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S2012029_en.pdf
... Third, this industrial policy is set within an industrial revolution encompassing new information and communication technologies, biotechnology and nanotechnology. Industrial policy should dovetail with developments on the scientific and industrial frontier, where new knowledge paradigms turn into n ...
... Third, this industrial policy is set within an industrial revolution encompassing new information and communication technologies, biotechnology and nanotechnology. Industrial policy should dovetail with developments on the scientific and industrial frontier, where new knowledge paradigms turn into n ...
Chapter 2: Economic Growth in the Twentieth
... many times greater than it was a century ago. In this chapter, we will examine this experience is greater detail. First, we will describe and evaluate the measure that we use to determine just how much the production of goods and services has changed. Second, we will consider the reasons for the phe ...
... many times greater than it was a century ago. In this chapter, we will examine this experience is greater detail. First, we will describe and evaluate the measure that we use to determine just how much the production of goods and services has changed. Second, we will consider the reasons for the phe ...
4. Supply and Demand Developments
... and BTS indicate a low production level in March. Current indicators reveal a decline both in domestic and external demand in the first quarter, that in the latter being stronger. In fact, as imports excluding gold posted a mild increase, while exports excluding gold receded, the deterioration seen ...
... and BTS indicate a low production level in March. Current indicators reveal a decline both in domestic and external demand in the first quarter, that in the latter being stronger. In fact, as imports excluding gold posted a mild increase, while exports excluding gold receded, the deterioration seen ...
N 202
... national accounting data into earlier historical periods allows this method to be applied to ...
... national accounting data into earlier historical periods allows this method to be applied to ...
Mq te Working paper series WP # 12-14
... Frankel (2010) and van der Ploeg (2011), among others, provides a detailed review of the evidence and theories on the natural resource curse. This section focuses on some papers that o¤er observational evidence that establishes the puzzle, and reviews the literature that we believe is closer to our ...
... Frankel (2010) and van der Ploeg (2011), among others, provides a detailed review of the evidence and theories on the natural resource curse. This section focuses on some papers that o¤er observational evidence that establishes the puzzle, and reviews the literature that we believe is closer to our ...
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... rebound. In addition to examining recent productivity behavior, the current study adds a few new features to the analysis. First, it examines the welfare-theoretic basis of productivity measures and proposes an “ideal” index of productivity growth. Second, it lays out a different way of decomposing ...
... rebound. In addition to examining recent productivity behavior, the current study adds a few new features to the analysis. First, it examines the welfare-theoretic basis of productivity measures and proposes an “ideal” index of productivity growth. Second, it lays out a different way of decomposing ...
Chapter 17 Lecture Notes
... classical view of the world is broadly correct, but in addition to fluctuations that arise from the normal functioning of an expanding economy, fluctuations in the quantity of money also generate the business cycle. A slowdown in the growth rate of money brings recession and a large decrease in the ...
... classical view of the world is broadly correct, but in addition to fluctuations that arise from the normal functioning of an expanding economy, fluctuations in the quantity of money also generate the business cycle. A slowdown in the growth rate of money brings recession and a large decrease in the ...
Unemployment
... • We may be under-counting the true level of unemployment • Unemployment in Britain may be twice as high as official statistics show. Research on the UK labour market by economists at HSBC bank takes into account anybody who is 'economically inactive', but looking for a job, not just those who are e ...
... • We may be under-counting the true level of unemployment • Unemployment in Britain may be twice as high as official statistics show. Research on the UK labour market by economists at HSBC bank takes into account anybody who is 'economically inactive', but looking for a job, not just those who are e ...
Economic Developments in 2009
... unemployment and health care benefits. Coupled with tax incentives for employers to retain labour, unemployment in the euro area did not rise as much as the US. Fiscal measures were also directed at boosting consumption through tax rebates, especially on automobiles as well as infrastructure spending ...
... unemployment and health care benefits. Coupled with tax incentives for employers to retain labour, unemployment in the euro area did not rise as much as the US. Fiscal measures were also directed at boosting consumption through tax rebates, especially on automobiles as well as infrastructure spending ...
Student_Chapter 17 Lecture Notes
... classical view of the world is broadly correct, but in addition to fluctuations that arise from the normal functioning of an expanding economy, fluctuations in the quantity of money also generate the business cycle. A slowdown in the growth rate of money brings recession and a large decrease in the ...
