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... moving average of labor-productivity growth. Table 1 shows a simple regression with two breaks in trend, one in 1973 and the second in 1995. Four points are worth noting. First, the labor-productivity growth data do not show dramatic and obvious breaks in trend. Labor productivity began deterioratin ...
... moving average of labor-productivity growth. Table 1 shows a simple regression with two breaks in trend, one in 1973 and the second in 1995. Four points are worth noting. First, the labor-productivity growth data do not show dramatic and obvious breaks in trend. Labor productivity began deterioratin ...
Geoff Tily, Another “Useful Fiction”?
... (Tily 2007). In particular, I have suggested that IS-LM and its associated fiscal policy conclusions may have gained prominence because of an unwillingness to accept Keynes’s main policy conclusions concerning monetary policy. I have argued that these conclusions were very far reaching. In most gene ...
... (Tily 2007). In particular, I have suggested that IS-LM and its associated fiscal policy conclusions may have gained prominence because of an unwillingness to accept Keynes’s main policy conclusions concerning monetary policy. I have argued that these conclusions were very far reaching. In most gene ...
the interaction of resource and labour productivity
... Although capital productivity is an important driver of economic growth, this scoping study focuses on the role of resource and labour productivity. From a supply-side perspective, long-term economic growth is on the one hand determined by an increase in working population and/or rising labour produ ...
... Although capital productivity is an important driver of economic growth, this scoping study focuses on the role of resource and labour productivity. From a supply-side perspective, long-term economic growth is on the one hand determined by an increase in working population and/or rising labour produ ...
Sources of Workers´ Power, Grith Andersen
... associational power might not be applicable to all categories of worker in the same way. The first part of the problem statement aims to initiate a reflection process which critically evaluate the explanatory power of the different theoretical concepts in the framework, when it is applied to a diffe ...
... associational power might not be applicable to all categories of worker in the same way. The first part of the problem statement aims to initiate a reflection process which critically evaluate the explanatory power of the different theoretical concepts in the framework, when it is applied to a diffe ...
New Structural Economics
... Singapore; and Taiwan, China—grew in excess of 7 percent annually between the early 1960s and the early 1990s, demonstrating that it is possible to maintain impressive growth rates and to close the gap with advanced economies. More recently, growth in several large economies, such as China, Brazil, ...
... Singapore; and Taiwan, China—grew in excess of 7 percent annually between the early 1960s and the early 1990s, demonstrating that it is possible to maintain impressive growth rates and to close the gap with advanced economies. More recently, growth in several large economies, such as China, Brazil, ...
The new structural economics. A framework for rethinking
... Singapore; and Taiwan, China—grew in excess of 7 percent annually between the early 1960s and the early 1990s, demonstrating that it is possible to maintain impressive growth rates and to close the gap with advanced economies. More recently, growth in several large economies, such as China, Brazil, ...
... Singapore; and Taiwan, China—grew in excess of 7 percent annually between the early 1960s and the early 1990s, demonstrating that it is possible to maintain impressive growth rates and to close the gap with advanced economies. More recently, growth in several large economies, such as China, Brazil, ...
Economics
... Higher education is a catalyst in shaping the development of human resources and in human capital formation. With the broadening of the concept of ‘capital’, the possibility of using expenditure on higher education as an ‘investment’ towards promoting growth through better quality human capital is w ...
... Higher education is a catalyst in shaping the development of human resources and in human capital formation. With the broadening of the concept of ‘capital’, the possibility of using expenditure on higher education as an ‘investment’ towards promoting growth through better quality human capital is w ...
From Political Economy to Economics
... economic and the non-economic, to incorporate the social and the psychological into their analyses, and to move from historical narrative to theoretical discourse without apology. Indeed, for most classical writers, especially Smith, Mill and Marx, political economy was seen as a unified social scien ...
... economic and the non-economic, to incorporate the social and the psychological into their analyses, and to move from historical narrative to theoretical discourse without apology. Indeed, for most classical writers, especially Smith, Mill and Marx, political economy was seen as a unified social scien ...
NBER WORKING PAPER SERIES EMERGING MARKETS: THE FINANCIAL MECHANICS
... that limits their ability to borrow and a standard short-selling constraint on their equity holdings. The second set of agents is represented by the rest of the world, which is in turn made of two entities: a global credit market, in which one-period bonds are traded and the world’s real interest ra ...
... that limits their ability to borrow and a standard short-selling constraint on their equity holdings. The second set of agents is represented by the rest of the world, which is in turn made of two entities: a global credit market, in which one-period bonds are traded and the world’s real interest ra ...
