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Mankiw 6e PowerPoints
... In this lecture, we will see several common transformations of key macroeconomic variables. ...
... In this lecture, we will see several common transformations of key macroeconomic variables. ...
Capital-Skill Complementarity and Economic Development
... Our work complements earlier quantitative research on the role of capital accumulation for growth. Young (1994, 1995) documents increasing investment rates and the important contribution of factor input accumulation to growth in the Asian ‘growth miracles.’ Hayashi (1986) documents the hump-shaped s ...
... Our work complements earlier quantitative research on the role of capital accumulation for growth. Young (1994, 1995) documents increasing investment rates and the important contribution of factor input accumulation to growth in the Asian ‘growth miracles.’ Hayashi (1986) documents the hump-shaped s ...
DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY GROWTH IN
... Input and output quantities of a group of firms are sets of data used to construct a piece-wise frontier over the data points. Efficiency measures are then calculated relative to this frontier that represents an efficient technology. The best-practice company determines the production frontier, that ...
... Input and output quantities of a group of firms are sets of data used to construct a piece-wise frontier over the data points. Efficiency measures are then calculated relative to this frontier that represents an efficient technology. The best-practice company determines the production frontier, that ...
The Distributional Consequences of Government Spending Santanu
... to paved roads has had limited distributional impact in rural Bangladesh. The diversity of these findings is especially significant, given that most high-growth emerging markets such as China, India, and Eastern Europe have substantially increased public infrastructure spending over the last decade. ...
... to paved roads has had limited distributional impact in rural Bangladesh. The diversity of these findings is especially significant, given that most high-growth emerging markets such as China, India, and Eastern Europe have substantially increased public infrastructure spending over the last decade. ...
Social Capital in the creation of Human Capital and
... Educational achievement is likely to rise significantly, and the quality of day-to-day interaction is likely to be enhanced by a much greater emphasis on the cultivation of extra-curricula activity involving groups and teams. Thus, encouraging the development of associational life can also make a si ...
... Educational achievement is likely to rise significantly, and the quality of day-to-day interaction is likely to be enhanced by a much greater emphasis on the cultivation of extra-curricula activity involving groups and teams. Thus, encouraging the development of associational life can also make a si ...
Social Capital in the creation of Human Capital and
... Educational achievement is likely to rise significantly, and the quality of day-to-day interaction is likely to be enhanced by a much greater emphasis on the cultivation of extra-curricula activity involving groups and teams. Thus, encouraging the development of associational life can also make a si ...
... Educational achievement is likely to rise significantly, and the quality of day-to-day interaction is likely to be enhanced by a much greater emphasis on the cultivation of extra-curricula activity involving groups and teams. Thus, encouraging the development of associational life can also make a si ...
A History of Economic Thought
... ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure ...
... ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure ...
68007034I_en.pdf
... “endogenous growth theories”, in contrast, seek to take this variable into account by relating it with the decisions of the economic agents on investment in technology. By doing this, they arrive at results which, like the earliest ECLAC approach, allow for possible systemic divergences between the ...
... “endogenous growth theories”, in contrast, seek to take this variable into account by relating it with the decisions of the economic agents on investment in technology. By doing this, they arrive at results which, like the earliest ECLAC approach, allow for possible systemic divergences between the ...
Economics of Natural Disasters: A Critical Review
... same position following the disaster as they were before (page 71).” The latter definition is an extension of the former, since the latter includes the possibility that the community can recover and grow beyond its predisaster economic level. As they noted on page 71, “little attention has been give ...
... same position following the disaster as they were before (page 71).” The latter definition is an extension of the former, since the latter includes the possibility that the community can recover and grow beyond its predisaster economic level. As they noted on page 71, “little attention has been give ...
Gagner Casino En Ligne - Better Advances Press
... assistance aimed primarily to support market reforms and private capital flows. Official assistance has been provided by Organization for Economic Cooperation and Development (OECD) in the form of foreign aids, grants, and loans. The private flows including foreign direct investment (FDI) and intern ...
... assistance aimed primarily to support market reforms and private capital flows. Official assistance has been provided by Organization for Economic Cooperation and Development (OECD) in the form of foreign aids, grants, and loans. The private flows including foreign direct investment (FDI) and intern ...
Module 38 Productivity and Growth
... To see why the relationship between physical capital per worker and productivity exhibits diminishing returns, think about how having farm equipment affects the productivity of farm workers. A little bit of equipment makes a big difference: a worker equipped with a tractor can do much more than a wo ...
... To see why the relationship between physical capital per worker and productivity exhibits diminishing returns, think about how having farm equipment affects the productivity of farm workers. A little bit of equipment makes a big difference: a worker equipped with a tractor can do much more than a wo ...
The Politics of Investment Partisanship and the Sectoral Allocation of
... into a sample of OECD countries from roughly 1985 through 2000, disaggregated into seventeen sectors.1 We find a systematic relationship between the incumbent government’s partisanship and the pattern of direct investment performance across countries and over time. We speculate that under the left, ...
... into a sample of OECD countries from roughly 1985 through 2000, disaggregated into seventeen sectors.1 We find a systematic relationship between the incumbent government’s partisanship and the pattern of direct investment performance across countries and over time. We speculate that under the left, ...
CONVERGENCE AND DIVERGENCE AMONG COUNTRIES Nasfi
... common question of economic thinking, this convergence hypothesis is based on the neoclassical growth models. For these models the convergence will occur when a poor country tends to catch up with per capita income of the rich country in the long term. Indeed, it is through the opening that converge ...
... common question of economic thinking, this convergence hypothesis is based on the neoclassical growth models. For these models the convergence will occur when a poor country tends to catch up with per capita income of the rich country in the long term. Indeed, it is through the opening that converge ...
