Juraj Dobrila University of Pula
... richest and poor countries reflects the differences that have been observed in the rates of economic growth. “Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise it ...
... richest and poor countries reflects the differences that have been observed in the rates of economic growth. “Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise it ...
Cost-push inflation
... Exchange rate changes - if there is a depreciation in the exchange rate, then our exports will become cheaper abroad, but our imports will appear to be more expensive. Firms will be paying more for their overseas raw materials. ...
... Exchange rate changes - if there is a depreciation in the exchange rate, then our exports will become cheaper abroad, but our imports will appear to be more expensive. Firms will be paying more for their overseas raw materials. ...
Personal Saving Behavior and Real Economic Activity
... In contrast to these views, this paper argues that personal saving data alone reveal little about the current or future state of the economy. Consider first the assertion that low saving, as it is conventionally measured, is to blame for the recent sluggishness of real economic activity. Most econom ...
... In contrast to these views, this paper argues that personal saving data alone reveal little about the current or future state of the economy. Consider first the assertion that low saving, as it is conventionally measured, is to blame for the recent sluggishness of real economic activity. Most econom ...
IGC Policy Note: Special Economic Zones for MyanmarWe are most
... comparable to Myanmar but all other countries’ exports in the region are about half less concentrated than Myanmar. Note that for Bangladesh, Cambodia, China, Thailand and Vietnam, their most important export is a manufactured product. It is not surprising that a country with large endowment of natu ...
... comparable to Myanmar but all other countries’ exports in the region are about half less concentrated than Myanmar. Note that for Bangladesh, Cambodia, China, Thailand and Vietnam, their most important export is a manufactured product. It is not surprising that a country with large endowment of natu ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... producing consumption goods may not be able to switch without cost to producing investment goods. On the other hand, it is also the case that financial markets are incomplete such that agents may not perfectly insure themselves against shocks that may affect the sector in which they are specialized. ...
... producing consumption goods may not be able to switch without cost to producing investment goods. On the other hand, it is also the case that financial markets are incomplete such that agents may not perfectly insure themselves against shocks that may affect the sector in which they are specialized. ...
Chapter 1 - How will Australia change over next 40
... matched by increases in healthy life expectancy. To measure this, the Australian Institute of Health and Welfare (AIHW) has estimated ‘health expectancies’ for Australians. A male born in 2012 could expect to live 79.9 years (period method) and an average of 62.4 of those years without disability. A ...
... matched by increases in healthy life expectancy. To measure this, the Australian Institute of Health and Welfare (AIHW) has estimated ‘health expectancies’ for Australians. A male born in 2012 could expect to live 79.9 years (period method) and an average of 62.4 of those years without disability. A ...
PDF Download
... weak consumption demand due to unfavourable income developments and (political) uncertainty. Of the larger EU countries, only Spain has experienced strong consumption demand. This is to a large extent supported by the continued real estate boom, but if the boom comes to a sudden stop, there could be ...
... weak consumption demand due to unfavourable income developments and (political) uncertainty. Of the larger EU countries, only Spain has experienced strong consumption demand. This is to a large extent supported by the continued real estate boom, but if the boom comes to a sudden stop, there could be ...
AFRICA`S GROWTH EXPERIENCE A Focus on Sources of Growth
... foreign assistance, which was affected by the impasse over the exchange rate). We also show evidence below of an unusual confluence of terms of trade shocks in the zone after 1985. African investment recovers in the 1990s, to reach a level characteristic of developing countries (including the HPAEs ...
... foreign assistance, which was affected by the impasse over the exchange rate). We also show evidence below of an unusual confluence of terms of trade shocks in the zone after 1985. African investment recovers in the 1990s, to reach a level characteristic of developing countries (including the HPAEs ...
1992-1
... economy. Our assumptions about the productivity of labour closely follow those adopted by Lundahl (1982). We assume that all unskilled labour is black labour, and all skilled labour is white.2 In Lundahl's model, some skilled labour is black (and all unskilled labour is black), but his assumption ab ...
... economy. Our assumptions about the productivity of labour closely follow those adopted by Lundahl (1982). We assume that all unskilled labour is black labour, and all skilled labour is white.2 In Lundahl's model, some skilled labour is black (and all unskilled labour is black), but his assumption ab ...
