![Say`s Law: Criticisms, Responses, and a Restatement](http://s1.studyres.com/store/data/015968054_1-1095f8b093d6608350edcdfeb3ec1d65-300x300.png)
Integrative Economy 2015
... These are genuinely different times. In all previous economic transitions, as old jobs became obsolete, new jobs replaced them. This time, due to technology, less and less humans will be needed to do the work in traditional business and government work sectors--forever. We need new solutions… Copyri ...
... These are genuinely different times. In all previous economic transitions, as old jobs became obsolete, new jobs replaced them. This time, due to technology, less and less humans will be needed to do the work in traditional business and government work sectors--forever. We need new solutions… Copyri ...
Bank of England Inflation Report August 2007
... (a) Chained-volume measure at market prices. The fan chart depicts an estimated probability distribution for GDP growth over the recent past. It can be interpreted in the same way as the fan charts in Section 5. The estimated distribution suggests that there is a 90% probability that growth was with ...
... (a) Chained-volume measure at market prices. The fan chart depicts an estimated probability distribution for GDP growth over the recent past. It can be interpreted in the same way as the fan charts in Section 5. The estimated distribution suggests that there is a 90% probability that growth was with ...
Practice Question Set 1
... What will be impacts on FREX rate in the short-run (with rigid level) and in the long-run (with flexible price level)? Obviously you will have to use the Trade Approach. Specify what theories you are using for the analysis of the short- and the long-term impacts. 1) The government applies Monetary P ...
... What will be impacts on FREX rate in the short-run (with rigid level) and in the long-run (with flexible price level)? Obviously you will have to use the Trade Approach. Specify what theories you are using for the analysis of the short- and the long-term impacts. 1) The government applies Monetary P ...
Inflation
... The Aggregate Supply Curve aggregate supply The total supply of all goods and services in an economy. The Aggregate Supply Curve: A Warning aggregate supply (AS) curve A graph that shows the relationship between the aggregate quantity of output supplied by all firms in an economy and the overall pr ...
... The Aggregate Supply Curve aggregate supply The total supply of all goods and services in an economy. The Aggregate Supply Curve: A Warning aggregate supply (AS) curve A graph that shows the relationship between the aggregate quantity of output supplied by all firms in an economy and the overall pr ...
1 - Finance
... demand curve, reductions in price will increase total revenue. If a price is chosen along the inelastic portion of a downward-sloping linear demand curve, increases in price will boost total revenue. A firm seeking to maximize total revenue should reduce price until it is no longer operating on the ...
... demand curve, reductions in price will increase total revenue. If a price is chosen along the inelastic portion of a downward-sloping linear demand curve, increases in price will boost total revenue. A firm seeking to maximize total revenue should reduce price until it is no longer operating on the ...
Economic Growth
... a movement towards the curve because not all resources have been employed or used to their fullest capacity ...
... a movement towards the curve because not all resources have been employed or used to their fullest capacity ...
The Evolution of the World Income Distribution
... as well off as their parents, grandparents, and great-grandparents. In addition, they could expect their children to be about as well off as they were. Moving to a different country wouldn’t have improved living standards much either — the agricultural technology across countries was about the same. ...
... as well off as their parents, grandparents, and great-grandparents. In addition, they could expect their children to be about as well off as they were. Moving to a different country wouldn’t have improved living standards much either — the agricultural technology across countries was about the same. ...
We’re all in this together: the transmission of international 1
... being relatively closed economically to being significantly ...
... being relatively closed economically to being significantly ...
Official PDF , 63 pages - World bank documents
... This paper is a product of the Development Economics Unit. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://econ.world ...
... This paper is a product of the Development Economics Unit. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://econ.world ...
WHAt Kind of Socio-economic order do We need in eUrope?
... SH and profits retained by firms PR. It is normally assumed that for most of the time, firms invest more than they save (in the form of profits retained), hence incurring a flow of debt, the volume of which increases over time. This debt makes it possible to expand the firms’ productive capacities ...
... SH and profits retained by firms PR. It is normally assumed that for most of the time, firms invest more than they save (in the form of profits retained), hence incurring a flow of debt, the volume of which increases over time. This debt makes it possible to expand the firms’ productive capacities ...
NBER WORKING PAPER SERIES PLANT-SIZE DISTRIBUTION AND CROSS-COUNTRY INCOME DIFFERENCES Laura Alfaro
... Importantly, the unit of observation in WorldBase is the establishment rather than the firm. Establishments (also referred to as plants), like firms, have their own addresses, business names, and managers, but might be partly or wholly owned by other firms. It is therefore possible to observe new en ...
... Importantly, the unit of observation in WorldBase is the establishment rather than the firm. Establishments (also referred to as plants), like firms, have their own addresses, business names, and managers, but might be partly or wholly owned by other firms. It is therefore possible to observe new en ...
sectors labour productivity in the context of capital-labour ratio
... The main aim of this paper is to evaluate the influence of the capital-labour ratio on sectors labour productivity. The paper also deals with the influence of the business cycle on sectors labour productivity. The theoretical background is theory of real business cycle, which accounts the real varia ...
... The main aim of this paper is to evaluate the influence of the capital-labour ratio on sectors labour productivity. The paper also deals with the influence of the business cycle on sectors labour productivity. The theoretical background is theory of real business cycle, which accounts the real varia ...
PDF
... The study of the determinants of pollution has been closely linked to the environmental Kuznets curve. These studies examine a reduced form inverted u-shaped relationship between pollution and per capita income (Grossman and Krueger, 1993). Some extensions involve explicitly considering the role of ...
... The study of the determinants of pollution has been closely linked to the environmental Kuznets curve. These studies examine a reduced form inverted u-shaped relationship between pollution and per capita income (Grossman and Krueger, 1993). Some extensions involve explicitly considering the role of ...
Macroeconomic Past Paper Questions and Mark
... Candidates may include the following: a definition of the multiplier a definition of national income an explanation of the multiplier and its effect on national income an identification of leakages/withdrawals and injections/additions as factors that determine the size of the multiplier an explanati ...
... Candidates may include the following: a definition of the multiplier a definition of national income an explanation of the multiplier and its effect on national income an identification of leakages/withdrawals and injections/additions as factors that determine the size of the multiplier an explanati ...
Principles of Economics, Case and Fair,9e
... Much of Southeast Asia has fueled its growth through export-led manufacturing. For countries that have based their growth on resource extraction, there is another set of potential sustainability issues. Because extraction can be accomplished without a well-educated labor force, while other forms of ...
... Much of Southeast Asia has fueled its growth through export-led manufacturing. For countries that have based their growth on resource extraction, there is another set of potential sustainability issues. Because extraction can be accomplished without a well-educated labor force, while other forms of ...
2. preliminary assessment of the programme negotiations 2014-20
... linking it closely with EU economic governance procedures as well as simplifying it. A single indicator of total public investment (General Government gross fixed capital formation) has been chosen to measure the investment effort of national authorities, so enabling verification to be carried out t ...
... linking it closely with EU economic governance procedures as well as simplifying it. A single indicator of total public investment (General Government gross fixed capital formation) has been chosen to measure the investment effort of national authorities, so enabling verification to be carried out t ...
Document
... • What can cause a shift in the aggregate demand curve? • What is the aggregate supply curve? • Why did Keynes assume fixed product prices and wages? • What kind of supply curve would explain fixed prices and wages? ...
... • What can cause a shift in the aggregate demand curve? • What is the aggregate supply curve? • Why did Keynes assume fixed product prices and wages? • What kind of supply curve would explain fixed prices and wages? ...
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.