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... Notice that the difference between expressing the accumulation equation in levels or in per capita terms is the term nk added to 6k. We can in fact think of nk as some extra depreciation since it represents the loss of capital per person due to the fact that, when population grows, we have to share ...
... Notice that the difference between expressing the accumulation equation in levels or in per capita terms is the term nk added to 6k. We can in fact think of nk as some extra depreciation since it represents the loss of capital per person due to the fact that, when population grows, we have to share ...
World Trade Report - 2014 - Yale Center for the Study of Globalization
... (e.g. emissions of CO2 and other greenhouse gases), and inequality (e.g. poverty rates and Gini coefficients). Trade flows of developing economies are also explored, focusing on the enhanced export opportunities for least-developed countries as a result of the trade opening of large, dynamic develop ...
... (e.g. emissions of CO2 and other greenhouse gases), and inequality (e.g. poverty rates and Gini coefficients). Trade flows of developing economies are also explored, focusing on the enhanced export opportunities for least-developed countries as a result of the trade opening of large, dynamic develop ...
Why does financial sector growth crowd out real economic growth?
... and the other half are financiers. Entrepreneurs and financiers each have an endowment at time t labelled et and ft respectively. (We will ignore time subscripts before we get to the growth section.) Agents live for a single period with non-overlapping generations. At the beginning of each period, e ...
... and the other half are financiers. Entrepreneurs and financiers each have an endowment at time t labelled et and ft respectively. (We will ignore time subscripts before we get to the growth section.) Agents live for a single period with non-overlapping generations. At the beginning of each period, e ...
Exercise 6 (+additional question) in Mankiw:
... total factor productivity between the years? Problem 8.3: Assume an economy which is characterized by perfect competition in the goods and labor market, in which the owners of capital get one-third of national income, and the workers receive two-thirds. Assume a Cobb-Douglas aggregate production fun ...
... total factor productivity between the years? Problem 8.3: Assume an economy which is characterized by perfect competition in the goods and labor market, in which the owners of capital get one-third of national income, and the workers receive two-thirds. Assume a Cobb-Douglas aggregate production fun ...
The Economic Impact of Telecommunications in Senegal, Dr. Raul Katz and Dr. Pantelis Koutroumpis
... similar to those generated by infrastructure deployment. Beyond the benefits for GDP growth, it also has significant economic impact on consumer surplus. Some of these effects —such as the impact of investment on infrastructure— have been estimated quantitatively through input-output analyses (Katz ...
... similar to those generated by infrastructure deployment. Beyond the benefits for GDP growth, it also has significant economic impact on consumer surplus. Some of these effects —such as the impact of investment on infrastructure— have been estimated quantitatively through input-output analyses (Katz ...
KEY POLICY CHALLENGES IN FOSTERING INNOVATION
... • The choice has to be based on the country’s characteristics and its validity tested on the ground in terms of innovation performance • Barriers to innovation: SME financing problem, low competition, poor investment climate, social culture, low technology transfer, weak linkages between firms and u ...
... • The choice has to be based on the country’s characteristics and its validity tested on the ground in terms of innovation performance • Barriers to innovation: SME financing problem, low competition, poor investment climate, social culture, low technology transfer, weak linkages between firms and u ...
Trading Population for Productivity: Theory and Evidence
... centuries is one of the most signi…cant mysteries in the growth process. Some regions have excelled in the growth of income per capita while other regions have been dominant in population growth.1 How does one account for the sudden take-o¤ from stagnation to growth in some countries in the world an ...
... centuries is one of the most signi…cant mysteries in the growth process. Some regions have excelled in the growth of income per capita while other regions have been dominant in population growth.1 How does one account for the sudden take-o¤ from stagnation to growth in some countries in the world an ...
the resources boom and macroeconomic policy in australia
... further. But the domestic economy is slowing: real GDP rose by only 1.4% over the past year, while employment has been virtually flat in the first nine months of 2011, with unemployment rising a little. How can both of these things be happening at the same time? The answer to this ...
... further. But the domestic economy is slowing: real GDP rose by only 1.4% over the past year, while employment has been virtually flat in the first nine months of 2011, with unemployment rising a little. How can both of these things be happening at the same time? The answer to this ...
PDF
... function is logarithmic and discount factors across countries are different. Jan H. van Geldrop and Cees A. Withagen (1993) generalize Chiarella’s (1980) approach, by introducing n number of trading partners. Among others things, they concentrate on equilibrium existence, but they do not study cross- ...
... function is logarithmic and discount factors across countries are different. Jan H. van Geldrop and Cees A. Withagen (1993) generalize Chiarella’s (1980) approach, by introducing n number of trading partners. Among others things, they concentrate on equilibrium existence, but they do not study cross- ...
M A R K E T A N... W o r l d w i d e ...
