end-game - Tullett Prebon
... weaknesses in the global economy, and took the financial system to the brink of collapse. The Keynesian solutions of the past are no answer to the challenges of the present and the future, not least because it is impossible to borrow one’s way out of a debt problem. Something wholly new will emerge ...
... weaknesses in the global economy, and took the financial system to the brink of collapse. The Keynesian solutions of the past are no answer to the challenges of the present and the future, not least because it is impossible to borrow one’s way out of a debt problem. Something wholly new will emerge ...
Chapter5Gottheil
... produced in the economy gets onto the market, and some things that contribute to our economic well-being aren’t even produced. ...
... produced in the economy gets onto the market, and some things that contribute to our economic well-being aren’t even produced. ...
The Imperialism of Economics Over Ethics
... genesis as an offshoot of ethics.6 At the time of its inception, then, the language of economics was comprised of normative elements. Nevertheless, over time, economics came to be considered an autonomous science, and its language and value judgments become increasingly more “positive.” This dissoci ...
... genesis as an offshoot of ethics.6 At the time of its inception, then, the language of economics was comprised of normative elements. Nevertheless, over time, economics came to be considered an autonomous science, and its language and value judgments become increasingly more “positive.” This dissoci ...
NBER WORKING PAPER SERIES IDEAS AND EDUCATION: LEVEL OR GROWTH EFFECTS? Steve Dowrick
... from the accumulation of objects. It is worthwhile considering each of them in turn. Complementarity of investment Complementarity arises when your investment increases the return (monetary and/or psychic) to my investment. This may occur when we invest in activities that exhibit network externaliti ...
... from the accumulation of objects. It is worthwhile considering each of them in turn. Complementarity of investment Complementarity arises when your investment increases the return (monetary and/or psychic) to my investment. This may occur when we invest in activities that exhibit network externaliti ...
Make Your Publication Visible
... Turnovsky (2004) opined that within theories of economic growth and development, fiscal policy changes can have growth impact that last for transitions of up to several decades. There is increasing empirical evidence in support of these model predictions. Authors such as Aschauer (2000), Milbourne ...
... Turnovsky (2004) opined that within theories of economic growth and development, fiscal policy changes can have growth impact that last for transitions of up to several decades. There is increasing empirical evidence in support of these model predictions. Authors such as Aschauer (2000), Milbourne ...
Equilibrium Versus the Invisible Hand
... the invisible hand refers to those forces that pull the individuals in an economy. Seen this way, the two concepts are consistent with each other, and even jointly necessary to have a complete understanding of the way an economy works. How could an economy tend toward equilibrium without forces that ...
... the invisible hand refers to those forces that pull the individuals in an economy. Seen this way, the two concepts are consistent with each other, and even jointly necessary to have a complete understanding of the way an economy works. How could an economy tend toward equilibrium without forces that ...
NBER WORKING PAPER SERIES ON THE BENEFITS OF DOLLARIZATION WHEN
... willingness of borrowers to service mortgages as loan values grew beyond that of home equity. Mexico also entered in recession in 1993, a year before the currency crash, and this combined with the rise in U.S. interest rates may have tigthened borrowing limits and contributed to precipitate both the ...
... willingness of borrowers to service mortgages as loan values grew beyond that of home equity. Mexico also entered in recession in 1993, a year before the currency crash, and this combined with the rise in U.S. interest rates may have tigthened borrowing limits and contributed to precipitate both the ...
Adam Smith`s Legacy: His Place in the Development of Modern
... profession. At the time of Smith’s death, he declared, economics had been in a splendid state, a science not dismal but highly fashionable. Now, despite prodigious output from an over-supply of economists, the returns were diminishing. He put this down to their increased bias towards hypothesis and ...
... profession. At the time of Smith’s death, he declared, economics had been in a splendid state, a science not dismal but highly fashionable. Now, despite prodigious output from an over-supply of economists, the returns were diminishing. He put this down to their increased bias towards hypothesis and ...
Non-Stationarity and Instability in Small Open
... from the unit coefficient on lagged net foreign assets in (7). Temporary innovations have, therefore, permanent effects; the endogenous variables wander arbitrarily far from their starting values. This also means that the unconditional second moments, which are often used in business cycle analysis ...
... from the unit coefficient on lagged net foreign assets in (7). Temporary innovations have, therefore, permanent effects; the endogenous variables wander arbitrarily far from their starting values. This also means that the unconditional second moments, which are often used in business cycle analysis ...
Impact of Global Economic Developments on
... implementing consistent policies that make it easy to do business in the country; and urgently addressing the problem of the unemployed population of Nigerian youths. Being a lead paper delivered at the ASUP National Conference held on Tuesday November 8 and Wednesday 9, 2016 at Kano State Polyt ...
... implementing consistent policies that make it easy to do business in the country; and urgently addressing the problem of the unemployed population of Nigerian youths. Being a lead paper delivered at the ASUP National Conference held on Tuesday November 8 and Wednesday 9, 2016 at Kano State Polyt ...
