![NBER WORKING PAPER SERIES Dan Liu Christopher M. Meissner](http://s1.studyres.com/store/data/008231385_1-3931592ac0ab0bd5c767ae475fc8f2b0-300x300.png)
NBER WORKING PAPER SERIES Dan Liu Christopher M. Meissner
... industrialization, accumulation, and human capital deepening. Without these, gains from trade are lost and there are unlikely to be positive tariff-induced dynamic effects on productivity. Domestic market potential is a partial substitute for access to foreign markets in this view. Contrary to the a ...
... industrialization, accumulation, and human capital deepening. Without these, gains from trade are lost and there are unlikely to be positive tariff-induced dynamic effects on productivity. Domestic market potential is a partial substitute for access to foreign markets in this view. Contrary to the a ...
Chapter 33
... The aggregate-demand curve: summary (b) Why Might the Aggregate-Demand Curve Shift? 1. Shifts Arising from Consumption: An event that makes consumers spend more at a given price level (a tax cut, a stock-market boom) shifts the aggregate-demand curve to the right. An event that makes consumers spend ...
... The aggregate-demand curve: summary (b) Why Might the Aggregate-Demand Curve Shift? 1. Shifts Arising from Consumption: An event that makes consumers spend more at a given price level (a tax cut, a stock-market boom) shifts the aggregate-demand curve to the right. An event that makes consumers spend ...
Economic Indicators: Where to Look
... 2. The change in non-farm payrolls is often used as a superior indicator to the unemployment rate due to the greater reliability of the establishment survey. This increased dependability comes from the larger size of that survey versus the household survey. 3. Special factors can have an impact on t ...
... 2. The change in non-farm payrolls is often used as a superior indicator to the unemployment rate due to the greater reliability of the establishment survey. This increased dependability comes from the larger size of that survey versus the household survey. 3. Special factors can have an impact on t ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... The Aggregate Supply Curve Aggregate Supply in the Short Run Why an Upward Slope? Wages are a large fraction of total costs and wage changes lag behind price changes. This gives us an upward sloping short-run AS curve. ...
... The Aggregate Supply Curve Aggregate Supply in the Short Run Why an Upward Slope? Wages are a large fraction of total costs and wage changes lag behind price changes. This gives us an upward sloping short-run AS curve. ...
ME1
... • When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good. The demand curve is a vertical straight line; this violates the law of demand. An example of a perfectly inelastic good is a human heart for someon ...
... • When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good. The demand curve is a vertical straight line; this violates the law of demand. An example of a perfectly inelastic good is a human heart for someon ...
ECONOMICS
... A fall in the price level from P1 to P2 increases the quantity of goods and services demanded from Y1 to Y2. There are three reasons for this negative relationship. As the price level falls, real wealth rises, interest rates fall, and the exchange rate depreciates. These effects stimulate spending o ...
... A fall in the price level from P1 to P2 increases the quantity of goods and services demanded from Y1 to Y2. There are three reasons for this negative relationship. As the price level falls, real wealth rises, interest rates fall, and the exchange rate depreciates. These effects stimulate spending o ...
PDF
... virtually ignores the key role of Taiwan’s agricultural and rural development in the 1950s and 1960s in paving the way for the impressive export-oriented development of the 1970s, 1980s, and 1990s. ...
... virtually ignores the key role of Taiwan’s agricultural and rural development in the 1950s and 1960s in paving the way for the impressive export-oriented development of the 1970s, 1980s, and 1990s. ...
Financialisation and the financial and economic crises: Theoretical
... countries under consideration, however, need to be examined more closely, as they do not clearly belong to either of the two groups. These are, namely, France, Hungary, Italy, Poland, Portugal, and Turkey. They all exhibit indicators of a domestic demand-led type of development as will be seen below ...
... countries under consideration, however, need to be examined more closely, as they do not clearly belong to either of the two groups. These are, namely, France, Hungary, Italy, Poland, Portugal, and Turkey. They all exhibit indicators of a domestic demand-led type of development as will be seen below ...
Labor Income Tax and Output
... output. We recover the time series of output in level from the time series of growth rate of output, given an initial value of output. The portion of the actual output due to the supply disturbance is called the supply component of output, while the portion of the actual output due to the demand dis ...
... output. We recover the time series of output in level from the time series of growth rate of output, given an initial value of output. The portion of the actual output due to the supply disturbance is called the supply component of output, while the portion of the actual output due to the demand dis ...
`Limits to growth` and
... confuse the issue of how consumption should be spread over time, which is the growth issue, with that of how resources should be used at any moment of time. The fact that resources are misallocated at any moment of time on account of failure to correct for externalities does not necessarily mean tha ...
