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THAILAND AUTOMOTIVE CLUSTER Microeconomics of Competitiveness 2007 Final Paper Zsin Woon, Teoh
... optimal mix of skilled to unskilled worker and firms pay large premiums to workers with tertiary and technical education. The same report estimates that skills shortage is “costing firms 15% of their sales on average” while firms surveyed by PICS revealed that lack of qualified IT personnel is a key ...
... optimal mix of skilled to unskilled worker and firms pay large premiums to workers with tertiary and technical education. The same report estimates that skills shortage is “costing firms 15% of their sales on average” while firms surveyed by PICS revealed that lack of qualified IT personnel is a key ...
On Rostow`s `Stages` Thesis and Explanation of `Take
... industrial revolution in Britain was underway. Rostow makes it clear that his characterization of the pre-condition for take-off mainly relate to this general case. The second kind of nations are those which he called ‘born free’, being all English-speaking countries and former colonies of Britain w ...
... industrial revolution in Britain was underway. Rostow makes it clear that his characterization of the pre-condition for take-off mainly relate to this general case. The second kind of nations are those which he called ‘born free’, being all English-speaking countries and former colonies of Britain w ...
DOES HIGH INFLATION AFFECT GROWTH IN THE LONG
... findings about the order of integration of prices and industrial output in Brazil during the period analyzed (e.g., Cati et. al., 1999, and Campelo and CribariNeto, 2000). Thus, we proceed to investigate the long-run response of output to a permanent inflation shock8 . Table 2 gives estimates of var ...
... findings about the order of integration of prices and industrial output in Brazil during the period analyzed (e.g., Cati et. al., 1999, and Campelo and CribariNeto, 2000). Thus, we proceed to investigate the long-run response of output to a permanent inflation shock8 . Table 2 gives estimates of var ...
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... agricultural prices in the main agricultural producing countries. In order to comply with the Uruguay Round Agreement on Agriculture, several reforms of the European agricultural policies were undertaken in both the agricultural and the agrifood sector. One of the aims of this agreement was to reduc ...
... agricultural prices in the main agricultural producing countries. In order to comply with the Uruguay Round Agreement on Agriculture, several reforms of the European agricultural policies were undertaken in both the agricultural and the agrifood sector. One of the aims of this agreement was to reduc ...
Chapter 21 Stabilization Policy with Backward
... workers would want to be compensated via a cost-of-living indexation clause in their contracts. But since the prices of domestic goods do not automatically follow the prices of imports when the two types of goods are imperfect substitutes, domestic employers would not want to fully compensate worker ...
... workers would want to be compensated via a cost-of-living indexation clause in their contracts. But since the prices of domestic goods do not automatically follow the prices of imports when the two types of goods are imperfect substitutes, domestic employers would not want to fully compensate worker ...
22-66 What Happens When Potential Output Changes?
... necessary for reducing economic volatility, the deep recession that began in December 2007 shows that it is not sufficient. • If households and businesses are no longer able or willing to use credit to smooth their spending over time it may not be possible for Fed policymakers to sustain the low eco ...
... necessary for reducing economic volatility, the deep recession that began in December 2007 shows that it is not sufficient. • If households and businesses are no longer able or willing to use credit to smooth their spending over time it may not be possible for Fed policymakers to sustain the low eco ...
Economic growth in Latin America in the late 20th
... changes in the global economy, and internal policy transformations have dominated the growth process of the last 30 or 40 years in Latin America. The 1980s and 1990s have been decades of instability and slow growth for most of the Latin American region. There are exceptions, however. Chile and the D ...
... changes in the global economy, and internal policy transformations have dominated the growth process of the last 30 or 40 years in Latin America. The 1980s and 1990s have been decades of instability and slow growth for most of the Latin American region. There are exceptions, however. Chile and the D ...
The determinants of national innovative capacity
... most studies of innovation are set in a given public policy environment (Griliches, 1994, 1998), policy analysis requires an evaluation of how innovation varies with country-level policy differences. This paper evaluates the sources of differences among countries in the production of visible innovat ...
