Bureaucratic Corruption and Endogenous Economic Growth Isaac
... it involves transfer payments from bribe payers to bureaucrats. Moreover, bribes can ameliorate the deadweight cost of government intervention by directing scarce resources toward higher bidders (Leff 1964; Lui 1985). However, since bureaucratic power holds the promise of economic rents through corr ...
... it involves transfer payments from bribe payers to bureaucrats. Moreover, bribes can ameliorate the deadweight cost of government intervention by directing scarce resources toward higher bidders (Leff 1964; Lui 1985). However, since bureaucratic power holds the promise of economic rents through corr ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... general theory of social change into which the concept of group subordination fits, and to study the relationship of group subordination to the beginning of economic growth in England, Japan, and Colombia. Similar studies in other countries are possible. Even though research economists may not wish ...
... general theory of social change into which the concept of group subordination fits, and to study the relationship of group subordination to the beginning of economic growth in England, Japan, and Colombia. Similar studies in other countries are possible. Even though research economists may not wish ...
Principles of Economics Third Edition by Fred Gottheil
... • Buoyed by this growth in sales, firms expect growth to continue and increase investment spending accordingly. This creates the upward phase of the business cycle. Gottheil - Principles of Economics, 4e © 2005 Thomson ...
... • Buoyed by this growth in sales, firms expect growth to continue and increase investment spending accordingly. This creates the upward phase of the business cycle. Gottheil - Principles of Economics, 4e © 2005 Thomson ...
Macroeconomic Policies and Business Cycles in Nigeria
... forecasting. The stylized facts illustrate how the model mimic the model economy or to what extent the model could be used in policy making. The main facts which business cycle models suggest from the literature include the following that real GDP is persistent; all component of spending are pro-cyc ...
... forecasting. The stylized facts illustrate how the model mimic the model economy or to what extent the model could be used in policy making. The main facts which business cycle models suggest from the literature include the following that real GDP is persistent; all component of spending are pro-cyc ...
The relationship between population growth and living standards:
... death and birth rates to low levels but also a set of transitions each having certain consequences such as transition in health and mortality levels followed by fertility transition, which predicts age transition (Weeks, 2008, p.98). Massive growth of population leads to migration transition followe ...
... death and birth rates to low levels but also a set of transitions each having certain consequences such as transition in health and mortality levels followed by fertility transition, which predicts age transition (Weeks, 2008, p.98). Massive growth of population leads to migration transition followe ...
Exercise 6 (+additional question) in Mankiw - IEI
... A. Derive the equation describing the labor demand in this economy as a function of the real wage and the capital stock. B. If the real wage can adjust to equilibrate labor supply and labor demand, what is the real wage? In this equilibrium, what is employment, output, and the total amount earned by ...
... A. Derive the equation describing the labor demand in this economy as a function of the real wage and the capital stock. B. If the real wage can adjust to equilibrate labor supply and labor demand, what is the real wage? In this equilibrium, what is employment, output, and the total amount earned by ...
Aalborg Universitet From user-producer relations to the learning economy Johnson, Bjørn Harold
... Especially in a country like Denmark, which does not have much science-based production and only few big firms but, still, enjoys relatively high income, it is important to have a broad innovation concept. Good economic performance in a period of increasing international competition might be rooted ...
... Especially in a country like Denmark, which does not have much science-based production and only few big firms but, still, enjoys relatively high income, it is important to have a broad innovation concept. Good economic performance in a period of increasing international competition might be rooted ...
Growth Driven by Fast Variables and Slow Variables
... identify the forks ahead, we can get rid of “middle-income trap” in the mid run and avoid repeating the mistakes of Japan in the long run. Time is limited. During the evolvement from old normal to new normal, economic slowdown is fast variable, and the future driving forces are mostly slow variables ...
... identify the forks ahead, we can get rid of “middle-income trap” in the mid run and avoid repeating the mistakes of Japan in the long run. Time is limited. During the evolvement from old normal to new normal, economic slowdown is fast variable, and the future driving forces are mostly slow variables ...
The Political Economy of National Statistics - Name
... in the Consumer Price Index basket of items whose prices are hedonically adjusted (such as mobile phone handsets and tablets) is less than 5 per 1000 in the UK, while in the US there is no hedonic adjustment for digital consumer goods.17 Price indices, already made complex by hedonic adjustments for ...
... in the Consumer Price Index basket of items whose prices are hedonically adjusted (such as mobile phone handsets and tablets) is less than 5 per 1000 in the UK, while in the US there is no hedonic adjustment for digital consumer goods.17 Price indices, already made complex by hedonic adjustments for ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... revenue model (Johnson, 2010; Osterwalder and Pigneur, 2009). The new utility business model is surrounded by future investment decision, risk, and uncertainty factors. The business model’s basic as compared to traditional (that says r should be greater to k) explains that utility business during it ...
