An Introduction to System of National Accounts – Basic
... services (products). Goods and services are produced by units such as establishments/enterprises including own account enterprises/ government/ non-profit institutions/ households using the resources. These resources may be broadly classified into the Human, Natural, Produced capital, and Financial ...
... services (products). Goods and services are produced by units such as establishments/enterprises including own account enterprises/ government/ non-profit institutions/ households using the resources. These resources may be broadly classified into the Human, Natural, Produced capital, and Financial ...
Some unpleasant properties of log-linearized solutions when the
... Our research is also related to a recent paper by Fernandez-Villaverde, Gordon, GuerronQuintana, and Rubio-Ramirez (2012) that uses a projection method to solve for nonlinear policy functions and study the distribution of endogenous variables. They consider a model with Calvo price setting and a ric ...
... Our research is also related to a recent paper by Fernandez-Villaverde, Gordon, GuerronQuintana, and Rubio-Ramirez (2012) that uses a projection method to solve for nonlinear policy functions and study the distribution of endogenous variables. They consider a model with Calvo price setting and a ric ...
OnlineAppendix
... The Allocation of Labor: The equilibrium allocation of labor between production and research is pinned down in equation (12) by the choices of parameters above and our calibrated innovation intensity of the economy, sr . In our baseline calibration, with sr = .11, we have L p = .833. BGP Growth Rate ...
... The Allocation of Labor: The equilibrium allocation of labor between production and research is pinned down in equation (12) by the choices of parameters above and our calibrated innovation intensity of the economy, sr . In our baseline calibration, with sr = .11, we have L p = .833. BGP Growth Rate ...
Chapter 2 The Economic Problem: Scarcity, and Choice
... 55) Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the A) 60 desktop computers that must be forgone to produce 10 additional laptop computers. B) 20 desktop computers that must be forgone to produce 30 additional laptop computers. ...
... 55) Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the A) 60 desktop computers that must be forgone to produce 10 additional laptop computers. B) 20 desktop computers that must be forgone to produce 30 additional laptop computers. ...
Bailouts, Time Inconsistency and Optimal Regulation
... Recent experience has shown that governments can, will, and perhaps should intervene during …nancial crises. Such interventions typically occur because governments seek to minimize the spillover e¤ects of bankruptcy and liquidation upon the broader economy. Such interventions during …nancial crises ...
... Recent experience has shown that governments can, will, and perhaps should intervene during …nancial crises. Such interventions typically occur because governments seek to minimize the spillover e¤ects of bankruptcy and liquidation upon the broader economy. Such interventions during …nancial crises ...
Principles of Microeconomics, 7e (Case/Fair)
... D) truck manufacturer builds a new plant to make more trucks. Answer: D Diff: 1 Type: F ...
... D) truck manufacturer builds a new plant to make more trucks. Answer: D Diff: 1 Type: F ...
The Shadow Economy and Work in the Shadow: What Do We
... IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. ...
... IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. ...
Coordinating Business Cycles ∗ Edouard Schaal Mathieu Taschereau-Dumouchel
... coordination failures. In a seminal paper, Diamond (1982) proposes a search model of the goods market subject to a thick market externality. The model features multiple rational expectation equilibria that can be viewed as a source of coordination failures. Kiyotaki (1988) builds a 2period monopolis ...
... coordination failures. In a seminal paper, Diamond (1982) proposes a search model of the goods market subject to a thick market externality. The model features multiple rational expectation equilibria that can be viewed as a source of coordination failures. Kiyotaki (1988) builds a 2period monopolis ...
The Correlativity Analysis between Logistics Industry and National Economy Development
... Logistics industry is a compressive industry integrating service with equipment to become an entity [1]. Many researches think that the development of logistics industry will drive other industries and the entire national economy distinctly, which has been embodied in these folds: In the first fold, ...
