![Economics for Life: Smart Choices for All?](http://s1.studyres.com/store/data/015201741_1-e419c72977b9833a46f81c5289526126-300x300.png)
here
... point is that the beneficial dynamic from a skewed distribution of the static gains from offshoring can be undermined if profit reinvestment does not follow the cost-saving trade. The structural changes taking place in certain regional subcategories of the services trade balance are, despite the hig ...
... point is that the beneficial dynamic from a skewed distribution of the static gains from offshoring can be undermined if profit reinvestment does not follow the cost-saving trade. The structural changes taking place in certain regional subcategories of the services trade balance are, despite the hig ...
aggregate-supply curve
... sustainable pace for a while, just as the U.S. economy grew faster than its potential growth rate during the 1990s. But over the entire course, the economy, like the marathoner, can produce only at a maximum sustainable “speed”, and this sustainable output speed is what we call potential output. (Sa ...
... sustainable pace for a while, just as the U.S. economy grew faster than its potential growth rate during the 1990s. But over the entire course, the economy, like the marathoner, can produce only at a maximum sustainable “speed”, and this sustainable output speed is what we call potential output. (Sa ...
The impact of government debt on aggregate investment
... In line with basic growth theory (Acemoglu, 2009; Durlauf et al., 2005), we expect a positive coefficient on the capital stock and a positive one on openness and financial development. We also expect results to be compatible with the idea of conditional convergence (i.e., we expect β prodgr to be n ...
... In line with basic growth theory (Acemoglu, 2009; Durlauf et al., 2005), we expect a positive coefficient on the capital stock and a positive one on openness and financial development. We also expect results to be compatible with the idea of conditional convergence (i.e., we expect β prodgr to be n ...
Answer
... enhanced control over fiscal policy would allow countries to dismantle their distorting barriers to international payments. B. reduced control over monetary policy would allow countries to dismantle their distorting barriers to international payments. C. enhanced control over monetary policy would a ...
... enhanced control over fiscal policy would allow countries to dismantle their distorting barriers to international payments. B. reduced control over monetary policy would allow countries to dismantle their distorting barriers to international payments. C. enhanced control over monetary policy would a ...
Chapter 1 - IDEAS/RePEc
... 4. True. 5. True. 6. True. 7. False. The housing stock is counted as (residential) investment. 8. False. The production of legal documents is counted as services. 9. False. It consists of adding up all income received by economic agents contributing to production of all goods. 10. True. 11. True. 12 ...
... 4. True. 5. True. 6. True. 7. False. The housing stock is counted as (residential) investment. 8. False. The production of legal documents is counted as services. 9. False. It consists of adding up all income received by economic agents contributing to production of all goods. 10. True. 11. True. 12 ...
Inflation After the static aggregate demand and supply analysis of
... taking wage decisions as given, it does so recognising that higher money supply partly raises prices and partly raises aggregate demand and output. So it will choose a money supply where the marginal benefit of higher output is just matched by the marginal cost of higher inflation. The private secto ...
... taking wage decisions as given, it does so recognising that higher money supply partly raises prices and partly raises aggregate demand and output. So it will choose a money supply where the marginal benefit of higher output is just matched by the marginal cost of higher inflation. The private secto ...
Competition Policy in Small Distant Open Economies
... trading partners. Such remoteness will affect transport and transactions costs of international trade of New Zealand vis à vis other countries and may have implications for competition law. Alger and Leung (1999) report that New Zealand’s population, taking account of occupied areas, is less dense t ...
... trading partners. Such remoteness will affect transport and transactions costs of international trade of New Zealand vis à vis other countries and may have implications for competition law. Alger and Leung (1999) report that New Zealand’s population, taking account of occupied areas, is less dense t ...
Abstract - Brad DeLong`s Website
... capital goods-producing sector coupled with extraordinary real capital deepening as the quantity of real investment in information technology capital bought by a dollar of nominal savings grows have together driven the productivity growth acceleration of the later 1990s. It may indeed be the case th ...
... capital goods-producing sector coupled with extraordinary real capital deepening as the quantity of real investment in information technology capital bought by a dollar of nominal savings grows have together driven the productivity growth acceleration of the later 1990s. It may indeed be the case th ...