... vendors offering PBBA solutions. For the most part, IDC assumed vendor-supplied data to be accurate. IDC made adjustments on a case-by-case basis to reflect our judgment and market knowledge. Data was consistently cross-checked with available industry sources. When detailed information was unavailab ...
... vendors offering PBBA solutions. For the most part, IDC assumed vendor-supplied data to be accurate. IDC made adjustments on a case-by-case basis to reflect our judgment and market knowledge. Data was consistently cross-checked with available industry sources. When detailed information was unavailab ...
Class Conflict and the Cambridge Theory of
... for which the goods market clears (i.e. investment-saving balance holds), and for which the pro…t share and pro…t rate are consistent with the microeconomic pricing decisions of …rms given a level of product market competition. The (u; r) solution in turn allows determination of mark-up, m from m = ...
... for which the goods market clears (i.e. investment-saving balance holds), and for which the pro…t share and pro…t rate are consistent with the microeconomic pricing decisions of …rms given a level of product market competition. The (u; r) solution in turn allows determination of mark-up, m from m = ...
university of maiduguri - Unimaid, Centre for Distance Learning
... backgrounds, from the neo-classical to Keynesians and Neo-Keynesians see inflation differently and hence adopted different approaches and strategies in remedying its consequential effects. Generally however, two major schools of thought have been recognized. The neo-classicals and their followers se ...
... backgrounds, from the neo-classical to Keynesians and Neo-Keynesians see inflation differently and hence adopted different approaches and strategies in remedying its consequential effects. Generally however, two major schools of thought have been recognized. The neo-classicals and their followers se ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... growth. The effects of other pertinent factors, such as fixed investment and volume of exports are also analyzed. The features of this study are the following. The first concerns the data set. Most empirical studies in endogenous growth use cross-country macroaggregate data; as such, they seldom con ...
... growth. The effects of other pertinent factors, such as fixed investment and volume of exports are also analyzed. The features of this study are the following. The first concerns the data set. Most empirical studies in endogenous growth use cross-country macroaggregate data; as such, they seldom con ...
Ch15.aggregate demand - Emporia State University
... NX rises, AD curve shifts right. C. A fall in prices increases the real value of consumers’ wealth. Move down along AD curve (wealth-effect). D. State governments replace sales taxes with new taxes on interest, dividends, and capital gains. C rises, AD shifts right. ...
... NX rises, AD curve shifts right. C. A fall in prices increases the real value of consumers’ wealth. Move down along AD curve (wealth-effect). D. State governments replace sales taxes with new taxes on interest, dividends, and capital gains. C rises, AD shifts right. ...
NÁZOV VYSOKEJ ŠKOLY
... 1.11 Consumption expenditure .................................................................................... 31 1.12 Foreign Direct investment ................................................................................... 32 1.13 Interest rate .............................................. ...
... 1.11 Consumption expenditure .................................................................................... 31 1.12 Foreign Direct investment ................................................................................... 32 1.13 Interest rate .............................................. ...
NBER WORKING PAPER SERIES AND TRADE Gene M. Grossman Elhanan Helprnan
... continue to be interested in the link between the nature of differences in countries' technological capabilities and the pattern of world trade. Recent research has asked, How will an across-the-board technological gap between rich and poor countries be reflected in global trade structure?. And how ...
... continue to be interested in the link between the nature of differences in countries' technological capabilities and the pattern of world trade. Recent research has asked, How will an across-the-board technological gap between rich and poor countries be reflected in global trade structure?. And how ...
money market
... Planned Aggregate Expenditure and the Interest Rate We can use the fact that planned investment depends on the interest rate to consider how planned aggregate expenditure (AE) depends on the interest rate. Recall that planned aggregate expenditure is the sum of consumption, planned investment, and ...
... Planned Aggregate Expenditure and the Interest Rate We can use the fact that planned investment depends on the interest rate to consider how planned aggregate expenditure (AE) depends on the interest rate. Recall that planned aggregate expenditure is the sum of consumption, planned investment, and ...
Business fixed investment
... The Stock Market and Tobin’s q • The numerator of Tobin’s q is the value of the economy’s capital as determined by the stock market • The denominator is the price of capital as if it were purchased today • Tobin reasoned that net investment should depend on whether q is greater or less than 1 – If q ...
... The Stock Market and Tobin’s q • The numerator of Tobin’s q is the value of the economy’s capital as determined by the stock market • The denominator is the price of capital as if it were purchased today • Tobin reasoned that net investment should depend on whether q is greater or less than 1 – If q ...
PDF
... peers to hold a fruitful discussion on the basis of facts and evidence. The high response rate also indicated that though the responding countries differ in many ways and may have nonequivalent perspectives about various aspects of agriculture, in the increasingly globalized market economy situation ...
... peers to hold a fruitful discussion on the basis of facts and evidence. The high response rate also indicated that though the responding countries differ in many ways and may have nonequivalent perspectives about various aspects of agriculture, in the increasingly globalized market economy situation ...
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.