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Freedom, Entitlement, and the Path to
... except for a possible negative effect. These results tend to support earlier findings that, beyond core functions of government responsibility (including the protection of liberty itself), the expansion of the state to provide for various entitlements (including so-called economic, social, and cultu ...
... except for a possible negative effect. These results tend to support earlier findings that, beyond core functions of government responsibility (including the protection of liberty itself), the expansion of the state to provide for various entitlements (including so-called economic, social, and cultu ...
The Impact of Social Factors on Economic Growth
... measured by Human Development Indicator, further on reffered to as “HDI”), taking into consideration the economic benefits which arise from it on a long term. The study of social factors is performed within two stages: at the Romanian level and at the EU level (performing an econometric analysis and ...
... measured by Human Development Indicator, further on reffered to as “HDI”), taking into consideration the economic benefits which arise from it on a long term. The study of social factors is performed within two stages: at the Romanian level and at the EU level (performing an econometric analysis and ...
THE PARADOX OF GDP/GNP
... GDP/GNP: Sins of Omission and Alternatives Since the Great Depression of the 1930’s the economic indicators: Gross Domestic Product (GDP) and Gross National Product (GNP) have established themselves as the standard bearers for neoclassical macroeconomics. The former measures material welfare in term ...
... GDP/GNP: Sins of Omission and Alternatives Since the Great Depression of the 1930’s the economic indicators: Gross Domestic Product (GDP) and Gross National Product (GNP) have established themselves as the standard bearers for neoclassical macroeconomics. The former measures material welfare in term ...
© 2007 Thomson South
... Property Rights and Political Stability • Property rights refer to the ability of people to exercise authority over the resources they own. • An economy-wide respect for property rights is an important prerequisite for the price system to work. • It is necessary for investors to feel that their inv ...
... Property Rights and Political Stability • Property rights refer to the ability of people to exercise authority over the resources they own. • An economy-wide respect for property rights is an important prerequisite for the price system to work. • It is necessary for investors to feel that their inv ...
How Productivity Is Determined
... Property Rights and Political Stability • Property rights refer to the ability of people to exercise authority over the resources they own. • An economy-wide respect for property rights is an important prerequisite for the price system to work. • It is necessary for investors to feel that their inv ...
... Property Rights and Political Stability • Property rights refer to the ability of people to exercise authority over the resources they own. • An economy-wide respect for property rights is an important prerequisite for the price system to work. • It is necessary for investors to feel that their inv ...
Review of - Emiliano Brancaccio
... Petri presents historical evidence to argue that it was precisely these two problems that drove neoclassical theorists to develop an unprecedented remedy based the abandonment of the long-period method. Having recognised that it was impossible to include ‘capital’ expressed in value terms among the ...
... Petri presents historical evidence to argue that it was precisely these two problems that drove neoclassical theorists to develop an unprecedented remedy based the abandonment of the long-period method. Having recognised that it was impossible to include ‘capital’ expressed in value terms among the ...
Module 38: Productivity and Growth
... in the amount of physical capital per worker. Very good basic education has also permitted rapid improvement in human capital. Some believe that East Asian economies experienced such great growth because of their “backwardness” – or, as they could move into the modern world, their ability to benefit ...
... in the amount of physical capital per worker. Very good basic education has also permitted rapid improvement in human capital. Some believe that East Asian economies experienced such great growth because of their “backwardness” – or, as they could move into the modern world, their ability to benefit ...
The Discernment of Heterogeneous Country - unu
... Clearly, at this level our analysis is missing a crucial ingredient: we are not able to pinpoint the possibly different growth potentials among countries. The previous simple exercise was narrating a very simple story in which every country is following the same Growth trajectory: it was poor in equ ...
... Clearly, at this level our analysis is missing a crucial ingredient: we are not able to pinpoint the possibly different growth potentials among countries. The previous simple exercise was narrating a very simple story in which every country is following the same Growth trajectory: it was poor in equ ...
