![Why Has the Cyclicality of Productivity Changed? What Does It Mean?](http://s1.studyres.com/store/data/005554350_1-5e1c72eb727dac7df9f4bf09e7af2920-300x300.png)
Why Has the Cyclicality of Productivity Changed? What Does It Mean?
... cyclicality. But tests of this hypothesis suffer inherently from data limitations. The reasons for earlier procyclicality, and the shift towards countercyclicality, have implications for business-cycle modeling. First, the evidence has not been kind to the original RBC view that business cycles are ...
... cyclicality. But tests of this hypothesis suffer inherently from data limitations. The reasons for earlier procyclicality, and the shift towards countercyclicality, have implications for business-cycle modeling. First, the evidence has not been kind to the original RBC view that business cycles are ...
Credit Constraints as a Barrier to the Entry and Post
... and Estonia, the number of firms in the economy is too small, which limits the ability to compute consistent entry rates for a large number of sectors. Moreover, for these countries we do not have long time series (less than 6 years). We checked whether these choices affected entry regressions: a se ...
... and Estonia, the number of firms in the economy is too small, which limits the ability to compute consistent entry rates for a large number of sectors. Moreover, for these countries we do not have long time series (less than 6 years). We checked whether these choices affected entry regressions: a se ...
Principles of Economics, Case and Fair,8e
... THE COMPONENTS OF THE MACROECONOMY THE THREE MARKET ARENAS Another way of looking at the ways households, firms, the government, and the rest of the world relate to each other is to consider the markets in which they ...
... THE COMPONENTS OF THE MACROECONOMY THE THREE MARKET ARENAS Another way of looking at the ways households, firms, the government, and the rest of the world relate to each other is to consider the markets in which they ...
APMacroPracFIN
... d. can only move the economy out of a recessionary gap if the SRAS curve drops. e. can only move the economy out of a recessionary gap if the SRAS curve rises. ____ 38. Suppose Congress decreases income taxes. This is an example of a. expansionary fiscal policy. b. expansionary monetary policy. c. c ...
... d. can only move the economy out of a recessionary gap if the SRAS curve drops. e. can only move the economy out of a recessionary gap if the SRAS curve rises. ____ 38. Suppose Congress decreases income taxes. This is an example of a. expansionary fiscal policy. b. expansionary monetary policy. c. c ...
Urbanization with and without Industrialization
... exports and show they have a causal effect on urbanization rates. We then construct a model that can account for these facts. We adapt a standard model of structural change to explain how resource endowments can lead to urbanization as well as affect the sectoral composition of the urban labor force ...
... exports and show they have a causal effect on urbanization rates. We then construct a model that can account for these facts. We adapt a standard model of structural change to explain how resource endowments can lead to urbanization as well as affect the sectoral composition of the urban labor force ...
2007 Economic Outlook - Government of Sint Maarten
... Maarten prepared by the Department of Economic Policy and Research. The primary goals are to provide an accurate economic overview of the island, performance and projections. St Maarten is at a crossroad, as the island moves even closer towards achieving status aparte. On November 2, 2006, the St Ma ...
... Maarten prepared by the Department of Economic Policy and Research. The primary goals are to provide an accurate economic overview of the island, performance and projections. St Maarten is at a crossroad, as the island moves even closer towards achieving status aparte. On November 2, 2006, the St Ma ...
a study of factors responsible for growth, sickness and mortality of
... .Most Indians are content with secure life rather than taking risk by venturing out as an entrepreneur. Our culture doesn’t encourage us to realize ideas and be an investor. Nurturing an idea is key to entrepreneurship. Studies have revealed that high mortality rate of businesses are frequent due to ...
... .Most Indians are content with secure life rather than taking risk by venturing out as an entrepreneur. Our culture doesn’t encourage us to realize ideas and be an investor. Nurturing an idea is key to entrepreneurship. Studies have revealed that high mortality rate of businesses are frequent due to ...
Determinants of Foreign Direct Investment in Transition Economies
... According to this theory, superior knowledge and economies of scale are two main factors for monopolistic advantages. Superior knowledge refers to managerial skills, production technologies, knowledge of products and industrial organization, which are the driving forces of creating unique product di ...
... According to this theory, superior knowledge and economies of scale are two main factors for monopolistic advantages. Superior knowledge refers to managerial skills, production technologies, knowledge of products and industrial organization, which are the driving forces of creating unique product di ...
Chapter 25 060413-1 檔案
... Inflation Inertia 通膨慣性; 通膨僵固性: In industrial economies, inflation tends to be inertial for two reasons: 通膨慣性的兩個成因 1. Inflation expectations. 預期心理 2. Long-term wage and price contracts. 長期契約 因為通貨膨脹的慣性,可能有良性循環 (virtuous circle),也可能有惡性循環 (vicious circle) ...
