The profit investment nexus Michael Roberts
... investment is dependent on “the subjective nature of expectations about the future course of investment, as well as the subjective determination of bankers and their business clients of the appropriate liability structure for the financing of positions in different types of capital assets”.9 Tapia s ...
... investment is dependent on “the subjective nature of expectations about the future course of investment, as well as the subjective determination of bankers and their business clients of the appropriate liability structure for the financing of positions in different types of capital assets”.9 Tapia s ...
WIDER Annual Lecture 9
... contrast to outcomes or income per se. A society with relatively high income inequality might be an equitable society if the observed inequality were the outcome of an entirely fair process—in which some worked harder or took more economic risks with resultant greater economic gains than others. Equ ...
... contrast to outcomes or income per se. A society with relatively high income inequality might be an equitable society if the observed inequality were the outcome of an entirely fair process—in which some worked harder or took more economic risks with resultant greater economic gains than others. Equ ...
Inequality and Injustice in our Global Economy
... contrast to outcomes or income per se. A society with relatively high income inequality might be an equitable society if the observed inequality were the outcome of an entirely fair process—in which some worked harder or took more economic risks with resultant greater economic gains than others. Equ ...
... contrast to outcomes or income per se. A society with relatively high income inequality might be an equitable society if the observed inequality were the outcome of an entirely fair process—in which some worked harder or took more economic risks with resultant greater economic gains than others. Equ ...
FREE Sample Here
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
"Business Cycle Fluctuations and the Life Cycle: How Important is On-the-Job Skill Accumulation? with Selahattin Imrohoroglu
... Inspired by the research agenda proposed by Lucas (1980), the equilibrium business cycle literature demonstrates that surprisingly simple model economies display ‡uctuations with quantitative properties like those of business cycles experienced by actual economies. Most of this literature, beginning ...
... Inspired by the research agenda proposed by Lucas (1980), the equilibrium business cycle literature demonstrates that surprisingly simple model economies display ‡uctuations with quantitative properties like those of business cycles experienced by actual economies. Most of this literature, beginning ...
the growth effects of eu cohesion policy: a meta-analysis
... 1988 shortly after the enlargement of the EC to Spain, Portugal and Greece. It was meant to complement the project for the completion of the Single European Market (1987-92). At the time it was in fact believed that market integration increases regional disparities, as mobile factors of production m ...
... 1988 shortly after the enlargement of the EC to Spain, Portugal and Greece. It was meant to complement the project for the completion of the Single European Market (1987-92). At the time it was in fact believed that market integration increases regional disparities, as mobile factors of production m ...
Preview Sample 1
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
... Course LO: Compare and contrast different economic systems Classification: Concept 27) Microeconomics is the study of ________. A) the costs of production as a means of stimulating the economy and policies that raise capital and labour output by increasing the incentive to produce B) economic and fi ...
Towards Wealth Accounting - Natural Capital within Comprehensive
... SNA was introduced, there was no need for better treatment of natural resources and the environment, as resources were considered abundant and the environment an inexhaustible sink. Since then, however, the world population and the world economy have grown significantly, which has put a stress on th ...
... SNA was introduced, there was no need for better treatment of natural resources and the environment, as resources were considered abundant and the environment an inexhaustible sink. Since then, however, the world population and the world economy have grown significantly, which has put a stress on th ...
Block I - Bhoj University
... particular state, the acquisition of colonies to supply cheaper raw materials which could then be manufactured and sold. Later, such trade policies were justified instead simply in terms of promoting domestic trade and industry. The post-Bullionist insight that it was the increasing capability of ma ...
... particular state, the acquisition of colonies to supply cheaper raw materials which could then be manufactured and sold. Later, such trade policies were justified instead simply in terms of promoting domestic trade and industry. The post-Bullionist insight that it was the increasing capability of ma ...
From quantity to sustainable quality Increasing intellectual capital
... wage remains stable, despite significant increase in productivity. The same trend has been observed in Canada4. When only the very richest experience the rising share of total wage bill, at the expense of others, it may lead to significant discrepancy between economic situation as measured by GDP, a ...