Can Traditional Theories of Structural Change Fit the Data
... set all distortions to zero, and equate human capital levels across sectors. We calibrate the model to minimize the (unweighted) sum of squared errors between the model and the time series data on output, current-price value-added shares, and relative prices for the U.S. from 1870–2000. Figure 1 sho ...
... set all distortions to zero, and equate human capital levels across sectors. We calibrate the model to minimize the (unweighted) sum of squared errors between the model and the time series data on output, current-price value-added shares, and relative prices for the U.S. from 1870–2000. Figure 1 sho ...
the-crisis-and-keynesian-policies
... in an economy. Thus, investment and consumption demand delivers incomes (profits and wages) not vice versa, as Marxist (and classical) economics argues. This brings me to the profit equation developed by Michel Kalecki, a Polish economist and synthesiser of Marx and Keynes. His equation is simply t ...
... in an economy. Thus, investment and consumption demand delivers incomes (profits and wages) not vice versa, as Marxist (and classical) economics argues. This brings me to the profit equation developed by Michel Kalecki, a Polish economist and synthesiser of Marx and Keynes. His equation is simply t ...
Productivity and Growth
... else’s enjoyment of the new technology does not diminish your own enjoyment of the same technology. ...
... else’s enjoyment of the new technology does not diminish your own enjoyment of the same technology. ...
File - AP Human Geography
... survive economically, economists like Rostow looked to how the economically powerful countries had become that way. Rostow's model assumes that all countries follow a similar path to development or modernization, advancing through five stages of development. In the first stage, the society is tradit ...
... survive economically, economists like Rostow looked to how the economically powerful countries had become that way. Rostow's model assumes that all countries follow a similar path to development or modernization, advancing through five stages of development. In the first stage, the society is tradit ...
Word file#3 - Islamic Development Bank
... the secularist perspective of the present-day world emphasizes mainly these. It is felt that well-being could be ensured if certain material goals are realized. These include elimination of poverty, fulfillment of the basic needs of all individuals, full employment, equitable distribution of income ...
... the secularist perspective of the present-day world emphasizes mainly these. It is felt that well-being could be ensured if certain material goals are realized. These include elimination of poverty, fulfillment of the basic needs of all individuals, full employment, equitable distribution of income ...
L6: Macro Context
... Four faces of modern state: The legitimation bases of modern state The sovereign state: To follow Webers' conception, sovereign state refers to the establishment of an effective monopoly of physical force as well as public authority both internally and externally over a definitive territory and ...
... Four faces of modern state: The legitimation bases of modern state The sovereign state: To follow Webers' conception, sovereign state refers to the establishment of an effective monopoly of physical force as well as public authority both internally and externally over a definitive territory and ...
ICT is Closely Related to Economic Growth
... (1) The strengthening of local community networks and an improvement of governance based on the utilization of ICT promote the accumulation of social capital. (2) The enhancement of human and social capital has acted as the main driving force behind economic growth in recent years. ...
... (1) The strengthening of local community networks and an improvement of governance based on the utilization of ICT promote the accumulation of social capital. (2) The enhancement of human and social capital has acted as the main driving force behind economic growth in recent years. ...
SOUTH AFRICA AFTER APARTHEID: PROSPECTS FOR
... country's long-term growth performance is the growth and quality of its educational system (World Bank, 1991, ch 3). This is the most important example of how the apartheid system impeded growth by preventing resources of all kinds from being utilized in their most productive fashion, or from moving ...
... country's long-term growth performance is the growth and quality of its educational system (World Bank, 1991, ch 3). This is the most important example of how the apartheid system impeded growth by preventing resources of all kinds from being utilized in their most productive fashion, or from moving ...
Solow Model of Growth Notes
... What are the main implications of the Solow model? First it says that if two countries have the exact same production capabilities (capital and technology) and the same level of savings, they will reach the same steady state level of growth. Additionally, countries grow quicker when there is less ca ...
