The Dependence of China`s Economic Growth on Exports and
... Section 2 explains the methodology used in this paper for analyzing the role of the various components of aggregate demand in economic growth. It presents a case that the importance of external demand to an economy should be measured, not by a country's export surplus relative to GDP, but by the rat ...
... Section 2 explains the methodology used in this paper for analyzing the role of the various components of aggregate demand in economic growth. It presents a case that the importance of external demand to an economy should be measured, not by a country's export surplus relative to GDP, but by the rat ...
Price Level
... • This slow adjustment of prices occurs in part because there are costs to adjusting prices, called menu costs. • An unexpected fall in the price level leaves some firms with higher-than-desired prices. For a variety of reasons, they may not want to or be able to change prices immediately. • This de ...
... • This slow adjustment of prices occurs in part because there are costs to adjusting prices, called menu costs. • An unexpected fall in the price level leaves some firms with higher-than-desired prices. For a variety of reasons, they may not want to or be able to change prices immediately. • This de ...
Chapter 7 The Rational Expectations Hypothesis Munroe Mark
... prices must lead to lower output to keep nominal demand constant. The aggregate supply function is assumed upward sloping drawn for a given level of expected price reflecting the fact that at higher prices the gap between actual and expected prices increases leading to a higher level of output. With ...
... prices must lead to lower output to keep nominal demand constant. The aggregate supply function is assumed upward sloping drawn for a given level of expected price reflecting the fact that at higher prices the gap between actual and expected prices increases leading to a higher level of output. With ...
Human Capital, Industrial Growth and Resource Curse by Elena
... prevent countries from industrial diversification (Leamer et al., 1999). Their argument is that resource intense sectors absorb national savings while creating only a few eminently qualified jobs. This leads to lower incentive of the society to educate their citizens compared to the societies with l ...
... prevent countries from industrial diversification (Leamer et al., 1999). Their argument is that resource intense sectors absorb national savings while creating only a few eminently qualified jobs. This leads to lower incentive of the society to educate their citizens compared to the societies with l ...
The Growth Imperative - US Chamber of Commerce Foundation
... Stronger, faster growth is neither inevitable nor impossible. Growth is a choice. So is recovery from a deep recession, such as the one Americans recently endured. As this report shows, Americans are being deprived of opportunity, advancement, and economic security because poor policy choices have t ...
... Stronger, faster growth is neither inevitable nor impossible. Growth is a choice. So is recovery from a deep recession, such as the one Americans recently endured. As this report shows, Americans are being deprived of opportunity, advancement, and economic security because poor policy choices have t ...
Is Uganda`s Growth Profile Jobless? Edward Bbaale School of
... It is noteworthy that the Ugandan economy has exhibited a strong growth stance since the nineties. The GDP average yearly growth was 6.86% (1990-1999), 5.52% (2000-2005), and 7.7% (2006-2010) (UBOS, Statistical Abstract 2010). This may be attributed to a number of fundamental changes that the govern ...
... It is noteworthy that the Ugandan economy has exhibited a strong growth stance since the nineties. The GDP average yearly growth was 6.86% (1990-1999), 5.52% (2000-2005), and 7.7% (2006-2010) (UBOS, Statistical Abstract 2010). This may be attributed to a number of fundamental changes that the govern ...
econs 1 - University of Maiduguri
... The concept if national income is seen by many people in different perspectives. It is used interchangeably with national dividend, national output or national expenditure. As a result, there are so many definitions of the term. In common usage, the term means the total value of goods and services p ...
... The concept if national income is seen by many people in different perspectives. It is used interchangeably with national dividend, national output or national expenditure. As a result, there are so many definitions of the term. In common usage, the term means the total value of goods and services p ...
quantity of real GDP supplied
... twentieth century’s most famous economists, John Maynard Keynes. ‒ A new Keynesian view holds that not only is the money wage rate sticky but also are the prices of goods. ...
... twentieth century’s most famous economists, John Maynard Keynes. ‒ A new Keynesian view holds that not only is the money wage rate sticky but also are the prices of goods. ...
An alternative explanation of India`s growth transition: a
... of demand for imports.2 The only way in which an economy can sustain a demandled growth transition consistent with current account equilibrium on the balance of payments is to permanently raise the growth of exports (x′) for a given income elasticity of demand for imports (π–). Although a government ...