... revenue model (Johnson, 2010; Osterwalder and Pigneur, 2009). The new utility business model is surrounded by future investment decision, risk, and uncertainty factors. The business model’s basic as compared to traditional (that says r should be greater to k) explains that utility business during it ...
Exercise 6 (+additional question) in Mankiw:
... percent, what would happen to the measured output of the economy? Does labor productivity (output per worker) increase, decrease or stay the same? Does total factor productivity (A) increase, decrease, or stay the same? Problem 1B: In year 1, the capital stock was 6, the labor input was 3, and outpu ...
... percent, what would happen to the measured output of the economy? Does labor productivity (output per worker) increase, decrease or stay the same? Does total factor productivity (A) increase, decrease, or stay the same? Problem 1B: In year 1, the capital stock was 6, the labor input was 3, and outpu ...
Supply-Side Economics: Guiding Principles for the Founding Fathers
... rewards to saving, investing, and working for taxable income to decline. Individuals, then, have less incentive to save, invest, and work for taxable income. Consequently, people shift out of these activities into leisure, consumption, tax shelters, and working for nontaxable income. As a result, th ...
... rewards to saving, investing, and working for taxable income to decline. Individuals, then, have less incentive to save, invest, and work for taxable income. Consequently, people shift out of these activities into leisure, consumption, tax shelters, and working for nontaxable income. As a result, th ...
PDF
... Rural communities have small, specialised economies that produce only a fraction of the goods and services their residents want to consume. The small size implies that rural communities cannot produce everything and the requirements of the market to produce efficiently mean that rural areas tend to ...
... Rural communities have small, specialised economies that produce only a fraction of the goods and services their residents want to consume. The small size implies that rural communities cannot produce everything and the requirements of the market to produce efficiently mean that rural areas tend to ...
Natural Resources: What Strategy for Afghanistan?
... sector. Thirdly, rents from natural resources can be distributed through various social transfer programmes or invested in specific activities that generate income to poor households and thus ...
... sector. Thirdly, rents from natural resources can be distributed through various social transfer programmes or invested in specific activities that generate income to poor households and thus ...
INTERPRETATIONS OF THE CLASSICS: THE THEORY OF WAGES
... of employment,’ wages are established at subsistence, acting as a floor. However, even when conditions are favourable to the workers and employers are forced by the scarcity of hands to bid against one another (Smith, 1976: I. viii. 16-17), this leads to high wages, not to indefinitely rising wages. ...
... of employment,’ wages are established at subsistence, acting as a floor. However, even when conditions are favourable to the workers and employers are forced by the scarcity of hands to bid against one another (Smith, 1976: I. viii. 16-17), this leads to high wages, not to indefinitely rising wages. ...
as a PDF
... Adam Smith and John Stuart Mill who dominated English language economics from the 1700s to the 1940s. Krugman lumps all these various types of Classical economists together. For example, he tells the reader that neoClassical economists were economists who “elaborated on the concepts of their “classi ...
... Adam Smith and John Stuart Mill who dominated English language economics from the 1700s to the 1940s. Krugman lumps all these various types of Classical economists together. For example, he tells the reader that neoClassical economists were economists who “elaborated on the concepts of their “classi ...
Factors of Economic Growth in the Transition
... only in determining restructuring outcomes, but also in determining economy-wide performance. Both Winkler and Roland suggest that governments should focus on gradual and strong privatization policies accompanied with adequate corporate governance in order to spur economic growth in transition econo ...
... only in determining restructuring outcomes, but also in determining economy-wide performance. Both Winkler and Roland suggest that governments should focus on gradual and strong privatization policies accompanied with adequate corporate governance in order to spur economic growth in transition econo ...
Chapter 02 - Understanding Economics and How It Affects Business
... study that looks at the behavior of people and organizations in particular markets. 4. “Economics” is sometimes defined as the allocation of scarce resources. 5. RESOURCE DEVELOPMENT is the study of how to increase resources and to create the conditions that will make better use of those resources. ...
... study that looks at the behavior of people and organizations in particular markets. 4. “Economics” is sometimes defined as the allocation of scarce resources. 5. RESOURCE DEVELOPMENT is the study of how to increase resources and to create the conditions that will make better use of those resources. ...
THE DEINDUSTRIAL REVOLUTION: THE RISE AND FALL OF UK
... UK manufacturing represented something more than this, reflecting economic weaknesses and structural imbalances. We argue that in the case of the UK, the relative decline of manufacturing has indeed reflected deep-rooted structural problems. In particular there has been a chronic failure to invest i ...
... UK manufacturing represented something more than this, reflecting economic weaknesses and structural imbalances. We argue that in the case of the UK, the relative decline of manufacturing has indeed reflected deep-rooted structural problems. In particular there has been a chronic failure to invest i ...
