Technological Progress
... costless (and exogenous magic of) technology. This might be important since: Some countries on the balanced growth path seem to have grown at different rates (for example, US labor productivity growth has been faster over the 20th century than British. There have been long periods of relatively slow ...
... costless (and exogenous magic of) technology. This might be important since: Some countries on the balanced growth path seem to have grown at different rates (for example, US labor productivity growth has been faster over the 20th century than British. There have been long periods of relatively slow ...
DEPARTMENT OF ECONOMICS Working Papers
... annual growth rate of per capita income for all low- and middle-income economies combined is both of disappointingly low magnitude and substantially lower than that of high-income economies. It should be further noted that, over this same period, there is a trend of growing disparity in growth perfo ...
... annual growth rate of per capita income for all low- and middle-income economies combined is both of disappointingly low magnitude and substantially lower than that of high-income economies. It should be further noted that, over this same period, there is a trend of growing disparity in growth perfo ...
Chapter # 6
... behavior of personal income, industrial production, and employment. The pattern of industrial production resembles that of the index of coincident indicators. The average data peaks at the NBER business cycle peak, but the trough is some five months behind the NBER trough. The pattern for employment ...
... behavior of personal income, industrial production, and employment. The pattern of industrial production resembles that of the index of coincident indicators. The average data peaks at the NBER business cycle peak, but the trough is some five months behind the NBER trough. The pattern for employment ...
National Bank of the Republic of Macedonia
... proposed by Tanzi (1980), who estimated the underground economy in the US during 19291980. This method builds on earlier work of Cagan (1958) and Gutmann (1977). It assumes that people that engage in the informal economy would prefer to use cash, in order to avoid leaving traces. The essence of the ...
... proposed by Tanzi (1980), who estimated the underground economy in the US during 19291980. This method builds on earlier work of Cagan (1958) and Gutmann (1977). It assumes that people that engage in the informal economy would prefer to use cash, in order to avoid leaving traces. The essence of the ...
QLD State Budget 2009/10
... EXPLOITING NEW OPPORTUNITIES WILL LEAD TO PNG STRENGTHENING RELATIONS WITH MAJOR TRADING PARTNERS OTHER THAN AUSTRALIA ...
... EXPLOITING NEW OPPORTUNITIES WILL LEAD TO PNG STRENGTHENING RELATIONS WITH MAJOR TRADING PARTNERS OTHER THAN AUSTRALIA ...
Population Growth and Economic Growth in
... High rate of population growth today is the outcome from a difference between the birth rate and the death rate. A simple logic about this difference is the death rate is smaller than the birth rate, leading to the rapid increase of population around the world. In the past time, the birth rates and ...
... High rate of population growth today is the outcome from a difference between the birth rate and the death rate. A simple logic about this difference is the death rate is smaller than the birth rate, leading to the rapid increase of population around the world. In the past time, the birth rates and ...
economic disruption, malthusian fertility, and economic growth
... as a base year, while Figure 2 plots the GDP for the United States and Germany during 1929-37, using 1929 as a base year. The depression in Poland, though deeper than the one in Russia during the first two years, was not as severe as the depressions in the other three countries. The Polish trough, ...
... as a base year, while Figure 2 plots the GDP for the United States and Germany during 1929-37, using 1929 as a base year. The depression in Poland, though deeper than the one in Russia during the first two years, was not as severe as the depressions in the other three countries. The Polish trough, ...
View 2013-14 Kauai Economic Forecast (pdf
... tend to spend less. For example, as of June 2013 the average daily spending by all visitors to Kauai was $168 compared to $197 for the state as a whole and $210 for Oahu. Nevertheless, visitor trend numbers for the island evidence tourism’s rebound. Both arrivals and expenditures have been robust ov ...
... tend to spend less. For example, as of June 2013 the average daily spending by all visitors to Kauai was $168 compared to $197 for the state as a whole and $210 for Oahu. Nevertheless, visitor trend numbers for the island evidence tourism’s rebound. Both arrivals and expenditures have been robust ov ...
plantations and regional development
... activity of the export sector can be broken down into three linkage effects: backward linkage, forward linkage, and what shall we call as the final demand linkage. Backward linkage includes the investments to the intermediary inputs, which are mainly for the expansion of the export base. The theory ...
... activity of the export sector can be broken down into three linkage effects: backward linkage, forward linkage, and what shall we call as the final demand linkage. Backward linkage includes the investments to the intermediary inputs, which are mainly for the expansion of the export base. The theory ...
pdf copy of this Policy Study
... know best how to spend the proceeds of their labor. He argued that as citizens sought their own self-interest through production and exchange, they would inevitably benefit society as a whole by efficiently distributing goods and services throughout the economy. At its core, the “invisible hand” is ...
... know best how to spend the proceeds of their labor. He argued that as citizens sought their own self-interest through production and exchange, they would inevitably benefit society as a whole by efficiently distributing goods and services throughout the economy. At its core, the “invisible hand” is ...