... of demand for imports.2 The only way in which an economy can sustain a demandled growth transition consistent with current account equilibrium on the balance of payments is to permanently raise the growth of exports (x′) for a given income elasticity of demand for imports (π–). Although a government ...
economic growth in developing countries: is landlockedness destiny?
... middle income countries (henceforth referred to as landlocked developing countries, LLDCs). 1 The majority of these countries are in the “bottom billion” as defined by Collier (2007). In 2009, the average real percapita gross domestic product of LLDCs was US$974, compared to US$2,392 of non-landloc ...
... middle income countries (henceforth referred to as landlocked developing countries, LLDCs). 1 The majority of these countries are in the “bottom billion” as defined by Collier (2007). In 2009, the average real percapita gross domestic product of LLDCs was US$974, compared to US$2,392 of non-landloc ...
es09 Ragot 11171426 en
... huge revisions in permanent income forecasts. Within the Real Business Cycles framework, the general equilibrium variant of the permanent income approach, only permanent shifts in total factor productivity can generate substantial move permanent income; and it is hard to imagine, in the present case ...
... huge revisions in permanent income forecasts. Within the Real Business Cycles framework, the general equilibrium variant of the permanent income approach, only permanent shifts in total factor productivity can generate substantial move permanent income; and it is hard to imagine, in the present case ...
Shadow Economies all over the World: New Estimates for 162
... and services; positive sign expected), (4) Fiscal freedom, which is a subconent of the Heritage Foundation’s economic freedom index, which measures the fiscal burden in an economy; i.e. top tax rates on individual and corporate income. The index ranges from 0 to 100, where 0 is least fiscal freedom ...
... and services; positive sign expected), (4) Fiscal freedom, which is a subconent of the Heritage Foundation’s economic freedom index, which measures the fiscal burden in an economy; i.e. top tax rates on individual and corporate income. The index ranges from 0 to 100, where 0 is least fiscal freedom ...
Chapter 7
... shifts rightward… … and when aggregate demand decreases, the AD curve shifts leftward. ...
... shifts rightward… … and when aggregate demand decreases, the AD curve shifts leftward. ...
PDF Download
... Measurement Program (TCMP), the actual compliance behaviour of taxpayers is observed and is used for empirical analysis (Andreoni, Erard and Feinstein 1998). The approach of the IRS is broader in a certain sense as tax evasion from all sources of income is considered, while the two methods discussed ...
... Measurement Program (TCMP), the actual compliance behaviour of taxpayers is observed and is used for empirical analysis (Andreoni, Erard and Feinstein 1998). The approach of the IRS is broader in a certain sense as tax evasion from all sources of income is considered, while the two methods discussed ...
Output Fluctuations in the United States:
... °uctuations is an important element of macroeconomic research. Such documentation is valuable for the reasons that it leads to a collection of stylized facts and may also provide insight into whether such changes are likely to be permanent or temporary. In this section we characterize recent changes ...
... °uctuations is an important element of macroeconomic research. Such documentation is valuable for the reasons that it leads to a collection of stylized facts and may also provide insight into whether such changes are likely to be permanent or temporary. In this section we characterize recent changes ...
Investment
... Investors buying the shares expect to earn a return from dividends. Stock prices tend to be high when the firm has many opportunities for profitable investment, because these profit opportunities mean higher future income for shareholders. Thus, stock prices reflect the incentives to invest. i.e. th ...
... Investors buying the shares expect to earn a return from dividends. Stock prices tend to be high when the firm has many opportunities for profitable investment, because these profit opportunities mean higher future income for shareholders. Thus, stock prices reflect the incentives to invest. i.e. th ...
The Impact of Policy Uncertainty on U.S. Employment: Industry Evidence No. 13-3
... First, we describe how we measure an industry’s exposure to federal government spending and present statistics summarizing the cross-industry variation in this measure. Note that here spending refers to the government’s direct final purchases of goods and services produced by the private sector (tha ...
... First, we describe how we measure an industry’s exposure to federal government spending and present statistics summarizing the cross-industry variation in this measure. Note that here spending refers to the government’s direct final purchases of goods and services produced by the private sector (tha ...
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.