... with improved accomplishments in South Asian as well as some of the least developed countries. Thus, while the average growth rate of both East and South-East Asian economies in 1994 increased only marginally, that of the South Asian economies registered an improvement by nearly a full percentage po ...
Research on the Index System of New-type Industrialization of China
... and criteria the researcher constructed an index system to reflect the current development condition of new-type industrialization from the following seven perspectives which included 26 subordinate indexes: the development degree of industrialization, the industrialization structure, the science an ...
... and criteria the researcher constructed an index system to reflect the current development condition of new-type industrialization from the following seven perspectives which included 26 subordinate indexes: the development degree of industrialization, the industrialization structure, the science an ...
NBER WORKING PAPER SERIES CONFIDENCE RISK AND ASSET PRICES Ravi Bansal Ivan Shaliastovich
... the key features of returns in the data. Large positive shocks in the confidence measure (high uncertainty) endogenously translate into large negative jumps in returns. This can account for negatively skewed and heavy-tailed distribution of returns, even though consumption growth is Gaussian. Furthe ...
... the key features of returns in the data. Large positive shocks in the confidence measure (high uncertainty) endogenously translate into large negative jumps in returns. This can account for negatively skewed and heavy-tailed distribution of returns, even though consumption growth is Gaussian. Furthe ...
Finance and Economics Discussion Series Federal Reserve Board, Washington, D.C.
... Figure 1 provides a graphical overview of the model. The model possesses two final good sectors in order to capture key long-run growth facts and to differentiate between the cyclical properties of different categories of durable expenditure (e.g., housing, consumer durables, and nonresidential inve ...
... Figure 1 provides a graphical overview of the model. The model possesses two final good sectors in order to capture key long-run growth facts and to differentiate between the cyclical properties of different categories of durable expenditure (e.g., housing, consumer durables, and nonresidential inve ...
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... most generous than in those where it is least generous. In other words, UI bene…ts a¤ect the disposable income of unemployed workers directly, while indirectly also a¤ecting the wages of the employed, both by sustaining local demand and by bolstering their bargaining power. Robustness is checked by ...
... most generous than in those where it is least generous. In other words, UI bene…ts a¤ect the disposable income of unemployed workers directly, while indirectly also a¤ecting the wages of the employed, both by sustaining local demand and by bolstering their bargaining power. Robustness is checked by ...
SAVING IS THE ACCOUNTING RECORD OF INVESTMENT
... Sometimes economies are in one regime, sometimes in the other. That leaves plenty of room for debate about their relative frequencies and for diagnosing which is the effective constraint at any particular time”. 4 The saving rate plays the central role in all equilibrium growth models by determining ...
... Sometimes economies are in one regime, sometimes in the other. That leaves plenty of room for debate about their relative frequencies and for diagnosing which is the effective constraint at any particular time”. 4 The saving rate plays the central role in all equilibrium growth models by determining ...
kalecki`s long-run theory of effective demand
... As we pointed out, investment decisions cause lagged relations in two directions: If investment is rising this entails an increase in both profits and in capital; higher investment will raise demand and profits, and stimulate higher investment decisions; but the rising stock of capital will tend to ...
... As we pointed out, investment decisions cause lagged relations in two directions: If investment is rising this entails an increase in both profits and in capital; higher investment will raise demand and profits, and stimulate higher investment decisions; but the rising stock of capital will tend to ...
Development Study for Information Technology in Bosnia
... Domestic Product (GDP) and create 1 out of every 4 new jobs in the European economy 1. Throughout both the developed and developing nations, Information and Communication Technologies (ICT), plays an increasingly important role not only within national economic structures but also within regional ma ...
... Domestic Product (GDP) and create 1 out of every 4 new jobs in the European economy 1. Throughout both the developed and developing nations, Information and Communication Technologies (ICT), plays an increasingly important role not only within national economic structures but also within regional ma ...
Australian Industry Report, 2014 - Department of Industry, Innovation
... and demographic pressures and the response to those pressures by Australian businesses, investors and workers – and by government. Major technological improvements have changed the goods we buy, how they are produced and how we purchase them. Australia has become increasingly integrated into the glo ...
... and demographic pressures and the response to those pressures by Australian businesses, investors and workers – and by government. Major technological improvements have changed the goods we buy, how they are produced and how we purchase them. Australia has become increasingly integrated into the glo ...
Ethiopia NHDR - Human Development Reports
... I am pleased to present the 2014 National Human Development Report, which has been written on the theme of “Accelerating Inclusive Growth for Sustainable Human Development in Ethiopia.” It is over 15 years since the last National Human Development Report for Ethiopia was published and much has chang ...
... I am pleased to present the 2014 National Human Development Report, which has been written on the theme of “Accelerating Inclusive Growth for Sustainable Human Development in Ethiopia.” It is over 15 years since the last National Human Development Report for Ethiopia was published and much has chang ...
The Opportunity Costs of Rent Seeking
... seeking cost and Tullock's can be seen by considering the shift of a single thief from thievery into plumbing. Since the thief cannot effect prices in the plumbing industry no additional consumer surplus is created and the cost of rent seeking is C only. The product of the thief in the productive se ...
... seeking cost and Tullock's can be seen by considering the shift of a single thief from thievery into plumbing. Since the thief cannot effect prices in the plumbing industry no additional consumer surplus is created and the cost of rent seeking is C only. The product of the thief in the productive se ...
Technological Diversification Miklos Koren and Silvana Tenreyro
... to comove positively. As said, this observation holds for the countries for which we have data and helps di¤erentiate our paper from …nancial-diversi…cation models that predict a negative comovement between micro and macro volatility. In the text, we discussed references supporting a positive comove ...
... to comove positively. As said, this observation holds for the countries for which we have data and helps di¤erentiate our paper from …nancial-diversi…cation models that predict a negative comovement between micro and macro volatility. In the text, we discussed references supporting a positive comove ...
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... as a significant factor that influencing foreign investments in the United States. Unpredictability in the political, legal, and institutional environments was also cited a major determinant of foreign investment in China. Sustainability issues are also mentioned to be important determinants in inve ...
... as a significant factor that influencing foreign investments in the United States. Unpredictability in the political, legal, and institutional environments was also cited a major determinant of foreign investment in China. Sustainability issues are also mentioned to be important determinants in inve ...
Sustainability indicators and monitoring
... of what this balancing between economical, environmental and social aspects implies in practice has been open to much debate. The major reason is that there are disagreements between different groups of people as to how to strike a balance between the economy, the environment and society. The chosen ...
... of what this balancing between economical, environmental and social aspects implies in practice has been open to much debate. The major reason is that there are disagreements between different groups of people as to how to strike a balance between the economy, the environment and society. The chosen ...
African Economic Outlook 2013
... production, robust growth in services and a rise in oil production and mining. This relatively broad-based pattern of growth will be underpinned by the continued increase of external financial flows and a resurgence in domestic demand driven by consumption and investment. Progress towards economic i ...
... production, robust growth in services and a rise in oil production and mining. This relatively broad-based pattern of growth will be underpinned by the continued increase of external financial flows and a resurgence in domestic demand driven by consumption and investment. Progress towards economic i ...