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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 ...
Global Quality Competition, O¤shoring and Wage Inequality Giammario Impullitti (Cambridge University)
... the global demand for skills and the skill premium.2 This is the global e¢ ciency e¤ect. As before, an increase in the education premium increases the share of skilled workers and reduces their average ability, thus leading to higher residual inequality. In the quantitative analysis I use OECD STAN ...
... the global demand for skills and the skill premium.2 This is the global e¢ ciency e¤ect. As before, an increase in the education premium increases the share of skilled workers and reduces their average ability, thus leading to higher residual inequality. In the quantitative analysis I use OECD STAN ...
Economic Diversification in the GCC
... would create high-value-added private sector jobs for nationals, and would establish the non-oil economy that will be needed when oil reserves are eventually exhausted. International experience, however, shows that diversifying away from oil is very difficult. A number of key obstacles often hinder ...
... would create high-value-added private sector jobs for nationals, and would establish the non-oil economy that will be needed when oil reserves are eventually exhausted. International experience, however, shows that diversifying away from oil is very difficult. A number of key obstacles often hinder ...
North-South Globalization and Inequality Joël Hellier
... countries (the South) have opened to world trade and the weight of the South in the world economy has critically increased. Secondly, world trade is characterised by the North (advanced countries) being specialised in skill-intensive goods and the South in unskilled intensive ones, which is in line ...
... countries (the South) have opened to world trade and the weight of the South in the world economy has critically increased. Secondly, world trade is characterised by the North (advanced countries) being specialised in skill-intensive goods and the South in unskilled intensive ones, which is in line ...
Supply-Use Tables in the 1993 SNA and SNA 1993 Rev 1
... – Jpn, Mex, Prt, Swe (when the surrounding land changes) ...
... – Jpn, Mex, Prt, Swe (when the surrounding land changes) ...
An impact analysis of climate change and adaptation policies
... decomposed in 6 regions with a recursive dynamic multi-region CGE model to capture the economic impact. One of the weaknesses of the Marbek et Lantz (2010) model is the absence of export taxes which are used in the province of Quebec and they also omit to use a world demand for forest products with ...
... decomposed in 6 regions with a recursive dynamic multi-region CGE model to capture the economic impact. One of the weaknesses of the Marbek et Lantz (2010) model is the absence of export taxes which are used in the province of Quebec and they also omit to use a world demand for forest products with ...
First Pages - Yale Economics
... Behavioral economics explains why households save too little for retirement, why stock market bubbles occur, and how used-car markets behave when people’s information is limited. A significant recent example illustrating behavioral principles came when millions of people took out “subprime mortgages ...
... Behavioral economics explains why households save too little for retirement, why stock market bubbles occur, and how used-car markets behave when people’s information is limited. A significant recent example illustrating behavioral principles came when millions of people took out “subprime mortgages ...
Pure exchange economies
... all prices are variable (we model complete economies) and we take into account interactions between agents (unlike ...
... all prices are variable (we model complete economies) and we take into account interactions between agents (unlike ...
Complete Student Study Guide
... increase gun production. 9. True. At point B, society is already employing many of its resources to produce guns. Increasing gun production further will present high opportunity costs. 10. False. Microeconomics focuses on activities that take place within and among the major economic organizations o ...
... increase gun production. 9. True. At point B, society is already employing many of its resources to produce guns. Increasing gun production further will present high opportunity costs. 10. False. Microeconomics focuses on activities that take place within and among the major economic organizations o ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... effect or interest rate effect. Private consumption is crowded out either because the consumers may feel poorer as a result of negative wealth effect or they may be induced to postpone consumption in response to deficitfinanced government spending. Bailey (1971) and Barro (1981) first suggest incorpora ...
... effect or interest rate effect. Private consumption is crowded out either because the consumers may feel poorer as a result of negative wealth effect or they may be induced to postpone consumption in response to deficitfinanced government spending. Bailey (1971) and Barro (1981) first suggest incorpora ...
How Fast Can China Grow? The Middle Kingdom`s Prospects to 2030
... economy over history and projecting how it will evolve over the next 15 years. Using a Cobb-Douglas production function, we decompose the growth of trend GDP into those of the capital stock, labour, human capital and total factor productivity (TFP) and then forecast trend output growth out to 2030 ...
