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... 2005). However, agricultural GDP per capita has actually fallen over this period, rural household income growth has been slow, and rural poverty remains high. Moreover, Uganda’s northern region, where a quarter the population lives, has not participated in the growth process, in large measure becaus ...
... 2005). However, agricultural GDP per capita has actually fallen over this period, rural household income growth has been slow, and rural poverty remains high. Moreover, Uganda’s northern region, where a quarter the population lives, has not participated in the growth process, in large measure becaus ...
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... With lower real money balances (or, equivalently, the same nominal balances but higher goods prices), people demand a smaller quantity of goods and services. ...
... With lower real money balances (or, equivalently, the same nominal balances but higher goods prices), people demand a smaller quantity of goods and services. ...
research paper series Competition, Trade and Wages Research Paper 2001/03
... Next, I introduce a model which highlights the effect of quantitative import restrictions on technology choice by oligopolistic firms. The model predicts that trade liberalisation encourages both exporting and importcompeting firms to invest more aggressively, raising the investment-intensity of pro ...
... Next, I introduce a model which highlights the effect of quantitative import restrictions on technology choice by oligopolistic firms. The model predicts that trade liberalisation encourages both exporting and importcompeting firms to invest more aggressively, raising the investment-intensity of pro ...
Chapter 17 / The Income Adjustment Mechanism and Synthesis of
... The absorption approach points out that this may not work if the economy is at full employment, because it will eventually translate into price increases that will restore the deficit. If the economy is at less than full employment, then currency depreciation will also increase domestic absorption, ...
... The absorption approach points out that this may not work if the economy is at full employment, because it will eventually translate into price increases that will restore the deficit. If the economy is at less than full employment, then currency depreciation will also increase domestic absorption, ...
GTAP Resource 5275
... more serious problem will happen after the 2030's, and GDP turns into decrease due to a decrease in knowledge capital stocks. To avoid such decrease in GDP, the government should keep demand for manufacturing products by enhancing children support program for an increase in birth rate of young gener ...
... more serious problem will happen after the 2030's, and GDP turns into decrease due to a decrease in knowledge capital stocks. To avoid such decrease in GDP, the government should keep demand for manufacturing products by enhancing children support program for an increase in birth rate of young gener ...
VNP – Chương trình duy nhất cấp bằng MDE tại Việt Nam YÊU CẦU
... D. If the nominal interest rate is 4 percent and the inflation rate is 3 percent, then the real interest rate is 7 percent. Q. 19: An associate professor of economics gets a $100 a month raise. She figures that with her current monthly salary she can't buy as many goods as she could last year. A. He ...
... D. If the nominal interest rate is 4 percent and the inflation rate is 3 percent, then the real interest rate is 7 percent. Q. 19: An associate professor of economics gets a $100 a month raise. She figures that with her current monthly salary she can't buy as many goods as she could last year. A. He ...
Lecture notes
... Qd = quantity of cars that buyers demand Qs = quantity that producers supply P = price of new cars Y = aggregate income Ps = price of steel (an input) CHAPTER 1 ...
... Qd = quantity of cars that buyers demand Qs = quantity that producers supply P = price of new cars Y = aggregate income Ps = price of steel (an input) CHAPTER 1 ...
The MPC and the Multipliers
... The MPC and the Investment Multiplier If the investment community increases its spending, incomes and consumption will spiral upward in multiple rounds of earning and spending. Once the process has played itself out, the economy’s equilibrium income will be higher by some multiple of the initial in ...
... The MPC and the Investment Multiplier If the investment community increases its spending, incomes and consumption will spiral upward in multiple rounds of earning and spending. Once the process has played itself out, the economy’s equilibrium income will be higher by some multiple of the initial in ...
Social democracy and full employment.
... doubt that a serious problem will arise as to how wages are to be restrained when we have a combination of collective bargaining and full employment" (quoted by Winch 1988 p 107). Kalecki's famous 1943 article on the political aspects of full employment probed rather deeper4. He started with the ass ...
... doubt that a serious problem will arise as to how wages are to be restrained when we have a combination of collective bargaining and full employment" (quoted by Winch 1988 p 107). Kalecki's famous 1943 article on the political aspects of full employment probed rather deeper4. He started with the ass ...
NIA wiki - uwcmaastricht-econ
... Technological advances often permit improved products to be sold at lower prices. This provides consumers with benefits which do not show up in statistics. Negative externalities nor the depletion of natural resources are accounted for. They reduce society’s well-being but is not reflected in GDP/GN ...
... Technological advances often permit improved products to be sold at lower prices. This provides consumers with benefits which do not show up in statistics. Negative externalities nor the depletion of natural resources are accounted for. They reduce society’s well-being but is not reflected in GDP/GN ...
1 Quantity Theory of Money
... an economy is mostly made up of electronic transactions credits that are created by private chartered banks. (These credits circulate across the accounts of individuals who are linked to the banking sector, for example, by way of a chequing account). From a theoretical point of view, it seems unreas ...
... an economy is mostly made up of electronic transactions credits that are created by private chartered banks. (These credits circulate across the accounts of individuals who are linked to the banking sector, for example, by way of a chequing account). From a theoretical point of view, it seems unreas ...
FRBSF L CONOMIC
... The estimated contributions of the three factors to past recoveries are similar when alternative estimates of the output gap and trend GDP growth are used. Replacing estimates from the Laubach and Williams model with calculations from the Congressional Budget Office (CBO 2010) yields quite similar G ...
