![Document](http://s1.studyres.com/store/data/016542610_1-2b1785ca80b698a2e7e38d39932d1ad3-300x300.png)
Document
... 3.2 Specialisation and Gains from Trade Apart from economic growth and technological change, are there any other means to raise the consumption of both goods? Once again, the answer is yes. Consumption possibilities can be enlarged by specialisation and trade. As explained and illustrated above, alt ...
... 3.2 Specialisation and Gains from Trade Apart from economic growth and technological change, are there any other means to raise the consumption of both goods? Once again, the answer is yes. Consumption possibilities can be enlarged by specialisation and trade. As explained and illustrated above, alt ...
Macroeconomics 1 Ch VII. Investment and Growth Theories Chapter
... Implications: (1) There are a lot more expected variables in the investment function than in any other function; the expectations matter more in the investment function than in other functions. (2) The expectations change all the time, reacting to 'News', which may not be necessarily correct. (3) Am ...
... Implications: (1) There are a lot more expected variables in the investment function than in any other function; the expectations matter more in the investment function than in other functions. (2) The expectations change all the time, reacting to 'News', which may not be necessarily correct. (3) Am ...
Economic Growth Controlling Capital : focusing on the 1960s
... significant government capacity and relatively little corruption. More importantly, the growth-oriented state encourages the corporate sector to make use of borrowed capital productively by enacting industrial policies and controlling domestic finance. Foreign capital was an important source of pref ...
... significant government capacity and relatively little corruption. More importantly, the growth-oriented state encourages the corporate sector to make use of borrowed capital productively by enacting industrial policies and controlling domestic finance. Foreign capital was an important source of pref ...
Influence of quality of life on the state and development of human
... Norway, Denmark and Finland were at the top of the list. The top ten includes Australia, New Zealand, Sweden, Canada, Switzerland, the Netherlands, and the U.S. Last place is taken by Zimbabwe, Pakistan, and the Central African Republic. In Europe, Latvia is in 47th place, Romania in 51st, Belarus i ...
... Norway, Denmark and Finland were at the top of the list. The top ten includes Australia, New Zealand, Sweden, Canada, Switzerland, the Netherlands, and the U.S. Last place is taken by Zimbabwe, Pakistan, and the Central African Republic. In Europe, Latvia is in 47th place, Romania in 51st, Belarus i ...
THE FIRST INDUSTRIAL REVOLUTION
... Table 7 confirms these claims albeit in an open economy context. Had Britain operated with 2/3 of the land under peasant farming as in the seventeenth century, which was still the case in France in the 1840s, this would have had a major impact on the structure of employment. Thus simulations of the ...
... Table 7 confirms these claims albeit in an open economy context. Had Britain operated with 2/3 of the land under peasant farming as in the seventeenth century, which was still the case in France in the 1840s, this would have had a major impact on the structure of employment. Thus simulations of the ...
Entrepreneurship Impact on Economic Growth in Emerging Countries
... rapid developments in communication and technology, the falling transportation cost and the free flow of trade and services, all of which are changing the world to become such a one small village. Moreover, these changes have put excessive pressure, on along with providing opportunities for the dome ...
... rapid developments in communication and technology, the falling transportation cost and the free flow of trade and services, all of which are changing the world to become such a one small village. Moreover, these changes have put excessive pressure, on along with providing opportunities for the dome ...
Long-Term Growth of the US Economy
... There are some other distinctions about long-term growth that should be understood before proceeding. First, long-term growth refers to an economy increasing its productive capacity or what is usually called “potential output.” This is somewhat distinct from short-run changes in economic activity ov ...
... There are some other distinctions about long-term growth that should be understood before proceeding. First, long-term growth refers to an economy increasing its productive capacity or what is usually called “potential output.” This is somewhat distinct from short-run changes in economic activity ov ...
The Political Economy of Growth
... To answer these questions, we need to make a distinction between two, related definitions of democracy. The first identifies a democracy as a nation with regular, free, competitive (multiparty) elections. The second focuses on the amount of civil and economic liberties available to the population. T ...