- Strathprints - University of Strathclyde
... rate of interest—the supposed role of which was to equate saving and investment— and the ‘money’ or actual ‘market’ rate as institutionally set by the banking system. If, as Sraffa revealed, there exist as many natural rates as commodities traded, and in disequilibrium conditions these may all be di ...
... rate of interest—the supposed role of which was to equate saving and investment— and the ‘money’ or actual ‘market’ rate as institutionally set by the banking system. If, as Sraffa revealed, there exist as many natural rates as commodities traded, and in disequilibrium conditions these may all be di ...
Tinbergen`s business cycle analysis
... call upon government for advice, or – twisting and turning on our bed of pain – demand reforms that are sometimes absurd, which are always regarded as cure-alls and are only a pretext for showing our discontent. The ill-advised and dangerous habit of attributing every good to government during years ...
... call upon government for advice, or – twisting and turning on our bed of pain – demand reforms that are sometimes absurd, which are always regarded as cure-alls and are only a pretext for showing our discontent. The ill-advised and dangerous habit of attributing every good to government during years ...
Restoring Balance in Laguna Lake Region
... surrounding provinces, cities and towns…with due regard and adequate provisions for environmental management and control, preservation of the quality of human life and ecological systems, and the prevention of undue ecological disturbances, deterioration and pollution.” It also reflects the wisdom o ...
... surrounding provinces, cities and towns…with due regard and adequate provisions for environmental management and control, preservation of the quality of human life and ecological systems, and the prevention of undue ecological disturbances, deterioration and pollution.” It also reflects the wisdom o ...
NBER WORKING PAPER SERIES LIQUIDITY TRAPS AND EXPECTATION DYNAMICS:
... In the Phillip’s curve relationship (15) one might wonder why in‡ation does not also depend directly on the expected future aggregate in‡ation rate.6 Equation (10) is obtained from the …rst-order conditions using (3) to eliminate relative prices. Because of the representative agent assumption, each ...
... In the Phillip’s curve relationship (15) one might wonder why in‡ation does not also depend directly on the expected future aggregate in‡ation rate.6 Equation (10) is obtained from the …rst-order conditions using (3) to eliminate relative prices. Because of the representative agent assumption, each ...
guns, butter, leon keyserling, the afl-cio, and the - The Keep
... outsider from the academically-‐orientated world of most economists. A native of South Carolina, he studied briefly under Rexford Tugwell and Richard T. Ely at Columbia University in the 1920s. But Keyserlin ...
... outsider from the academically-‐orientated world of most economists. A native of South Carolina, he studied briefly under Rexford Tugwell and Richard T. Ely at Columbia University in the 1920s. But Keyserlin ...
and print the entire Autumn 2010 Issue
... The problem of knowledge, which can briefly be formulated as “How do we know what we know?”, arises, as all other inquiries concerning human understanding, when the human mind turns back upon itself and reflects on its own operations. The genesis of the problem, however, does not necessarily prescri ...
... The problem of knowledge, which can briefly be formulated as “How do we know what we know?”, arises, as all other inquiries concerning human understanding, when the human mind turns back upon itself and reflects on its own operations. The genesis of the problem, however, does not necessarily prescri ...
free sample here
... download instant at www.easysemester.com 65) ITX Enterprises, an electronics firm, plans to open a new manufacturing facility. Managers are considering building the new plant in Canada. Which of the following is a risk associated with a Canadian expansion? A) unstable federal and state governments ...
... download instant at www.easysemester.com 65) ITX Enterprises, an electronics firm, plans to open a new manufacturing facility. Managers are considering building the new plant in Canada. Which of the following is a risk associated with a Canadian expansion? A) unstable federal and state governments ...
Homo Economicus Goes to War - UCLA Division of Social Sciences
... enduring classics such as Wolf (1969), Moore (1967), and Scott (1976). But both development economics and development studies in general were largely silent on the subject during the later 1970s and the 1980s, for whatever reason, though the overwhelming ideological hold of the Cold War doubtless ha ...
... enduring classics such as Wolf (1969), Moore (1967), and Scott (1976). But both development economics and development studies in general were largely silent on the subject during the later 1970s and the 1980s, for whatever reason, though the overwhelming ideological hold of the Cold War doubtless ha ...
Informal Economy Literature Review
... Cichy, 1986), and the informal economy (McCrohan & Smith, 1986). The popular media uses terms such as invisible, hidden, submerged, shadow, irregular, non-official, unrecorded, or clandestine (U.S. Department of Labor, 1992). The common thread is that these activities are not recorded or imperfectly ...
... Cichy, 1986), and the informal economy (McCrohan & Smith, 1986). The popular media uses terms such as invisible, hidden, submerged, shadow, irregular, non-official, unrecorded, or clandestine (U.S. Department of Labor, 1992). The common thread is that these activities are not recorded or imperfectly ...