Profitability, Investment and Employment
... The effects of fiscal policies in such a savings-constrained economy have been explored by the present author in two recent papers, Barry (1983, 1984b). The second o f these shows that the sector specific Capital models of H e l p m a n and R.0dseth correctly predict the i n i t i a l response of th ...
... The effects of fiscal policies in such a savings-constrained economy have been explored by the present author in two recent papers, Barry (1983, 1984b). The second o f these shows that the sector specific Capital models of H e l p m a n and R.0dseth correctly predict the i n i t i a l response of th ...
Chapter 25 - uob.edu.bh
... has no effect on the aggregate demand curve and cannot offset the leftward shift stemming from the reduction in the money supply. 5. The lower cost of foreign goods means that the costs of production fall in the United States and the aggregate supply curve shifts outward. The strong dollar makes for ...
... has no effect on the aggregate demand curve and cannot offset the leftward shift stemming from the reduction in the money supply. 5. The lower cost of foreign goods means that the costs of production fall in the United States and the aggregate supply curve shifts outward. The strong dollar makes for ...
The Economics of Subsidies
... Edem and Musa will also induce Kofi to increase his effort. Aggregate effort will be higher and the distribution of income will be less skewed. Hence, less inequality in the distribution of the million dollars led to an increase in aggregate effort. This argument makes sense if the distribution of a ...
... Edem and Musa will also induce Kofi to increase his effort. Aggregate effort will be higher and the distribution of income will be less skewed. Hence, less inequality in the distribution of the million dollars led to an increase in aggregate effort. This argument makes sense if the distribution of a ...
AP-Macroeconomics Syllabus
... Program: AP Macroeconomics is offered as an alternative to the required economics course that all Michigan students must take to graduate high school. Student selection into AP Macroeconomics is based on the individual’s enthusiasm for the subject matter as well as their ability, willingness, and se ...
... Program: AP Macroeconomics is offered as an alternative to the required economics course that all Michigan students must take to graduate high school. Student selection into AP Macroeconomics is based on the individual’s enthusiasm for the subject matter as well as their ability, willingness, and se ...
Lessons From Countries That Have Sustained Their
... judiciary, they were sufficient to put the country on a growth path that was sustained for nearly two decades. In multiethnic Malaysia, the response to the racial riots of 1969—which could have destabilized the country for decades and reduced growth far below its potential, as happened in Sri Lanka— ...
... judiciary, they were sufficient to put the country on a growth path that was sustained for nearly two decades. In multiethnic Malaysia, the response to the racial riots of 1969—which could have destabilized the country for decades and reduced growth far below its potential, as happened in Sri Lanka— ...
Eco120Int Tutorials
... 6. Which of the following people would be considered unemployed? A) A part-time worker who wishes to work full time. B) A person who gave up looking for jobs because he or she was discouraged about his or her ...
... 6. Which of the following people would be considered unemployed? A) A part-time worker who wishes to work full time. B) A person who gave up looking for jobs because he or she was discouraged about his or her ...
Test 3 - Department of Economics
... BP curve, initially there is also external balance in the economy. The drop in i* leaves the balance in the current account unchanged but causes the balance in the capital account to improve. Therefore, at point A there is now a surplus in the external sector. Note that for the external sector to re ...
... BP curve, initially there is also external balance in the economy. The drop in i* leaves the balance in the current account unchanged but causes the balance in the capital account to improve. Therefore, at point A there is now a surplus in the external sector. Note that for the external sector to re ...
Chapter 34
... multiplier effect works only if there is enough unemployed labor available • The multiplier effect will end up creating jobs in other countries if people end up spending their incomes on imported goods ...
... multiplier effect works only if there is enough unemployed labor available • The multiplier effect will end up creating jobs in other countries if people end up spending their incomes on imported goods ...
Circular Flow: Drawing Further Inspiration from William Harvey
... Sometimes called "profit goods" by socialist writers (Carruthers 1883, Fairman 1888). For these writers, profit goods are pure luxury goods. Keynes (1936) uses Pigou's term "non-wage-goods" alongside "wage-goods". ...
... Sometimes called "profit goods" by socialist writers (Carruthers 1883, Fairman 1888). For these writers, profit goods are pure luxury goods. Keynes (1936) uses Pigou's term "non-wage-goods" alongside "wage-goods". ...
Lesson Number 4: Objectives - The Learning House
... The Paradox of Thrift- 60 Second Economics. http://youtu.be/qrHyDztQlBY Discussion Assignments 1. Why do economists pay so much attention to investment, even though it is a relatively small component of aggregate spending? 2. What measures have been taken to increase demand in the recent recession? ...
... The Paradox of Thrift- 60 Second Economics. http://youtu.be/qrHyDztQlBY Discussion Assignments 1. Why do economists pay so much attention to investment, even though it is a relatively small component of aggregate spending? 2. What measures have been taken to increase demand in the recent recession? ...
The literature provides a rich catalogue of models that deal... and planning in developing countries. ... CHAPTER FIVE THEORETICAL AND ANALYTICAL FRAMEWORK
... serve as vehicles for reaching the development goals. These sectors must also have the capability to improve household income, by strengthening their labour power, return on labour and most importantly, the accessibility by the poor to assets or social capital. This chapter argues that the sectors ...
