Private Investment and Economic growth
... Hence, the share of private investment in the economy was more than the public investment. After overthrowing the imperial in 1974 the military government took socialism as a guiding philosophy for economy and the private enterprises were nationalized. In addition to this there was a restriction on ...
... Hence, the share of private investment in the economy was more than the public investment. After overthrowing the imperial in 1974 the military government took socialism as a guiding philosophy for economy and the private enterprises were nationalized. In addition to this there was a restriction on ...
Microfoundational programs
... proportion of all articles published in 97 economics journals.9 There are few uses before the end of World War II. Growth in the use of “microeconomics” is fairly steady, finally stabilizing around 10 percent only in the 1990s. “Macroeconomics” shows a similar pattern, although its growth is faster ...
... proportion of all articles published in 97 economics journals.9 There are few uses before the end of World War II. Growth in the use of “microeconomics” is fairly steady, finally stabilizing around 10 percent only in the 1990s. “Macroeconomics” shows a similar pattern, although its growth is faster ...
`Turning Points` with Leading Indicators: `Real Time`
... American cycle for our comparisons of three chosen cyclical indicators (LEI, CLI, PMI). We suppose that any ‘good’ cyclical indicator had to point to an imminent turn in the economy at those turning points. Real-time analyses and data vintages All cyclical indicators are usually revised because of r ...
... American cycle for our comparisons of three chosen cyclical indicators (LEI, CLI, PMI). We suppose that any ‘good’ cyclical indicator had to point to an imminent turn in the economy at those turning points. Real-time analyses and data vintages All cyclical indicators are usually revised because of r ...
Slides 2
... First, we focus on polar cases. - For instance, in the status quo economy, we assume that there is public production only. But we are aware that actually some public services have been contracted out to private suppliers already. - At the other end, in the reformed economy, we assume that there are ...
... First, we focus on polar cases. - For instance, in the status quo economy, we assume that there is public production only. But we are aware that actually some public services have been contracted out to private suppliers already. - At the other end, in the reformed economy, we assume that there are ...
Predator or Prey?
... countries stagnate and remain poor, countries that avoid the trap grow fast and end up rich. We also show, however, that when the ßow of new entrepreneurs is sufficiently high, it is possible for a country to move out of the trap and experience a delayed take off. Like other models with multiple equili ...
... countries stagnate and remain poor, countries that avoid the trap grow fast and end up rich. We also show, however, that when the ßow of new entrepreneurs is sufficiently high, it is possible for a country to move out of the trap and experience a delayed take off. Like other models with multiple equili ...
Growing the Impact Economy in Greater Philadelphia
... It is clear that we are in the early stages of understanding the impact economy as a separate and distinct subset of the overall economy. On a regular basis, new research and reports are released, each with a slight variation on the definition and each with their own approach to measuring what “impa ...
... It is clear that we are in the early stages of understanding the impact economy as a separate and distinct subset of the overall economy. On a regular basis, new research and reports are released, each with a slight variation on the definition and each with their own approach to measuring what “impa ...
Section 4: The national and international economy
... 1 If national income increases, it may be the result of higher levels of output or simply increases in prices across the economy. Real national income strips out the effects of price increases and therefore shows us whether or not output and income are growing — if so, more is being produced that ca ...
... 1 If national income increases, it may be the result of higher levels of output or simply increases in prices across the economy. Real national income strips out the effects of price increases and therefore shows us whether or not output and income are growing — if so, more is being produced that ca ...
Intermediate Goods and Weak Links in the Theory of Economic
... below by building a model in which distortions to the allocation of resources at the micro level such as theft or taxation aggregate up into TFP differences at the macro level. These micro-level distortions — which are in principle observable and have a definite magnitude (such as “10% of output get ...
... below by building a model in which distortions to the allocation of resources at the micro level such as theft or taxation aggregate up into TFP differences at the macro level. These micro-level distortions — which are in principle observable and have a definite magnitude (such as “10% of output get ...
Growing the Impact Economy in Greater Philadelphia
... development of the impact economy—both to improve social outcomes in our community and to create a new source of economic activity in our region. We hope to better understand the nature of the impact economy ecosystem and to use that knowledge to both educate regional leaders on its potential and wh ...
... development of the impact economy—both to improve social outcomes in our community and to create a new source of economic activity in our region. We hope to better understand the nature of the impact economy ecosystem and to use that knowledge to both educate regional leaders on its potential and wh ...
A Circular Economy in the Netherlands by 2050
... Natural capital is the world’s stock of natural ecosystems that produce a stream of valuable products and services, now and in the future. It is an extension of the economic notion of capital (manufactured means of production) to include the products and services that the natural environment produce ...
... Natural capital is the world’s stock of natural ecosystems that produce a stream of valuable products and services, now and in the future. It is an extension of the economic notion of capital (manufactured means of production) to include the products and services that the natural environment produce ...
Batch-2014 Onwards GURU KASHI UNIVERSITY University College
... 2. Section A, B, C, D, each questions will carry 10 marks. Instructions for Candidates: Candidates are required to attempt any 5 questions. At least one question should be attempt from each section A, B, C, D from entire sections. Objectives: The main objective of the paper to understand the charact ...
... 2. Section A, B, C, D, each questions will carry 10 marks. Instructions for Candidates: Candidates are required to attempt any 5 questions. At least one question should be attempt from each section A, B, C, D from entire sections. Objectives: The main objective of the paper to understand the charact ...
NBER WORKING PAPER SERIES RATIONAL ADDICTION, PEER EXTERNALITIES Donald S. Kenkel
... external costs associated with alcohol consumption, mostly the result of drunk driving.3 In addition, much evidence suggests that alcohol consumption affects the incidence of child abuse, the homicide rate, and other forms of violent activity.4 Furthermore, there are also long-term external costs a ...
