Is the GDP Growth Rate in NIPA a Welfare Measure? - IAE-CSIC
... consumption ct , the price of investment relative to consumption qt declines, and the nominal shares of consumption and investment expenditures on income remain constant over time, a suitable replication of the facts described by Whelan (2003). Departing from the one-sector growth model raises the i ...
... consumption ct , the price of investment relative to consumption qt declines, and the nominal shares of consumption and investment expenditures on income remain constant over time, a suitable replication of the facts described by Whelan (2003). Departing from the one-sector growth model raises the i ...
“Root Causes”
... Before considering in further detail the issues raised by members of the conflicting parties, I would like to point out one conspicuous aspect of the causes of conflict mentioned. With one or two exceptions that suggest an explicit dimension of power; that is, the elders versus youth and the role o ...
... Before considering in further detail the issues raised by members of the conflicting parties, I would like to point out one conspicuous aspect of the causes of conflict mentioned. With one or two exceptions that suggest an explicit dimension of power; that is, the elders versus youth and the role o ...
The Growth of Nations - Brookings Institution
... The scope of this paper is selective and, to some extent, idiosyncratic. The study of growth has itself grown so rapidly in recent years that it would take an entire book to discuss the field thoroughly.1 In this paper, I do not try to lay out the many different views in the large literature on econ ...
... The scope of this paper is selective and, to some extent, idiosyncratic. The study of growth has itself grown so rapidly in recent years that it would take an entire book to discuss the field thoroughly.1 In this paper, I do not try to lay out the many different views in the large literature on econ ...
SEZ Kaliningrad, Russia - University of Michigan
... and provide these benefits. Employees, therefore, had no incentive to move into other jobs (Sachs and Woo 1994 ). In contrast, at the beginning of China’s experiment with SEZs in 1979 the country was still largely rural and agricultural and not fully supported by social benefits. The SEZs could draw ...
... and provide these benefits. Employees, therefore, had no incentive to move into other jobs (Sachs and Woo 1994 ). In contrast, at the beginning of China’s experiment with SEZs in 1979 the country was still largely rural and agricultural and not fully supported by social benefits. The SEZs could draw ...
Europe, China, and Shifting World Systems
... Mercantilism and European Exploration Mercantilism accompanied the evolution of absolutist dynastic states, in which absolute and total power are concentrated in the ruler, and their exploitation of the Atlantic world between the mid-sixteenth and mid-eighteenth centuries. Mercantilism depended on p ...
... Mercantilism and European Exploration Mercantilism accompanied the evolution of absolutist dynastic states, in which absolute and total power are concentrated in the ruler, and their exploitation of the Atlantic world between the mid-sixteenth and mid-eighteenth centuries. Mercantilism depended on p ...
HAPPINESS ECONOMICS What is happiness economics?
... • “Why do national comparisons among countries and over time show an association between income and happiness which is so much weaker than, if not inconsistent with, that shown by within‐country comparisons?” – Easterlin (1974) ...
... • “Why do national comparisons among countries and over time show an association between income and happiness which is so much weaker than, if not inconsistent with, that shown by within‐country comparisons?” – Easterlin (1974) ...
Aalborg Universitet Social Compacts in Regional and Global Perspective Schmidt, Johannes Dragsbæk
... However, the UN initiative has been criticized for relying on a mainstream understanding of globalization and global governance with the Global Compact seen as an attempt of cooptation into the Washington consensus and support for corporate globalization. It also raises the question why global gover ...
... However, the UN initiative has been criticized for relying on a mainstream understanding of globalization and global governance with the Global Compact seen as an attempt of cooptation into the Washington consensus and support for corporate globalization. It also raises the question why global gover ...
State
... knowledge gained from sensory perception to build a useful and usable set of general truths. Sense and logic are both necessary, the first to provide the mind the raw material of knowledge and the second to provide the critical process giving knowledge a useful meaning. John Locke central argument: ...
