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inboks ru
... simultaneous equilibria in multiple markets, was initially laid down by Leon Walras (Walras, 2014). The Walrasian model describes rational individuals that optimize their objective functions; all necessary information consists of prices and is uniformly accessible for all participants; markets are p ...
... simultaneous equilibria in multiple markets, was initially laid down by Leon Walras (Walras, 2014). The Walrasian model describes rational individuals that optimize their objective functions; all necessary information consists of prices and is uniformly accessible for all participants; markets are p ...
cuba and vietnam: a new analysis of economic reforms
... element is that research projects undertaken in cooperation with outstanding international researchers in areas considered by Cuban officials to be strategically important have yielded a wealth of experience. As was to be expected, these research projects have made an important contribution to the p ...
... element is that research projects undertaken in cooperation with outstanding international researchers in areas considered by Cuban officials to be strategically important have yielded a wealth of experience. As was to be expected, these research projects have made an important contribution to the p ...
PP - Personal.kent.edu
... defense spending, paid for by additional taxes. • Consumers know the taxes will not last ...
... defense spending, paid for by additional taxes. • Consumers know the taxes will not last ...
The Impact of Infrastructure on Agricultural Productivity
... have the most significant impact on agricultural productivity. Dercon and others (2007) observe that those studies did not state whether it is the quantity of infrastructure that matters or its quality, and in the absence of distributional data, did not demonstrate the impact on poverty reduction. I ...
... have the most significant impact on agricultural productivity. Dercon and others (2007) observe that those studies did not state whether it is the quantity of infrastructure that matters or its quality, and in the absence of distributional data, did not demonstrate the impact on poverty reduction. I ...
The Two Triangles: What Did Wicksell and Keynes Know about
... false positions of the market rate of interest, his version of the NNS appears to bring a common theme of Wicksellian and Keynesian theories back to the forefront of modern macroeconomics. However, Wicksell and his followers, as well as Keynes, did not work ...
... false positions of the market rate of interest, his version of the NNS appears to bring a common theme of Wicksellian and Keynesian theories back to the forefront of modern macroeconomics. However, Wicksell and his followers, as well as Keynes, did not work ...
Sample
... and working conditions in developing countries? A) Most African countries today still suffer from low or negative GDP growth. B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there. C) The move of Electrolux to Mexico cost Michigan 2,700 job ...
... and working conditions in developing countries? A) Most African countries today still suffer from low or negative GDP growth. B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there. C) The move of Electrolux to Mexico cost Michigan 2,700 job ...
PDF
... distinct drawback of applying the net-output approach is its assumption that materials inputs are separable from other inputs and cannot be the source of productivity growth. The BLS apparently supports using the gross-output approach to measure multifactor productivity. Gullickson (1995) indicated ...
... distinct drawback of applying the net-output approach is its assumption that materials inputs are separable from other inputs and cannot be the source of productivity growth. The BLS apparently supports using the gross-output approach to measure multifactor productivity. Gullickson (1995) indicated ...
Chapter 4: The Theory of Economic Growth
... In the case of the Solow growth model, the key variable is labor productivity: output per worker, how much the average worker in the economy is able to produce. We calculate output per worker by simply taking the economy’s level of real GDP or output Y, and ...
... In the case of the Solow growth model, the key variable is labor productivity: output per worker, how much the average worker in the economy is able to produce. We calculate output per worker by simply taking the economy’s level of real GDP or output Y, and ...
Transportation and Development: Insights from the U.S., 1840-1860
... construction of the railways.2 During the same time period, real GDP per capita grew strongly and the distributions of people across the two regions and across the sectors of production changed considerably. Specifically, the northeastern labor force moved from agriculture to industry and services ( ...
... construction of the railways.2 During the same time period, real GDP per capita grew strongly and the distributions of people across the two regions and across the sectors of production changed considerably. Specifically, the northeastern labor force moved from agriculture to industry and services ( ...
the size and functions of government and economic
... the government becomes larger and undertakes more activities for which it is ill suited, negative returns set in and economic growth is retarded. This is likely to result when governments become involved in the provision of private goods—goods for which the consumption benefits accrue to the individ ...
... the government becomes larger and undertakes more activities for which it is ill suited, negative returns set in and economic growth is retarded. This is likely to result when governments become involved in the provision of private goods—goods for which the consumption benefits accrue to the individ ...
The Impact of Defense Expenditures on Arab Industrial Development Looney, R.E.
... In addition, Looney's results suggest that a careful shifting of government allocations from public-sector consumption to capital formation (providing that profitable areas for investment have not been exhausted), rather than across-the-board reductions in military expenditures, is the most producti ...
... In addition, Looney's results suggest that a careful shifting of government allocations from public-sector consumption to capital formation (providing that profitable areas for investment have not been exhausted), rather than across-the-board reductions in military expenditures, is the most producti ...
... effectively maintains utility at the level that obtains before the price change occurs, while equivalent variation maintains utility at the level that obtains after the price change occurs. Measures of consumer welfare based on compensating or equivalent variation have desirable properties that have ...
E Conseil économique et social Nations Unies
... 12. Health is an area where the performance of Asia-Pacific CSN has been poor. These countries have not made much progress in bringing down the rates of infant, under-5 and maternal mortality. Most of them will probably fail to achieve the Millennium Development Goal targets for those indicators. Th ...