... wage remains stable, despite significant increase in productivity. The same trend has been observed in Canada4. When only the very richest experience the rising share of total wage bill, at the expense of others, it may lead to significant discrepancy between economic situation as measured by GDP, a ...
Economic Freedom and the Environment for Economic Growth
... stressed the importance of gains from trade, economies of scale, and economic policy, modern growth theory is based on the work of Solow (1956). In the Solow model, the inputs of capital, labor, and technology provide the source of growth. More recent advances in growth theory (Lucas 1988; Romer 199 ...
... stressed the importance of gains from trade, economies of scale, and economic policy, modern growth theory is based on the work of Solow (1956). In the Solow model, the inputs of capital, labor, and technology provide the source of growth. More recent advances in growth theory (Lucas 1988; Romer 199 ...
the returns to education: macroeconomics
... the level of human capital (e.g. through higher schooling subsidies) has a much larger effect on economic welfare than it would do in the neo-classical model. 6. to discuss methodological issues Section 3 offers a non-technical critique of these methodologies, including data problems and econometric ...
... the level of human capital (e.g. through higher schooling subsidies) has a much larger effect on economic welfare than it would do in the neo-classical model. 6. to discuss methodological issues Section 3 offers a non-technical critique of these methodologies, including data problems and econometric ...
The Relative Richness of the Poor? Natural Resources, Human
... Nevertheless, what has not been widely recognized in the literature is that the Scandinavian countries were not the only resource-rich countries to experience high rates of economic growth during the late nineteenth century—the so-called Scandinavian catch-up. Some Latin American countries did so as ...
... Nevertheless, what has not been widely recognized in the literature is that the Scandinavian countries were not the only resource-rich countries to experience high rates of economic growth during the late nineteenth century—the so-called Scandinavian catch-up. Some Latin American countries did so as ...
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... situation and economic expectations for the next six months. The correlation of the two cli100.3 towards its long-term avemate components can be illustrated in a four-quadrant diagram (“Ifo Business Cycle Clock”). rage of 109.0 (1996-2011), due to The assessments on the present economic situation ar ...
... situation and economic expectations for the next six months. The correlation of the two cli100.3 towards its long-term avemate components can be illustrated in a four-quadrant diagram (“Ifo Business Cycle Clock”). rage of 109.0 (1996-2011), due to The assessments on the present economic situation ar ...
Shared prosperity in emerging economies - Friedrich-Ebert
... 2.1 Inequality and Growth The relationship between growth and inequality is a highly controversial issue of economic theory and has generated a huge body of studies (for an overview, see Benabou 1996). Traditionally, economists on the »left,« such as Karl Marx and John Maynard Keynes, have focused o ...
... 2.1 Inequality and Growth The relationship between growth and inequality is a highly controversial issue of economic theory and has generated a huge body of studies (for an overview, see Benabou 1996). Traditionally, economists on the »left,« such as Karl Marx and John Maynard Keynes, have focused o ...
Beyond capital fundamentalism
... (1954, pp. 139-40), for instance, criticized the Keynesian (multiplier) view that capital supply does not pose a restriction to economic expansion, and argued for a “classical” (Ricardian) approach instead. Development planners – especially after Hans Singer’s ([1952] 1958) path-breaking article on ...
... (1954, pp. 139-40), for instance, criticized the Keynesian (multiplier) view that capital supply does not pose a restriction to economic expansion, and argued for a “classical” (Ricardian) approach instead. Development planners – especially after Hans Singer’s ([1952] 1958) path-breaking article on ...
IOSR Journal of Business and Management (IOSR-JBM)
... The reasons behind credit crunch are numerous but it is obvious that credit crunch bring the recession. The financial crisis changes the previous scenario and relations of interest rate and the credit. Basically lenders and investors always are looking for the least risk of their money which comprom ...
... The reasons behind credit crunch are numerous but it is obvious that credit crunch bring the recession. The financial crisis changes the previous scenario and relations of interest rate and the credit. Basically lenders and investors always are looking for the least risk of their money which comprom ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: National Saving and Economic Performance
... be desirable even for public officials that have little concern for their constituents.) In considering long-term behavior across countries, observed differences in spending ratios, gly, would correspond in an optimizing framework to variations in a.That is, the sizes of governments would differ onl ...
