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 ...
NBER WORKING PAPER SERIES IDIOSYNCRATIC PRODUCTION RISK, GROWTH AND THE BUSINESS CYCLE
... Idiosyncratic production shocks introduce a risk premium on private equity, which reduces the demand for investment at any given interest rate. Uninsurable income risks also encourage the precautionary supply of savings, implying a lower interest rate in the steady state as compared to complete mark ...
... Idiosyncratic production shocks introduce a risk premium on private equity, which reduces the demand for investment at any given interest rate. Uninsurable income risks also encourage the precautionary supply of savings, implying a lower interest rate in the steady state as compared to complete mark ...
The Economic Impact of Natural Resources Torben K. Mideksa
... expenditures on urban infrastructures, education, health services, and transfers; but no increase in economic and social outcomes, which are supposed to respond to increased spending on urban infrastructures, education, health services, and transfers. It is notable that these more disaggregated stud ...
... expenditures on urban infrastructures, education, health services, and transfers; but no increase in economic and social outcomes, which are supposed to respond to increased spending on urban infrastructures, education, health services, and transfers. It is notable that these more disaggregated stud ...
ECONOMIC DIP, DECLINE OR DOWNTURN? AN EXAMINATION OF
... Furthermore, if the critical cause of a recession is considered to be unemployment, then there exists a risk that the government would seek to minimise unemployment statistics without addressing the primary problems in the economy, instead manipulating data or replacing social security with governme ...
... Furthermore, if the critical cause of a recession is considered to be unemployment, then there exists a risk that the government would seek to minimise unemployment statistics without addressing the primary problems in the economy, instead manipulating data or replacing social security with governme ...
Financialization and the Crises of Capitalism
... Marxian crisis theories address the variables in the circuits of capital framework as well as the institutional foundations of the circuits (Crotty 1986; Evans 2004; Kenway 1983). There are three major mechanisms, which supposedly lead to a crisis: The first mechanism relates to the ‘law of the ten ...
... Marxian crisis theories address the variables in the circuits of capital framework as well as the institutional foundations of the circuits (Crotty 1986; Evans 2004; Kenway 1983). There are three major mechanisms, which supposedly lead to a crisis: The first mechanism relates to the ‘law of the ten ...
The Wheat Boom and Economic Prosperity in Early 20th Century
... Fowke, by contrast, believed the creation of the establishment prairie wheat economy in the early 20th "was accompanied by tremendous expansion throughout the entire Canadian economy and was an integral part of a complex of dynamic forces which pervaded the western world" (1957, p. 70). W.A. Mackint ...
... Fowke, by contrast, believed the creation of the establishment prairie wheat economy in the early 20th "was accompanied by tremendous expansion throughout the entire Canadian economy and was an integral part of a complex of dynamic forces which pervaded the western world" (1957, p. 70). W.A. Mackint ...
Household Borrowing and the Possibility of “Consumption-Driven, Profit-Led Growth” WORKING PAPER 2016-01
... wage-led or profit-led – given the appropriate form of the investment function.2 The modifications to the investment function required to effect this synthesis of Classical/Cambridge and Kalecki-Steindl growth theory have not met with universal approval.3 . But the possibility that growth may be ei ...
... wage-led or profit-led – given the appropriate form of the investment function.2 The modifications to the investment function required to effect this synthesis of Classical/Cambridge and Kalecki-Steindl growth theory have not met with universal approval.3 . But the possibility that growth may be ei ...
bachelor of arts in economics
... Economics is about economizing; that is, about choice among alternative uses of scarce resources. Choices are made by millions of individuals, businesses, and government units. Economics examines how these choices add up to an economic system, and how this system operates. (L.G. Reynolds). Pangasi ...
... Economics is about economizing; that is, about choice among alternative uses of scarce resources. Choices are made by millions of individuals, businesses, and government units. Economics examines how these choices add up to an economic system, and how this system operates. (L.G. Reynolds). Pangasi ...
Download Full Article
... Problems Identification of Creative Economy Business Actors of… need several contributing factors, including the direction of educational, rewards the creative people, as well as creating a conducive business climate.Florida (2004) predicted that places and cities are able to create innovative new ...
... Problems Identification of Creative Economy Business Actors of… need several contributing factors, including the direction of educational, rewards the creative people, as well as creating a conducive business climate.Florida (2004) predicted that places and cities are able to create innovative new ...
Macroeconomic Theory and Policy
... were perfectly flexible. Foreign trade and payment were arranged under the selfcorrecting mechanism of the gold standard system. Quantity theory of money postulated a direct and proportional link between money supply and price level leaving no role for a monetary policy in determining real output, e ...
... were perfectly flexible. Foreign trade and payment were arranged under the selfcorrecting mechanism of the gold standard system. Quantity theory of money postulated a direct and proportional link between money supply and price level leaving no role for a monetary policy in determining real output, e ...
Keynes`s Theory of Depression
... increased, and partly because, as a rule, pressure on the facilities for producing that type of capital will cause its supply price to increase . . . .” (p. 136) What this means is that firms face simultaneously lower selling prices and rising costs. More net investment leads to lower selling prices ...
... increased, and partly because, as a rule, pressure on the facilities for producing that type of capital will cause its supply price to increase . . . .” (p. 136) What this means is that firms face simultaneously lower selling prices and rising costs. More net investment leads to lower selling prices ...
