Foreign Direct Investment and Growth: the role of regional territorial
... determinants cannot be fully identified through deterministic cause-effect relationships, but need to take into account manifold relationships between economic agents, largely dependent on perceptions. Given that economic growth mainly depends on the ability of regions to take advantage of potential ...
... determinants cannot be fully identified through deterministic cause-effect relationships, but need to take into account manifold relationships between economic agents, largely dependent on perceptions. Given that economic growth mainly depends on the ability of regions to take advantage of potential ...
Chapter 12: Aggregate Demand and Aggregate Supply Analysis
... When prices rise, HHs and …rms need more money to …nance buying and selling; consequently, they try to increase the amount of money they hold by withdrawing funds from banks, borrowing from banks, or selling bonds. These actions will increase the interest rate (IR) charged on loans and bonds. A high ...
... When prices rise, HHs and …rms need more money to …nance buying and selling; consequently, they try to increase the amount of money they hold by withdrawing funds from banks, borrowing from banks, or selling bonds. These actions will increase the interest rate (IR) charged on loans and bonds. A high ...
New Structural Economics
... countries in Western Europe, Japan, the Asian Tigers, and two island economies in Latin America (Barbados and Trinidad and Tobago). If we can learn from the failed development attempts by most developing countries and especially the few successes, explore the nature and determinants of economic grow ...
... countries in Western Europe, Japan, the Asian Tigers, and two island economies in Latin America (Barbados and Trinidad and Tobago). If we can learn from the failed development attempts by most developing countries and especially the few successes, explore the nature and determinants of economic grow ...
88353b6d2ff519d
... B) Shifts of either supply or demand can achieve a given market equilibrium. C) Wages and prices are inflexible, which prevents the achievement of a market equilibrium. D) Increased prices lead to increased supply. Answer: A Type: Definition Page: 152 ...
... B) Shifts of either supply or demand can achieve a given market equilibrium. C) Wages and prices are inflexible, which prevents the achievement of a market equilibrium. D) Increased prices lead to increased supply. Answer: A Type: Definition Page: 152 ...
PDF
... Many researchers suspected that two assumptions of Armington model, homotheticity and single elasticity, were unrealistic since goods produced in different country must have different qualities. A study conducted by Johnson (1977) suggests that wheat, tobacco, and cotton are not homogenous, and John ...
... Many researchers suspected that two assumptions of Armington model, homotheticity and single elasticity, were unrealistic since goods produced in different country must have different qualities. A study conducted by Johnson (1977) suggests that wheat, tobacco, and cotton are not homogenous, and John ...
The new structural economics. A framework for rethinking
... countries in Western Europe, Japan, the Asian Tigers, and two island economies in Latin America (Barbados and Trinidad and Tobago). If we can learn from the failed development attempts by most developing countries and especially the few successes, explore the nature and determinants of economic grow ...
... countries in Western Europe, Japan, the Asian Tigers, and two island economies in Latin America (Barbados and Trinidad and Tobago). If we can learn from the failed development attempts by most developing countries and especially the few successes, explore the nature and determinants of economic grow ...
A Dynamic Model of Aggregate Demand and Aggregate Supply
... • The dynamic model of aggregate demand and aggregate supply (DAD-DAS) determines both – real GDP (Y), and – the inflation rate (π) ...
... • The dynamic model of aggregate demand and aggregate supply (DAD-DAS) determines both – real GDP (Y), and – the inflation rate (π) ...
oecd economic outlook
... Outlook, it is unclear, however, whether the needed changes in domestic policies required to avert worstcase scenarios would come into place in the foreseeable future. The risks posed by high and in places inflated house prices to financial and economic stability should not be overlooked either, alt ...
... Outlook, it is unclear, however, whether the needed changes in domestic policies required to avert worstcase scenarios would come into place in the foreseeable future. The risks posed by high and in places inflated house prices to financial and economic stability should not be overlooked either, alt ...