... knowledge gained from sensory perception to build a useful and usable set of general truths. Sense and logic are both necessary, the first to provide the mind the raw material of knowledge and the second to provide the critical process giving knowledge a useful meaning. John Locke central argument: ...
Trade Growth And Industrialization
... of imports, but on protection and support delivered reciprocally against performance of enterprises in generating exports, productivity growth, value-added and employment, of the kind pursued by the first-tier Newly Industrializing Economies (NIEs), notably Korea and Taiwan. Again, access of exporte ...
... of imports, but on protection and support delivered reciprocally against performance of enterprises in generating exports, productivity growth, value-added and employment, of the kind pursued by the first-tier Newly Industrializing Economies (NIEs), notably Korea and Taiwan. Again, access of exporte ...
gross domestic product (gdp) and gross national product (gnp)
... In GDP, the goods and services produced are aggregated in terms of value – that is, in terms of the prices paid by the buyers. Because some goods are used to produce other goods (for example, steel is used in the production of cars), adding up the value of all the products would lead to “double coun ...
... In GDP, the goods and services produced are aggregated in terms of value – that is, in terms of the prices paid by the buyers. Because some goods are used to produce other goods (for example, steel is used in the production of cars), adding up the value of all the products would lead to “double coun ...
Tackling the systemic causes of poverty
... of poverty lie in our economic structures, which determine wages, living costs and access to services, from housing to welfare support. The experience of poverty, in the UK and elsewhere, is relative to societal norms. It cannot be separated from inequality. Economic inequality has been found to und ...
... of poverty lie in our economic structures, which determine wages, living costs and access to services, from housing to welfare support. The experience of poverty, in the UK and elsewhere, is relative to societal norms. It cannot be separated from inequality. Economic inequality has been found to und ...
(I) Economic Factors
... performance”. • “Compliance with policy objectives and legal requirements set by EU and national authorities will be the main drivers of eco-industry growth” (Ernst & ...
... performance”. • “Compliance with policy objectives and legal requirements set by EU and national authorities will be the main drivers of eco-industry growth” (Ernst & ...
Delegations will find attached document COM(2015) 33 final. Encl
... The Commission will be authorised to take a position on behalf of the EU to support the United States’ request for a WTO waiver to extend and expand the scope of the existing waiver to the extent necessary to permit the United States to provide duty-free treatment to eligible products originating in ...
... The Commission will be authorised to take a position on behalf of the EU to support the United States’ request for a WTO waiver to extend and expand the scope of the existing waiver to the extent necessary to permit the United States to provide duty-free treatment to eligible products originating in ...
Macroeconomic Impact of Capital Flows in Sub
... for only a part of the time period, either because of recent discovery or substantial decline in production. Among the thirty-one countries in our data set this is not a major problem. More serious might be the objection that some mineral producers, Botswana for example, have macroeconomic character ...
... for only a part of the time period, either because of recent discovery or substantial decline in production. Among the thirty-one countries in our data set this is not a major problem. More serious might be the objection that some mineral producers, Botswana for example, have macroeconomic character ...
PDF
... policies, they dir ectly affect the structure of] production in economies at the national and global levels. As the mix of goods and ser vices produced change, the demands for factors of pr oduction also change. Consequently, in any given economy, it is difficult to conceive a situation wher e the c ...
... policies, they dir ectly affect the structure of] production in economies at the national and global levels. As the mix of goods and ser vices produced change, the demands for factors of pr oduction also change. Consequently, in any given economy, it is difficult to conceive a situation wher e the c ...
Economics and Happiness Research: Insights
... paradox” which is that the overall standard of living has increased for individuals over time while the level of satisfaction or happiness, over that same period of time, has remained constant.6 Why, researchers wonder, has the overall level of satisfaction with life remained constant while standard ...
... paradox” which is that the overall standard of living has increased for individuals over time while the level of satisfaction or happiness, over that same period of time, has remained constant.6 Why, researchers wonder, has the overall level of satisfaction with life remained constant while standard ...