SCARCITY, CHOICE AND THE PRODUCTION POSSIBILITIES
... The vertical axis represents capital investment in machinery and other physical capital, research and development, and improved technology that makes out existing workers more productive, increasing output per worker. As we move up along this axis our level of investment increases. In order fund th ...
... The vertical axis represents capital investment in machinery and other physical capital, research and development, and improved technology that makes out existing workers more productive, increasing output per worker. As we move up along this axis our level of investment increases. In order fund th ...
course objectives - Master of Public Administration
... confusing, vague, does not cover many essential points. ...
... confusing, vague, does not cover many essential points. ...
Life Cycle Savings, Bequest, and the Diminishing Impact of Scale on
... to fund retirement (i.e., only the life-cycle motive is operative). As a result, the all-important driving force behind capital accumulation becomes wage income; the return to capital does not matter due to the absence of a bequest motive and because preferences are Cobb-Douglas. Increasing the labo ...
... to fund retirement (i.e., only the life-cycle motive is operative). As a result, the all-important driving force behind capital accumulation becomes wage income; the return to capital does not matter due to the absence of a bequest motive and because preferences are Cobb-Douglas. Increasing the labo ...
Document
... • For a country’s long-run growth, education is at least as important as investment in physical capital. • In the United States, each year of schooling raises a person’s wage, on average, by about 10 percent. • Thus, one way the government can enhance the standard of living is to provide schools and ...
... • For a country’s long-run growth, education is at least as important as investment in physical capital. • In the United States, each year of schooling raises a person’s wage, on average, by about 10 percent. • Thus, one way the government can enhance the standard of living is to provide schools and ...
Fall 2011 - Claremont McKenna College
... languishes. Nickelsburg forecasts slow growth statewide until the end of 2012 followed by incipient recovery. California’s unemployment rate could even rise slightly in the near-term with a single-digit rate unlikely before 2014. The director of the Lowe Institute, Marc Weidenmier, succeeded Nickels ...
... languishes. Nickelsburg forecasts slow growth statewide until the end of 2012 followed by incipient recovery. California’s unemployment rate could even rise slightly in the near-term with a single-digit rate unlikely before 2014. The director of the Lowe Institute, Marc Weidenmier, succeeded Nickels ...
Chapter 12 - Production, Income, and Employment
... • An important part of the nation’s capital stock is owned and operated not by business, but by government—federal, state, and local ...
... • An important part of the nation’s capital stock is owned and operated not by business, but by government—federal, state, and local ...
Can the Ecological Price Paid for Economic Growth
... national or regional levels, too. Decoupling is the rate of relative change of both environmentally and economically important variables that are in a relation of cause and effect. The growth of the variable, representing the environmental impact can be compared to the growth rate of GDP at macro or ...
... national or regional levels, too. Decoupling is the rate of relative change of both environmentally and economically important variables that are in a relation of cause and effect. The growth of the variable, representing the environmental impact can be compared to the growth rate of GDP at macro or ...
econ 210: introduction to macroeconomics
... (3 marks) ii) If investment increases by 100, what is the new level of equilibrium national income and consumption expenditure? Graph the equilibrium level of national income. (3 marks) iii) Compute the marginal propensity to consume (MPC) and the interpret your results (2 marks) iv) Define the simp ...
... (3 marks) ii) If investment increases by 100, what is the new level of equilibrium national income and consumption expenditure? Graph the equilibrium level of national income. (3 marks) iii) Compute the marginal propensity to consume (MPC) and the interpret your results (2 marks) iv) Define the simp ...
Rationale Aim Teaching and Learning Strategy Learning Outcomes
... environment and the framework is vital to sound strategic business decision making. You will learn how to apply economists' eyes to see the world at work and understand the relevance of economic principles to everyday life. You need to be equipped with the practical and personal skills necessary to ...
... environment and the framework is vital to sound strategic business decision making. You will learn how to apply economists' eyes to see the world at work and understand the relevance of economic principles to everyday life. You need to be equipped with the practical and personal skills necessary to ...
ECONOMIC SECTOR PERFORMANCE AND GROWTH
... aggregate measures can only provide an incomplete picture of European competitiveness. Competitiveness is a multifaceted target for which no single and fully comprehensive measure exists. The multitude of objectives must be taken into account when striving for a ‘general’ picture (Peneder, 2009). Au ...
... aggregate measures can only provide an incomplete picture of European competitiveness. Competitiveness is a multifaceted target for which no single and fully comprehensive measure exists. The multitude of objectives must be taken into account when striving for a ‘general’ picture (Peneder, 2009). Au ...
private
... • Labor Unions • Need to know unemployment rate and inflation rate when negotiating contracts • COLA's ...
... • Labor Unions • Need to know unemployment rate and inflation rate when negotiating contracts • COLA's ...
Macroeconomic Issues and Policy
... Fiscal Policy: Deficit Targeting • The Gramm-RudmanHollings Bill, passed by the U.S. Congress and signed by President Reagan in 1986, is a law that set out to reduce the federal deficit by $36 billion per year, with a deficit of ...
... Fiscal Policy: Deficit Targeting • The Gramm-RudmanHollings Bill, passed by the U.S. Congress and signed by President Reagan in 1986, is a law that set out to reduce the federal deficit by $36 billion per year, with a deficit of ...