... To answer these questions, we need to make a distinction between two, related definitions of democracy. The first identifies a democracy as a nation with regular, free, competitive (multiparty) elections. The second focuses on the amount of civil and economic liberties available to the population. T ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... these variables, and facilitate their interpretation and subsequent use. However, while Koopmans’s injunction is especially important for defining the role of capital in the national accounts, it does not specify any particular theory, and, of course, there are many candidates for this role: capital ...
... these variables, and facilitate their interpretation and subsequent use. However, while Koopmans’s injunction is especially important for defining the role of capital in the national accounts, it does not specify any particular theory, and, of course, there are many candidates for this role: capital ...
economic disruption, malthusian fertility, and economic growth
... as a base year, while Figure 2 plots the GDP for the United States and Germany during 1929-37, using 1929 as a base year. The depression in Poland, though deeper than the one in Russia during the first two years, was not as severe as the depressions in the other three countries. The Polish trough, ...
... as a base year, while Figure 2 plots the GDP for the United States and Germany during 1929-37, using 1929 as a base year. The depression in Poland, though deeper than the one in Russia during the first two years, was not as severe as the depressions in the other three countries. The Polish trough, ...
Basics of Marxist Economics, by Roger McCain of Drexel University
... exceptions. If the supply of goods could not be increased by labor, then their value would be determined by their scarcity, and not by the labor embodied in them. Old master paintings would be a case in point—no more could be produced, since all the old masters were dead, so the price of these pai ...
... exceptions. If the supply of goods could not be increased by labor, then their value would be determined by their scarcity, and not by the labor embodied in them. Old master paintings would be a case in point—no more could be produced, since all the old masters were dead, so the price of these pai ...
Taking Mankiw, Romer and Weil Seriously. NBER Working Paper
... capital goods (like transportation and communication networks). Furthermore, disasters might be catalysts for adoption of new technologies that may be beneficial in generating (especially long-term) growth. In some sense, disasters accelerate the creative-destruction process and thus contribute to t ...
... capital goods (like transportation and communication networks). Furthermore, disasters might be catalysts for adoption of new technologies that may be beneficial in generating (especially long-term) growth. In some sense, disasters accelerate the creative-destruction process and thus contribute to t ...
www.ijms.um.edu.my
... long-run relationship between FDI, exports, and economic growth in India. They found that all the variables were cointegrated and that both regressors were positively related to economic growth. Thus, they concluded that FDI is a source for economic growth in India. In contrast, Singer (1950) claime ...
... long-run relationship between FDI, exports, and economic growth in India. They found that all the variables were cointegrated and that both regressors were positively related to economic growth. Thus, they concluded that FDI is a source for economic growth in India. In contrast, Singer (1950) claime ...
IOSR Journal of Business and Management (IOSR-JBM)
... with the surplus unit of any economy. The inability of the capital market to perform this role deprives the economy of much needed financial resources for investment and production of goods and services, (Ewah et al., 2009; Odili and Ezeudu, 2014). The capital market was therefore constituted or est ...
... with the surplus unit of any economy. The inability of the capital market to perform this role deprives the economy of much needed financial resources for investment and production of goods and services, (Ewah et al., 2009; Odili and Ezeudu, 2014). The capital market was therefore constituted or est ...
Financial Development, Human Capital, and Economic Growth: New
... Journal of Finance and Bank Management June 2016, Vol. 4, No. 1, pp. 49-67 ...
... Journal of Finance and Bank Management June 2016, Vol. 4, No. 1, pp. 49-67 ...
NBER WORKING PAPER SERIES IDEAS AND EDUCATION: LEVEL OR GROWTH EFFECTS? Steve Dowrick
... There is an important distinction between embodied and disembodied human capital. Human capital in the form of abilities and skills is embodied inasmuch as it lives and dies with particular people. We invest in human capital not only through formal education and training programmes, but also through ...
... There is an important distinction between embodied and disembodied human capital. Human capital in the form of abilities and skills is embodied inasmuch as it lives and dies with particular people. We invest in human capital not only through formal education and training programmes, but also through ...
