The Stages of Economic Growth Revisited
... Why the Industrial Revolution occurred first in the United Kingdom in the 19th century and not in China in the 14th century is an intriguing question addressed by economic historians like Elvin (1973) and Landes (2006). In terms of our theory, what is important is how quickly the Industrial Revoluti ...
... Why the Industrial Revolution occurred first in the United Kingdom in the 19th century and not in China in the 14th century is an intriguing question addressed by economic historians like Elvin (1973) and Landes (2006). In terms of our theory, what is important is how quickly the Industrial Revoluti ...
The Impact of Capital Formation on the Growth of Nigerian Economy
... invested. Recent literature has confused investment with capital formation. Investment can be in financial assets, human (capital) development, real assets that can be productive or unproductive. The increase in investment through non-financial assets has been held to increase value to the economy a ...
... invested. Recent literature has confused investment with capital formation. Investment can be in financial assets, human (capital) development, real assets that can be productive or unproductive. The increase in investment through non-financial assets has been held to increase value to the economy a ...
Advanced Capitalism and Backward Socialism
... study of Glyn and Sutcliffe, that the share of profit in the national income has declined steadily over the post-war period as has the actual rate of profit on invested capital.2 The situation has been more complex than a simple shift of resources from the share of profits to the working class; by a ...
... study of Glyn and Sutcliffe, that the share of profit in the national income has declined steadily over the post-war period as has the actual rate of profit on invested capital.2 The situation has been more complex than a simple shift of resources from the share of profits to the working class; by a ...
Chapter 3 - Amazon Web Services
... [Harvard University Professor of Economics Robert J. Barro found a surprisingly weak link between democracy and the promotion of development in “Rule of Law, Democracy, and Economic Performance.”] The problem in having the United States recommend democracy to a country such as Zaire (now the Democra ...
... [Harvard University Professor of Economics Robert J. Barro found a surprisingly weak link between democracy and the promotion of development in “Rule of Law, Democracy, and Economic Performance.”] The problem in having the United States recommend democracy to a country such as Zaire (now the Democra ...
Mining Enclave to Economic Catalyst
... quota-breaking and unforeseen shifts in demand.5 Third, mineral projects dwarf and strongly influence the adjacent local economy because of the size of the investments they make: a typical ore mine invests hundreds of millions of dollars, and hydrocarbon extraction invests billions. If local governm ...
... quota-breaking and unforeseen shifts in demand.5 Third, mineral projects dwarf and strongly influence the adjacent local economy because of the size of the investments they make: a typical ore mine invests hundreds of millions of dollars, and hydrocarbon extraction invests billions. If local governm ...
Exam 3 Key
... because if you have a way to produce things that you’re satisfied with you can simply replicate the process. ii) It makes sense that a country’s production function will exhibit decreasing returns to labor because additional workers share the existing capital…capital per worker decreases as more wor ...
... because if you have a way to produce things that you’re satisfied with you can simply replicate the process. ii) It makes sense that a country’s production function will exhibit decreasing returns to labor because additional workers share the existing capital…capital per worker decreases as more wor ...
Russia and East-Central Europe in the Modern World
... included the Russo-Japanese War, World War I, the Russian Revolution and Civil War, collectivization, and World War II. Growth was then much faster and more consistent in the three decades from 1950-1980, after which is slowed to a trickle in the 1980s. The 1990s were marked by the savage dislocatio ...
... included the Russo-Japanese War, World War I, the Russian Revolution and Civil War, collectivization, and World War II. Growth was then much faster and more consistent in the three decades from 1950-1980, after which is slowed to a trickle in the 1980s. The 1990s were marked by the savage dislocatio ...
The Index of Economic Well
... GDP rigorously standardized across countries (SNA) – the clear point of comparison ...
... GDP rigorously standardized across countries (SNA) – the clear point of comparison ...
Global economic conditions survey report: Q3, 2010 AccountAnts for business
... improvement in revenues, profits and margins. This was mainly due to an increase in volumes. Also measures that were taken last year and earlier this year seem to be paying off and enhancing our margins. We are still hopeful that during 2011 we can see a full recovery as a company. However if we com ...
... improvement in revenues, profits and margins. This was mainly due to an increase in volumes. Also measures that were taken last year and earlier this year seem to be paying off and enhancing our margins. We are still hopeful that during 2011 we can see a full recovery as a company. However if we com ...
The Paradox of Capital - Eswar Prasad
... capital—and hence greater unexploited investment opportuniform of accumulated international reserves. These flows may ties. In principle, this movement of capital should make poorer be driven by factors other than the basic rate-of-return concountries better off by giving them access to more financ ...
... capital—and hence greater unexploited investment opportuniform of accumulated international reserves. These flows may ties. In principle, this movement of capital should make poorer be driven by factors other than the basic rate-of-return concountries better off by giving them access to more financ ...
CAPITALISM, GROWTH AND EMPLOYMENT
... The temperate regions of white settlement played, as already mentioned, a dual role. They absorbed surplus labour from the old metropolis, with about 50 million people migrating from Europe to these regions during the nineteenth century. In addition, these migrants who acquired land by driving off t ...
... The temperate regions of white settlement played, as already mentioned, a dual role. They absorbed surplus labour from the old metropolis, with about 50 million people migrating from Europe to these regions during the nineteenth century. In addition, these migrants who acquired land by driving off t ...
In this structure basic, the model depicts a closed economy with
... of individual behaviours and on life cycle theory, always assuming a perfect foresight environment. The dynamic hypotheses generate a simulation model, which can be put on a computer and it starts to run. The results of simulations permit to evaluate the impact of different policies in the economy. ...
