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PJM (Demand reduction) -- Thursday 3rd panel
... A regional approach to the development of standardized platforms, communications protocols, investments in enabling technologies, and wholesale-retail DR integration issues New retail rate structures that better reflect wholesale market pricing strategies Pricing that captures the full value of DR a ...
... A regional approach to the development of standardized platforms, communications protocols, investments in enabling technologies, and wholesale-retail DR integration issues New retail rate structures that better reflect wholesale market pricing strategies Pricing that captures the full value of DR a ...
Lack of regional convergence
... complementarity between technology and other factors that take part in the growth process. Technological know-how is described as a rather local affair, embedded in firms, organizations, networks and so on, dependent on specific assets of various types that are not easily forthcoming. This leads to ...
... complementarity between technology and other factors that take part in the growth process. Technological know-how is described as a rather local affair, embedded in firms, organizations, networks and so on, dependent on specific assets of various types that are not easily forthcoming. This leads to ...
Tables 2 to 2D describe policies and outcomes during the three sub
... driver of growth in Egypt, while TFP is secondary. Hence, the capital-intensive nature of the Egyptian economy is confirmed. The global shock had an impact on Egypt mostly as an aggregate demand shock that reduced the demand for Egyptian exports. a) the shock led to slower output growth or falling o ...
... driver of growth in Egypt, while TFP is secondary. Hence, the capital-intensive nature of the Egyptian economy is confirmed. The global shock had an impact on Egypt mostly as an aggregate demand shock that reduced the demand for Egyptian exports. a) the shock led to slower output growth or falling o ...
jrc techrep on rd models - final1_dak
... One of the key issues modellers are faced with, when dealing with R&D, is the issue of how to deal with spillovers, which are a typical feature of R&D. As noted by Leahy and Neary (2007), any innovative activity has an information component that is almost completely non-appropriable and costless to ...
... One of the key issues modellers are faced with, when dealing with R&D, is the issue of how to deal with spillovers, which are a typical feature of R&D. As noted by Leahy and Neary (2007), any innovative activity has an information component that is almost completely non-appropriable and costless to ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: New Developments in Productivity Analysis
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
... represented by a statement that appeared on the cover of Atlantic Monthly: “The gross domestic product (GDP) is such a crazy mismeasure of the economy that it portrays disaster as gain” (Cobb, Halstead, and Rowe ...
“In the 1950s and early 1960s, Asia appeared to be caught in a low
... In this framework, the investment rate is determined by savings from two sources: foreign saving (net foreign financing), and domestic saving (in both the public and private sectors).18 In behavioral terms, the basic determinant of investment is the expected returns, relative to perceived risk and ...
... In this framework, the investment rate is determined by savings from two sources: foreign saving (net foreign financing), and domestic saving (in both the public and private sectors).18 In behavioral terms, the basic determinant of investment is the expected returns, relative to perceived risk and ...
Using Natural Resources for Development: Why Has It Proven So
... “[T]he real problem is not that growth . . . has been slow when it should have been normal, but that it has been normal when it should have been faster than normal.” Fourth, resource revenues can be highly volatile. Some variability is predictable—due to opening of new deposits of natural resources ...
... “[T]he real problem is not that growth . . . has been slow when it should have been normal, but that it has been normal when it should have been faster than normal.” Fourth, resource revenues can be highly volatile. Some variability is predictable—due to opening of new deposits of natural resources ...
Economics 1
... •The prices of related goods (such as tapes, portable CD players, and CDs) •Expected future prices •The number of suppliers ...
... •The prices of related goods (such as tapes, portable CD players, and CDs) •Expected future prices •The number of suppliers ...
China, India and the World Economy
... growth as it is one of a handful of economies forecast to have a growing working-age population over the next 40 years. Some 75-110 million will enter the labor force in the next decade, which should-provided these entrants are employed - fuel an increase in savings and investment given the higher p ...
... growth as it is one of a handful of economies forecast to have a growing working-age population over the next 40 years. Some 75-110 million will enter the labor force in the next decade, which should-provided these entrants are employed - fuel an increase in savings and investment given the higher p ...
Document
... bonds increases, bond sellers can pay less interest, and the interest rate falls until it equals i. A decrease in the supply of money drives up interest rates. ...
... bonds increases, bond sellers can pay less interest, and the interest rate falls until it equals i. A decrease in the supply of money drives up interest rates. ...
NBER WORKING PAPER SERIES RECENT DEVELOPMENTS IN MACROECONOMICS Working Paper No. 2473
... economies; one possibility is that the government ha; put in place a set of operating rules that leaves money creation a; the residual source of gover nmerit finance,7 ...
