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... Devaluation or depreciation of the domestic currency causes an increase in the domestic (cedi) prices of both imports and exports  If Ghana were to devalue the cedi, there would be an increase in the relative price of tradable goods or a decrease in the relative price of non-tradable goods resultin ...
1 The Epistemic Values of Mainstream Economics Nuno Martins
1 The Epistemic Values of Mainstream Economics Nuno Martins

... In critical realism, the social realm is seen as an emergent, open system, that is, a system in which constant conjunctions of the form “if event X then event Y” are not ubiquitous. Using the critical realist perspective, we can argue that the superstructure, including epistemological conceptions an ...
Economic analysis of sustainability.
Economic analysis of sustainability.

... streams where all generations but i and j have the same wellbeing. When added to our other conditions, this results in lexicographic maximin (or ‘leximin’ ) extended by an overtaking procedure to an infinite number of generations. Leximin gives absolute priority to the worst-off generation, but take ...
Fall 2015 Syllabus - Henry George School of Social Science
Fall 2015 Syllabus - Henry George School of Social Science

... begin with a survey of the structure and dynamics of the center countries. The turbulent dynamics of the system, which express themselves as order generated in-and-through disorder, will be shown to give rise to patterns of recurrence over a wide variety of domains. It will then develop a consistent ...
Open full article - Acta Universitatis Agriculturae et Silviculturae
Open full article - Acta Universitatis Agriculturae et Silviculturae

Convergence?: Inferences from Theoretical Models
Convergence?: Inferences from Theoretical Models

... The introduction of heterogeneous agents into growth models provides a channel through which income distribution a ects economic growth. A large number of theoretical studies have documented the importance of initial conditions with respect to the distribution of income for the evolution of economie ...
How Do We Compare Economies?
How Do We Compare Economies?

... this claim. However, the emergence of similar movements within other religions raises the possibility that the new traditional economy concept could be universal even while differing in significant details across religions. Cold War has given way to Holy War. Even if Fukuyama is right that the socia ...
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Revisiting The First Economic Boom Of Mauritius: The Sugar

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A consensus that the GDP is not a good indicator of

... terms of guidance for their decisions. This is unfortunately true of even the most well-intentioned economists, such as those involved with the activities of the CCPA. Ultimately, the GDP is associated with an attempt to make “the economy” perform; it was developed during the Depression of the 1930s ...
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post-lucas macroeconomics - Centro de Estudios Públicos

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Slide 1

... • We have to be moderate and reasonable in consumption, needs, and accumulations, which is in line with SE. concept. •The peak point of happiness reflect that we should know what level of material accumulation is “enough” or “appropriate” for happy living, middle way of life style that can bring in ...
Large Marine Ecosystems (LMEs): Preserving ocean biodiversity, and marine genetic resources
Large Marine Ecosystems (LMEs): Preserving ocean biodiversity, and marine genetic resources

... “Human dominance of biological, chemical and geological processes on Earth is already an undeniable reality. It’s no longer us against 'Nature.' Instead, it's we who decide what nature is and what it will be.“  This is true for fisheries! ...
Post-Keynesian Institutionalism after the Great Recession
Post-Keynesian Institutionalism after the Great Recession

... explaining business cycles. Brazelton (1981) observed that institutionalists and Post-Keynesians have a common interest in real-world wage and price determination, including the institutional determinants of wages and the macroeconomic significance of mark-up pricing. Keller (1983) added that the tr ...
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Global Economy Ola Persson Writing assignment 3: Problems and

... owned the car during the rental period (The Economist, 2014). Naturally this will have an impact on the willingness to share your car with another (Ibid).Collaborative consumption ...
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Regional Development in the Knowledge

... and that this has involved a Penrose-type metamorphosis entailing a different mode of thinking about economies. Thus the balance between knowledge and resources has shifted so far towards the former that knowledge has become by far the most important factor determining standards of living—more import ...
foreign direct investments in the economic development of romania
foreign direct investments in the economic development of romania

... capital market, the poor development of the banking system (exacerbation of the exchange rate, high inflation, discount rate and bank interest) and the image of Romania as result of its frequently changes in position (giving some facilities for the investors and then withdrawn them);  Changing taxa ...
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FRBSF L CONOMIC

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II P E

... As 1999 unfolded, many Asian economies started to rebound, boosting foreign demand for California goods. Reflecting these improved conditions, California exports increased over 10 percent in the third quarter of 1999 compared to a year earlier, as shipments soared to such countries as South Korea, T ...
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Why do regions develop and change? The challenge for geography

... which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited. ...
Laois and Offaly ETB Laois and Offaly ETB Programme Module for
Laois and Offaly ETB Laois and Offaly ETB Programme Module for

... In this programme module the tutor may cover a number of areas with the learner in order to achieve the above Learning Outcomes – for example: o Define what a market is o Identify a range of market types o Explain how a market operates o Distinguish between Individual demand and market demand o Stat ...
CHAPTER ONE  1. 1   Introduction
CHAPTER ONE 1. 1 Introduction

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Efeitos da política econômica sobre o setor industrial: uma

... private property and confiscatory measures. Each tax itself as well as the the tributary system as a whole become self destructive when they exceed certain limits. The second rule refers to interference through price control. The price control measures aim to set prices, wages and interest rates at ...
Green Economy Initiative - Standard ppt presenation
Green Economy Initiative - Standard ppt presenation

... annum. ● This could generate USD 38 billion (with 15 bn in sub-Saharan Africa). ...
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lecture 1

...  Mugabe backed his supporters takeover of commercial farms, essentially revoking property rights of these farmers  The state resettled the confiscated lands with subsistence ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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