... most studies of innovation are set in a given public policy environment (Griliches, 1994, 1998), policy analysis requires an evaluation of how innovation varies with country-level policy differences. This paper evaluates the sources of differences among countries in the production of visible innovat ...
Foreign Direct Investment: South Africa’s Elixir of Life?
... A recent article by Akinlo (2004) however points out that it cannot unambiguously be said that FDI is growth enhancing. Many of the studies with showing a positive relationship between FDI and growth, focused on Latin American and Asian countries, where the FDI is focussed on the manufacturing indu ...
... A recent article by Akinlo (2004) however points out that it cannot unambiguously be said that FDI is growth enhancing. Many of the studies with showing a positive relationship between FDI and growth, focused on Latin American and Asian countries, where the FDI is focussed on the manufacturing indu ...
Slides 2
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
Chapter 9 Presentation - Kellogg Community College
... example, if factor costs increase, the investment demand curve will shift to the left. If improved economic conditions are expected, the investment demand curve will shift to the right. If investment spending declines, the aggregate demand curve will shift to the left. As investment spending increas ...
... example, if factor costs increase, the investment demand curve will shift to the left. If improved economic conditions are expected, the investment demand curve will shift to the right. If investment spending declines, the aggregate demand curve will shift to the left. As investment spending increas ...
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... between the industry premium and the mean. These results confirm the literature’s conclusion that the interindustry wage structure is very stable. A possible source of the wage sluggishness is evident from the coefficients estimated in the employment growth regression, shown in the bottom panel of t ...
... between the industry premium and the mean. These results confirm the literature’s conclusion that the interindustry wage structure is very stable. A possible source of the wage sluggishness is evident from the coefficients estimated in the employment growth regression, shown in the bottom panel of t ...
Canada–United States Labour Productivity Gap
... The factors behind, and the effect of, Canada’s greater emphasis on smaller firms has been investigated by a number of researchers (Baldwin and Gorecki 1986; Inwood and Keay 2005; Leung et al. 2008). 1 The issue is usually approached indirectly by developing estimates of improvements in labour produ ...
... The factors behind, and the effect of, Canada’s greater emphasis on smaller firms has been investigated by a number of researchers (Baldwin and Gorecki 1986; Inwood and Keay 2005; Leung et al. 2008). 1 The issue is usually approached indirectly by developing estimates of improvements in labour produ ...
Economics Focus
... China to overtake the US to become the largest economy in the world by 2020 – to be in turn overtaken by India by 2050. We expect broad and sustained growth in real GDP per capita in today’s poorer economies. This would much reduce the – often enormous – gap between their per capita incomes and thos ...
... China to overtake the US to become the largest economy in the world by 2020 – to be in turn overtaken by India by 2050. We expect broad and sustained growth in real GDP per capita in today’s poorer economies. This would much reduce the – often enormous – gap between their per capita incomes and thos ...
Technological Diversification Miklos Koren and Silvana Tenreyro
... as before as the standard deviation of real sales growth) on (logged) size, where size is measured as either the number of employees or the volume of sales of the …rm. The data for Ghana, Kenya, and Nigeria come from the Center for the Study of African Economies (CSAE) comparative …rm-level dataset; ...
... as before as the standard deviation of real sales growth) on (logged) size, where size is measured as either the number of employees or the volume of sales of the …rm. The data for Ghana, Kenya, and Nigeria come from the Center for the Study of African Economies (CSAE) comparative …rm-level dataset; ...
I. Production Possibility Frontier (PPF)
... in technology or a combination of both. Economies can reach higher levels of capital or technology by increasing the amount of capital goods. In other words, countries that sacrifice consumption today will experience faster economic growth and will have more consumption in the future. For many devel ...
... in technology or a combination of both. Economies can reach higher levels of capital or technology by increasing the amount of capital goods. In other words, countries that sacrifice consumption today will experience faster economic growth and will have more consumption in the future. For many devel ...
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.