... serve as vehicles for reaching the development goals. These sectors must also have the capability to improve household income, by strengthening their labour power, return on labour and most importantly, the accessibility by the poor to assets or social capital. This chapter argues that the sectors ...
The Lucky Country: Has it Run out of Luck?
... synonym for Australia’s prosperity, resource endowment and the geography that has isolated us from many of the problems experienced elsewhere in the world. What Horne actually said is that: “Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ...
... synonym for Australia’s prosperity, resource endowment and the geography that has isolated us from many of the problems experienced elsewhere in the world. What Horne actually said is that: “Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ...
Macroeconomics, HW 1
... in which direction? What happens to aggregate output and the price level in each case? (a) The price level changes. The price level is assumed to be determined by the free market. Fluctuations in price will cause changes in neither aggregate supply nor aggregate demand. As such, the price level will ...
... in which direction? What happens to aggregate output and the price level in each case? (a) The price level changes. The price level is assumed to be determined by the free market. Fluctuations in price will cause changes in neither aggregate supply nor aggregate demand. As such, the price level will ...
Biofuels in the United States Transportation Sector
... Shipping methods expensive, at capacity Getting Away From Corn Many concerned about food prices Economic Troubles Arguably, subsidies are required to keep many producers solvent ...
... Shipping methods expensive, at capacity Getting Away From Corn Many concerned about food prices Economic Troubles Arguably, subsidies are required to keep many producers solvent ...
Assessment Schedule – 2013
... Free trade will increase demand for exports. With the increased demand, New Zealand producers will increase production, which will require more resources. The exporters may employ more labour, as production increases. This will reduce the unemployment rate. Some workers will lose jobs – however, as ...
... Free trade will increase demand for exports. With the increased demand, New Zealand producers will increase production, which will require more resources. The exporters may employ more labour, as production increases. This will reduce the unemployment rate. Some workers will lose jobs – however, as ...
Economic policy and outlook
... March and August, bringing the repo rate to 6 per cent, the lowest level since it was introduced in 1998. Subdued headline inflation should allow monetary policy to remain supportive of growth over the medium term. ...
... March and August, bringing the repo rate to 6 per cent, the lowest level since it was introduced in 1998. Subdued headline inflation should allow monetary policy to remain supportive of growth over the medium term. ...
Aggregate Supply - Macro File
... • An increase in wages will result in an increase in the cost of production to firms, and therefore a fall in aggregate supply. • If for example, the government raised the legal minimum wage, it would increase labour costs. • If labour unions were to negotiate higher wages for workers as part of ent ...
... • An increase in wages will result in an increase in the cost of production to firms, and therefore a fall in aggregate supply. • If for example, the government raised the legal minimum wage, it would increase labour costs. • If labour unions were to negotiate higher wages for workers as part of ent ...
NBER WORKING PAPER SERIES IMPERFECT COMPETITION AND THE KEYNESIAN CROSS N. Gregory Mankiw
... but only to illustrate what sort of Keynesian results one can obtain with a small movement away from Walrasian equilibrium in the direction of imperfect competition. ...
... but only to illustrate what sort of Keynesian results one can obtain with a small movement away from Walrasian equilibrium in the direction of imperfect competition. ...
A gazdasági fejlettséget illetően is vegyes képet mutat Európa:
... with relatively higher investment and saving rate have relatively higher income level (GDP per capita) and capital in the long run1. The neoclassical model says that countries converge to that equilibrium state, which is determined by their own population growth, saving rate and depreciation (condit ...
... with relatively higher investment and saving rate have relatively higher income level (GDP per capita) and capital in the long run1. The neoclassical model says that countries converge to that equilibrium state, which is determined by their own population growth, saving rate and depreciation (condit ...
Globalization of IT Services and White Collar Jobs: The Next Wave of Productivity Growth
... the Internet and standardization of methods, software and services are now beginning to be produced globally. Just as for IT hardware, globally integrated production of IT software and services will reduce these prices and make tailoring of business-specific packages affordable, which will promote f ...
... the Internet and standardization of methods, software and services are now beginning to be produced globally. Just as for IT hardware, globally integrated production of IT software and services will reduce these prices and make tailoring of business-specific packages affordable, which will promote f ...
shifts in global economics 2012
... As the second decade of the 21st century unfolds and the world exits from the 2008–09 financial crisis, the growing clout of emerging markets is paving the way for a world economy with an increasingly multi-polar character. The distribution of global growth will become more diff use, with no single ...
... As the second decade of the 21st century unfolds and the world exits from the 2008–09 financial crisis, the growing clout of emerging markets is paving the way for a world economy with an increasingly multi-polar character. The distribution of global growth will become more diff use, with no single ...
Infrastructure policy challenges post-2008
... 1. how much will gvts REALLY continue to support infrastructure as part of global recovery efforts? 2. how much will their concern for debt and stabilization cut ODA and hence support to infrastructure in DCs? 3. How much will the emerging new financial regulation further limit the scope for creativ ...
... 1. how much will gvts REALLY continue to support infrastructure as part of global recovery efforts? 2. how much will their concern for debt and stabilization cut ODA and hence support to infrastructure in DCs? 3. How much will the emerging new financial regulation further limit the scope for creativ ...
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.