... confuse the issue of how consumption should be spread over time, which is the growth issue, with that of how resources should be used at any moment of time. The fact that resources are misallocated at any moment of time on account of failure to correct for externalities does not necessarily mean tha ...
DRAFT FOR COMMENTS & DISCUSSION – NOT FOR QUOTATION Prepared for ARTNeT Conference on Empirical and Policy Issues of Integration
... medium industries, a hundred percent foreign equity participation is permissible with no restrictions on repatriation of invested funds. There is no entry barrier to the foreign investors in the financial sector. These steps have been taken to attract foreign direct investment as well as facilitate ...
... medium industries, a hundred percent foreign equity participation is permissible with no restrictions on repatriation of invested funds. There is no entry barrier to the foreign investors in the financial sector. These steps have been taken to attract foreign direct investment as well as facilitate ...
this chapter - Department of Industry, Innovation and
... Growth, however, cannot be achieved without disruption, and the realities of this process can be severe. Entrepreneurs succeed by taking market share away from incumbents. Technology lowers the cost of production by taking the place of workers. Investors that choose to invest in one sector choose no ...
... Growth, however, cannot be achieved without disruption, and the realities of this process can be severe. Entrepreneurs succeed by taking market share away from incumbents. Technology lowers the cost of production by taking the place of workers. Investors that choose to invest in one sector choose no ...
Alert Mechanism Report 2016
... In a context of uncertain global conditions, the economic recovery is becoming increasingly reliant on domestic demand. The latest economic forecasts confirm that a moderate recovery is taking place across the EU in a context of low oil prices and very accommodative monetary policy. In 2015 and 2016 ...
... In a context of uncertain global conditions, the economic recovery is becoming increasingly reliant on domestic demand. The latest economic forecasts confirm that a moderate recovery is taking place across the EU in a context of low oil prices and very accommodative monetary policy. In 2015 and 2016 ...
Estimation of Money Demand Function for Selected
... Irvin Fisher has exposed one of the most clear classical money demand theories in his work which it main assumption is: the quantity theory of money becomes a theory of the demand for money once one assume that the money market is in equilibrium so that (Apostolos 2001). He examined the relationship ...
... Irvin Fisher has exposed one of the most clear classical money demand theories in his work which it main assumption is: the quantity theory of money becomes a theory of the demand for money once one assume that the money market is in equilibrium so that (Apostolos 2001). He examined the relationship ...
Investment
... That is, the demand for money depends on the level of real income and the NOMINAL interest rate Why Nominal? Because lose R on all money held ...
... That is, the demand for money depends on the level of real income and the NOMINAL interest rate Why Nominal? Because lose R on all money held ...
author and do not necessarily reflect those
... deficit. Even this would not have been intolerable however, given our foreign currency reserve position during 1988 and 1989; at least, as a short terar ...
... deficit. Even this would not have been intolerable however, given our foreign currency reserve position during 1988 and 1989; at least, as a short terar ...
Public final demand
... While the near-term outlook has moderated following softer-than-expected recent outcomes, the outlook for the Australian economy in 2014-15 has strengthened since the December update. Real GDP growth was a little below trend in the December quarter, and total hours worked declined for a second conse ...
... While the near-term outlook has moderated following softer-than-expected recent outcomes, the outlook for the Australian economy in 2014-15 has strengthened since the December update. Real GDP growth was a little below trend in the December quarter, and total hours worked declined for a second conse ...
Macro Module 7 Macro Workings - Instructor Answer
... has a clear regulatory process.* devotes more resources to technology research and development.* // Content Page – Reading: Components of Economic Growth; Rule of Law and Economic Growth // Updated 10/20/201 ...
... has a clear regulatory process.* devotes more resources to technology research and development.* // Content Page – Reading: Components of Economic Growth; Rule of Law and Economic Growth // Updated 10/20/201 ...
Chapter 1 - McGraw
... • They believed that the economy would return to potential output in the long run after a shift in aggregate demand. • They also believed that if there was a recession, it was most likely due to poor government policy. Copyright © 2011 McGraw-Hill Australia Pty Ltd PowerPoint slides to accompany Pri ...
... • They believed that the economy would return to potential output in the long run after a shift in aggregate demand. • They also believed that if there was a recession, it was most likely due to poor government policy. Copyright © 2011 McGraw-Hill Australia Pty Ltd PowerPoint slides to accompany Pri ...
Arshad Zabir
... changed the environment in which monetary policy operates. Government securities and inter bank markets have developed and deepened, interest rates are determined freely, and new indirect monetary controls have been developed. The impacts of subsequent reforms on financial sectors, foreign trade and ...
... changed the environment in which monetary policy operates. Government securities and inter bank markets have developed and deepened, interest rates are determined freely, and new indirect monetary controls have been developed. The impacts of subsequent reforms on financial sectors, foreign trade and ...
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.