Is there a monetary growth imperative?
... increasingly debated within the degrowth movement. In the wake of the subprime crisis, the monetary drivers of capitalist growth dynamics have been repeatedly called a crucial, yet understudied issue (e.g., Martínez-Alier et al., 2010). In consequence, numerous proposals have been put forward as pos ...
... increasingly debated within the degrowth movement. In the wake of the subprime crisis, the monetary drivers of capitalist growth dynamics have been repeatedly called a crucial, yet understudied issue (e.g., Martínez-Alier et al., 2010). In consequence, numerous proposals have been put forward as pos ...
Principles of Economics, Case and Fair,9e
... Beginning in England around 1750, technical change and capital accumulation increased productivity significantly in two important industries: agriculture and textiles. ...
... Beginning in England around 1750, technical change and capital accumulation increased productivity significantly in two important industries: agriculture and textiles. ...
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... 1973 war was financially costly as military funding was strongly rising. The state financed the military expenditures by increasing taxes and state controlled prices. In return, Sadat had to respond and announced the Open Door economic reform of 1974. The Open Door policy aimed at increasing foreig ...
... 1973 war was financially costly as military funding was strongly rising. The state financed the military expenditures by increasing taxes and state controlled prices. In return, Sadat had to respond and announced the Open Door economic reform of 1974. The Open Door policy aimed at increasing foreig ...
Looking Ahead - The New North
... • Basis for forming the New North Economic Partnership and all that followed • Outside assessment – “We want a plan like the New North plan.” • Stimulated economic development thinking within the New North region • Led to other regional plans Centergy, Grow North, UP/Wisconsin Border Region ...
... • Basis for forming the New North Economic Partnership and all that followed • Outside assessment – “We want a plan like the New North plan.” • Stimulated economic development thinking within the New North region • Led to other regional plans Centergy, Grow North, UP/Wisconsin Border Region ...
2. The economy of the circumpolar Arctic
... the exploitation of natural resources, the primary sector represents roughly USD-PPP 70 billion and contributes 31 per cent to Arctic GDP (Figure 2.1). The primary sector in the Arctic consists primarily of two types of activities. The first type is the large-scale extraction of non-renewable resour ...
... the exploitation of natural resources, the primary sector represents roughly USD-PPP 70 billion and contributes 31 per cent to Arctic GDP (Figure 2.1). The primary sector in the Arctic consists primarily of two types of activities. The first type is the large-scale extraction of non-renewable resour ...
Is India`s Long-Term Trend Growth Declining?
... participation rate (LFPR); and education and skill levels are low, but improving. However, in the labor market, even if sufficient and high quality human capital is available, laws and regulations must enable its efficient allocation for labor to meaningfully contribute to output growth. With regard ...
... participation rate (LFPR); and education and skill levels are low, but improving. However, in the labor market, even if sufficient and high quality human capital is available, laws and regulations must enable its efficient allocation for labor to meaningfully contribute to output growth. With regard ...
agricultural economics
... consist of eminent professors and researchers of relevant fields from public and private sector universities, R&D organizations, councils, industry and civil society by seeking nominations from their organizations. In order to impart quality education which is at par with international standards, HE ...
... consist of eminent professors and researchers of relevant fields from public and private sector universities, R&D organizations, councils, industry and civil society by seeking nominations from their organizations. In order to impart quality education which is at par with international standards, HE ...
November 2014 agendas
... 1. Warm up—What effect do subsidies have on the supply of a good? How does this affect the demand for the same good? Illustrate. 2. Absolute advantage v. comparative advantage 3. Dialogue 4. Economics USA: international trade 5. A few homework problems ...
... 1. Warm up—What effect do subsidies have on the supply of a good? How does this affect the demand for the same good? Illustrate. 2. Absolute advantage v. comparative advantage 3. Dialogue 4. Economics USA: international trade 5. A few homework problems ...
Corruption and the shadow economy: like oil and vinegar, like water
... The selection of the shadow economy’s causes is based on theoretical and empirical evidence found in the literature. For example, high social security and other taxes are important causes of the shadow economy.5 Taxes affect labor–leisure choices and stimulate the labor supply in the shadow economy. ...
... The selection of the shadow economy’s causes is based on theoretical and empirical evidence found in the literature. For example, high social security and other taxes are important causes of the shadow economy.5 Taxes affect labor–leisure choices and stimulate the labor supply in the shadow economy. ...
Markov-Perfect Optimal Fiscal Policy: The Case of
... an optimal policy with income taxation, issues of debt and, consequently, positive wedges. As we show below, the existence of this latter equilibrium hinges on the assumption that the economy runs for an infinite number of periods, and therefore there is no last government unable to pass on the burd ...
... an optimal policy with income taxation, issues of debt and, consequently, positive wedges. As we show below, the existence of this latter equilibrium hinges on the assumption that the economy runs for an infinite number of periods, and therefore there is no last government unable to pass on the burd ...
