Inequality and Growth
... higher levels reduce investment.. • Optimal democracy index is about .5– about Mexico/Malaysia’s level implies that Chile, South Korea and Taiwan who went from .2 to .3 in the 1970s to to .7-.8 in the early 1980s are into negative territory… ...
... higher levels reduce investment.. • Optimal democracy index is about .5– about Mexico/Malaysia’s level implies that Chile, South Korea and Taiwan who went from .2 to .3 in the 1970s to to .7-.8 in the early 1980s are into negative territory… ...
Due Date: Thursday, September 8th (at the beginning of class)
... has been a general tendency toward convergence of national incomes. The economist Lant Pritchett, on the other hand, argued the opposite – that the gap between rich and poor countries has only grown over the past century. a. In a sense they are both correct. In two or three sentences, explain how. S ...
... has been a general tendency toward convergence of national incomes. The economist Lant Pritchett, on the other hand, argued the opposite – that the gap between rich and poor countries has only grown over the past century. a. In a sense they are both correct. In two or three sentences, explain how. S ...
Circular flow
... course, but it involves at the same time a considerable loss of information, since we are now no longer told anything about the value of net investments, which is relevant in the long term. In practical applications of circular-flow analysis it is therefore generally very important to maintain a pro ...
... course, but it involves at the same time a considerable loss of information, since we are now no longer told anything about the value of net investments, which is relevant in the long term. In practical applications of circular-flow analysis it is therefore generally very important to maintain a pro ...
High-tech venture capital in the Baltics
... Strong business plan, strong growth opportunities Good risk/reward ratio ...
... Strong business plan, strong growth opportunities Good risk/reward ratio ...
High-tech venture capital in the Baltics
... Strong business plan, strong growth opportunities Good risk/reward ratio ...
... Strong business plan, strong growth opportunities Good risk/reward ratio ...
Monopoly Capitalist Revisited
... However, even if we are able to establish that collusion is not the fragile thing that many have assumed it to be, there remains the question of potential entry. Monopoly Capitalism relied, to some extent, on the Spence (1977) result that excess capacity would form a credible deterrent to entry, but ...
... However, even if we are able to establish that collusion is not the fragile thing that many have assumed it to be, there remains the question of potential entry. Monopoly Capitalism relied, to some extent, on the Spence (1977) result that excess capacity would form a credible deterrent to entry, but ...
International Conference on Economic and Social Studies, 10
... social life and society in the political sphere are directed to one side the dominant culture of the foreign products. This inadequate situation cannot be obtained social capital, socio-cultural elements of primitive-based development. Since there is no opportunity for the knowledge society to reali ...
... social life and society in the political sphere are directed to one side the dominant culture of the foreign products. This inadequate situation cannot be obtained social capital, socio-cultural elements of primitive-based development. Since there is no opportunity for the knowledge society to reali ...
Development economics: from classical to critical
... development economists: the impact of positive externalities from technology, savings and investment on development; and the nature of relationship between positive wages and unemployment in developing countries (Bardhan 1993). On this latter topic, Arthur Lewis was one of the best know scholars and ...
... development economists: the impact of positive externalities from technology, savings and investment on development; and the nature of relationship between positive wages and unemployment in developing countries (Bardhan 1993). On this latter topic, Arthur Lewis was one of the best know scholars and ...
Unit 7 PPT
... U.S. worker today produces far more than his or her counterpart a century ago: 1. The modern worker has far more physical capital, such as tools and office space, to work with. 2. The modern worker is much better educated and so possesses much more human capital. 3. Modern firms have the advantage o ...
... U.S. worker today produces far more than his or her counterpart a century ago: 1. The modern worker has far more physical capital, such as tools and office space, to work with. 2. The modern worker is much better educated and so possesses much more human capital. 3. Modern firms have the advantage o ...
Finance, Stagnation and Poverty in the World Economy
... because its currency is considered “as good as gold”, is likely to be free of the prospects of such potentially debilitating capital flights. But here another important factor intervenes which also keeps its fiscal deficit (and its government expenditure) in check. The hegemony of international fina ...
... because its currency is considered “as good as gold”, is likely to be free of the prospects of such potentially debilitating capital flights. But here another important factor intervenes which also keeps its fiscal deficit (and its government expenditure) in check. The hegemony of international fina ...
THE EFFECT OF GOVERNMENT SIZE ON ECONOMIC GROWTH
... costs. In addition to the waste inherent in rent-seeking activities, Grossman (1988) argues that the excess burden of taxation may increase more than proportionately as the rate increases. ...
... costs. In addition to the waste inherent in rent-seeking activities, Grossman (1988) argues that the excess burden of taxation may increase more than proportionately as the rate increases. ...
Production and Growth - Emporia State University
... • Foreign Portfolio Investment • Investments financed with foreign money but operated by domestic residents. • Especially beneficial in poor countries that cannot generate enough saving to fund investment projects themselves. • Also helps poor countries learn state-of-the-art technologies developed ...
... • Foreign Portfolio Investment • Investments financed with foreign money but operated by domestic residents. • Especially beneficial in poor countries that cannot generate enough saving to fund investment projects themselves. • Also helps poor countries learn state-of-the-art technologies developed ...
Classical Long
... methods of production through experience Learning by doing overcomes the law of diminishing marginal productivity because it increases the productivity of workers Learning by doing leads to unlimited growth potential that can accelerate over time ...
... methods of production through experience Learning by doing overcomes the law of diminishing marginal productivity because it increases the productivity of workers Learning by doing leads to unlimited growth potential that can accelerate over time ...