Aggregate Demand and Aggregate Supply
... Periods of business contraction are not isolated events. Table 10-1 shows the peaks and troughs in American economic activity from 1854. These cycles are both mild and severe. From 1929 to 1933, real GDP in the United States fell by 30 percent, prices fell almost as much, and nominal GDP fell from ...
... Periods of business contraction are not isolated events. Table 10-1 shows the peaks and troughs in American economic activity from 1854. These cycles are both mild and severe. From 1929 to 1933, real GDP in the United States fell by 30 percent, prices fell almost as much, and nominal GDP fell from ...
Liquidity Traps and the Stability of Money Demand: Is Japan Really
... I am grateful to seminar participants at Kobe University and Kosuke Aoki for helpful comments and discussions given to an earlier version of this draft. Any errors are of my own. ...
... I am grateful to seminar participants at Kobe University and Kosuke Aoki for helpful comments and discussions given to an earlier version of this draft. Any errors are of my own. ...
working papers
... The second imbalance could be external surpluses or deficits, be it in trade or in current accounts. A relation between performance in the crisis and pre-crisis current accounts may come via four channels. The first could be that debts of government and private firms are seen as an interrelated prob ...
... The second imbalance could be external surpluses or deficits, be it in trade or in current accounts. A relation between performance in the crisis and pre-crisis current accounts may come via four channels. The first could be that debts of government and private firms are seen as an interrelated prob ...
AS-Economics
... Consumer and Producer Surplus...................................................................... 86 Government Intervention: Taxation and Subsidies.............................................. 90 Markets in Action .................................................................................. ...
... Consumer and Producer Surplus...................................................................... 86 Government Intervention: Taxation and Subsidies.............................................. 90 Markets in Action .................................................................................. ...
ECONOMICS: PRINCIPLES AND PRACTICES Daily Lecture Notes
... A. The production possibilities frontier diagram illustrates the concept of opportunity cost. It shows the combinations of goods and/or services that can be produced when all productive resources are used. The line on the graph represents the full potential—the frontier—when the economy employs all ...
... A. The production possibilities frontier diagram illustrates the concept of opportunity cost. It shows the combinations of goods and/or services that can be produced when all productive resources are used. The line on the graph represents the full potential—the frontier—when the economy employs all ...
Read more - Investment Counsel, Inc
... “weather a storm” and survive long-term. What exactly does large market capitalization mean? As most investors know, companies can issue common stock to help raise capital for their business. When investors purchase stock (called “shares”), the investor then acquires a portion of that company. Marke ...
... “weather a storm” and survive long-term. What exactly does large market capitalization mean? As most investors know, companies can issue common stock to help raise capital for their business. When investors purchase stock (called “shares”), the investor then acquires a portion of that company. Marke ...
Structural Adjustment during Canada’s Wheat Boom: 1900-1913* Abstract Emma Stephens
... discussion of trade policy in developing countries and the assumptions necessary for economic growth for small open economies that are subject to various shocks. 2. The Dutch Disease Model of Adjustment and the Canadian Economy This description of the Dutch disease model comes from Corden and Neary ...
... discussion of trade policy in developing countries and the assumptions necessary for economic growth for small open economies that are subject to various shocks. 2. The Dutch Disease Model of Adjustment and the Canadian Economy This description of the Dutch disease model comes from Corden and Neary ...
investment
... What the pilots will do A. Classify, measure and account the current investments: - Document existing financial mechanisms at the national, local and community levels, for the following: - allocating & tracking investments on DRR with regard to stand-alone (explicit) DRR investments ( for example ea ...
... What the pilots will do A. Classify, measure and account the current investments: - Document existing financial mechanisms at the national, local and community levels, for the following: - allocating & tracking investments on DRR with regard to stand-alone (explicit) DRR investments ( for example ea ...
Leaving Certificate Examinations 2005
... Too frequently famine occurs resulting in disease; deaths at early age; high medical costs. ...
... Too frequently famine occurs resulting in disease; deaths at early age; high medical costs. ...
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.