Labour reallocation and productivity dynamics: financial causes, real
... delve into the effect of US cross-state banking deregulation on the allocation of output and employment across sectors at the state level. Gorton and Ordoñez (2014) find that credit booms can have negative implications for aggregate TFP: in their model this results from agents not producing informat ...
... delve into the effect of US cross-state banking deregulation on the allocation of output and employment across sectors at the state level. Gorton and Ordoñez (2014) find that credit booms can have negative implications for aggregate TFP: in their model this results from agents not producing informat ...
Has the Business Cycle Changed and Why?
... moderation and attempt to resolve some of its disagreements and discrepancies. This analysis is presented in Sections 2, 3, and 4. Our empirical analysis and review of the literature leads us to five conclusions: 1. The decline in volatility has occurred broadly across the U.S. economy: since the mi ...
... moderation and attempt to resolve some of its disagreements and discrepancies. This analysis is presented in Sections 2, 3, and 4. Our empirical analysis and review of the literature leads us to five conclusions: 1. The decline in volatility has occurred broadly across the U.S. economy: since the mi ...
Growing pains : binding constraints to productive - Inter
... This syndrome should explain the observed symptoms but should also have some other testable implications. The good analyst would check for these implications in order to convince himself that he has a robustly tested explanation for what is wrong with the country he is examining. Take the case of Br ...
... This syndrome should explain the observed symptoms but should also have some other testable implications. The good analyst would check for these implications in order to convince himself that he has a robustly tested explanation for what is wrong with the country he is examining. Take the case of Br ...
Chapter 2 The Economic Problem: Scarcity, and Choice
... B) all trading parties, even when some are absolutely more efficient producers than others. C) only that trading party that has an absolute advantage in the production of all goods. D) only that trading party that has a comparative advantage in the production of all goods. Answer: B Diff: 3 Skill: C ...
... B) all trading parties, even when some are absolutely more efficient producers than others. C) only that trading party that has an absolute advantage in the production of all goods. D) only that trading party that has a comparative advantage in the production of all goods. Answer: B Diff: 3 Skill: C ...
the eleventh national economic and social development plan
... style, and wider participation in the community. Since the Eighth plan, the Sufficiency Economy concept has continually been disseminated extensively to increase public awareness. The survey also indicated that most respondents were informed about the Philosophy via various media and three-fourths o ...
... style, and wider participation in the community. Since the Eighth plan, the Sufficiency Economy concept has continually been disseminated extensively to increase public awareness. The survey also indicated that most respondents were informed about the Philosophy via various media and three-fourths o ...
the eleventh national economic and social development plan
... process by which the Eighth Plan was formulated so it would focus simultaneously on both economic development and human and social advancement. The concept of “people-centered development” was also launched, economic policies were considered tools to strengthen the quality of life, and the idea of p ...
... process by which the Eighth Plan was formulated so it would focus simultaneously on both economic development and human and social advancement. The concept of “people-centered development” was also launched, economic policies were considered tools to strengthen the quality of life, and the idea of p ...
a semiparametric assessment of export
... adopting a semiparametric approach under two levels of temporal aggregation to investigate the ELG hypothesis in the Philippines. To assess the impact of model specification on the ELG hypothesis, parametric and semiparametric ECMs are estimated using Philippine annual and quarterly data on GDP, exp ...
... adopting a semiparametric approach under two levels of temporal aggregation to investigate the ELG hypothesis in the Philippines. To assess the impact of model specification on the ELG hypothesis, parametric and semiparametric ECMs are estimated using Philippine annual and quarterly data on GDP, exp ...
Trinidad and Tobago – An Economic and Political
... Trinidad and Tobago has been generally wise in the management of its resource wealth, but nonetheless needs to diversify as resources dwindle and energy prices fall. Considerations are also given to the ways in which government policy affects employment, productivity, and retail sales in the economy ...
... Trinidad and Tobago has been generally wise in the management of its resource wealth, but nonetheless needs to diversify as resources dwindle and energy prices fall. Considerations are also given to the ways in which government policy affects employment, productivity, and retail sales in the economy ...
