economies Of Scale And Scope
... has lower invested capital in the business which leads to a higher return and it also frees up resources for customer fulfillment centers and investment in new technology – Amazon distributes to over 200 countries. Shifting stock at speed: Amazon’s operations give it a key advantage compared to a Bo ...
... has lower invested capital in the business which leads to a higher return and it also frees up resources for customer fulfillment centers and investment in new technology – Amazon distributes to over 200 countries. Shifting stock at speed: Amazon’s operations give it a key advantage compared to a Bo ...
The Relationship between Output and Unemployment with Efficiency Wages
... is dominated by Okun’s Law which predicts that a fall in output growth is normally accompanied by a significant but smaller rise in unemployment. This prediction and its policy implications are straightforward when output and unemployment exhibit a systematic negative relationship with each other be ...
... is dominated by Okun’s Law which predicts that a fall in output growth is normally accompanied by a significant but smaller rise in unemployment. This prediction and its policy implications are straightforward when output and unemployment exhibit a systematic negative relationship with each other be ...
Aggregate Supply and Aggregate Demand
... the relationship between the quantity of real GDP supplied and the price level when real GDP equals potential GDP. Potential GDP is determined by •Production function •Labor market •Independent of price level ...
... the relationship between the quantity of real GDP supplied and the price level when real GDP equals potential GDP. Potential GDP is determined by •Production function •Labor market •Independent of price level ...
GDP growth forecast - Statistics Singapore
... expected to be broadly similar to that in the first half, supported by resilient domestic demand. At the same time, additional downside risks in the global economy remain. First, Brexit has heightened uncertainties in the UK and EU economies. If the impact on consumer and business confidence is more ...
... expected to be broadly similar to that in the first half, supported by resilient domestic demand. At the same time, additional downside risks in the global economy remain. First, Brexit has heightened uncertainties in the UK and EU economies. If the impact on consumer and business confidence is more ...
this PDF file - International Journal of Social Sciences
... by economic and legal institutions. It refers to the general market income category (or sector) wherein certain types of income and the means of their generation are “unregulated by the institutions of society, in a legal and social environment, in which similar activities are regulated” (Portes and ...
... by economic and legal institutions. It refers to the general market income category (or sector) wherein certain types of income and the means of their generation are “unregulated by the institutions of society, in a legal and social environment, in which similar activities are regulated” (Portes and ...
Solow Model of Growth Notes
... Imagine that technology, A, instead of being 1 as we have assumed, doubles to 2. Now, at each level of capital per worker, the output is doubled. If the savings rate remains unchanged, the savings/investment curve shifts up since there is more output. This will cause the net investment at the origin ...
... Imagine that technology, A, instead of being 1 as we have assumed, doubles to 2. Now, at each level of capital per worker, the output is doubled. If the savings rate remains unchanged, the savings/investment curve shifts up since there is more output. This will cause the net investment at the origin ...
Economic Foundations for Entertainment, Media, and Technology
... As Wage rises, leisure becomes more expensive. As Income rises, leisure becomes more desirable. (Leisure is a normal good.) Net effect over time if real wages and incomes rise? Higher incomes generally lead to greater demand for leisure – leisure is a normal good Higher wages make leisure ...
... As Wage rises, leisure becomes more expensive. As Income rises, leisure becomes more desirable. (Leisure is a normal good.) Net effect over time if real wages and incomes rise? Higher incomes generally lead to greater demand for leisure – leisure is a normal good Higher wages make leisure ...
Consumption and Investment
... The entire lifetime profile of the labor income of each member—after the applicable taxes, The present and future extent and terms of any credit available, and The future emergencies, opportunities, and social pressures which might affect its consumption spending. ...
... The entire lifetime profile of the labor income of each member—after the applicable taxes, The present and future extent and terms of any credit available, and The future emergencies, opportunities, and social pressures which might affect its consumption spending. ...
10 - Weber State University
... A) doubling of inputs will lead to a more than two-fold increase in output. B) doubling of inputs will lead to a constant output. C) doubling of inputs will lead to a two-fold increase in output. D) doubling of inputs will lead to a less than two-fold increase in output. 40) Which of the following i ...
... A) doubling of inputs will lead to a more than two-fold increase in output. B) doubling of inputs will lead to a constant output. C) doubling of inputs will lead to a two-fold increase in output. D) doubling of inputs will lead to a less than two-fold increase in output. 40) Which of the following i ...
A two-period closed economy with sticky prices
... natural level, Q1 Q1n , determined by the supply side of the economy. The key feature of the model with flexible prices is that the interest rate (price of current output) adjusts instantaneously to ensure that aggregate demand equals the existing aggregate supply (note that changes in the real in ...
... natural level, Q1 Q1n , determined by the supply side of the economy. The key feature of the model with flexible prices is that the interest rate (price of current output) adjusts instantaneously to ensure that aggregate demand equals the existing aggregate supply (note that changes in the real in ...
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.