... Inflation Inertia 通膨慣性; 通膨僵固性: In industrial economies, inflation tends to be inertial for two reasons: 通膨慣性的兩個成因 1. Inflation expectations. 預期心理 2. Long-term wage and price contracts. 長期契約 因為通貨膨脹的慣性,可能有良性循環 (virtuous circle),也可能有惡性循環 (vicious circle) ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... 13.9 percent of the total gross domestic product and of course the contribution of the sector to be useful for the growth of the national economy , through foreign exchange earnings received from the large consumption incurred by the traveler to national goods and services . It is also able to provi ...
... 13.9 percent of the total gross domestic product and of course the contribution of the sector to be useful for the growth of the national economy , through foreign exchange earnings received from the large consumption incurred by the traveler to national goods and services . It is also able to provi ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Service Economy
... earnings of full-time employees. If, as seems likely, part-time employees earn less per hour than full-time employees, the OBE procedure will understate th& true full-time equivalent employment and will overstate the average annual earnings obtained by dividing total payroll by full-time equivalent ...
... earnings of full-time employees. If, as seems likely, part-time employees earn less per hour than full-time employees, the OBE procedure will understate th& true full-time equivalent employment and will overstate the average annual earnings obtained by dividing total payroll by full-time equivalent ...
Transport implications of future options for the New Zealand economy
... proportion is unlikely to change in the foreseeable future. We focus heavily on AERU‟s population data because it has a strong correlation with the number of light passenger and light commercial vehicles on the road - crucial in considering impacts like congestion effects of the different Futures. I ...
... proportion is unlikely to change in the foreseeable future. We focus heavily on AERU‟s population data because it has a strong correlation with the number of light passenger and light commercial vehicles on the road - crucial in considering impacts like congestion effects of the different Futures. I ...
Chapter 15: Modern Macro - From Short-Run to Long-Run
... In the previous illustration, the increase in the supply of money had no effect on real interest rates, investment, or output Economists call this the long-run neutrality of money In the long run, changes in the supply of money are neutral with respect to “real” variables in the economy Increase of ...
... In the previous illustration, the increase in the supply of money had no effect on real interest rates, investment, or output Economists call this the long-run neutrality of money In the long run, changes in the supply of money are neutral with respect to “real” variables in the economy Increase of ...
Document
... UK are healthy, production in exporting industries will increase, adding both to national output and also the incomes of those people who work in these industries. M: Imports of goods and services. Imports are a withdrawal (leakage) from the circular flow of income and spending in the economy. Goods ...
... UK are healthy, production in exporting industries will increase, adding both to national output and also the incomes of those people who work in these industries. M: Imports of goods and services. Imports are a withdrawal (leakage) from the circular flow of income and spending in the economy. Goods ...
Effect of GDP, Interest Rate and Inflation on Private Investment in
... on private investment in Rwanda (1995-2009) by means of econometric analysis based on the cointegration and Error Correction Model (ECM). The study findings support the existence of a short-run dynamic adjustment and the long-run equilibrium relationship between these macroeconomic variables and pri ...
... on private investment in Rwanda (1995-2009) by means of econometric analysis based on the cointegration and Error Correction Model (ECM). The study findings support the existence of a short-run dynamic adjustment and the long-run equilibrium relationship between these macroeconomic variables and pri ...
Skill biased heterogeneous firms, trade liberalization, and the skill
... (2002) provides a theoretical framework to explain this phenomenon, as well as the acceleration in the bias in favor of skilled labor post 1979 in the U.S. New technologies are embodied in new goods, and Xiang (2005) shows that new goods have higher skill intensity. Skill-biased technological hetero ...
... (2002) provides a theoretical framework to explain this phenomenon, as well as the acceleration in the bias in favor of skilled labor post 1979 in the U.S. New technologies are embodied in new goods, and Xiang (2005) shows that new goods have higher skill intensity. Skill-biased technological hetero ...
Labor Reallocation and Productivity Dynamics: Financial Causes
... growth are significantly and positively associated with subsequent productivity. Yet, they are not equal: the path for subsequent productivity is much more sensitive to the allocation component of past productivity growth than it is to the common component of past productivity growth. For example, t ...
... growth are significantly and positively associated with subsequent productivity. Yet, they are not equal: the path for subsequent productivity is much more sensitive to the allocation component of past productivity growth than it is to the common component of past productivity growth. For example, t ...
geografski institut
... less than the figure registered in 1995. At the regional level the picture is not much different: between the years 2000 and 2007, twenty eight of the thirty Portuguese NUTS III regions registered a sharp decline in the respective average annual real GDP per capita growth rate3, relative to the prec ...
... less than the figure registered in 1995. At the regional level the picture is not much different: between the years 2000 and 2007, twenty eight of the thirty Portuguese NUTS III regions registered a sharp decline in the respective average annual real GDP per capita growth rate3, relative to the prec ...
Future Journeys
... for aviation growth, Airbus’ traffic forecasts also test and use other variables. For example, the Chinese market is also driven by real consumption and trade, which are used to forecast future demand. Last year, Chinese domestic traffic was identified as the largest flow by the end of the forecast ...
... for aviation growth, Airbus’ traffic forecasts also test and use other variables. For example, the Chinese market is also driven by real consumption and trade, which are used to forecast future demand. Last year, Chinese domestic traffic was identified as the largest flow by the end of the forecast ...
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.