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Advanced Manufacturing in the American South
Advanced Manufacturing in the American South

... output until the first quarter of 2012, the U.S. manufacturing sector served as an important catalyst for a slow rebound in GDP. Average growth for the 11 quarters between the third quarter of 2009 and the first quarter of 2012 was a tepid 2.3 percent for GDP, versus 5.5 percent for manufacturing ou ...
Productivity of ICT and Non-ICT Capital – The
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HARNESSING WINDFALL REVENUES: Optimal policies for
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... how these policy rules depend on key features of developing countries, and how policy advice to these countries needs to be tailored accordingly. We concentrate on three features of developing countries that interact importantly with a foreign exchange windfall. The first such feature is capital sca ...
DEPARTMENT OF ECONOMICS  UNIVERSITY OF BURDWAN PG Syllabus – 2014-15 session onwards
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... The Department of Economics, University of Burdwan proposes to revise the syllabus for PostGraduate studies in Economics leading to Masters degree, keeping in line with the changing academic scenario and needs of both academics and job-market. The department also attempts at a gradual transition to ...
Vol. 19, No. 2, December 2012
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... According to Lecocq and Shalizi (2007), GDP will be affected indirectly by variations in demand structure even though there is no direct effect of climate change on it. Climate change can result in resource scarcity, which could lead to violent conflict and consequently reduce economic growth in the ...
The Changing Dynamics of the Global Business Cycle
The Changing Dynamics of the Global Business Cycle

DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN BANGLADESH: AN ECONOMETRIC ESTIMATION
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... Khoda (2003) stated that FDI can raise domestic capital, engender employment by using underutilized labor, build up organizational formation as well as managerial standards of the host country, transfer technology, get better internal and overseas marketing network and also assist to improve the tec ...
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Technology Diffusion and Postwar Growth
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interfaces between economic and marketing approach to advertising
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... models. Among these, reference group, family and groups with which an individual is more or less in regular contact can be mentioned. A certain group implies a social status with which a certain need is associated. By purchasing luxury or position goods, an individual demonstrates his belonging to a ...
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... preference map. It would be very difficult to seek individual opinion from every citizen on type and quantity of a social good that should be provided. It would also be difficult to decide how much each individual should pay for the product on pay for the product. One may argue that consumers pay ba ...
Fiscal Multiplier in a Liquidity Constrained New Keynesian Economy∗
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... Prepared for the NBER Macroeconomics Conference, March 12, 1993. The research leading to this paper was supported by M.I.T. 's Center for Energy and Environmental Policy Research, by the National Science Foundation through Grant No. SES9O-22823 to R. Pindyck, and by the World Bank. Our thanks to Rai ...
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... analysis that predicted that increases in tourism would result in rapid economic as well as demographic growth on the islands. The following six years witnessed sharp growth in tourism; a restructuring of tourism around larger cruise ships and new, larger hotels; and rapid population growth. Our fin ...
Liquidity, Innovation, and Endogenous Growth
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AGU, SAMUEL CHUKWUAGOZIEM - University Of Nigeria Nsukka
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... likely to enhance its economic growth. When economic growth is enhanced (at least more than 5% growth rate) the economy’s standard of living is likely to be affected positively. In order to encourage growth, countries at early stages of development like Nigeria borrow to augment what they have becau ...
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... There is a long literature in microeconomics, going back to the seminal work of Stone (1950) and Geary (1954), studying the role of non-homothetic preferences for the specification of demand functions. The existence of subsistence points also has macroeconomic implications. In particular, subsistenc ...
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TABLE OF CONTENTS
TABLE OF CONTENTS

... relatively small. Over the past decade, inclusion of this factor in US GDP has implied that growth was 0.03 percentage points per year less than it would have been if the United States had used the same approach as European countries or Japan9. Recently planned increases in US military expenditure m ...
Paper
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... centage point lower than the postwar average. The results are more consistent with a gradual decline rather than a discrete break. Since in-sample results obtained with revised data often underestimate the uncertainty faced by policymakers in real time, we repeat the exercise using real-time vintag ...
< 1 ... 16 17 18 19 20 21 22 23 24 ... 251 >

Rostow's stages of growth

The Rostow's Stages of Economic Growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The model postulates that economic growth occurs in five basic stages, of varying length: Traditional society Preconditions for take-off Take-off Drive to maturity Age of High mass consumptionRostow's model is one of the more structuralist models of economic growth, particularly in comparison with the 'backwardness' model developed by Alexander Gerschenkron, although the two models are not mutually exclusive.Rostow argued that economic take-off must initially be led by a few individual sectors. This belief echoes David Ricardo's comparative advantage thesis and criticizes Marxist revolutionaries' push for economic self-reliance in that it pushes for the 'initial' development of only one or two sectors over the development of all sectors equally. This became one of the important concepts in the theory of modernization in social evolutionism.
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