The Underground Economy - Causes, Extent, Approaches
... The underlying cause of the underground econtype of cost often ascribed to the underground economy is found in Adam Smith’s celebrated Wealth of omy is that it neutralizes, at least partly, the public Nations. Smith saw the foundation of modern society policies that generated it and, thus, reduces t ...
... The underlying cause of the underground econtype of cost often ascribed to the underground economy is found in Adam Smith’s celebrated Wealth of omy is that it neutralizes, at least partly, the public Nations. Smith saw the foundation of modern society policies that generated it and, thus, reduces t ...
The Natural Resource Curse and Fiscal Decentralization
... additional empirical evidence of this phenomenon as well as various potential explanations for its occurrence. Among these explanations, the literature has emphasized political factors, corruption, underdeveloped legal and financial systems, Dutch disease mechanisms, or human-capital inhibiting inst ...
... additional empirical evidence of this phenomenon as well as various potential explanations for its occurrence. Among these explanations, the literature has emphasized political factors, corruption, underdeveloped legal and financial systems, Dutch disease mechanisms, or human-capital inhibiting inst ...
Understanding the Drivers of National Innovative Capacity.
... experienced substantial convergence in national innovative capacity over the last quarter century. INTRODUCTION In the past decade, both academic scholars and policymakers have focused increasing attention on the central role that technological innovation plays in economic growth. In turning their a ...
... experienced substantial convergence in national innovative capacity over the last quarter century. INTRODUCTION In the past decade, both academic scholars and policymakers have focused increasing attention on the central role that technological innovation plays in economic growth. In turning their a ...
Chapter 7 The Rational Expectations Hypothesis Munroe Mark
... prices must lead to lower output to keep nominal demand constant. The aggregate supply function is assumed upward sloping drawn for a given level of expected price reflecting the fact that at higher prices the gap between actual and expected prices increases leading to a higher level of output. With ...
... prices must lead to lower output to keep nominal demand constant. The aggregate supply function is assumed upward sloping drawn for a given level of expected price reflecting the fact that at higher prices the gap between actual and expected prices increases leading to a higher level of output. With ...
NQF Level 4 - Macmillan Education South Africa
... anymore, the rain that falls is often acidic especially in urban areas, and according to scientists, global warming is becoming a real problem. The heat from the sun is not escaping from our atmosphere as fast as it is supposed to and the air is slowly warming up. This could affect and change our we ...
... anymore, the rain that falls is often acidic especially in urban areas, and according to scientists, global warming is becoming a real problem. The heat from the sun is not escaping from our atmosphere as fast as it is supposed to and the air is slowly warming up. This could affect and change our we ...
Although understanding economic growth has always been the
... Section 3 discusses the possibility of perpetual growth and slowdown. De La Grandville and Solow (2004) have demonstrated that for a country to grow indefinitely without technological progress, σ must exceed a critical value ( σ Hc ) that is greater than 1. This critical value depends on saving, po ...
... Section 3 discusses the possibility of perpetual growth and slowdown. De La Grandville and Solow (2004) have demonstrated that for a country to grow indefinitely without technological progress, σ must exceed a critical value ( σ Hc ) that is greater than 1. This critical value depends on saving, po ...
Financial Development, Human Capital, and Economic Growth: New
... a well developed financial market. Romer (1990) noted that, technological change depends on investment in technology, and that the amount of investment required by a firm goes from one technological level to a higher level which depends on two key factors: the level of general and scientific knowled ...
... a well developed financial market. Romer (1990) noted that, technological change depends on investment in technology, and that the amount of investment required by a firm goes from one technological level to a higher level which depends on two key factors: the level of general and scientific knowled ...
Economics Department (ECO)
... Aspects of the scarcity of renewable and non-renewable natural resources and the management problems associated with their allocation and use are presented from neoclassical and ecological economics perspective. The theoretical foundations for those tools of economic analysis applicable to the analy ...
... Aspects of the scarcity of renewable and non-renewable natural resources and the management problems associated with their allocation and use are presented from neoclassical and ecological economics perspective. The theoretical foundations for those tools of economic analysis applicable to the analy ...
Inflation Targeting and The Need for a New Central Banking
... inception of it. There is no inflation or interest theory and Economics still lacks a full-fledged monetary theory. At the heart of the IT regime lies the so-called Taylor rule, which is, in turn, the embodiment and crystallization of the fundamental tenets of the new consensus in economics, which ...
... inception of it. There is no inflation or interest theory and Economics still lacks a full-fledged monetary theory. At the heart of the IT regime lies the so-called Taylor rule, which is, in turn, the embodiment and crystallization of the fundamental tenets of the new consensus in economics, which ...
Secular Stagnation or Stagnation Policy? Steindl after Summers
... issue of long-run stagnation, or of “secular stagnation” (that is: low or even negative growth over a prolonged period of time), seems to be on the agenda (again) for academic economists, economic policy advisers, and policymaking institutions. Commonly, the start of the debate is associated with th ...
... issue of long-run stagnation, or of “secular stagnation” (that is: low or even negative growth over a prolonged period of time), seems to be on the agenda (again) for academic economists, economic policy advisers, and policymaking institutions. Commonly, the start of the debate is associated with th ...