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Capital services (cont`d)
... Assets used in non-market production- if the recommendation had been adopted, then non-market output, and thus GDP, would be higher by the amount of the estimated capital services ...
... Assets used in non-market production- if the recommendation had been adopted, then non-market output, and thus GDP, would be higher by the amount of the estimated capital services ...
Capital Flows to Emerging Markets
... understand which sector in the economy is driving capital flows. Moreover it is key to understand the precise nature of the investor driving such flows (e.g. banks, pension fund, sovereign-wealth funds). While some micro-level literature assessing the role of mutual funds exists (see Gelos, 2011, fo ...
... understand which sector in the economy is driving capital flows. Moreover it is key to understand the precise nature of the investor driving such flows (e.g. banks, pension fund, sovereign-wealth funds). While some micro-level literature assessing the role of mutual funds exists (see Gelos, 2011, fo ...
Mateusz Machaj* MARKET SOCIALISM AND ECONOMIC
... indirectly instructs: “do this, because it is profitable”. This is a minor change and makes the whole case of market socialism almost irrelevant for the socialist challenge. It could be argued that under capitalism the case is similar because existing prices already “illustrate” what is profitable a ...
... indirectly instructs: “do this, because it is profitable”. This is a minor change and makes the whole case of market socialism almost irrelevant for the socialist challenge. It could be argued that under capitalism the case is similar because existing prices already “illustrate” what is profitable a ...
China Region Economic Growth Convergence and Its Mechanism
... The economic growths of many regions are accelerating during China reform, and the differences in regions are more significant since 1990. The differences are more and more discussed by many scholars. Cai Fang and Du Yang (2000), Shen Kunrong and Ma Jun (2002) divide China into three regions, the ea ...
... The economic growths of many regions are accelerating during China reform, and the differences in regions are more significant since 1990. The differences are more and more discussed by many scholars. Cai Fang and Du Yang (2000), Shen Kunrong and Ma Jun (2002) divide China into three regions, the ea ...
The long roots of the present crisis
... “austerity,” which are designed to reduce debt and raise profitability. These conclusions are particularly relevant for the weaker Eurozone economies in the midst of the euro crisis. In a case study of Argentina, we argue that it was not competitive devaluation that restored growth after the 2001 cr ...
... “austerity,” which are designed to reduce debt and raise profitability. These conclusions are particularly relevant for the weaker Eurozone economies in the midst of the euro crisis. In a case study of Argentina, we argue that it was not competitive devaluation that restored growth after the 2001 cr ...
Nature, Power, and Growth
... Having made this distinction between quantity and quality, let us now look at the other types of capital. Take human capital, acquired, for example, through education. Surprisingly, it is only recently that scholars of economic growth have paid much attention to the contribution of education toward ...
... Having made this distinction between quantity and quality, let us now look at the other types of capital. Take human capital, acquired, for example, through education. Surprisingly, it is only recently that scholars of economic growth have paid much attention to the contribution of education toward ...
Capital Accumulation, Technological Change, and the Distribution of
... the main cause of growth. To see whether industrializing Britain was the same, measures of the capital stock, labour force, and land input were needed as well as a series of real GDP. Table 1 shows Solow’s growth accounting model applied to Britain. In this approach, some of the rise in output per c ...
... the main cause of growth. To see whether industrializing Britain was the same, measures of the capital stock, labour force, and land input were needed as well as a series of real GDP. Table 1 shows Solow’s growth accounting model applied to Britain. In this approach, some of the rise in output per c ...
True/False Questions
... d. growth rates in all countries have stagnated since 1972. ANSWER: a 6. The U.S. growth rates for the 1990-99 has: a. increased compared to 1973-90 period. b. decreased compared to1973-90 period. c. has remained the same as that of 1973-90 period. d. has stagnated at low rates. ANSWER: a 7. The thr ...
