Macroeconomics: Events and Ideas
... threatened to destabilize societies and political systems. In particular, the economic plunge helped Adolf Hitler rise to power in Germany. The whole world wanted to know how this economic disaster could be happening and what should be done about it. But because there was no widely accepted theory o ...
... threatened to destabilize societies and political systems. In particular, the economic plunge helped Adolf Hitler rise to power in Germany. The whole world wanted to know how this economic disaster could be happening and what should be done about it. But because there was no widely accepted theory o ...
Chapter 3
... Transformation character: the property of some human capital that enables it to transform an item that was not previously perceived as useful in satisfying wants into one that is perceived as useful. Case 1: Knowledge that an item is a resource transforms the non-resource into a resource. Example: t ...
... Transformation character: the property of some human capital that enables it to transform an item that was not previously perceived as useful in satisfying wants into one that is perceived as useful. Case 1: Knowledge that an item is a resource transforms the non-resource into a resource. Example: t ...
View/Open - AgEcon Search
... hand legal scholars have created the field of “law and economics” by applying economics to the study of law. Economists’ ideas and methods have also found their way into sociology, demography and into studies of the family and crime. Whereas economists traditionally studied prices, quantities and fl ...
... hand legal scholars have created the field of “law and economics” by applying economics to the study of law. Economists’ ideas and methods have also found their way into sociology, demography and into studies of the family and crime. Whereas economists traditionally studied prices, quantities and fl ...
DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY GROWTH IN
... industry uses their existing technology and economic inputs more efficiently; they can produce more while using the same capital, labor and technology, or more generally by increases in "technical efficiency" (EFFCH). TFP change from one year to the next is therefore comprised of technological chang ...
... industry uses their existing technology and economic inputs more efficiently; they can produce more while using the same capital, labor and technology, or more generally by increases in "technical efficiency" (EFFCH). TFP change from one year to the next is therefore comprised of technological chang ...
Seven Centuries of Economic Growth and Decline1
... With an estimate of per capita agricultural output and of the share of nonagricultural (sometimes separated into industrial and service sector) output, it is possible to construct a GDP. This value is then divided by the geographical boundary’s population to produce per capita GDP. This is naturally ...
... With an estimate of per capita agricultural output and of the share of nonagricultural (sometimes separated into industrial and service sector) output, it is possible to construct a GDP. This value is then divided by the geographical boundary’s population to produce per capita GDP. This is naturally ...
The Curse Of Natural Resources In The Transition
... persists. Sala-i-Martin (1997) tests 62 variables that are suspected to explain GDP growth and finds that the fraction of primary products in exports ranks among the top twenty of them in terms of robustness. Confronted with these empirical findings, economists have developed theories that can expla ...
... persists. Sala-i-Martin (1997) tests 62 variables that are suspected to explain GDP growth and finds that the fraction of primary products in exports ranks among the top twenty of them in terms of robustness. Confronted with these empirical findings, economists have developed theories that can expla ...
Division of Labor and Economic Growth: from Adam Smith to Paul
... by the division of labor. As is well known, this was one of the main contributions of Adam Smith’s Wealth of Nations, published in 1776. It was Romer (1987 and 1989) himself that reproposed this theory in the form of a particular endogenous growth model (see also Barro and Sala-i-Martin, 1995, Ch. V ...
... by the division of labor. As is well known, this was one of the main contributions of Adam Smith’s Wealth of Nations, published in 1776. It was Romer (1987 and 1989) himself that reproposed this theory in the form of a particular endogenous growth model (see also Barro and Sala-i-Martin, 1995, Ch. V ...
ELEMENTARY ECONOMICS
... As he saw it, markets were efficient mechanisms for deciding what goods to produce, how to produce them, and what wages to pay. The term laissez faire (of Adam Smith) means "let it be," that is, keep government from interfering with the economy, because such interference will disturb the efficient w ...
... As he saw it, markets were efficient mechanisms for deciding what goods to produce, how to produce them, and what wages to pay. The term laissez faire (of Adam Smith) means "let it be," that is, keep government from interfering with the economy, because such interference will disturb the efficient w ...
M.Sc. Economics
... Module 2: Role of Markets, their Functioning and Welfare Markets and competition – determinants of individual demand/supply, demand/supply schedule and demand/supply curve, market versus individual demand/supply, shifts in the demand/supply curve – demand and supply together – how prices allocate re ...
... Module 2: Role of Markets, their Functioning and Welfare Markets and competition – determinants of individual demand/supply, demand/supply schedule and demand/supply curve, market versus individual demand/supply, shifts in the demand/supply curve – demand and supply together – how prices allocate re ...
Regional Economic Diversity: Action, Concept
... (1988) state that “diversity is expected to increase the stability of local economies and enhance their potential for growth.” More recently, Akpadock (1996) reiterated the same policy that communities “diversify their economic base so that they could survive any future structural changes in the nat ...
... (1988) state that “diversity is expected to increase the stability of local economies and enhance their potential for growth.” More recently, Akpadock (1996) reiterated the same policy that communities “diversify their economic base so that they could survive any future structural changes in the nat ...
Are We Consuming Too Much?