Information Frictions, Nominal Shocks, and the Role of Inventories in
... but do not have perfect information regarding the economy-wide average marginal cost, which is needed in order to set firms’ prices optimally. Nimark shows that these assumptions help explain a gradual and persistent inflation response to nominal shocks. Similarly, recent literature on dispersed inf ...
... but do not have perfect information regarding the economy-wide average marginal cost, which is needed in order to set firms’ prices optimally. Nimark shows that these assumptions help explain a gradual and persistent inflation response to nominal shocks. Similarly, recent literature on dispersed inf ...
Investigate how and the extent to which foreign aid damages the
... 1990s. Instead, it is one of the poorest countries in the world and its per capita income in the early 1990s was lower than it had been in 1960, under US$5004. Foreign aid is highly fungible, which allows for resources to be easily misallocated and/or misappropriated. Nevertheless, economic retrogre ...
... 1990s. Instead, it is one of the poorest countries in the world and its per capita income in the early 1990s was lower than it had been in 1960, under US$5004. Foreign aid is highly fungible, which allows for resources to be easily misallocated and/or misappropriated. Nevertheless, economic retrogre ...
Principles of Economics, Case and Fair,9e
... c. When households form positive expectations about the future. d. None of the above. In all of the cases above, aggregate consumption will rise. ...
... c. When households form positive expectations about the future. d. None of the above. In all of the cases above, aggregate consumption will rise. ...
RVI113_en.pdf
... production systems in pursuit of social and economic change have never been neutral. As Rosanvallon (1989) pointed out in his study of the development of Keynesianism in France, economic ideas, unlike theories in the physical and natural sciences, are not addressed on a homogeneous plane of knowledg ...
... production systems in pursuit of social and economic change have never been neutral. As Rosanvallon (1989) pointed out in his study of the development of Keynesianism in France, economic ideas, unlike theories in the physical and natural sciences, are not addressed on a homogeneous plane of knowledg ...
Chapter 24: Aggregate Demand, Aggregate Supply, and Inflation
... inventory investment can be unplanned -- if a store fails to sell what it had expected to, it winds up with more inventory than it had expected. Stores with unplanned inventory investment will cut back on orders - ...
... inventory investment can be unplanned -- if a store fails to sell what it had expected to, it winds up with more inventory than it had expected. Stores with unplanned inventory investment will cut back on orders - ...
The NAIRU in Theory and Practice
... walk during this period (Barsky, 1987; Ball, 2000). In such a setting, forecasting future in ation with past in ation, as is assumed by adaptive expectations, is not far from rational. In this environment, U* can be viewed as the NAIRU, the unemployment rate at which in ation will be stable, abse ...
... walk during this period (Barsky, 1987; Ball, 2000). In such a setting, forecasting future in ation with past in ation, as is assumed by adaptive expectations, is not far from rational. In this environment, U* can be viewed as the NAIRU, the unemployment rate at which in ation will be stable, abse ...
Chapter 16
... Aggregate Demand Theories of the Business Cycle The Monetarist Cycle Mechanism (cont.) An increase in the money supply leads to: • The quantity of real money increases. • Interest rates fall. • Real money balances increase. • The dollar loses value on the foreign ...
... Aggregate Demand Theories of the Business Cycle The Monetarist Cycle Mechanism (cont.) An increase in the money supply leads to: • The quantity of real money increases. • Interest rates fall. • Real money balances increase. • The dollar loses value on the foreign ...
Chapter 24: Aggregate Demand, Aggregate Supply, and Inflation
... The Aggregate Supply Curve: A Warning • When we draw a firm’s supply curve, we assume that input prices are constant. In macroeconomics, an increase in the overall price level means that at least some input prices will be rising as well. • The outputs of some firms are the inputs of other firms. ...
... The Aggregate Supply Curve: A Warning • When we draw a firm’s supply curve, we assume that input prices are constant. In macroeconomics, an increase in the overall price level means that at least some input prices will be rising as well. • The outputs of some firms are the inputs of other firms. ...
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.