Ecological Economics
... Ecological economists favour a goal of strong sustainability (physical capital cannot substitute for natural capital) and are less concerned to prevent their personal viewpoint from impinging on their analysis. ...
... Ecological economists favour a goal of strong sustainability (physical capital cannot substitute for natural capital) and are less concerned to prevent their personal viewpoint from impinging on their analysis. ...
The US Economy and $150-Per-Barrel Crude Oil
... growth. Subsequently, Hamilton (1983), among many others, documented a negative and significant relation between oil price changes and future GDP growth. But as Hooker (1996) showed, this result breaks down in the data after 1986. In 1986, recall, there was a sharp, unexpected decline in oil prices ...
... growth. Subsequently, Hamilton (1983), among many others, documented a negative and significant relation between oil price changes and future GDP growth. But as Hooker (1996) showed, this result breaks down in the data after 1986. In 1986, recall, there was a sharp, unexpected decline in oil prices ...
lifting the crude oil export ban: the impact on us
... “rising global star” in manufacturing.1 Manufacturing production in the United States grew at a 4 percent annual rate in the first half of 2014, while the overall economy advanced only 1.0 percent. Productivity growth in manufacturing far outpaces that in the overall business sector. Projections for ...
... “rising global star” in manufacturing.1 Manufacturing production in the United States grew at a 4 percent annual rate in the first half of 2014, while the overall economy advanced only 1.0 percent. Productivity growth in manufacturing far outpaces that in the overall business sector. Projections for ...
Implications for the Australian Economy of Strong
... higher tax revenue from the stronger profits in the resource sector has been redistributed to households through income tax cuts and transfers. Another feature of the current terms of trade boom is the greater extent of foreign ownership in the resource sector, with some estimates suggesting that fo ...
... higher tax revenue from the stronger profits in the resource sector has been redistributed to households through income tax cuts and transfers. Another feature of the current terms of trade boom is the greater extent of foreign ownership in the resource sector, with some estimates suggesting that fo ...
Working With Our Basic Aggregate Demand / Supply Model
... Here we illustrate an unanticipated, but temporary, increase in aggregate supply, such as may result from a bumper crop caused by good weather. The increase in aggregate supply (shift to SRAS2) would lead to a lower price level (P95) and an increase in current GDP to Y2. Since the favorable supply c ...
... Here we illustrate an unanticipated, but temporary, increase in aggregate supply, such as may result from a bumper crop caused by good weather. The increase in aggregate supply (shift to SRAS2) would lead to a lower price level (P95) and an increase in current GDP to Y2. Since the favorable supply c ...
DOC - Europa.eu
... Compared to last year, European SMEs are becoming more resource efficient and are contributing substantially to the transition towards a low-carbon economy, according to the results of the 2013 Eurobarometer survey on "SMEs, resource efficiency and green markets" published today. For example, the su ...
... Compared to last year, European SMEs are becoming more resource efficient and are contributing substantially to the transition towards a low-carbon economy, according to the results of the 2013 Eurobarometer survey on "SMEs, resource efficiency and green markets" published today. For example, the su ...
NBER WORKING PAPER SERIES A RESOURCE BELIEF-CURSE? OIL AND INDIVIDUALISM Juan Dubra
... oil.3 However, it is perhaps signi…cant that oil is visible in political debates and occupies a place of some importance in popular imagination (a¤ecting for example, the perception of whether individuals are living in a rich country), so the dynamics a¤ecting oil might be di¤erent than those a¤ect ...
... oil.3 However, it is perhaps signi…cant that oil is visible in political debates and occupies a place of some importance in popular imagination (a¤ecting for example, the perception of whether individuals are living in a rich country), so the dynamics a¤ecting oil might be di¤erent than those a¤ect ...
Are tax rates lower in resource rich states?
... We use a maximized annual panel of U.S. states, 1963-2007. Follow Romer and Romer (2010), and use narrative-based federal tax changes. Look into those shocks identified as exogenous. Main results (following a federal tax increase): (1) Tax rates in resource rich states increase by less. (2) Capital ...
... We use a maximized annual panel of U.S. states, 1963-2007. Follow Romer and Romer (2010), and use narrative-based federal tax changes. Look into those shocks identified as exogenous. Main results (following a federal tax increase): (1) Tax rates in resource rich states increase by less. (2) Capital ...
Chapter 1: The Economic Way of Thinking
... There is private ownership of resources. Markets and prices coordinate and direct economic activity. Each participant acts in his or her own self-interest. In pure capitalism the government plays a very limited role. ...
... There is private ownership of resources. Markets and prices coordinate and direct economic activity. Each participant acts in his or her own self-interest. In pure capitalism the government plays a very limited role. ...