GwartPPT014 - Crawfordsworld
... Keynesians argued that the money supply did not matter much. Monetarists challenged the Keynesian view during 1960s and 1970s. According to monetarists, changes in the money supply caused of both inflation and economic instability. While minor disagreements remain, the modern view emerged from t ...
... Keynesians argued that the money supply did not matter much. Monetarists challenged the Keynesian view during 1960s and 1970s. According to monetarists, changes in the money supply caused of both inflation and economic instability. While minor disagreements remain, the modern view emerged from t ...
File
... 28. Refer to the above graph. When AD2 shifts to AD3 : A) output increases from GDP2 to GDP3 , but the multiplier is not at full strength. B) output increases from GDP2 to GDP' and the multiplier is at full strength. C) the price level increases from P1 to P2, but the multiplier is at full strength. ...
... 28. Refer to the above graph. When AD2 shifts to AD3 : A) output increases from GDP2 to GDP3 , but the multiplier is not at full strength. B) output increases from GDP2 to GDP' and the multiplier is at full strength. C) the price level increases from P1 to P2, but the multiplier is at full strength. ...
Long roots of the crisis - Michael Roberts Blog
... of austerity measures), deny this. So their solutions to crises do not work. Keynesian state-induced stimulus programmes (redistributive, monetary, and fiscal) cannot overcome the underlying tendency for profitability to fall. The same holds for the policies of ‘austerity’, which are designed to red ...
... of austerity measures), deny this. So their solutions to crises do not work. Keynesian state-induced stimulus programmes (redistributive, monetary, and fiscal) cannot overcome the underlying tendency for profitability to fall. The same holds for the policies of ‘austerity’, which are designed to red ...
AM II Basic Macroeconomic Model
... concentrates on the behavior of the macroeconomic variables within a time horizon of a few years. focuses on mechanisms that determine how fully an economy uses its productive capacity and are typically demand dominated. shifts in aggregate demand tend to be accommodated by changes in the prod ...
... concentrates on the behavior of the macroeconomic variables within a time horizon of a few years. focuses on mechanisms that determine how fully an economy uses its productive capacity and are typically demand dominated. shifts in aggregate demand tend to be accommodated by changes in the prod ...
Lecture 13
... Increases in aggregate demand cause us to move along the short run aggregate supply curve, and thus increasing the price level. We sometimes put this another way by saying that the Phillips curve shifts as inflationary expectations change. Thus there would be a whole range of Phillips curves corresp ...
... Increases in aggregate demand cause us to move along the short run aggregate supply curve, and thus increasing the price level. We sometimes put this another way by saying that the Phillips curve shifts as inflationary expectations change. Thus there would be a whole range of Phillips curves corresp ...
The New Global Middle Class - Observatorio Asia Pacifico
... reversion: U.S. income levels have reverted to a level that reflects a constant long-run trend growth rate.16 We make the simplifying assumption that this process of advance in U.S. productivity will continue for the next two decades, notwithstanding the current financial crisis. Other countries hav ...
... reversion: U.S. income levels have reverted to a level that reflects a constant long-run trend growth rate.16 We make the simplifying assumption that this process of advance in U.S. productivity will continue for the next two decades, notwithstanding the current financial crisis. Other countries hav ...
View/Open
... The results show that aid increases government investment while FDI increases private investment. Also FDI has a larger impact on savings and imports; however exports do not change with either of the exogenous variables. Overall, under the alternative assumptions, as military coups caused political ...
... The results show that aid increases government investment while FDI increases private investment. Also FDI has a larger impact on savings and imports; however exports do not change with either of the exogenous variables. Overall, under the alternative assumptions, as military coups caused political ...
World in 2050
... doubling in size by 2032 and nearly doubling again by 2050. China is projected to overtake the US as the largest economy by 2017 in purchasing power parity (PPP) terms and by 2027 in market exchange rate terms. India should become the third ‘global economic giant’ by 2050, a long way ahead of Brazil ...
... doubling in size by 2032 and nearly doubling again by 2050. China is projected to overtake the US as the largest economy by 2017 in purchasing power parity (PPP) terms and by 2027 in market exchange rate terms. India should become the third ‘global economic giant’ by 2050, a long way ahead of Brazil ...
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.