... d. growth rates in all countries have stagnated since 1972. ANSWER: a 6. The U.S. growth rates for the 1990-99 has: a. increased compared to 1973-90 period. b. decreased compared to1973-90 period. c. has remained the same as that of 1973-90 period. d. has stagnated at low rates. ANSWER: a 7. The thr ...
essen-ch17-presentat..
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
Production and Growth
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
PPT
... workers is relatively unrestricted by government regulation. • Similarly, American workers tend to enter the work force sooner and retire later than do workers in Europe. • The U.S. financial system is relatively efficient, and the high volume of trading ensures high liquidity, making the U.S. an at ...
... workers is relatively unrestricted by government regulation. • Similarly, American workers tend to enter the work force sooner and retire later than do workers in Europe. • The U.S. financial system is relatively efficient, and the high volume of trading ensures high liquidity, making the U.S. an at ...
Document
... Curve AA in Figure 17.3: combinations of gA and gK for which gA is constant over time. Slope of AA is (1-)/, which is ambiguous in sign. Figure assumes that < 1, so that the slope is positive. Above (below) AA, gA is rising (falling). (9) exhibits constant returns to scale in K and A. Thus wheth ...
... Curve AA in Figure 17.3: combinations of gA and gK for which gA is constant over time. Slope of AA is (1-)/, which is ambiguous in sign. Figure assumes that < 1, so that the slope is positive. Above (below) AA, gA is rising (falling). (9) exhibits constant returns to scale in K and A. Thus wheth ...
executive summary - National Association of Wholesaler
... Chapter 5: The Transformative Role of Information Technology As distributors look to position themselves for future growth opportunities—including online—they must further elevate the profile of the IT function and create a bold IT strategy to guide investments in IT infrastructure and capabilities. ...
... Chapter 5: The Transformative Role of Information Technology As distributors look to position themselves for future growth opportunities—including online—they must further elevate the profile of the IT function and create a bold IT strategy to guide investments in IT infrastructure and capabilities. ...
III. Fiscal policy and capital formation
... post-socialist depression still continues. Whereas in the best example, that is Poland, GDP in 1999 is at about 120 percent of pre-transition level of 1989, in the countries involved in ten years lasting depression, for example, Russia or Ukraine, it is around meager 30-40 percent. During transition ...
... post-socialist depression still continues. Whereas in the best example, that is Poland, GDP in 1999 is at about 120 percent of pre-transition level of 1989, in the countries involved in ten years lasting depression, for example, Russia or Ukraine, it is around meager 30-40 percent. During transition ...
LOS CICLOS EN LA ECONOMÍA Paseando con
... appearance of new engines. They reach the whole economy. They increase productivity. They comprise the core of the technological-economic revolution. • 2. Radical innovations. Assembly-line production or the appearance of a factor that has an impact on others (the microchip, for example, in electron ...
... appearance of new engines. They reach the whole economy. They increase productivity. They comprise the core of the technological-economic revolution. • 2. Radical innovations. Assembly-line production or the appearance of a factor that has an impact on others (the microchip, for example, in electron ...
Production/destruction in Latin America
... destruction amounts to protecting obsolete technologies and incumbent power (Malerba and Brusoni 2007). This reframing of the concept of creative destruction is part of a neoliberal critique of mid-twentieth century development economics, and the central role of the state in the double effort to pro ...
... destruction amounts to protecting obsolete technologies and incumbent power (Malerba and Brusoni 2007). This reframing of the concept of creative destruction is part of a neoliberal critique of mid-twentieth century development economics, and the central role of the state in the double effort to pro ...
Productivity - Middle Tennessee State University
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
... Natural resources (N): the inputs into production that nature provides, e.g., land, mineral deposits ...
PPT
... Singapore and Hong Kong have both had phenomenal post–World War II economic growth, but the sources of growth in each country were very different: • Investment was high in Singapore. Nearly all the growth was accounted for by increases in labor and capital. • Hong Kong had a much lower investment ra ...