... external costs associated with alcohol consumption, mostly the result of drunk driving.3 In addition, much evidence suggests that alcohol consumption affects the incidence of child abuse, the homicide rate, and other forms of violent activity.4 Furthermore, there are also long-term external costs a ...
PDF
... Abstract: As the natural resources are getting exhausted, the concept of sustainable development of region has received increasing attentions, especially for resource-dependent cities. In this paper an innovative method that emergy analysis and IPAT (Human Impact Population Affluence Technology) mod ...
... Abstract: As the natural resources are getting exhausted, the concept of sustainable development of region has received increasing attentions, especially for resource-dependent cities. In this paper an innovative method that emergy analysis and IPAT (Human Impact Population Affluence Technology) mod ...
MACRO Consulting Group: Home
... was largely the case. But as 2015 begins, policyrelated uncertainty could make a comeback. Please see our Outlook 2015: In Transit for more details. The Affordable Care Act (ACA), and healthcare in general, remained a consistent source of concern among respondents to the Beige Book, although the imp ...
... was largely the case. But as 2015 begins, policyrelated uncertainty could make a comeback. Please see our Outlook 2015: In Transit for more details. The Affordable Care Act (ACA), and healthcare in general, remained a consistent source of concern among respondents to the Beige Book, although the imp ...
Green Agrowth as a Third Option: Removing the GDP
... 2014). Moreover, the GPD indicator not only neglects the equity meaning of this issue, but also the social welfare implications of marginal utility of income (or money) being higher for poor than for rich people. Distribution is further worthwhile to be considered in social welfare assessment as wel ...
... 2014). Moreover, the GPD indicator not only neglects the equity meaning of this issue, but also the social welfare implications of marginal utility of income (or money) being higher for poor than for rich people. Distribution is further worthwhile to be considered in social welfare assessment as wel ...
NBER WORKING PAPER SERIES THE MACROECONOMICS OF SUBSISTENCE POINTS Morten O. Ravn
... There is a long literature in microeconomics, going back to the seminal work of Stone (1950) and Geary (1954), studying the role of non-homothetic preferences for the specification of demand functions. The existence of subsistence points also has macroeconomic implications. In particular, subsistenc ...
... There is a long literature in microeconomics, going back to the seminal work of Stone (1950) and Geary (1954), studying the role of non-homothetic preferences for the specification of demand functions. The existence of subsistence points also has macroeconomic implications. In particular, subsistenc ...
The Driving Forces of Economic Growth: Panel Data
... tent effect on growth, that is, higher R&D expenditure would, ceteris paribus, be associated with permanently higher growth rates. The amount of resources that are devoted to R&D can be influenced by government intervention. In particular, the potential benefits from new ideas may not be fully appro ...
... tent effect on growth, that is, higher R&D expenditure would, ceteris paribus, be associated with permanently higher growth rates. The amount of resources that are devoted to R&D can be influenced by government intervention. In particular, the potential benefits from new ideas may not be fully appro ...
Abstract - Brad DeLong`s Website
... In the early 1970s, U.S. productivity growth fell off a cliff. Measured output per personhour worked in nonfarm business had averaged a growth rate of 2.88 percent per year from 1947 to 1973. It averaged a growth rate of only 1.30 percent per year from 1973 to 1995. The deceleration in the growth ra ...
... In the early 1970s, U.S. productivity growth fell off a cliff. Measured output per personhour worked in nonfarm business had averaged a growth rate of 2.88 percent per year from 1947 to 1973. It averaged a growth rate of only 1.30 percent per year from 1973 to 1995. The deceleration in the growth ra ...
Fiscal Policy: Coping with Inflation and Unemployment
... The third segment is vertical. Everyone who is capable of working at any wage rate is working. No further increases in the price level can generate more real GDP. If the aggregate demand curve shifts upward, real GDP remains the same but the price level increases. Gottheil - Principles of Economics, ...
... The third segment is vertical. Everyone who is capable of working at any wage rate is working. No further increases in the price level can generate more real GDP. If the aggregate demand curve shifts upward, real GDP remains the same but the price level increases. Gottheil - Principles of Economics, ...
Economy as Religion
... my time there trying to learn more about economy as religion. The libraries there proved immensely valuable, as I gained access to a much more extensive array of books than what I would have had available at NTNU. I found other authors who wrote about economy as religion, but while their insights we ...
... my time there trying to learn more about economy as religion. The libraries there proved immensely valuable, as I gained access to a much more extensive array of books than what I would have had available at NTNU. I found other authors who wrote about economy as religion, but while their insights we ...
Keynesian Economics Bad
... stimulus" and that "every dollar of benefits generates $1.84 in the economy in terms of economic activity." Many observers may see how this idea -- that one can magically get back more than one puts in -- conflicts with what I will call "regular economics." What few know is that there is no ...
... stimulus" and that "every dollar of benefits generates $1.84 in the economy in terms of economic activity." Many observers may see how this idea -- that one can magically get back more than one puts in -- conflicts with what I will call "regular economics." What few know is that there is no ...
Productivity Growth and the New Economy
... indeed, there were breaks in trend in virtually every decade. The volatile nature of productivity growth is a warning that we should not read too much into a period even as long as six years. Third, even with the rapid productivity growth since 1995, labor-productivity growth is still below four oth ...
... indeed, there were breaks in trend in virtually every decade. The volatile nature of productivity growth is a warning that we should not read too much into a period even as long as six years. Third, even with the rapid productivity growth since 1995, labor-productivity growth is still below four oth ...