global political economy
... wealth and power for granted—and yet, within these limits, be creative. This means that every aspect of their training should ideally be depoliticised. In the twentieth century, this has come to mean that the different structures supporting the established order have all been bracketed from critical ...
... wealth and power for granted—and yet, within these limits, be creative. This means that every aspect of their training should ideally be depoliticised. In the twentieth century, this has come to mean that the different structures supporting the established order have all been bracketed from critical ...
SPATIAL APPROACH TO TERRITORIAL CONVERGENCE
... - Detect the role of spatial heterogeneity on regional convergence on the basis of the concept of convergence clubs (Quah, 1996; Baumont et al., 2003). The need to consider agglomeration and spillovers in convergence process has also been supported by results of the empirical literature that has sug ...
... - Detect the role of spatial heterogeneity on regional convergence on the basis of the concept of convergence clubs (Quah, 1996; Baumont et al., 2003). The need to consider agglomeration and spillovers in convergence process has also been supported by results of the empirical literature that has sug ...
productivity performance in south africa
... discriminatory practices into the labour market and labour use, discriminated severely in education and skills development, aimed industrial and trade policies at the needs of an internationally isolated economy, and polarised labour relations through the absence of the vote for black workers, forci ...
... discriminatory practices into the labour market and labour use, discriminated severely in education and skills development, aimed industrial and trade policies at the needs of an internationally isolated economy, and polarised labour relations through the absence of the vote for black workers, forci ...
Accounting for economic growth in the Netherlands since
... constant during this period (see also diagram 2). For the period as a whole it rose a t 0.5 per cent a year. It declined during the period of rapid growth from 1 9 13 t o 1929, b u t it increased during the other rapid growth period from 1947 t o 1973. During the first half of the thirties the capit ...
... constant during this period (see also diagram 2). For the period as a whole it rose a t 0.5 per cent a year. It declined during the period of rapid growth from 1 9 13 t o 1929, b u t it increased during the other rapid growth period from 1947 t o 1973. During the first half of the thirties the capit ...
What is the Wealth of a Nation?
... Although abstract economic theory sometimes employs variables that cannot be directly observed, that theory nevertheless can be a powerful guide to straight thinking. The consumer-choice theory we covered at the beginning of the course occasionally serves that purpose. There we styled human beings a ...
... Although abstract economic theory sometimes employs variables that cannot be directly observed, that theory nevertheless can be a powerful guide to straight thinking. The consumer-choice theory we covered at the beginning of the course occasionally serves that purpose. There we styled human beings a ...
Basics of Engineering Economy
... As f and if increase, the P/A and P/F factors decrease, thus making the PW values smaller Moving debt to the future and paying with future (inflated) money seems financially ‘smart’, BUT … If cash is not available in the future, debt-laden people, companies and countries will suffer and may go ...
... As f and if increase, the P/A and P/F factors decrease, thus making the PW values smaller Moving debt to the future and paying with future (inflated) money seems financially ‘smart’, BUT … If cash is not available in the future, debt-laden people, companies and countries will suffer and may go ...
CHAPTER 21: Open-Economy Macroeconomics: The Balance of
... a. Supply is the central bank of Colombia (or Banco de la República), and demand is any foreigner who wants to buy Colombian goods, services and assets. b. Supply is comprised of those who hold pesos and would like to acquire foreign currency, and demand is comprised of those who hold foreign exchan ...
... a. Supply is the central bank of Colombia (or Banco de la República), and demand is any foreigner who wants to buy Colombian goods, services and assets. b. Supply is comprised of those who hold pesos and would like to acquire foreign currency, and demand is comprised of those who hold foreign exchan ...
1. Problems in analyzing economic development
... Why are some countries rich and others poor? This is has been one of the grand questions in economic and historical research over the last five decades. The question was explicitly asked when many former colonies became independent after World War II (Easterlin 2001). These newly independent countri ...
... Why are some countries rich and others poor? This is has been one of the grand questions in economic and historical research over the last five decades. The question was explicitly asked when many former colonies became independent after World War II (Easterlin 2001). These newly independent countri ...
Note on growth and growth accounting
... factor productivity growth captures the impact of intangible aspects of human progress that allow both labour and capital to increase their productivity. Thinking of the period 1990 to 2000, what has made the US economy more productive and has increased welfare was not simply the fact that firms hav ...
... factor productivity growth captures the impact of intangible aspects of human progress that allow both labour and capital to increase their productivity. Thinking of the period 1990 to 2000, what has made the US economy more productive and has increased welfare was not simply the fact that firms hav ...
A Comparative Study of Metaphor in English and Slovene Popular
... () . . . was announced in July . . . It serves as a lesson of what can go wrong if () . . . couples leap too hastily into each other’s arms. It is also a reminder that old () . . . can turn out to know much less about each other than they thought . . . () . . . were scrambling to the altar. ...
... () . . . was announced in July . . . It serves as a lesson of what can go wrong if () . . . couples leap too hastily into each other’s arms. It is also a reminder that old () . . . can turn out to know much less about each other than they thought . . . () . . . were scrambling to the altar. ...
Post World War II politics and Keynes`s aborted revolutionary
... framework Given Samuelson’s dominance of the American macroeconomic scene after the second world war, the different axiomatic foundation of Samuelson’s popularization of Keynesianism vis-a-vis Keynes’s General Theory aborted Keynes’s truly revolutionary analysis from being adopted. Consequently in t ...