... What are the main implications of the Solow model? First it says that if two countries have the exact same production capabilities (capital and technology) and the same level of savings, they will reach the same steady state level of growth. Additionally, countries grow quicker when there is less ca ...
Growth - University of Notre Dame
... Via similar arguments to earlier, there exists a steady state kb∗ at which kbt +1 = kbt . Economy converges to this point from any non-zero initial value of kbt Economy converges to a steady state in which per efficiency unit variables do not grow. What about actual and per capita ...
... Via similar arguments to earlier, there exists a steady state kb∗ at which kbt +1 = kbt . Economy converges to this point from any non-zero initial value of kbt Economy converges to a steady state in which per efficiency unit variables do not grow. What about actual and per capita ...
T7.1 Long Run Economic Growth, Part I
... 4) The coefficient of labor participation is invariant, i.e., that population growth is consistent with the growth rate of labor (labor input). 5) It is a closed economy here. The starting point for determining the determinant tempo (rate) growth (potential) product (retired) as key performance cha ...
... 4) The coefficient of labor participation is invariant, i.e., that population growth is consistent with the growth rate of labor (labor input). 5) It is a closed economy here. The starting point for determining the determinant tempo (rate) growth (potential) product (retired) as key performance cha ...
Flaws in South Africa`s `first` economy
... apartheid repression to a state with a democratic parliament and an extremely democratic constitution (at least on paper) which guarantees basic freedoms. The ANC was elected to govern with a majority of more than 60% in 1994 and has increased its apparent share of the vote at two subsequent electio ...
... apartheid repression to a state with a democratic parliament and an extremely democratic constitution (at least on paper) which guarantees basic freedoms. The ANC was elected to govern with a majority of more than 60% in 1994 and has increased its apparent share of the vote at two subsequent electio ...
19 The Participatory Economy: The Case of Yugoslavia
... is less clear, but it derives from the preferences of planners, politicians, and party members rather than the workers. In the labor-managed firm, the objective is to maximize the income (or perhaps a more abstract notion of well-being) of the workers of the firm. Generally this is taken to be equival ...
... is less clear, but it derives from the preferences of planners, politicians, and party members rather than the workers. In the labor-managed firm, the objective is to maximize the income (or perhaps a more abstract notion of well-being) of the workers of the firm. Generally this is taken to be equival ...
DEVELOPMENT OF MARKET ECONOMY IS AN
... Some relevant conclusions and suggestions for possible policy of institutional transformation will also be outlined. Conceived as the substitution of a centrally planned model of economy by an economic and political framework of efficient market economies, the process of transition was based on opti ...
... Some relevant conclusions and suggestions for possible policy of institutional transformation will also be outlined. Conceived as the substitution of a centrally planned model of economy by an economic and political framework of efficient market economies, the process of transition was based on opti ...
# Model assumes constant saving rate and aims to analyze: SThe
... Notes From ‘Economic Growth: Barro and Sala-i Martin’ ...
... Notes From ‘Economic Growth: Barro and Sala-i Martin’ ...
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... argued that the tendency to consume declined as income rose. Keynes believed that the major cause of unemployment in advanced economies was because people tended to save more as their incomes rose. Keynes said (in his General Theory), “men are disposed to increase their consumption as their income i ...
... argued that the tendency to consume declined as income rose. Keynes believed that the major cause of unemployment in advanced economies was because people tended to save more as their incomes rose. Keynes said (in his General Theory), “men are disposed to increase their consumption as their income i ...
PDF
... resource-based production to the capital-intensive manufacturing in East Asia 5 (Figure 3). As a consequence of the slowdown in industrial transformation, farm production does not tend to fall as much as industrial output in East Asia 5, relative to the baseline. This further limits the scope for in ...
... resource-based production to the capital-intensive manufacturing in East Asia 5 (Figure 3). As a consequence of the slowdown in industrial transformation, farm production does not tend to fall as much as industrial output in East Asia 5, relative to the baseline. This further limits the scope for in ...
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.