1. tajikistan in 2030 - UNDG IMS User Guide.pdf
... (2) Industrialization or more efficient use of national resources; (3) Innovation or development through the integration of new developments into country's social and economic mainstreams. Intensively changing geopolitical, geo-economic and technological picture of contemporary world sets an objecti ...
... (2) Industrialization or more efficient use of national resources; (3) Innovation or development through the integration of new developments into country's social and economic mainstreams. Intensively changing geopolitical, geo-economic and technological picture of contemporary world sets an objecti ...
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... five clusters of inventions that occurred during the interval 1860-1900, hereafter to be called the "Great Inventions". In contrast to these earlier inventions, computers differ in the exponential rate of decline in the prices of computer speed and memory, which brings with it a massive substitution ...
... five clusters of inventions that occurred during the interval 1860-1900, hereafter to be called the "Great Inventions". In contrast to these earlier inventions, computers differ in the exponential rate of decline in the prices of computer speed and memory, which brings with it a massive substitution ...
A History of Economic Thought
... allocative properties of a market system, or on problems of unemployment and inflation, to yield identical perspectives. And indeed they do not. One of the fundamental sources of differentiation between the main families of ideas in economics is to be found in the differing themes around which they ...
... allocative properties of a market system, or on problems of unemployment and inflation, to yield identical perspectives. And indeed they do not. One of the fundamental sources of differentiation between the main families of ideas in economics is to be found in the differing themes around which they ...
19.2 Determinants of Economic Growth
... Sustained rapid economic growth is associated with high rates of saving and investment around the world. Investment alone does not guarantee economic growth, which hinges importantly on the quality and the type of investment as well as on investment in human capital and improvements in ...
... Sustained rapid economic growth is associated with high rates of saving and investment around the world. Investment alone does not guarantee economic growth, which hinges importantly on the quality and the type of investment as well as on investment in human capital and improvements in ...
Revisiting the Life Cycle Squeeze
... Wealth cross-sections for late nineteenth century Ontario are used to estimate wealth-age profiles. The results suggest that life-cycle behavior is especially driven by behavior at the middle and lower parts of the wealth distribution. After a period of initial decline, the top decile of the wealth ...
... Wealth cross-sections for late nineteenth century Ontario are used to estimate wealth-age profiles. The results suggest that life-cycle behavior is especially driven by behavior at the middle and lower parts of the wealth distribution. After a period of initial decline, the top decile of the wealth ...
Creative Destruction - Barrow Cadbury Trust
... and business leaders from the 1930s onwards that UK industry was less productive than the United States’, no significant efforts were made to shift towards a mass production approach. Certain UK sectors that did ‘Americanise’ in the 1940s remained competitive, but too many others avoided innovation ...
... and business leaders from the 1930s onwards that UK industry was less productive than the United States’, no significant efforts were made to shift towards a mass production approach. Certain UK sectors that did ‘Americanise’ in the 1940s remained competitive, but too many others avoided innovation ...
labor supply, biased technological change and economic growth
... independent of the producers’ decisions. In our model, any technology can be obtained paying a cost and if the amount of assets is high enough to make technological changes profitable then there exists a positive relation between the amount of assets and the capital intensity of the technology. The ...
... independent of the producers’ decisions. In our model, any technology can be obtained paying a cost and if the amount of assets is high enough to make technological changes profitable then there exists a positive relation between the amount of assets and the capital intensity of the technology. The ...
Agricultural Expansion, Resource Booms and Growth in Latin
... much as the area deforested in Asia and Africa put together. Within Latin America, the main source of total deforestation occurred in South America, around 6.2 million ha annually. But, the fastest rate of deforestation was taking place in Central America and Mexico, with 1.5% of the forests in the ...
... much as the area deforested in Asia and Africa put together. Within Latin America, the main source of total deforestation occurred in South America, around 6.2 million ha annually. But, the fastest rate of deforestation was taking place in Central America and Mexico, with 1.5% of the forests in the ...
Accounting for Breakout in Britain: The Industrial Revolution through
... Industrial Revolution. These generally follow Crafts and Harley but employ improved estimates of factor shares and natural resource growth. The new estimates point to a somewhat larger role for TFP than the most recent estimates put forth by Crafts and Harley. The MSPG estimates presented here also ...
... Industrial Revolution. These generally follow Crafts and Harley but employ improved estimates of factor shares and natural resource growth. The new estimates point to a somewhat larger role for TFP than the most recent estimates put forth by Crafts and Harley. The MSPG estimates presented here also ...
Accounting for Breakout in Britain: The Industrial Revolution through
... Industrial Revolution. These generally follow Crafts and Harley but employ improved estimates of factor shares and natural resource growth. The new estimates point to a somewhat larger role for TFP than the most recent estimates put forth by Crafts and Harley. The MSPG estimates presented here also ...
... Industrial Revolution. These generally follow Crafts and Harley but employ improved estimates of factor shares and natural resource growth. The new estimates point to a somewhat larger role for TFP than the most recent estimates put forth by Crafts and Harley. The MSPG estimates presented here also ...