155291_155291 - espace@Curtin
... question is raised in this paper as to what the record of socioeconomic performance has been under neoliberal governance and whether there is in motion a movement towards a post-neoliberal social structure of accumulation (SSA) or mode of regulation (MOR). The question of a new and effective SSA or ...
... question is raised in this paper as to what the record of socioeconomic performance has been under neoliberal governance and whether there is in motion a movement towards a post-neoliberal social structure of accumulation (SSA) or mode of regulation (MOR). The question of a new and effective SSA or ...
Principles of Economic Growth - United Nations Industrial
... wealth, emphasizing human capital and, increasingly, social capital Social capital refers, among other things, to governance and institutions ...
... wealth, emphasizing human capital and, increasingly, social capital Social capital refers, among other things, to governance and institutions ...
Is inequality good for growth?
... Take a standard capital accumulation model with depreciation of capital Growth is a function of growth in the stock of capital, ala Cobb Douglas Now take only human capital The stock of human capital is a function of schooling years plus years of work experience less depreciation at a fixed rate • I ...
... Take a standard capital accumulation model with depreciation of capital Growth is a function of growth in the stock of capital, ala Cobb Douglas Now take only human capital The stock of human capital is a function of schooling years plus years of work experience less depreciation at a fixed rate • I ...
Neo-Liberal Dynamics: A New Phase?
... that what is at issue, are not markets and states per se, but the stricter subjection of these institutions to capital. On the one hand, the freedom of capital to act in line with its own interests, and with little consideration for salaried workers and the large masses of the world population; on t ...
... that what is at issue, are not markets and states per se, but the stricter subjection of these institutions to capital. On the one hand, the freedom of capital to act in line with its own interests, and with little consideration for salaried workers and the large masses of the world population; on t ...
On emerging markets decoupling and growth convergence
... amplitude, as the correlation between EM and the world (say, G7) can increase with EM sensitivity to global growth as well as the ratio of output volatilities. Thus, the Great Moderation of the pre-crisis period (to the extent that it reduced volatility in the G7) and a home-grown EM crisis (to the ...
... amplitude, as the correlation between EM and the world (say, G7) can increase with EM sensitivity to global growth as well as the ratio of output volatilities. Thus, the Great Moderation of the pre-crisis period (to the extent that it reduced volatility in the G7) and a home-grown EM crisis (to the ...
benefits to current eu15 member countries
... Net annual capital flows into the ten CEECs fluctuated during the past ten years between $ –3bn and 28bn. On a cumulative basis they amounted to $150bn in the period 1991-2001. More than half of these amounts originated from the EU. Stocks of FDI in the ...
... Net annual capital flows into the ten CEECs fluctuated during the past ten years between $ –3bn and 28bn. On a cumulative basis they amounted to $150bn in the period 1991-2001. More than half of these amounts originated from the EU. Stocks of FDI in the ...
Solow - University of Miskolc
... • The steady-state value of k that maximizes consumption is called the Golden Rule Level of Capital. ( k*gold) • national income accounts identity: y = c+i c = y-i • Substitute steady-state values: Steady-state output per worker is f (k*); capital stock is not changing in the steady state, investm ...
... • The steady-state value of k that maximizes consumption is called the Golden Rule Level of Capital. ( k*gold) • national income accounts identity: y = c+i c = y-i • Substitute steady-state values: Steady-state output per worker is f (k*); capital stock is not changing in the steady state, investm ...
Government Expenditure Composition and Growth in Chile
... The world interest rate is set to be 6% annually. The mark-up elasticity for spreads, , is set to 0.04 following the estimates for Latin America in Eichengreen and Mody (1998), where it is found that the logarithm of spreads increases by 1.37 if debt-GNP ratio increases by one percentage point. Gi ...
... The world interest rate is set to be 6% annually. The mark-up elasticity for spreads, , is set to 0.04 following the estimates for Latin America in Eichengreen and Mody (1998), where it is found that the logarithm of spreads increases by 1.37 if debt-GNP ratio increases by one percentage point. Gi ...
LAISSEZ FAIRE, SUSTAINABLE DEVELOMENT AND CRISIS IN
... the revival of the concept of laissez faire conceived long ago by the French Physiocrats and later on corroborated by the neo-classicists. Karl Marx opposed this view and put forward his concept of socialism (as an interim path towards communism) based on a completely state-controlled centralized ec ...
... the revival of the concept of laissez faire conceived long ago by the French Physiocrats and later on corroborated by the neo-classicists. Karl Marx opposed this view and put forward his concept of socialism (as an interim path towards communism) based on a completely state-controlled centralized ec ...
Document
... pursuing growth, innovation, or competitiveness. Instead the problem becomes one of managing its insertion into the global economy in the hope of securing some net benefit from internationalization. Small open economies already faced this problem during the postwar boom, of course; now even the larg ...
... pursuing growth, innovation, or competitiveness. Instead the problem becomes one of managing its insertion into the global economy in the hope of securing some net benefit from internationalization. Small open economies already faced this problem during the postwar boom, of course; now even the larg ...
Economic Globalization and Carbon Emissions. Facts and Myths
... decentralized market transactions and perpetuated by money. ...
... decentralized market transactions and perpetuated by money. ...
Fall 2015 Syllabus - Henry George School of Social Science
... The theoretical and empirical relations between the real wages, the social structure and the degree of unemployment will be compared in classical, neoclassical and Post Keynesian approaches. A similar theoretical and empirical comparison will be undertaken for the relations between money, credit and ...
... The theoretical and empirical relations between the real wages, the social structure and the degree of unemployment will be compared in classical, neoclassical and Post Keynesian approaches. A similar theoretical and empirical comparison will be undertaken for the relations between money, credit and ...
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.