Sustainable Consumption: The need for a strong consumer
... fundamental barriers to the recovery of the economy of the European Union and wants to see his strategy of de-bureaucratization and deregulation applied above all in these areas of policy. The political debate within Germany is equally symptomatic of the prevailing interpretation of consumer policy. ...
... fundamental barriers to the recovery of the economy of the European Union and wants to see his strategy of de-bureaucratization and deregulation applied above all in these areas of policy. The political debate within Germany is equally symptomatic of the prevailing interpretation of consumer policy. ...
India and the Eurozone: A Commentary on the Political Economy of
... relatively free capital movements. In this commentary we will highlight some of the important changes which have occurred in the Eurozone and Indian economies and discuss the implications of these changes for other regions and countries. The paper will also set out a number of hypotheses which our a ...
... relatively free capital movements. In this commentary we will highlight some of the important changes which have occurred in the Eurozone and Indian economies and discuss the implications of these changes for other regions and countries. The paper will also set out a number of hypotheses which our a ...
working paper 291
... job, if the government exacts the right amount of taxes and provides the right amount of subsidies. Only in the case of extreme failure of the exclusion principle (Musgrave, 1959, p.86), for example, national defense, can public production can be justified. Thus, the type of market failures which we ...
... job, if the government exacts the right amount of taxes and provides the right amount of subsidies. Only in the case of extreme failure of the exclusion principle (Musgrave, 1959, p.86), for example, national defense, can public production can be justified. Thus, the type of market failures which we ...
Sustainainable development and green growth: Comparison
... The TFSD/Statistics Netherlands measurement system provides two ways of showing the indicator sets: the conceptual and thematic representation (provided in chapters 2 and 3 of the Dutch sustainability monitor (CBS, 2011a)). In the conceptual classification, the “here and now”, “later and “elsewhere ...
... The TFSD/Statistics Netherlands measurement system provides two ways of showing the indicator sets: the conceptual and thematic representation (provided in chapters 2 and 3 of the Dutch sustainability monitor (CBS, 2011a)). In the conceptual classification, the “here and now”, “later and “elsewhere ...
Socialist growth revisited: Insights from Yugoslavia
... centrally planned economies (Kornai, 1980). The core of the argument is that employers and employees faced poor incentives since property was state owned (Bardhan and Roemer, 1993). A more nuanced argument bifurcates the economic performance of planned economies into different periods. Broadberry an ...
... centrally planned economies (Kornai, 1980). The core of the argument is that employers and employees faced poor incentives since property was state owned (Bardhan and Roemer, 1993). A more nuanced argument bifurcates the economic performance of planned economies into different periods. Broadberry an ...
Financing electric power in developing countries
... bestowed considerable benefits on many industrial nations, it has only reached a few developing countries. It is encouraging to note that there are some impressive success stories of recovery and growth in Asia, but the transition to sustained long-term growth for the majority of nations in the deve ...
... bestowed considerable benefits on many industrial nations, it has only reached a few developing countries. It is encouraging to note that there are some impressive success stories of recovery and growth in Asia, but the transition to sustained long-term growth for the majority of nations in the deve ...
Regional policy in Europe
... The fear: - Core will win at expense of periphery - Full working economies of scale - Headquarters in core - Spillovers, linkages in the core - R&D, education, interesting services in the core The facts: - Big (core) countries do loose shares in GDP, trade - Core countries possess interesting resour ...
... The fear: - Core will win at expense of periphery - Full working economies of scale - Headquarters in core - Spillovers, linkages in the core - R&D, education, interesting services in the core The facts: - Big (core) countries do loose shares in GDP, trade - Core countries possess interesting resour ...
Development economics
Development economics is a branch of economics which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels.Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as inter-temporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods.Unlike in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans. Also unlike many other fields of economics, there is no consensus on what students should know. Different approaches may consider the factors that contribute to economic convergence or non-convergence across households, regions, and countries.