On the concept of locational competition
... 12. Policy competition in the provision of public goods and in taxes has an important institutional aspect. This is the issue of fiscal equivalence [Olson, 1969], i.e., the problem of finding the correct institutional arrangement of financing a spatially limited public good. Apparently, this institu ...
... 12. Policy competition in the provision of public goods and in taxes has an important institutional aspect. This is the issue of fiscal equivalence [Olson, 1969], i.e., the problem of finding the correct institutional arrangement of financing a spatially limited public good. Apparently, this institu ...
Chapter 5: Human Capital
... largest country in the world by territory. But what about economic size? There is a rather obvious positive correlation between population size and total wealth: big countries are big economically; and Russia fits in precisely where one would expect. Russia is the eighth largest country in the world ...
... largest country in the world by territory. But what about economic size? There is a rather obvious positive correlation between population size and total wealth: big countries are big economically; and Russia fits in precisely where one would expect. Russia is the eighth largest country in the world ...
UNIT 1 - GUNS and ROSES
... regarding production, prices, wages, interest rates, and income distribution. ...
... regarding production, prices, wages, interest rates, and income distribution. ...
Macroeconomics and the Environment
... Economists measure the economic output of a society using indicators such as gross national product (GNP) or gross domestic product (GDP)1. While it is widely recognized that such measures do not quantify human well-being, both economists and policy makers often assume that an increase in GDP corres ...
... Economists measure the economic output of a society using indicators such as gross national product (GNP) or gross domestic product (GDP)1. While it is widely recognized that such measures do not quantify human well-being, both economists and policy makers often assume that an increase in GDP corres ...
2014 Working paper on Cross
... (Please insert Figure 1 about here) As indicated in Figure 1, entrepreneurship is one subset of economic activity that is a consequence of free markets, a connection that has also been explored in recent research. Looking at just domestic U.S. data, Kraft and Sobel (2005) find that sole proprietorsh ...
... (Please insert Figure 1 about here) As indicated in Figure 1, entrepreneurship is one subset of economic activity that is a consequence of free markets, a connection that has also been explored in recent research. Looking at just domestic U.S. data, Kraft and Sobel (2005) find that sole proprietorsh ...
The Crisis of the Early 21st Century: Marxian perspectives
... describe neoliberalism as a new “social order” in which capitalist classes restored their powers and incomes, considerably diminished during the class compromise of the first postWorld War II decades (the social-democratic or Keynesian decades). The control of financial institutions—now working to t ...
... describe neoliberalism as a new “social order” in which capitalist classes restored their powers and incomes, considerably diminished during the class compromise of the first postWorld War II decades (the social-democratic or Keynesian decades). The control of financial institutions—now working to t ...
CH 8 - Cameron University
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. CHAPTER 8 ...
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. CHAPTER 8 ...
Mankiw 6e PowerPoints
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. CHAPTER 8 ...
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. CHAPTER 8 ...
Preview Sample 1
... (Explain that investment in capital goods will increase future production possibilities because workers are more productive the more plant and equipment they have to work with. Emphasize that greater growth is illustrated as a rightward shift of the production possibilities curve.) Therefore, if we ...
... (Explain that investment in capital goods will increase future production possibilities because workers are more productive the more plant and equipment they have to work with. Emphasize that greater growth is illustrated as a rightward shift of the production possibilities curve.) Therefore, if we ...
Income Inequality, Fertility, Human Capital Accumulation and
... this model predicts effects on growth rates in the long run. In fact, the authors state that the model can explain the evolution of income, fertility and inequality in the last 200 years in industrialized countries. One of the most relevant and controversial implications of this model is that the re ...
... this model predicts effects on growth rates in the long run. In fact, the authors state that the model can explain the evolution of income, fertility and inequality in the last 200 years in industrialized countries. One of the most relevant and controversial implications of this model is that the re ...
The Comparison of the Solow Residual of Regional Economic Growth
... consumption especially consumption of low-middle class. At the same time, we should accelerate industrial upgrading and reduce excess industrial capacity. Second, the gaps of Solow residual among regional economic growth in China are larger, and nearly half of the provinces have no Solow residual or ...
... consumption especially consumption of low-middle class. At the same time, we should accelerate industrial upgrading and reduce excess industrial capacity. Second, the gaps of Solow residual among regional economic growth in China are larger, and nearly half of the provinces have no Solow residual or ...
Pełny tekst
... far lower than in Nazi Germany). Thus, economic growth in the late 1930s at least to some extent, was just an effect of recovery, not a successful economic policy of Kwiatkowski. This new economic policy, successful or not, had an important effect on economic structure of Poland. The rise of public ...
... far lower than in Nazi Germany). Thus, economic growth in the late 1930s at least to some extent, was just an effect of recovery, not a successful economic policy of Kwiatkowski. This new economic policy, successful or not, had an important effect on economic structure of Poland. The rise of public ...
Knowledge-Based Economy and Society Has Become a Vital
... is that knowledge societies must foster knowledge sharing. This is due to the recognition given to knowledge as public incentives and must be made available to every individual of the society. The increased rapidity and higher capacities of data processing, improved means of communication, the emerg ...