... be desirable even for public officials that have little concern for their constituents.) In considering long-term behavior across countries, observed differences in spending ratios, gly, would correspond in an optimizing framework to variations in a.That is, the sizes of governments would differ onl ...
The Impacts of Vertical and Horizontal Export Diversification on Growth
... demand. This drastic decrease of the SSA presence in world trade was not only the result of the deterioration of the terms of trades (due to low income elasticity of demand) in primary commodities, but also of the loss of competitiveness in manufactures. Ironically, SSA’s manufacturing sector grew s ...
... demand. This drastic decrease of the SSA presence in world trade was not only the result of the deterioration of the terms of trades (due to low income elasticity of demand) in primary commodities, but also of the loss of competitiveness in manufactures. Ironically, SSA’s manufacturing sector grew s ...
The impact of international capital flows on the South Africa... since the end of apartheid Seeraj Mohamed
... improved access to credit for productive investment and employment creation. Instead, easier access to credit has supported existing negative trends in the economy. For example, the exuberance in the stock market experienced from the early-1990s that led to higher share prices seems to have continu ...
... improved access to credit for productive investment and employment creation. Instead, easier access to credit has supported existing negative trends in the economy. For example, the exuberance in the stock market experienced from the early-1990s that led to higher share prices seems to have continu ...
HUMAN CAPITAL, BASIC RESEARCH, AND APPLIED RESEARCH
... 1991; Aghion and Howitt, 1992) managed to endogenously explain the hitherto unexplained evolution of technology over time. In so doing these papers provided new fundamentals for growth theory, which by then already acknowledged the central role that technology played in the development process (Solo ...
... 1991; Aghion and Howitt, 1992) managed to endogenously explain the hitherto unexplained evolution of technology over time. In so doing these papers provided new fundamentals for growth theory, which by then already acknowledged the central role that technology played in the development process (Solo ...
Social Capital, Investment and Economic Growth: Evidence for Spanish Provinces Jesús Peiró-Palomino
... capital are relatively scarce, and that the data provided by different institutions usually carry different meanings—and, therefore, the implications for growth and convergence may also vary from one measure to the other. As we will see throughout the study, this is ultimately the main reason for co ...
... capital are relatively scarce, and that the data provided by different institutions usually carry different meanings—and, therefore, the implications for growth and convergence may also vary from one measure to the other. As we will see throughout the study, this is ultimately the main reason for co ...
DOC - AgEcon Search
... medical care can promote human capital but not financial or physical capital. This is because we can’t disconnect a human being from his or her health and/or values, skills and knowledge but it can be the possible way to move the physical and financial capital at the same time according to the desir ...
... medical care can promote human capital but not financial or physical capital. This is because we can’t disconnect a human being from his or her health and/or values, skills and knowledge but it can be the possible way to move the physical and financial capital at the same time according to the desir ...
Final Remarks
... precise terms than in the case of other founding fathers of development economics, such as e.g. Rosenstein-Rodan (1943) and Nurkse (1943). Kalecki also notes that “Investment may be limited…by the unwillingness of entrepreneurs to expand their capital expenditures. In such a situation, public invest ...
... precise terms than in the case of other founding fathers of development economics, such as e.g. Rosenstein-Rodan (1943) and Nurkse (1943). Kalecki also notes that “Investment may be limited…by the unwillingness of entrepreneurs to expand their capital expenditures. In such a situation, public invest ...
Occ asiOnal PaPer series
... progress in economic transition and integration into the world economy. Given closer economic integration through trade and financial flows, particularly with the EU, and the prospects for EU membership, this paper focuses on real convergence – defined as the convergence of per capita income levels ...
... progress in economic transition and integration into the world economy. Given closer economic integration through trade and financial flows, particularly with the EU, and the prospects for EU membership, this paper focuses on real convergence – defined as the convergence of per capita income levels ...
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.