... 12. Health is an area where the performance of Asia-Pacific CSN has been poor. These countries have not made much progress in bringing down the rates of infant, under-5 and maternal mortality. Most of them will probably fail to achieve the Millennium Development Goal targets for those indicators. Th ...
Transportation Costs, Agricultural Productivity and Cross
... Lower industry productivity is of particular importance in the case of agriculture, given that many developing countries are close to subsistence consumption, and suffer from what Schultz (1953) called the “food problem”: because of their low productivity in farming, they have to devote even more re ...
... Lower industry productivity is of particular importance in the case of agriculture, given that many developing countries are close to subsistence consumption, and suffer from what Schultz (1953) called the “food problem”: because of their low productivity in farming, they have to devote even more re ...
Teacher: Janet Russello Year: 2010
... traditional, command and market economies on the United States economy. 6.3.12.AScarcity and Choice ~ Analyze actions taken as a result of scarcity issues in the regional, national and international economies. 6.3.12.B- ...
... traditional, command and market economies on the United States economy. 6.3.12.AScarcity and Choice ~ Analyze actions taken as a result of scarcity issues in the regional, national and international economies. 6.3.12.B- ...
GDP per capita or Real Wages?
... from the 19th century onwards, data concerning the pre-industrial period is much more scarce. The country that has been the object of most academic e¤orts is certainly England. Economic historians have made several attempts to measure English GDP growth during the 18th century. Their aim was to …nd ...
... from the 19th century onwards, data concerning the pre-industrial period is much more scarce. The country that has been the object of most academic e¤orts is certainly England. Economic historians have made several attempts to measure English GDP growth during the 18th century. Their aim was to …nd ...
June 11
... • the value of exports was higher at the start of the period (£101.3 billion) than at the end of the period (£100.1 billion) • the value of imports was higher at the start of the period (£112.6 billion) than at the end of the period (£109.6 billion) • exports were less than imports throughout the wh ...
... • the value of exports was higher at the start of the period (£101.3 billion) than at the end of the period (£100.1 billion) • the value of imports was higher at the start of the period (£112.6 billion) than at the end of the period (£109.6 billion) • exports were less than imports throughout the wh ...
Geneva UNRISD 2008 6
... before the advent of modern growth theory by philosophers and economists from Adam Smith to W. Arthur Lewis and Robert M. Solow. Diversification away from excessive dependence on natural resources, including minerals, has been identified as a possible additional source of growth through assorted cha ...
... before the advent of modern growth theory by philosophers and economists from Adam Smith to W. Arthur Lewis and Robert M. Solow. Diversification away from excessive dependence on natural resources, including minerals, has been identified as a possible additional source of growth through assorted cha ...
Power Point: Equilibrium and Multiplier
... a) Prices Increase (decrease): in red because changes in prices do not shift the AD line! b) NX Increase (decrease) c) Exports Increase (decrease) d) Imports Increase (decrease) e) Wealth Increase (decrease) f) Interest rates Increase (decrease) ...
... a) Prices Increase (decrease): in red because changes in prices do not shift the AD line! b) NX Increase (decrease) c) Exports Increase (decrease) d) Imports Increase (decrease) e) Wealth Increase (decrease) f) Interest rates Increase (decrease) ...
Reviewing Pakistan`s Import Demand Function
... did not much affect the economy till the 1990s; even then, international trade has had a limited impact on the health of the economy. It has not led to any significant diversification of exports or to economic growth. Exports have, in turn, failed to contribute significantly to output and growth (Af ...
... did not much affect the economy till the 1990s; even then, international trade has had a limited impact on the health of the economy. It has not led to any significant diversification of exports or to economic growth. Exports have, in turn, failed to contribute significantly to output and growth (Af ...
The New Tourism: the Growth of a New Middle Class and the
... a narrowly-focused topic and it is unclear if results are generalizable. There is an active debate over whether tourism enhances or is detrimental to growth. Examples of luxury tourist resorts in poor countries suggest few possible linkages. Empirical evidence is mixed, and often focuses on an indiv ...
... a narrowly-focused topic and it is unclear if results are generalizable. There is an active debate over whether tourism enhances or is detrimental to growth. Examples of luxury tourist resorts in poor countries suggest few possible linkages. Empirical evidence is mixed, and often focuses on an indiv ...
Infrastructure Development and Economic Growth in China
... The rural economic reform of the late 1970s and early 1980s led to increases in rural labour productivity and a large surplus labour force to enter the manufacturing and service sectors. The open economic policy made it possible for the inflow of foreign direct investment (FDI) mainly to the manufa ...
... The rural economic reform of the late 1970s and early 1980s led to increases in rural labour productivity and a large surplus labour force to enter the manufacturing and service sectors. The open economic policy made it possible for the inflow of foreign direct investment (FDI) mainly to the manufa ...
Openness, Specialisation and Vulnerability of the Nordic Countries
... Our analysis first suggests that the Nordic countries are indeed open economies. This is supported by the significant share of value added that is created in their tradable sector. However, they are not significantly more open than comparable small economies in Europe, or even Germany which is a muc ...
... Our analysis first suggests that the Nordic countries are indeed open economies. This is supported by the significant share of value added that is created in their tradable sector. However, they are not significantly more open than comparable small economies in Europe, or even Germany which is a muc ...
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.