... contributions of ecosystem services such as water purification, flood control, climate stabilization, pollination of crops, control of agricultural pests and the generation and maintenance of soil fertility (Daily, 1997); or they may be both (a wetland). Measuring these services is no easy task. Ano ...
... contributions of ecosystem services such as water purification, flood control, climate stabilization, pollination of crops, control of agricultural pests and the generation and maintenance of soil fertility (Daily, 1997); or they may be both (a wetland). Measuring these services is no easy task. Ano ...
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Nova Layout [7x10] - ART
... and the development of fiscal rules at EU level. Italy was no exception. Since the whole area is also facing low rates of economic growth it is widely recognized that a sustained growth in spending would improve the EU’s growth potential as well. As a consequence, most European countries are develop ...
... and the development of fiscal rules at EU level. Italy was no exception. Since the whole area is also facing low rates of economic growth it is widely recognized that a sustained growth in spending would improve the EU’s growth potential as well. As a consequence, most European countries are develop ...
View/Open
... (1988) state that “diversity is expected to increase the stability of local economies and enhance their potential for growth.” More recently, Akpadock (1996) reiterated the same policy that communities “diversify their economic base so that they could survive any future structural changes in the nat ...
... (1988) state that “diversity is expected to increase the stability of local economies and enhance their potential for growth.” More recently, Akpadock (1996) reiterated the same policy that communities “diversify their economic base so that they could survive any future structural changes in the nat ...
NBER WORKING PAPER SERIES THE WEITZMAN MODEL REVISITED
... The introduction of technical change into the analysis of welfare allows us to examine another important issue. There has been a debate in the literature on income measurement as to whether capital gains and losses should be included or excluded from net income (see, for example, Eisner 1988). Sefto ...
... The introduction of technical change into the analysis of welfare allows us to examine another important issue. There has been a debate in the literature on income measurement as to whether capital gains and losses should be included or excluded from net income (see, for example, Eisner 1988). Sefto ...
Economic Growth and Energy
... natural scientists and some ecological economists have placed a very heavy emphasis on the role of energy and its availability in the economic production and growth processes. The first law of thermodynamics (the conservation law) implies the mass-balance principle. In order to obtain a given materi ...
... natural scientists and some ecological economists have placed a very heavy emphasis on the role of energy and its availability in the economic production and growth processes. The first law of thermodynamics (the conservation law) implies the mass-balance principle. In order to obtain a given materi ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... human capital, I cannot expect you to take that into account when you decide how much education and training to undertake—and vice versa. So if we make individual decisions about the time and money we spend on education and training, we are likely to underinvest. It follows, from Lucas’s analysis of ...
... human capital, I cannot expect you to take that into account when you decide how much education and training to undertake—and vice versa. So if we make individual decisions about the time and money we spend on education and training, we are likely to underinvest. It follows, from Lucas’s analysis of ...
PDF of this page - UIS Catalog
... system, allocation of economic resources, cost and production of private firms, various market structures, prices of economic resources, and some issues related to welfare economics. Course Information: This course fulfills a general education requirement at UIS in the area of Social and Behavioral ...
... system, allocation of economic resources, cost and production of private firms, various market structures, prices of economic resources, and some issues related to welfare economics. Course Information: This course fulfills a general education requirement at UIS in the area of Social and Behavioral ...
PDF of this page - UIS Catalog
... Provides students with fundamental issues related to the market price system, allocation of economic resources, cost and production of private firms, various market structures, prices of economic resources, and some issues related to welfare economics. Course Information: This course fulfills a gene ...
... Provides students with fundamental issues related to the market price system, allocation of economic resources, cost and production of private firms, various market structures, prices of economic resources, and some issues related to welfare economics. Course Information: This course fulfills a gene ...
INF
... introducing from one side some conditions: 1) rapid productivity growth 2) dynamic economies of scale 3) modernization of technologies 4) structural change On the other side he defines the necessary characteristics for catching-up: 1) social capability (competences, education, institutions, firms) 2 ...
... introducing from one side some conditions: 1) rapid productivity growth 2) dynamic economies of scale 3) modernization of technologies 4) structural change On the other side he defines the necessary characteristics for catching-up: 1) social capability (competences, education, institutions, firms) 2 ...
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... ogous to gross domestic product (GDP), measures factor incomes derived from production within a state. We deflate the nominal figures by the aggregate GSP deflator for the year. (This deflator is close to that for U.S. GDP.) Since we use a common deflator for each state at a point in time, the parti ...
... ogous to gross domestic product (GDP), measures factor incomes derived from production within a state. We deflate the nominal figures by the aggregate GSP deflator for the year. (This deflator is close to that for U.S. GDP.) Since we use a common deflator for each state at a point in time, the parti ...
Convergence The Harvard community has made this article openly
... ogous to gross domestic product (GDP), measures factor incomes derived from production within a state. We deflate the nominal figures by the aggregate GSP deflator for the year. (This deflator is close to that for U.S. GDP.) Since we use a common deflator for each state at a point in time, the parti ...
... ogous to gross domestic product (GDP), measures factor incomes derived from production within a state. We deflate the nominal figures by the aggregate GSP deflator for the year. (This deflator is close to that for U.S. GDP.) Since we use a common deflator for each state at a point in time, the parti ...