... framework Given Samuelson’s dominance of the American macroeconomic scene after the second world war, the different axiomatic foundation of Samuelson’s popularization of Keynesianism vis-a-vis Keynes’s General Theory aborted Keynes’s truly revolutionary analysis from being adopted. Consequently in t ...
Principles of Economics, Case and Fair,8e
... The reason for looking to microeconomics for help in explaining macroeconomic events is simple: Macroeconomic behavior is the sum of all the microeconomic decisions made by individual households and firms. If the movements of macroeconomic aggregates, such as total output or total employment, reflec ...
... The reason for looking to microeconomics for help in explaining macroeconomic events is simple: Macroeconomic behavior is the sum of all the microeconomic decisions made by individual households and firms. If the movements of macroeconomic aggregates, such as total output or total employment, reflec ...
The Principle of Effective Demand and the State of Post Keynesian
... changes in the level of income or activity and not the rate of interest that restores equality to saving and investment. This is fine as far as it goes but it leaves the role of rate of interest and the marginal efficiency of capital unaccounted for in what is usually pres ...
... changes in the level of income or activity and not the rate of interest that restores equality to saving and investment. This is fine as far as it goes but it leaves the role of rate of interest and the marginal efficiency of capital unaccounted for in what is usually pres ...
An Index of Coincident Economic Indicators for
... available in the 1940s in the United States and even later, if at all, in other countries. Since monthly peak and trough dates are desired, quarterly figures are not sufficient in any case.” Moore further notes: “Virtually all economic statistics are subject to error, and hence are often revised. Us ...
... available in the 1940s in the United States and even later, if at all, in other countries. Since monthly peak and trough dates are desired, quarterly figures are not sufficient in any case.” Moore further notes: “Virtually all economic statistics are subject to error, and hence are often revised. Us ...
Milton Friedman`s economics and political economy
... economics is about economic policy and what the goals of the economy should be. That view claims theory is value-free and unaffected by the values of the theorist and the values of the society in which the theorist works. It has become widely held and serves to insulate mainstream economics against ...
... economics is about economic policy and what the goals of the economy should be. That view claims theory is value-free and unaffected by the values of the theorist and the values of the society in which the theorist works. It has become widely held and serves to insulate mainstream economics against ...
Economic Growth: the Solow Model Why Study Economic Growth?
... e. On the same graph, plot the marginal product of labor using the values you just calculated. f. What happens to the marginal product of labor when the economy’s stock of capital increases? 2. In Lecture 3, you learned that a firm hires labor up to the point where the wage equals the price times th ...
... e. On the same graph, plot the marginal product of labor using the values you just calculated. f. What happens to the marginal product of labor when the economy’s stock of capital increases? 2. In Lecture 3, you learned that a firm hires labor up to the point where the wage equals the price times th ...
Baby Boom, Health Boom and the Future of Financial Markets
... 2.3 percent better off in terms of lifetime consumption than if the age distribution had remained in the steady state. This is better than the lifetime consumption of their children or their parents who will be worse off 2.3 percent and 3.3 percent respectively. Reasoning behind this is asset return ...
... 2.3 percent better off in terms of lifetime consumption than if the age distribution had remained in the steady state. This is better than the lifetime consumption of their children or their parents who will be worse off 2.3 percent and 3.3 percent respectively. Reasoning behind this is asset return ...
Export Diversification, Externalities and Growth
... Accordingly, horizontal and vertical export diversification may positively affect aggregate output. Despite the popularity of the hypothesis of diversification-led growth there have been remarkably few empirical investigations into the implied links between export diversification and growth. To our ...
... Accordingly, horizontal and vertical export diversification may positively affect aggregate output. Despite the popularity of the hypothesis of diversification-led growth there have been remarkably few empirical investigations into the implied links between export diversification and growth. To our ...
Natural Capital, Sustainability and Productivity
... yield services over time but can also depreciate. Depreciation of natural capital results from depletion and degradation (declining quality) of these stocks. Degradation may have a greater impact on production than depletion. When quality declines as a natural resource is extracted or harvested, the ...
... yield services over time but can also depreciate. Depreciation of natural capital results from depletion and degradation (declining quality) of these stocks. Degradation may have a greater impact on production than depletion. When quality declines as a natural resource is extracted or harvested, the ...
Economics Study/Resource Guide
... Economics/Business/Free Enterprise Content Domain: Microeconomic Concepts Standard: SSEMI4. The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy. a. Compare and contrast three forms of business organization—sole proprietor ...
... Economics/Business/Free Enterprise Content Domain: Microeconomic Concepts Standard: SSEMI4. The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy. a. Compare and contrast three forms of business organization—sole proprietor ...
Investment Basics: Keeping Pace with the Global Leading Economic
... and profits, but this has to be offset by existing inventories. As it is, factory producers will typically meet new orders by first drawing down on existing stocks. Only when stock levels have run low, will manufacturers tap the production lines to supply new products. ...
... and profits, but this has to be offset by existing inventories. As it is, factory producers will typically meet new orders by first drawing down on existing stocks. Only when stock levels have run low, will manufacturers tap the production lines to supply new products. ...