... The estimated contributions of the three factors to past recoveries are similar when alternative estimates of the output gap and trend GDP growth are used. Replacing estimates from the Laubach and Williams model with calculations from the Congressional Budget Office (CBO 2010) yields quite similar G ...
UK Economic Forecast Q4 2014 BUSINESS WITH CONFIDENCE icaew.com/ukeconomicforecast
... being driven by the largest economies in the currency bloc – Germany, France and Italy. The economic malaise gripping the Continent is likely to have a significant impact on the UK’s performance next year. As such, the prospect of an export-led recovery anytime soon remains slim. On the upside, infl ...
... being driven by the largest economies in the currency bloc – Germany, France and Italy. The economic malaise gripping the Continent is likely to have a significant impact on the UK’s performance next year. As such, the prospect of an export-led recovery anytime soon remains slim. On the upside, infl ...
Chapter X - mcdonald - University of Illinois at Chicago
... Keynesian Theory and Policy John F. McDonald* ...
... Keynesian Theory and Policy John F. McDonald* ...
Problem Set 13
... (E) Decrease but, according to the sticky wage theory, real GDP supplied will increase. (Answer: (A)) 3. The fact that labor is an economically indivisible factor of production implies that (A) Firms will tend to adjust the quantity of labor demanded by changing hours per worker rather than changing ...
... (E) Decrease but, according to the sticky wage theory, real GDP supplied will increase. (Answer: (A)) 3. The fact that labor is an economically indivisible factor of production implies that (A) Firms will tend to adjust the quantity of labor demanded by changing hours per worker rather than changing ...
Word file#3 - Islamic Development Bank
... sustainable rate of growth and a reasonable degree of economic stability. Optimum equity may be said to have been attained if the goods and services produced are distributed in such a way that the needs of all individuals are adequately satisfied and the inequalities in income and wealth reflect so ...
... sustainable rate of growth and a reasonable degree of economic stability. Optimum equity may be said to have been attained if the goods and services produced are distributed in such a way that the needs of all individuals are adequately satisfied and the inequalities in income and wealth reflect so ...
what do we know about macroeconomics that
... making a—nonlimitative—list (if only because some of these confusions have a way of coming back in new forms). c ‘‘Say’s law’’: False. In the same way as the supply of any particular good did not automatically generate its own demand (the relative price of the good has to be right), the supply for a ...
... making a—nonlimitative—list (if only because some of these confusions have a way of coming back in new forms). c ‘‘Say’s law’’: False. In the same way as the supply of any particular good did not automatically generate its own demand (the relative price of the good has to be right), the supply for a ...
Macroeconomic Equilibrium File
... aggregate demand is inversely proportional. In case of decline in the price level planned aggregate expenditures grow. If the price level falls, then an immediate impact on household spending (C) is such that their disposable income remains the same nominally, but its real value increases. This mea ...
... aggregate demand is inversely proportional. In case of decline in the price level planned aggregate expenditures grow. If the price level falls, then an immediate impact on household spending (C) is such that their disposable income remains the same nominally, but its real value increases. This mea ...
10.00 points 10.00 points
... A shortage will cause the price to rise and the quantity supplied to increase. A surplus will cause the price to fall and the quantity supplied to decrease. A surplus will cause the price to fall and the quantity supplied to increase. ...
... A shortage will cause the price to rise and the quantity supplied to increase. A surplus will cause the price to fall and the quantity supplied to decrease. A surplus will cause the price to fall and the quantity supplied to increase. ...
When Does Domestic Saving Matter for Economic
... Can a country grow faster by saving more? This question has been raised by policy makers, for example when discussing the contrast between the high growth in East Asia and the slow growth in Latin America, two middle-income regions with comparable levels of per capita GDP in the 1960s. This contrast ...
... Can a country grow faster by saving more? This question has been raised by policy makers, for example when discussing the contrast between the high growth in East Asia and the slow growth in Latin America, two middle-income regions with comparable levels of per capita GDP in the 1960s. This contrast ...
A modern industrial strategy to underpin UK economic
... This is a timely initiative. Facing the potential challenges of Brexit, UK businesses need a consistent policy framework to support investment and guide key decisions over the years ahead. The UK government is right to focus on a “horizontal approach” to Industrial Strategy, which does not seek to f ...
... This is a timely initiative. Facing the potential challenges of Brexit, UK businesses need a consistent policy framework to support investment and guide key decisions over the years ahead. The UK government is right to focus on a “horizontal approach” to Industrial Strategy, which does not seek to f ...
Biased Technological Progress and Labor Force
... production parameters: namely, differences in the possibilities for factor substitution. 6. The decision to include capital has necessitated the omission of land. While we recognize that the quality and character of land in a low-income economy may have an important effect on production, economic th ...
... production parameters: namely, differences in the possibilities for factor substitution. 6. The decision to include capital has necessitated the omission of land. While we recognize that the quality and character of land in a low-income economy may have an important effect on production, economic th ...
Session 37, WTO Public Forum, 26 September 2012, 14:15
... The economies of least-developed countries (LDCs) had been steadily improving until the global economic meltdown in 2008 and are currently on the path of a faltering recovery. Growth is still being generated mainly by exports of raw materials and semi-processed products to the markets of developed c ...
... The economies of least-developed countries (LDCs) had been steadily improving until the global economic meltdown in 2008 and are currently on the path of a faltering recovery. Growth is still being generated mainly by exports of raw materials and semi-processed products to the markets of developed c ...
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.