... classical view of the world is broadly correct, but in addition to fluctuations that arise from the normal functioning of an expanding economy, fluctuations in the quantity of money also generate the business cycle. A slowdown in the growth rate of money brings recession and a large decrease in the ...
Services-led Growth: The Indian Experience
... identifying these factors and examining their impact it is also necessary to remember that services GDP whose growth and share in aggregate GDP we have been considering in Section I does not refer to services’ output, but value added, i.e., output less intermediate inputs used up in its production. ...
... identifying these factors and examining their impact it is also necessary to remember that services GDP whose growth and share in aggregate GDP we have been considering in Section I does not refer to services’ output, but value added, i.e., output less intermediate inputs used up in its production. ...
Financial Imbalances and Financial Fragility Frédéric Boissay April 2011
... that are consistent with the observed developments in the …nancial sector during the recent crisis (feature 4). Such coordination failures are only possible when real sector productivity is too low, i.e. below what would be needed to maintain borrowers’incentives (feature 3). In the second step, I a ...
... that are consistent with the observed developments in the …nancial sector during the recent crisis (feature 4). Such coordination failures are only possible when real sector productivity is too low, i.e. below what would be needed to maintain borrowers’incentives (feature 3). In the second step, I a ...
1 2 1 AB - KCSD Connect
... takes into account the goods and services produced in the United States but sold in foreign countries—in other words, exports. However, U.S. consumers and businesses also buy, or import, goods made in foreign countries. Cars, car parts, and crude oil are the largest imports in dollar value. The GDP ...
... takes into account the goods and services produced in the United States but sold in foreign countries—in other words, exports. However, U.S. consumers and businesses also buy, or import, goods made in foreign countries. Cars, car parts, and crude oil are the largest imports in dollar value. The GDP ...
Real Business Cycles
... models over-emphasize the importance of intertemporal substitution. • Microeconomic evidence suggest that the intertemporal substitution effect is in fact very weak (an example is Joseph Altonji’s (Journal of Political Economy, 1986) study of US household panel data). • Actual correlation of hours a ...
... models over-emphasize the importance of intertemporal substitution. • Microeconomic evidence suggest that the intertemporal substitution effect is in fact very weak (an example is Joseph Altonji’s (Journal of Political Economy, 1986) study of US household panel data). • Actual correlation of hours a ...
TRA Quarterly, Issue 1: September 2012 Executive summary Key
... (an exception was Australia which reported unchanged levels at that time), most markets have now exceeded their pre-GFC levels. By region, the UNWTO reports that the strongest growth is likely to occur in Asia and the Pacific, Americas and African regions. ...
... (an exception was Australia which reported unchanged levels at that time), most markets have now exceeded their pre-GFC levels. By region, the UNWTO reports that the strongest growth is likely to occur in Asia and the Pacific, Americas and African regions. ...
- Ministry of Finance
... that the proportion of the population classed as „severely poor‟ dropped from 14 percent in 2003/04 to just under 10 percent in 2009/10. The proportion classed as „poor‟ has also dropped, from 28 percent in 2003/04 to under 20 percent in 2009/10. In terms of a broader definition of poverty, Namibia‟ ...
... that the proportion of the population classed as „severely poor‟ dropped from 14 percent in 2003/04 to just under 10 percent in 2009/10. The proportion classed as „poor‟ has also dropped, from 28 percent in 2003/04 to under 20 percent in 2009/10. In terms of a broader definition of poverty, Namibia‟ ...
Factors Influencing Relative Price of Goods and Services Sectors in
... during the earlier program. The programme set the target of increasing the proportion of public sector surplus in GDP up to 6.5% and specified measures needed to attain this target. With regard to monetary policy, the program underlined the need to adopt inflation targeting upon the realization of i ...
... during the earlier program. The programme set the target of increasing the proportion of public sector surplus in GDP up to 6.5% and specified measures needed to attain this target. With regard to monetary policy, the program underlined the need to adopt inflation targeting upon the realization of i ...
May 2007 by Alexander J. Field*
... in the years both before and after the Second World War and in a variety of subperiods during which the trend growth rate of TFP was quite different. These conclusions are robust to substituting the pre-1948 unemployment series generated by Weir (1992) for the Lebergott numbers which continue to be ...
... in the years both before and after the Second World War and in a variety of subperiods during which the trend growth rate of TFP was quite different. These conclusions are robust to substituting the pre-1948 unemployment series generated by Weir (1992) for the Lebergott numbers which continue to be ...
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.