... is that knowledge societies must foster knowledge sharing. This is due to the recognition given to knowledge as public incentives and must be made available to every individual of the society. The increased rapidity and higher capacities of data processing, improved means of communication, the emerg ...
Principles of Economics, Case/Fair/Oster, 11e
... Collapse occurs because of nonrenewable resource depletion. The industrial capital stock grows to a level that requires an enormous input of resources. In the very process of that growth, it depletes a large fraction of the resource reserves available. As resource prices rise and mines are depleted, ...
... Collapse occurs because of nonrenewable resource depletion. The industrial capital stock grows to a level that requires an enormous input of resources. In the very process of that growth, it depletes a large fraction of the resource reserves available. As resource prices rise and mines are depleted, ...
Microsoft Word - UWE Research Repository
... However, most analyses of the dynamics of distributions of economic variables do not find that cross-sectional distributions collapse through time even though growth miracles do exist. Some of the empirical literature, such as Quah (1997), identify that convergence is not necessarily the dominant f ...
... However, most analyses of the dynamics of distributions of economic variables do not find that cross-sectional distributions collapse through time even though growth miracles do exist. Some of the empirical literature, such as Quah (1997), identify that convergence is not necessarily the dominant f ...
Foreign direct investment, economic freedom and growth: new
... the absence (or not) of regulations in markets affect FDI. In the particular case of Latin America, debt overhang conditions in the host country also matter. The capital stock in the host country is another issue confronting investors. Human capital will determine productivity of the labor force and ...
... the absence (or not) of regulations in markets affect FDI. In the particular case of Latin America, debt overhang conditions in the host country also matter. The capital stock in the host country is another issue confronting investors. Human capital will determine productivity of the labor force and ...
growth rate - Karlstads universitet
... APPLYING THE CONCEPTS #3: How can we use economic analysis to understand the sources of growth in different countries? ...
... APPLYING THE CONCEPTS #3: How can we use economic analysis to understand the sources of growth in different countries? ...
International Business Chapter 4 The Economic Environments
... 3) Kyle, an international manager for Apex Industries, has been given the task of analyzing the economies of three different emerging countries for the firm's potential expansion. Which of the following questions is LEAST relevant to Kyle's assignment? A) How much freedom will Apex have to run its f ...
... 3) Kyle, an international manager for Apex Industries, has been given the task of analyzing the economies of three different emerging countries for the firm's potential expansion. Which of the following questions is LEAST relevant to Kyle's assignment? A) How much freedom will Apex have to run its f ...
Mankiw 5/e Chapter 8: Economic Growth II
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
Mankiw 5/e Chapter 8: Economic Growth II
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
... steady state growth rate of income per person depends solely on the exogenous rate of tech progress the U.S. has much less capital than the Golden Rule steady state 2. Ways to increase the saving rate increase public saving (reduce budget deficit) tax incentives for private saving CHAPTER 8 ...
X Globalization and economic growth in Sub Sahara
... cycle (Friedman, 1997; Bhagwati, 2004). Similarly, trade allows local opportunity costs of resources to be reflected more accurately and decontrolling interest rates also raises rates and thereby encourages savings and the adoption of appropriate technology (Mengisteab, 2010). The capitalist economi ...
... cycle (Friedman, 1997; Bhagwati, 2004). Similarly, trade allows local opportunity costs of resources to be reflected more accurately and decontrolling interest rates also raises rates and thereby encourages savings and the adoption of appropriate technology (Mengisteab, 2010). The capitalist economi ...
S17-kutluturk JULY 2014.qxd
... advancement and decline of Fordism, capitalism has made slow growth rates after the 1970s. Meanwhile the processes of Western countries' industrialization, first billionaires in the history have been generated regardless economic and democratic credentials of the countries. These credentials include ...
... advancement and decline of Fordism, capitalism has made slow growth rates after the 1970s. Meanwhile the processes of Western countries' industrialization, first billionaires in the history have been generated regardless economic and democratic credentials of the countries. These credentials include ...
between countries
... • Depends on A = initial technology but also resource endowment, climate, institutions etc, g = rate of technological progress, s = savings (investment) rate, n = population or labor growth rate, δ = depreciation, α = share of capital in total output. y* = income per effective unit of labor. • In un ...
... • Depends on A = initial technology but also resource endowment, climate, institutions etc, g = rate of technological progress, s = savings (investment) rate, n = population or labor growth rate, δ = depreciation, α = share of capital in total output. y* = income per effective unit of labor. • In un ...
NBER WORKING PAPER SERIES SINGLE PEAKED VS. DIVERSIFIED CAPITALISM:
... Movements from the base of the mountain toward N* should raise well-being reasonably smoothly. This criterion will be important in assessing the candidacy of the US for peak since it requires that the US’s closest neighbor in terms of economic institutions, Canada, perform about as well as the US. T ...
... Movements from the base of the mountain toward N* should raise well-being reasonably smoothly. This criterion will be important in assessing the candidacy of the US for peak since it requires that the US’s closest neighbor in terms of economic institutions, Canada, perform about as well as the US. T ...
Uneven and combined development
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.