Krugman`s Chapter 20 PPT - Public Goods and Common Resources
... to the problem of a negative externality: the marginal social cost of an individual’s use of a common resource is always higher than his or her individual marginal cost. Pigouvian taxes, the creation of a system of tradable licenses, or the assignment of property rights are possible solutions. ...
... to the problem of a negative externality: the marginal social cost of an individual’s use of a common resource is always higher than his or her individual marginal cost. Pigouvian taxes, the creation of a system of tradable licenses, or the assignment of property rights are possible solutions. ...
The Trade-off between dollar value and oil price on
... Saudi Arabian Monetary Agency’s (SAMA) policy is aimed at long-term stability rather than short-term solutions. Historically, the relative value of the US dollar and the price of oil have been prominent factors in determining the level of Saudi Arabia’s oil exports and public spending. Saudi Arabia’ ...
... Saudi Arabian Monetary Agency’s (SAMA) policy is aimed at long-term stability rather than short-term solutions. Historically, the relative value of the US dollar and the price of oil have been prominent factors in determining the level of Saudi Arabia’s oil exports and public spending. Saudi Arabia’ ...
vsi11 ec Fiaschi 16151107 en
... in the long run. But the waste of resources caused by the social conflict can generate a poverty trap, i.e. countries with a low initial level of capital can be trapped in a low-income equilibrium. The long-run behaviour of economy crucially depends on the quality of institutions: fewer appropriable ...
... in the long run. But the waste of resources caused by the social conflict can generate a poverty trap, i.e. countries with a low initial level of capital can be trapped in a low-income equilibrium. The long-run behaviour of economy crucially depends on the quality of institutions: fewer appropriable ...
The GCC Countries and the World: Scenarios to 2025
... price shock combines with economic weaknesses in the US market to precipitate a global slowdown and a reduction in oil demand over a four year period, dramatically pushing prices down as OPEC is unable to adjust quickly enough in a coordinated fashion. From 2016, recovery is slow due to festering pr ...
... price shock combines with economic weaknesses in the US market to precipitate a global slowdown and a reduction in oil demand over a four year period, dramatically pushing prices down as OPEC is unable to adjust quickly enough in a coordinated fashion. From 2016, recovery is slow due to festering pr ...
Saudi Arabia's Evolving Growth Mechanism: Patterns Derived from Cointegration Analysis Looney, R.E.
... AFfER MORE THAN 20 years of relatively high oil revenue, Saudi Arabia and other economies in the Middle East remain overwhelmingly dominated by revenue from this source. In addition, while considerable industrial diversification into nonoil sectors has been achieved, conventional analysis has often ...
... AFfER MORE THAN 20 years of relatively high oil revenue, Saudi Arabia and other economies in the Middle East remain overwhelmingly dominated by revenue from this source. In addition, while considerable industrial diversification into nonoil sectors has been achieved, conventional analysis has often ...
Why Diversification
... of price increase is enhanced by the lack of production capacity in Oil Producing and Exporting Countries (OPEC) and non-OPEC members. Second, speaking of non-oil sectors contribution, such as manufacturing sector, it witnessed an annual growth of (26.3%) during (2001-2005). This can be attributed t ...
... of price increase is enhanced by the lack of production capacity in Oil Producing and Exporting Countries (OPEC) and non-OPEC members. Second, speaking of non-oil sectors contribution, such as manufacturing sector, it witnessed an annual growth of (26.3%) during (2001-2005). This can be attributed t ...
View/Open
... health maintenance. The loss of these functions can result in ceasing human existence, for these functions cannot, or only to a small extent, be substituted with artificial capital. Based on what has been discussed, nowadays natural capital and finding its place in the certain paradigms have become ...
... health maintenance. The loss of these functions can result in ceasing human existence, for these functions cannot, or only to a small extent, be substituted with artificial capital. Based on what has been discussed, nowadays natural capital and finding its place in the certain paradigms have become ...
Article - The relationship between resource utilisation and inflation
... with a standard deviation in resource utilisation tends to coincide with a change in inflation of 0.6 standard deviations. 12 GDP gap refers to the GDP deviation from trend, calculated using a production function. The hours worked gap and the employment gap refer to the deviation of the number o ...
... with a standard deviation in resource utilisation tends to coincide with a change in inflation of 0.6 standard deviations. 12 GDP gap refers to the GDP deviation from trend, calculated using a production function. The hours worked gap and the employment gap refer to the deviation of the number o ...
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... increasingly relying on the old South and new emerging industrializing countries (NIC) as efficient suppliers of primary commodities and of industrial goods, respectively. While the NIC were able to grow very rapidly through a phenomenal increase of manufacturing exports to the North their populatio ...
... increasingly relying on the old South and new emerging industrializing countries (NIC) as efficient suppliers of primary commodities and of industrial goods, respectively. While the NIC were able to grow very rapidly through a phenomenal increase of manufacturing exports to the North their populatio ...