NBER WORKING PAPER SERIES OF THE CHINESE ECONOMY
... China’s reform-driven transformation to a more market-oriented open economy. The privatization of many state-owned enterprises requires an investment in new organizational capabilities and business models, as does progress along the global value chain to a more knowledge-intensive economy. Though th ...
... China’s reform-driven transformation to a more market-oriented open economy. The privatization of many state-owned enterprises requires an investment in new organizational capabilities and business models, as does progress along the global value chain to a more knowledge-intensive economy. Though th ...
The long roots of the present crisis
... produced by the latter. Their rate of profit rises but that of the technologically less efficient capitals and of the economy as a whole falls.2 If other capitalists modernize as well, profitability falls consistently. Eventually it will cause a fall in the mass of profit. Then capitalists stop inve ...
... produced by the latter. Their rate of profit rises but that of the technologically less efficient capitals and of the economy as a whole falls.2 If other capitalists modernize as well, profitability falls consistently. Eventually it will cause a fall in the mass of profit. Then capitalists stop inve ...
Preview Sample 1
... Explanation: Scarcity has two powerful effects: It creates competition for resources, and it forces trade-offs on the part of every participant in the economy. Page Ref: 27 Difficulty: Moderate AACSB: Dynamics of the Global Economy Chapter LO: 1 Course LO: Compare and contrast different economic sys ...
... Explanation: Scarcity has two powerful effects: It creates competition for resources, and it forces trade-offs on the part of every participant in the economy. Page Ref: 27 Difficulty: Moderate AACSB: Dynamics of the Global Economy Chapter LO: 1 Course LO: Compare and contrast different economic sys ...
problems and exercises
... C. Assume that neither country experiences population growth or technological progress and that 5 percent of capital depreciates each year. Assume further that country A saves 10 percent of output each year, and country B saves 20 percent of output each year. Find the steady state level of capital p ...
... C. Assume that neither country experiences population growth or technological progress and that 5 percent of capital depreciates each year. Assume further that country A saves 10 percent of output each year, and country B saves 20 percent of output each year. Find the steady state level of capital p ...
Cover Page
... Wachovia Corporation Economics Group publications are distributed by Wachovia Corporation directly and through subsidiaries including, but not limited to, Wachovia Capital Markets, LLC, Wachovia Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are fo ...
... Wachovia Corporation Economics Group publications are distributed by Wachovia Corporation directly and through subsidiaries including, but not limited to, Wachovia Capital Markets, LLC, Wachovia Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are fo ...
Economic theory in the face of the business cycle
... 2. Defining the business cycle Following the classics, the neoclassics were involved only in the supply-side of investing activities, excluding any possibility of a demand too small on a global scale. It was generally taken for granted that the mechanisms operating in the economy ensure full emplo ...
... 2. Defining the business cycle Following the classics, the neoclassics were involved only in the supply-side of investing activities, excluding any possibility of a demand too small on a global scale. It was generally taken for granted that the mechanisms operating in the economy ensure full emplo ...
THE LAWS OF RETURNS IN NEOCLASSICAL THEORIES OF GROWTH:
... Decreasing returns to capital will manifest precisely because, in order to use these increments of the capital stock, it will be necessary, over time, to move towards techniques that use relatively more capital and less labour, which will end up progressively increasing the capital-output ratio and ...
... Decreasing returns to capital will manifest precisely because, in order to use these increments of the capital stock, it will be necessary, over time, to move towards techniques that use relatively more capital and less labour, which will end up progressively increasing the capital-output ratio and ...
Sources of Economic Growth and Stagnation in Iran
... presented at the very aggregate level. A simple growth accounting framework is used to identify the major sources of economic growth in Iran. The results show that lower TFP growth rates (actually negative) are responsible for a large part of the difference in economic performance in pre- and post-1 ...
... presented at the very aggregate level. A simple growth accounting framework is used to identify the major sources of economic growth in Iran. The results show that lower TFP growth rates (actually negative) are responsible for a large part of the difference in economic performance in pre- and post-1 ...
The Effect of Macroeconomic Instability on Economic Growth in Iran
... demand will have increasing impact on the national production. The outcomes of increasing coefficients will be more limited when workers receive unemployment compensation benefits and when their disposable income is reduced by less than the lost gain. Although stabilizers have favorable consequences ...
... demand will have increasing impact on the national production. The outcomes of increasing coefficients will be more limited when workers receive unemployment compensation benefits and when their disposable income is reduced by less than the lost gain. Although stabilizers have favorable consequences ...