Smith, Marshall and Young on Division of Labor and Economic Growth
... ratio of positively valued outputs to inputs” (Italics in the original text). ...
... ratio of positively valued outputs to inputs” (Italics in the original text). ...
Kuliah 1_Investasi
... 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 conveyed that net investment should depend on whether q is greater or less than 1. If q >1, then firms can raise the value ...
... 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 conveyed that net investment should depend on whether q is greater or less than 1. If q >1, then firms can raise the value ...
PDF
... However, the major problem with several of these studies is that the data set available to test the complementarity hypothesis is often in annual terms and for a limited time period. Thus, even when cointegration tests are performed and error correction models are generated , the reliability of the ...
... However, the major problem with several of these studies is that the data set available to test the complementarity hypothesis is often in annual terms and for a limited time period. Thus, even when cointegration tests are performed and error correction models are generated , the reliability of the ...
this PDF file - UP School of Economics
... Malaysia. Malaysia is often suggested as an example that demonstrates the case for a federal structure of government. The Malaysian Federation arose from the traditional control that the British government developed over centuries of balancing empire and local control. The British empire ruled many ...
... Malaysia. Malaysia is often suggested as an example that demonstrates the case for a federal structure of government. The Malaysian Federation arose from the traditional control that the British government developed over centuries of balancing empire and local control. The British empire ruled many ...
Document
... α /(1 − α ) in finite time and thereafter the system will return to the pre-shock equilibrium. BSM has two minor fallacies in their analysis. First, BSM (1995, p.176) use the expression that “(…) the constraint of nonnegative gross investment in human capital becomes nonbinding” to refer to the time ...
... α /(1 − α ) in finite time and thereafter the system will return to the pre-shock equilibrium. BSM has two minor fallacies in their analysis. First, BSM (1995, p.176) use the expression that “(…) the constraint of nonnegative gross investment in human capital becomes nonbinding” to refer to the time ...
THE VARIETIES OF CAPITALISM AND HYBRID SUCCESS
... high risk taking. These enable firms to keep labor costs down, shed labor and close plants quickly, shift capital rapidly from one industry to another, and invest in risky but potentially revolutionary and lucrative research and development projects. In contrast, firms in CMEs compete more on the ba ...
... high risk taking. These enable firms to keep labor costs down, shed labor and close plants quickly, shift capital rapidly from one industry to another, and invest in risky but potentially revolutionary and lucrative research and development projects. In contrast, firms in CMEs compete more on the ba ...
Tackling inequality through trade and development in the
... not taken into account, the inequality between countries is higher today than it was in 1980. Inequality within countries has deteriorated in most countries due to the persistent decline of the share of wages in total output and the move towards less progressive tax systems and less generous social ...
... not taken into account, the inequality between countries is higher today than it was in 1980. Inequality within countries has deteriorated in most countries due to the persistent decline of the share of wages in total output and the move towards less progressive tax systems and less generous social ...
Growth Patterns and Inequality in The Presence
... The subject of this paper relates to the growing literature on the political economy of development. Contemporary theoretical literature in this area recognizes that policies and institutions are essentially endogenous, in the sense that they are determined by what agents in the economy prefer (Krus ...
... The subject of this paper relates to the growing literature on the political economy of development. Contemporary theoretical literature in this area recognizes that policies and institutions are essentially endogenous, in the sense that they are determined by what agents in the economy prefer (Krus ...
Long roots of the crisis - Michael Roberts Blog
... became truly global in the late 20th century, a period that was similar but way more powerful than in the ‘globalisation’ period of the late 19th century. The huge increase in capitalist investment into so-called emerging capitalist economies brought into the capitalist mode of production for the fi ...
... became truly global in the late 20th century, a period that was similar but way more powerful than in the ‘globalisation’ period of the late 19th century. The huge increase in capitalist investment into so-called emerging capitalist economies brought into the capitalist mode of production for the fi ...
Uneven and combined development
![](https://commons.wikimedia.org/wiki/Special:FilePath/Puerto_del_Huasco.jpg?width=300)
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.