... economies; one possibility is that the government ha; put in place a set of operating rules that leaves money creation a; the residual source of gover nmerit finance,7 ...
monetary policy report
... suggests that lower inflation has reduced the persistence of inflationary shocks (Taylor 2000). If changes in relative costs and prices, such as fluctuations in the cost of imported goods and services, are not viewed as persistent, they are less likely to affect inflation expectations and, hence, th ...
... suggests that lower inflation has reduced the persistence of inflationary shocks (Taylor 2000). If changes in relative costs and prices, such as fluctuations in the cost of imported goods and services, are not viewed as persistent, they are less likely to affect inflation expectations and, hence, th ...
subject: Entrepreneurship A STUDY TO ASSESS THE
... 1. Ph.D Research Scholar, Department of Management Studies, Manonmaniam Sundaranar University, Tirunelveli-12 Tamilnadu. 2. Professor MBA (Finance), Department of Management Studies, Manonmaniam Sundaranar University, Tirunelveli-12, Tamilnadu. Abstract MSMEs have been globally accepted as an engine ...
... 1. Ph.D Research Scholar, Department of Management Studies, Manonmaniam Sundaranar University, Tirunelveli-12 Tamilnadu. 2. Professor MBA (Finance), Department of Management Studies, Manonmaniam Sundaranar University, Tirunelveli-12, Tamilnadu. Abstract MSMEs have been globally accepted as an engine ...
IKD Open University Research Centre on I
... Section 3 compares the theory of the innovating firm that is derived from the experiences of the advanced economies to the orthodox theory of the optimizing firm that is derived from what I have elsewhere call ‘the myth of the market economy’ (Lazonick 1991). In this context I also consider the cont ...
... Section 3 compares the theory of the innovating firm that is derived from the experiences of the advanced economies to the orthodox theory of the optimizing firm that is derived from what I have elsewhere call ‘the myth of the market economy’ (Lazonick 1991). In this context I also consider the cont ...
The Exchange Rate, Productivity, and the Standard of Living
... the link to the real exchange rate is weaker. Studies of individual countries find that Japan’s experience seems to provide the strongest evidence consistent with the Balassa-Samuelson hypothesis.11 For Canada, the evidence is only mildly supportive. Over the 1979–96 period, labour productivity and ...
... the link to the real exchange rate is weaker. Studies of individual countries find that Japan’s experience seems to provide the strongest evidence consistent with the Balassa-Samuelson hypothesis.11 For Canada, the evidence is only mildly supportive. Over the 1979–96 period, labour productivity and ...
Crowding Out and Its Critics
... discussion.5 In particular, Friedman pointed out the necessity of distinguishing between initial and subsequent effects of fiscal actions. According to Friedman, an “expansionary” fiscal action might first be reflected in a rise in output, but the financing of the deficit would set in motion contrac ...
... discussion.5 In particular, Friedman pointed out the necessity of distinguishing between initial and subsequent effects of fiscal actions. According to Friedman, an “expansionary” fiscal action might first be reflected in a rise in output, but the financing of the deficit would set in motion contrac ...
Global best practice in productivity improvement – lessons
... Note: Data for Oregon (US) data is for United States as a whole. Oregon offers tax exemptions and other fiscal incentives lowering the effective tax rate * % of total population ...
... Note: Data for Oregon (US) data is for United States as a whole. Oregon offers tax exemptions and other fiscal incentives lowering the effective tax rate * % of total population ...
Population Growth and Economic Growth in
... product (GDP) in a nation. If a nation has more resources, it could make more services and goods; it will reduce the scarceness and more satisfaction to consumer. This growth should be calculated in real terms for example the adjusted inflation rate, this is happened to eliminate the effect of the i ...
... product (GDP) in a nation. If a nation has more resources, it could make more services and goods; it will reduce the scarceness and more satisfaction to consumer. This growth should be calculated in real terms for example the adjusted inflation rate, this is happened to eliminate the effect of the i ...
Growth Accelerations: A Comment
... framework is questionable as it assumes that a single linear model is appropriate for all countries at all times (De Haan, 2007). Very few countries have experienced consistently constant growth rates over time. Pritchett (2000) documents, for instance, that the variation in growth rates within coun ...
... framework is questionable as it assumes that a single linear model is appropriate for all countries at all times (De Haan, 2007). Very few countries have experienced consistently constant growth rates over time. Pritchett (2000) documents, for instance, that the variation in growth rates within coun ...
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.