... of individual behaviours and on life cycle theory, always assuming a perfect foresight environment. The dynamic hypotheses generate a simulation model, which can be put on a computer and it starts to run. The results of simulations permit to evaluate the impact of different policies in the economy. ...
New Growth Models: Challenges and steps to achieving patterns of
... would be easy to become paralysed and proceed with the old measurement systems and growth models. Fortunately, that is not what is happening. Instead among citizens, corporations, governments and policies, educational institutions, civil society organizations and international institutions, there is ...
... would be easy to become paralysed and proceed with the old measurement systems and growth models. Fortunately, that is not what is happening. Instead among citizens, corporations, governments and policies, educational institutions, civil society organizations and international institutions, there is ...
Keynes and Polanyi: the 1920s and the 1990s - IEIM-UQAM
... states of Central and Eastern Europe, as countries attempted to defend the value of their currencies by sacrificing democracy to ‘sound finance’ and linked this to the rise of fascism. The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘gold ...
... states of Central and Eastern Europe, as countries attempted to defend the value of their currencies by sacrificing democracy to ‘sound finance’ and linked this to the rise of fascism. The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘gold ...
economic dualism
... that yield the highest payoffs in an economy are those made in machinery and factories. • Investments in human capital—in the form of education and health care—rank among the most important of the capital goods contributing to national economic ...
... that yield the highest payoffs in an economy are those made in machinery and factories. • Investments in human capital—in the form of education and health care—rank among the most important of the capital goods contributing to national economic ...
THE FREE ECONOMY AND THE STRONG STATE
... opposition—the interests of the working class. Taking the national economy as the starting point for the development of a political economy, a set of principles for guiding economic policy, means adopting the standpoint of the nation-state and its agencies. This does not preclude reliance on free ma ...
... opposition—the interests of the working class. Taking the national economy as the starting point for the development of a political economy, a set of principles for guiding economic policy, means adopting the standpoint of the nation-state and its agencies. This does not preclude reliance on free ma ...
razvoj i primena inovacija u proizvodnim
... needs. The transitional economies, as it turned out, are especially "sensitive and vulnerable" to requests that come from the market in terms of competitiveness of products and services, keeping in mind the results of the transition process and to a large extent, default structural reform of the eco ...
... needs. The transitional economies, as it turned out, are especially "sensitive and vulnerable" to requests that come from the market in terms of competitiveness of products and services, keeping in mind the results of the transition process and to a large extent, default structural reform of the eco ...
Slides
... since 1972 assisted industrialization to stimulate structural change in Malaysia with manufacturing overtaking agriculture in terms of sectoral contribution to become Malaysia’s leading sectoral contributor to GDP since 1984 and since 1988 (Malaysia, 2000) • Foreign direct investment (FDI) helped ma ...
... since 1972 assisted industrialization to stimulate structural change in Malaysia with manufacturing overtaking agriculture in terms of sectoral contribution to become Malaysia’s leading sectoral contributor to GDP since 1984 and since 1988 (Malaysia, 2000) • Foreign direct investment (FDI) helped ma ...
Monthly Review | Stagnation and Financialization: The Nature of the
... their standpoint. What is needed is increased spending of all kinds to get the economy moving again, initially through expanded government expenditure, but with the object of jump-starting private investment spending. In these terms not only is government deficit spending good, but so in a way is “w ...
... their standpoint. What is needed is increased spending of all kinds to get the economy moving again, initially through expanded government expenditure, but with the object of jump-starting private investment spending. In these terms not only is government deficit spending good, but so in a way is “w ...
Unit-II Economies accross the globe-Students` Manual - CBSE
... Brazil, etc., have considerable degree of income inequality while developed ...
... Brazil, etc., have considerable degree of income inequality while developed ...
are the pockets of opportunity Where ?
... are small, relatively open and heavily dependent on exports for growth, notably to other EU countries. This makes them highly sensitive to developments in advanced economies. The CEE economies can be grouped into three camps. The smaller economies of the Baltic States were most severely affected by ...
... are small, relatively open and heavily dependent on exports for growth, notably to other EU countries. This makes them highly sensitive to developments in advanced economies. The CEE economies can be grouped into three camps. The smaller economies of the Baltic States were most severely affected by ...
To "Journal of Policy Modeling" Subject: Response to Editorial
... estimate a Solow growth model where the TFP depends on the structure of the “stock of knowledge”. The literature that focuses on factors explaining the evolution of technology across countries is relatively large. Alternative structures embody variables associated to research activity, productivity ...
... estimate a Solow growth model where the TFP depends on the structure of the “stock of knowledge”. The literature that focuses on factors explaining the evolution of technology across countries is relatively large. Alternative structures embody variables associated to research activity, productivity ...
shifts in global economics 2012
... As the second decade of the 21st century unfolds and the world exits from the 2008–09 financial crisis, the growing clout of emerging markets is paving the way for a world economy with an increasingly multi-polar character. The distribution of global growth will become more diff use, with no single ...
... As the second decade of the 21st century unfolds and the world exits from the 2008–09 financial crisis, the growing clout of emerging markets is paving the way for a world economy with an increasingly multi-polar character. The distribution of global growth will become more diff use, with no single ...
Overproduction not Financial Collapse is the Heart of
... though there is no way of really knowing. Economic forecasters have underestimated how bad it is because they have over-estimated the strength of the real economy and failed to take into account the extent of its dependence upon a buildup of debt that relied on asset price bubbles. In the U.S., duri ...
... though there is no way of really knowing. Economic forecasters have underestimated how bad it is because they have over-estimated the strength of the real economy and failed to take into account the extent of its dependence upon a buildup of debt that relied on asset price bubbles. In the U.S., duri ...
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.