15.1 The Evolution of Fiscal Policy Objectives
... aggregate demand. Each round of income and spending increases aggregate spending a little more. The multiplier effect of fiscal policy says that any change in fiscal policy affects aggregate demand by more than the original change in spending or taxing. CONTEMPORARY ECONOMICS ...
... aggregate demand. Each round of income and spending increases aggregate spending a little more. The multiplier effect of fiscal policy says that any change in fiscal policy affects aggregate demand by more than the original change in spending or taxing. CONTEMPORARY ECONOMICS ...
Dictatorship, Interest Groups and Government Predation: The Case
... real urban incomes. Minimum industrial wages and food subsidies, including for the staple mealie-meal, were reduced. Controls on many other basic products were also removed, import controls were dropped and the currency was devalued. The private sector was encouraged to take over provision of servic ...
... real urban incomes. Minimum industrial wages and food subsidies, including for the staple mealie-meal, were reduced. Controls on many other basic products were also removed, import controls were dropped and the currency was devalued. The private sector was encouraged to take over provision of servic ...
Botswana`s Success: Good Governance, Good Policies, and Good
... why it should be thought of as a disease. One reason given is the presence of positive externalities in the declining sector. The declining traded goods sector is thought to have spillover effects that contribute to longrun growth and industrialization. Hence, the real appreciation caused by mineral ...
... why it should be thought of as a disease. One reason given is the presence of positive externalities in the declining sector. The declining traded goods sector is thought to have spillover effects that contribute to longrun growth and industrialization. Hence, the real appreciation caused by mineral ...
- Warwick WRAP
... inquiry and the use of distinct methodological approaches to evaluate these would have been “wholly alien” to him, as William Tabb (1999: 228) points out. To be sure, the disciplinary approach to Smith’s thought ignores the fact that when he addresses a particular sphere of life, such as economic ac ...
... inquiry and the use of distinct methodological approaches to evaluate these would have been “wholly alien” to him, as William Tabb (1999: 228) points out. To be sure, the disciplinary approach to Smith’s thought ignores the fact that when he addresses a particular sphere of life, such as economic ac ...
Sri Lanka is a small island , about 270 miles long and 150 miles as
... During the first decade after independence in 1948, Sri Lanka continued as an open economy with relatively minor trade or exchange rate restrictions and liberal domestic policies. State led Import substituting Industrialisation strategy was initiated from late 1950s, following BOP difficulties and a ...
... During the first decade after independence in 1948, Sri Lanka continued as an open economy with relatively minor trade or exchange rate restrictions and liberal domestic policies. State led Import substituting Industrialisation strategy was initiated from late 1950s, following BOP difficulties and a ...
CHAPTER 1 TOWARD ENDOGENOUS ECONOMIC GROWTH
... adoption, and the rate of dissemination of new knowledge. These two faces of innovation are in turn closely associated with the attitudes of society at large15. Schumpeter introduced the entrepreneur as an innovator who improved growth by efficiently combining resources, adopting new technical enhan ...
... adoption, and the rate of dissemination of new knowledge. These two faces of innovation are in turn closely associated with the attitudes of society at large15. Schumpeter introduced the entrepreneur as an innovator who improved growth by efficiently combining resources, adopting new technical enhan ...
Economics 285 Chris Georges Help With Practice Problems 3
... the following year’s capital stock whereas only 10% of country A’s output is investment goods. Consequently, country B will end up with more capital per worker and thus output per worker than country A in the very long run. We saw above (in part c) that the higher saving rate in country B induces en ...
... the following year’s capital stock whereas only 10% of country A’s output is investment goods. Consequently, country B will end up with more capital per worker and thus output per worker than country A in the very long run. We saw above (in part c) that the higher saving rate in country B induces en ...
a prospectiva tecnológica
... Price is probably the least important point of concern, since it will have only a small consequence on the market acceptance of the particular innovation. Let us recall that innovation – ideas, concepts, mechanisms, services - technology included, must be more efficient than the ideas, concepts, mec ...
... Price is probably the least important point of concern, since it will have only a small consequence on the market acceptance of the particular innovation. Let us recall that innovation – ideas, concepts, mechanisms, services - technology included, must be more efficient than the ideas, concepts, mec ...
Economic Growth and Sustainable Development
... not exist when something desired is in decline. There are examples everywhere: endangered ...
... not exist when something desired is in decline. There are examples everywhere: endangered ...
The Case of Greece (1960-1989), by E. Ioakimoglou and
... It was Gerard Dumenil (1978) who showed that the capital is logically based upon the distinction between internal and external determinations. One understands internal determinations as the necessary relations in a given type of society, which remain unchanged and are constantly present, regardless ...
... It was Gerard Dumenil (1978) who showed that the capital is logically based upon the distinction between internal and external determinations. One understands internal determinations as the necessary relations in a given type of society, which remain unchanged and are constantly present, regardless ...