Economics v. 2016
... Competition—the struggle among sellers to attract consumers; Fixed Income—income that does not increase over time; Market Economy—economic system in which supply, demand Vocabulary: and the price system help people allocate resources and make the what, how and for whom to produce decisions; same as ...
... Competition—the struggle among sellers to attract consumers; Fixed Income—income that does not increase over time; Market Economy—economic system in which supply, demand Vocabulary: and the price system help people allocate resources and make the what, how and for whom to produce decisions; same as ...
Post Walrasian Macroeconomics and IS/LM Analysis
... the time it takes to change my broadly defined concept of institutions and conventions. They are instead assuming a fixed institutional structure—usually a perfectly competitive institutional structure—and talking about the time it takes to change the capital within that institutional structure. Fro ...
... the time it takes to change my broadly defined concept of institutions and conventions. They are instead assuming a fixed institutional structure—usually a perfectly competitive institutional structure—and talking about the time it takes to change the capital within that institutional structure. Fro ...
The division of labor and economic development
... 1995), while others have focused on externalities (e.g., Lucas, 1990) and yet others have stressed differences in economic policy (e.g., Parente and Prescott, 1994; Sachs and Warner, 1995). This paper considers another possible explanation: it builds a model to show how an economy with a low divisio ...
... 1995), while others have focused on externalities (e.g., Lucas, 1990) and yet others have stressed differences in economic policy (e.g., Parente and Prescott, 1994; Sachs and Warner, 1995). This paper considers another possible explanation: it builds a model to show how an economy with a low divisio ...
Economic Development - Department of Higher Education
... human capital and improving its technology." At the local level, the term is brought to a more reachable level. For example the UrbanPlan curriculum states: "Economic development—A term generally applied to the expansion of a community‘s property and sales tax base or the expansion of the number of ...
... human capital and improving its technology." At the local level, the term is brought to a more reachable level. For example the UrbanPlan curriculum states: "Economic development—A term generally applied to the expansion of a community‘s property and sales tax base or the expansion of the number of ...
17 open economy
... transportation are small, the price of the same good in different countries should be roughly the same. purchasing-power-parity theory A theory of international exchange holding that exchange rates are set so that the price of similar goods in different countries is the same. A high rate of inflatio ...
... transportation are small, the price of the same good in different countries should be roughly the same. purchasing-power-parity theory A theory of international exchange holding that exchange rates are set so that the price of similar goods in different countries is the same. A high rate of inflatio ...
Education and the Knowledge Based Economy
... Kok (2004) that the ambition of the EU’s Lisbon Agenda to make the European Union the most competitive KBE in the world by 2010 was not on course to realisation, they also comment on its effectivity. Some contributions also discuss alternative discourses, such as the knowledge society (Nokkala) and ...
... Kok (2004) that the ambition of the EU’s Lisbon Agenda to make the European Union the most competitive KBE in the world by 2010 was not on course to realisation, they also comment on its effectivity. Some contributions also discuss alternative discourses, such as the knowledge society (Nokkala) and ...
Economics of Natural Disasters: A Critical Review
... inter-industry relationships. For example, after the Kobe earthquake, one of the critical suppliers to the Toyota Motor Corporation in Japan was severely damaged and could not provide the parts to Toyota. A usual economics response to this type of supply constraints is to find another supplier for t ...
... inter-industry relationships. For example, after the Kobe earthquake, one of the critical suppliers to the Toyota Motor Corporation in Japan was severely damaged and could not provide the parts to Toyota. A usual economics response to this type of supply constraints is to find another supplier for t ...
5.1.3 Net Price and User Cost Applications
... The authors wish to thank Harry Clarke, Geoff Edwards, John Mullen and three very conscientious referees for extensive comments on a disorganised early draft. The quality of the final result owes much to them. As usual, all deficiencies remain the property of the authors. ...
... The authors wish to thank Harry Clarke, Geoff Edwards, John Mullen and three very conscientious referees for extensive comments on a disorganised early draft. The quality of the final result owes much to them. As usual, all deficiencies remain the property of the authors. ...
March 4, 2010 Hon. Dave Cogdill Senator, 14
... Non-Vehicle Energy Efficiencies. Mandated improvements in non-vehicle energy efficiency, such as building and heating standards, would reduce household and business utility costs, thereby freeing up resources for other spending priorities that have their own job impacts. Innovation induced by SP act ...
... Non-Vehicle Energy Efficiencies. Mandated improvements in non-vehicle energy efficiency, such as building and heating standards, would reduce household and business utility costs, thereby freeing up resources for other spending priorities that have their own job impacts. Innovation induced by SP act ...