The Impact of Regional and Sectoral Productivity Changes on the
... prising land and structures. As emphasized by Blanchard and Katz (1992), labor is allowed to move across both regions and sectors. Land and structures can be used by any sector but are …xed locally. Sectors are interconnected by way of input-output linkages but, in contrast to Long and Plosser (198 ...
... prising land and structures. As emphasized by Blanchard and Katz (1992), labor is allowed to move across both regions and sectors. Land and structures can be used by any sector but are …xed locally. Sectors are interconnected by way of input-output linkages but, in contrast to Long and Plosser (198 ...
7th Grade Social Studies Topic Time Concepts Key Vocabulary
... Cizj5c&list=PLBDA2E52FB1EF80C9&in dex=32 The Urban Game (Industrialization): http://www.thecaveonline.com/APEH/The UrbanGame.htm http://www.scribd.com/doc/40619123/The -Urban-Game Child Labor: http://www.monroefordham.org/docs/Less onPlan3_The%20Industrial%20Revolution .pdf ...
... Cizj5c&list=PLBDA2E52FB1EF80C9&in dex=32 The Urban Game (Industrialization): http://www.thecaveonline.com/APEH/The UrbanGame.htm http://www.scribd.com/doc/40619123/The -Urban-Game Child Labor: http://www.monroefordham.org/docs/Less onPlan3_The%20Industrial%20Revolution .pdf ...
Economic Policies of Heterogeneous Politicians ∗ ODILON C ˆ AMARA
... low abilities are never re-elected; they implement their preferred policies and are ousted from office. Politicians with sufficiently high abilities are divided into three groups. Politicians with centrist social types — politicians with preferences sufficiently similar to the median voter’s prefere ...
... low abilities are never re-elected; they implement their preferred policies and are ousted from office. Politicians with sufficiently high abilities are divided into three groups. Politicians with centrist social types — politicians with preferences sufficiently similar to the median voter’s prefere ...
Standard front page for projects, subject module projects and master
... production, in order to maintain the accumulation of capital and the reproduction of capitalist class relations (Harvey 2014, 146 f.). However, in many countries in SSA, colonial powers established or took over existing structures and transformed them, in order to extract value to benefit the Europe ...
... production, in order to maintain the accumulation of capital and the reproduction of capitalist class relations (Harvey 2014, 146 f.). However, in many countries in SSA, colonial powers established or took over existing structures and transformed them, in order to extract value to benefit the Europe ...
Fiscal decentralization, macrostability, and growth
... We further assume that output is subject to decreasing returns to scale with respect to physical and human capital. This implies that the economy, over the long-run, will tend to constant private capital-labor, human capital-labor, and public capital-labor ratios 7. Once steady state output is achie ...
... We further assume that output is subject to decreasing returns to scale with respect to physical and human capital. This implies that the economy, over the long-run, will tend to constant private capital-labor, human capital-labor, and public capital-labor ratios 7. Once steady state output is achie ...
Consumer confidence and economic growth: case studies of Jamaica
... One may ask the question, why is it necessary to forecast the behaviour of consumers? The answer lies in the fact that consumption spending is a major driver of economic activity in most economies and can range anywhere between 40% of GDP to 75% of GDP. Consumption spending can be the single major d ...
... One may ask the question, why is it necessary to forecast the behaviour of consumers? The answer lies in the fact that consumption spending is a major driver of economic activity in most economies and can range anywhere between 40% of GDP to 75% of GDP. Consumption spending can be the single major d ...
4. the empirical evidences
... 1979). However, it is argued that economic growth could still be achieved when substitution effects of FDI are presented. Because when substitution effects overwhelm complementary effects, FDI may contribute more to growth than domestic investment in an economy if repatriation of profit by MNEs can ...
... 1979). However, it is argued that economic growth could still be achieved when substitution effects of FDI are presented. Because when substitution effects overwhelm complementary effects, FDI may contribute more to growth than domestic investment in an economy if repatriation of profit by MNEs can ...
Chapter 11: Saving, Capital Accumulation, and Output
... – Given the same level of technology and human capital, same institutions, etc., … – This model says that all countries should converge to the same level. ...
... – Given the same level of technology and human capital, same institutions, etc., … – This model says that all countries should converge to the same level. ...