Chapter 5 CONVERGENCE IN THE NEOCLASSICAL MODEL
... The answer is of course ‘no’. The reason is that the hypothesis of absolute convergence applies exclusively to economies with identical structural parameters, which are will display the same level of per capita income in the long run. So, for example, if the population growth rate n is higher in a c ...
... The answer is of course ‘no’. The reason is that the hypothesis of absolute convergence applies exclusively to economies with identical structural parameters, which are will display the same level of per capita income in the long run. So, for example, if the population growth rate n is higher in a c ...
demographic changes and fiscal policy in mena countries
... Middle East and North Africa (MENA) region countries have unique demographic characteristics. Within the MENA region, Arab countries have higher fertility and population growth rates and a significantly younger age structure than other countries and regions. This can be a “demographic gift or a demo ...
... Middle East and North Africa (MENA) region countries have unique demographic characteristics. Within the MENA region, Arab countries have higher fertility and population growth rates and a significantly younger age structure than other countries and regions. This can be a “demographic gift or a demo ...
PDF
... where the shifting direction of growth is determined by the elasticity of substitution in consumption. López et.al. (2007) examine supply-induced structural change in the context of a bang-bang investment model where all assets are produced by the same production function; however, they do not inte ...
... where the shifting direction of growth is determined by the elasticity of substitution in consumption. López et.al. (2007) examine supply-induced structural change in the context of a bang-bang investment model where all assets are produced by the same production function; however, they do not inte ...
Modelling the transition from a socialist to capitalist economic system
... system of social care. One can thus expect a variety of different types of individual and social behaviour. The new specific features and relationships created by the unique process of the socialist/capitalist system transition are a big challenge to economics as a science. One has to describe the o ...
... system of social care. One can thus expect a variety of different types of individual and social behaviour. The new specific features and relationships created by the unique process of the socialist/capitalist system transition are a big challenge to economics as a science. One has to describe the o ...
Inequality and poverty in a developing economy
... and impeded to follow its evolution, as well as a proper assessment of the relationship between these variables and economic development. The unequal distribution of land ownership has been usually considered one of the main causes of the poor performance of Spanish agriculture and the lack of a mor ...
... and impeded to follow its evolution, as well as a proper assessment of the relationship between these variables and economic development. The unequal distribution of land ownership has been usually considered one of the main causes of the poor performance of Spanish agriculture and the lack of a mor ...
Explaining Modern Growth - uc
... efficiency. For where does this efficiency advance come from? Why is it occurring at a faster rate in some periods than others? This argument removes efficiency gains from the economic system altogether. It determines everything, but economists have nothing to say about it. Alternatively some econom ...
... efficiency. For where does this efficiency advance come from? Why is it occurring at a faster rate in some periods than others? This argument removes efficiency gains from the economic system altogether. It determines everything, but economists have nothing to say about it. Alternatively some econom ...
... exports to the developed world are still below the pre-crisis level while intraregional growth led by major economies within Asia and the Pacific is unable to make up the slack. This is in contrast to the past two years, when the region’s emerging powerhouses had been buttressing the Asia-Pacific ec ...
NBER WORKING PAPER SERIES SPECULATIVE GROWTH Ricardo J. Caballero Mohamad L. Hammour
... sic literature on bubbles in general equilibrium bears little relation to speculative growth episodes. In this literature, bubbles – understood as asset prices that deviate from fundamental values – can only appear in a “dynamically inefficient” economy, that is one whose structure is conducive to ...
... sic literature on bubbles in general equilibrium bears little relation to speculative growth episodes. In this literature, bubbles – understood as asset prices that deviate from fundamental values – can only appear in a “dynamically inefficient” economy, that is one whose structure is conducive to ...
PDF
... capital relates to many different aspects of our lives, which include diverse dimensions such as better health [Wilkinson 1996], lower crime rates [Putnam 2000], improvement in education [Coleman 1988], greater levels of income equality [Wilkinson 1996], less corrupt and more effective government [P ...
... capital relates to many different aspects of our lives, which include diverse dimensions such as better health [Wilkinson 1996], lower crime rates [Putnam 2000], improvement in education [Coleman 1988], greater levels of income equality [Wilkinson 1996], less corrupt and more effective government [P ...
Neoliberal Political Economy and the Working Classes
... whose ultimate resolution will likely reshape politics and economics for at least a generation.""2 Pressing systemic and structural questions confront us: Why, when, and how did a debt-driven financialized economy come about? What changes in the labor markets induced the working classes to turn to d ...
... whose ultimate resolution will likely reshape politics and economics for at least a generation.""2 Pressing systemic and structural questions confront us: Why, when, and how did a debt-driven financialized economy come about? What changes in the labor markets induced the working classes to turn to d ...
Measuring the Economic Impact of Civil War
... of the economic effects. Wars that spill out across the entire country, require the highest level of military recruitment, and result in the greatest number of fatalities are the most damaging to the domestic economy. This paper also makes methodological improvements. First, we improve the data. The ...
... of the economic effects. Wars that spill out across the entire country, require the highest level of military recruitment, and result in the greatest number of fatalities are the most damaging to the domestic economy. This paper also makes methodological improvements. First, we improve the data. The ...
Rishabh Kumar Thrift, stagnation and wealth distribution in a United States
... Stiglitz (1969) and Michl and Foley (2004). However, the identity in (6) is distinguished by the fact that capacity utilization is not fixed in the long run and is neither a technical specification, thereby excluding the possibility of forced saving. Full utilization of available labor is therefore ...
... Stiglitz (1969) and Michl and Foley (2004). However, the identity in (6) is distinguished by the fact that capacity utilization is not fixed in the long run and is neither a technical specification, thereby excluding the possibility of forced saving. Full utilization of available labor is therefore ...
Uneven and combined development
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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.