... economy over history and projecting how it will evolve over the next 15 years. Using a Cobb-Douglas production function, we decompose the growth of trend GDP into those of the capital stock, labour, human capital and total factor productivity (TFP) and then forecast trend output growth out to 2030 ...
Business Economics – II (MB1B4): January 2009
... (d) The money supply of the country (e) The unemployment rate in the country. 35.Which of the following refer to the sequence of events of a contractionary monetary policy? (a) Interest rate increase, causing planned investment to decrease, causing aggregate output to decrease, causing money demand ...
... (d) The money supply of the country (e) The unemployment rate in the country. 35.Which of the following refer to the sequence of events of a contractionary monetary policy? (a) Interest rate increase, causing planned investment to decrease, causing aggregate output to decrease, causing money demand ...
Teacher Notes - Georgia Standards
... use this method in addition to price. Rather than set all prices extremely high because there are people willing to pay it, many events offer lower price tickets so that all fans will have a chance of purchasing an affordable ticket. This can be an inefficient strategy because fans will spend time t ...
... use this method in addition to price. Rather than set all prices extremely high because there are people willing to pay it, many events offer lower price tickets so that all fans will have a chance of purchasing an affordable ticket. This can be an inefficient strategy because fans will spend time t ...
National income and its distribution in preindustrial Poland in a
... the initial stages of economic growth – particularly between 300 and 1000 1990$PPP – and nearly plateaus thereafter (see: Figure 3). For this reason the concept is crucial for preindustrial economies, which are in transition between the Malthusian subsistence regime and modern economic growth. The ...
... the initial stages of economic growth – particularly between 300 and 1000 1990$PPP – and nearly plateaus thereafter (see: Figure 3). For this reason the concept is crucial for preindustrial economies, which are in transition between the Malthusian subsistence regime and modern economic growth. The ...
Poverty, growth and inequality over the next 50 years
... per capita in 1820 at about USD 1 571 in 2005 purchasing power parity (PPP) dollars versus an average of USD 730 in non-OECD countries.3 Rising economic growth in OECD countries over the following century increased incomes and cut poverty dramatically, leaving the non-OECD countries far behind. Bour ...
... per capita in 1820 at about USD 1 571 in 2005 purchasing power parity (PPP) dollars versus an average of USD 730 in non-OECD countries.3 Rising economic growth in OECD countries over the following century increased incomes and cut poverty dramatically, leaving the non-OECD countries far behind. Bour ...
Who Can Explain the Mauritian Miracle
... One variable on which Mauritius scores highly is human capital: for example, life expectancy at birth (60.4 years) in the early 1970s was substantially higher in Mauritius than even in the fast growing economies of Asia. On most of the other variables however, Mauritius fares either more poorly than ...
... One variable on which Mauritius scores highly is human capital: for example, life expectancy at birth (60.4 years) in the early 1970s was substantially higher in Mauritius than even in the fast growing economies of Asia. On most of the other variables however, Mauritius fares either more poorly than ...
UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION II SEMESTER BA ECONOMICS
... inquiry, there must be regularities in production and exchange; and for the inquiry to be non-trivial, these regularities must go beyond what is obvious to the producers, consumers, and exchangers themselves. Only in the eighteenth century, most clearly illustrated by the work of Cantillon (1755), t ...
... inquiry, there must be regularities in production and exchange; and for the inquiry to be non-trivial, these regularities must go beyond what is obvious to the producers, consumers, and exchangers themselves. Only in the eighteenth century, most clearly illustrated by the work of Cantillon (1755), t ...
28 pages - World bank documents
... The distinction between real GDP on the output and expenditure-side can be illustrated by a simple diagram in a two-good economy, shown in Figure 1. We suppose that the production possibilities frontier shifts out due to technological change. At unchanged prices, production would increase from point ...
... The distinction between real GDP on the output and expenditure-side can be illustrated by a simple diagram in a two-good economy, shown in Figure 1. We suppose that the production possibilities frontier shifts out due to technological change. At unchanged prices, production would increase from point ...
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.