... Singapore and Hong Kong have both had phenomenal post–World War II economic growth, but the sources of growth in each country were very different: • Investment was high in Singapore. Nearly all the growth was accounted for by increases in labor and capital. • Hong Kong had a much lower investment ra ...
Values, The Dominant Social Par
... controls. Political liberalism was the ideology which had as its main aim the justification of the project for a liberal conception of democracy, which is founded on a negative conception of freedom (“freedom from” state restrictions) and a corresponding conception of human rights —a project implyin ...
... controls. Political liberalism was the ideology which had as its main aim the justification of the project for a liberal conception of democracy, which is founded on a negative conception of freedom (“freedom from” state restrictions) and a corresponding conception of human rights —a project implyin ...
- Economic Growth and Distribution:On the
... dominant, neoclassical approach considers transfer-based pay-as-you-go programs (PAYG) as injurious to capital accumulation and favours the adoption of saving-based fully funded schemes (FF) that would instead encourage it. An alternative approach (let us label it ‘Classical-Keynesian’) based on the ...
... dominant, neoclassical approach considers transfer-based pay-as-you-go programs (PAYG) as injurious to capital accumulation and favours the adoption of saving-based fully funded schemes (FF) that would instead encourage it. An alternative approach (let us label it ‘Classical-Keynesian’) based on the ...
Document
... 2. The collapse of communism in East Europe and the Soviet Union had little effect on Socialist strategies in the Global South. True or False 3. Capitalism is a simple system where government essentially steps back and lets the market do what it wants. True or False 4. Roskin and Berry believe that ...
... 2. The collapse of communism in East Europe and the Soviet Union had little effect on Socialist strategies in the Global South. True or False 3. Capitalism is a simple system where government essentially steps back and lets the market do what it wants. True or False 4. Roskin and Berry believe that ...
The Emperor Has New Clothes Mainstream Theories of Economic Growth .
... The chief elements of natural capital included here are forestry, mining (metals and minerals) and agricultural land. Forest area fell to the 1920s but rose over the next half-century to peak at around 300 million hectares in the early 1970s. The standing value of the trees also fell to the 1920s bu ...
... The chief elements of natural capital included here are forestry, mining (metals and minerals) and agricultural land. Forest area fell to the 1920s but rose over the next half-century to peak at around 300 million hectares in the early 1970s. The standing value of the trees also fell to the 1920s bu ...
Human capital and its measurement
... The success depends in large part on the people with higher level of competence. In response, the people are becoming valuable assets. In the economic perspective, the capital refers to factors of production used to create goods or services The human is the subject to take charge of all econom ...
... The success depends in large part on the people with higher level of competence. In response, the people are becoming valuable assets. In the economic perspective, the capital refers to factors of production used to create goods or services The human is the subject to take charge of all econom ...
A THEORETICAL GLANCE AT MILITARY EXPENDITURES
... rapid growth rate of the United States has considerably and especially been supported by military expenditures. Overlapping the policies suggested by Keynes to sustain the activity of the capitalist system, the military expenditures do not go beyond the reform line which the capitalists may possibly ...
... rapid growth rate of the United States has considerably and especially been supported by military expenditures. Overlapping the policies suggested by Keynes to sustain the activity of the capitalist system, the military expenditures do not go beyond the reform line which the capitalists may possibly ...
The Emperor Has New Clothes: Empirical Tests of Mainstream
... 2. The theoretical model and its testable implications. We start with the model of Weitzman (1976). He studies an economy which produces a single consumption good (or multiple consumption goods representable by an index number) using multiple types of capital over infinite time, with a constant disc ...
... 2. The theoretical model and its testable implications. We start with the model of Weitzman (1976). He studies an economy which produces a single consumption good (or multiple consumption goods representable by an index number) using multiple types of capital over infinite time, with a constant disc ...
Uneven and combined development
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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.