... Logistics industry is a compressive industry integrating service with equipment to become an entity [1]. Many researches think that the development of logistics industry will drive other industries and the entire national economy distinctly, which has been embodied in these folds: In the first fold, ...
the significance of global resource availability to swiss
... The objective of this study is to establish, in general terms, the importance to Swiss competitiveness of current global trends in resource consumption and reserves. The relevance of the declining availability of natural resources to Switzerland, as a business location, is examined from both a bioph ...
... The objective of this study is to establish, in general terms, the importance to Swiss competitiveness of current global trends in resource consumption and reserves. The relevance of the declining availability of natural resources to Switzerland, as a business location, is examined from both a bioph ...
Chapter 13
... AACSB Codes: Dynamics of the Global Economy 22) Ricardian equivalence argues that when the government cuts taxes and raises its deficit, A) consumers anticipate that they will face lower taxes later to pay for the resulting government debt. B) consumers anticipate that they will higher services from ...
... AACSB Codes: Dynamics of the Global Economy 22) Ricardian equivalence argues that when the government cuts taxes and raises its deficit, A) consumers anticipate that they will face lower taxes later to pay for the resulting government debt. B) consumers anticipate that they will higher services from ...
The Abiotic Depletion Potential: Background, Updates, and Future
... change over time. In contrast, the “ultimately extractable reserve” is more directly related to the environmental problem of resource depletion, and relatively stable over time. However, it is highly uncertain how much of the scattered concentrations of elements and compounds will eventually become ...
... change over time. In contrast, the “ultimately extractable reserve” is more directly related to the environmental problem of resource depletion, and relatively stable over time. However, it is highly uncertain how much of the scattered concentrations of elements and compounds will eventually become ...
Liquidity, Innovation, and Endogenous Growth
... We demonstrate that firms with lower operating margins and more volatile profits are more likely to gamble for resurrection. This is consistent with the evidence that young firms (which match these characteristics) actively and substantially contribute to bring path-breaking innovations to the marke ...
... We demonstrate that firms with lower operating margins and more volatile profits are more likely to gamble for resurrection. This is consistent with the evidence that young firms (which match these characteristics) actively and substantially contribute to bring path-breaking innovations to the marke ...
Resource efficiency for sustainable growth: global trends and
... 2. Rationale for addressing resource use at the macro and industry level Measuring and evaluating resource use is important for a number of interlinked economic, environmental and social reasons. While not claiming to be exhaustive, some of the most pertinent arguments from a macroeconomic and indus ...
... 2. Rationale for addressing resource use at the macro and industry level Measuring and evaluating resource use is important for a number of interlinked economic, environmental and social reasons. While not claiming to be exhaustive, some of the most pertinent arguments from a macroeconomic and indus ...
The contribution of aviation to the economy
... Each of the three reports assessed in this study has significant flaws. The most important of these are presented below, along with their implications for policy makers. 1 All three studies present strong conclusions without using a formal costbenefit analysis for assessing future policies such as a ...
... Each of the three reports assessed in this study has significant flaws. The most important of these are presented below, along with their implications for policy makers. 1 All three studies present strong conclusions without using a formal costbenefit analysis for assessing future policies such as a ...
Industrias La Constancia: Dynamizing El Salvador`s Economy
... between the productive sectors, meant to satisfy the procurement of goods for final demands, as well as the assorted intermediate goods purchased and sold between them. Hence, it becomes possible to show the correlation between the different productive sectors and the direct and indirect impact that ...
... between the productive sectors, meant to satisfy the procurement of goods for final demands, as well as the assorted intermediate goods purchased and sold between them. Hence, it becomes possible to show the correlation between the different productive sectors and the direct and indirect impact that ...
Slides 2
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
... choose inputs in a cost-minimizing way, the numerical solution is very similar to that under the status quo case where the associated variables are exogenously set at their data averages. Thus, one could argue that in the UK, over 1990-2008, the public sector has exhausted its role, at least in term ...
Shadow Economies All over the World
... attempt to control these activities through various measures such as punishment, prosecution, economic growth or education. To more effectively and efficiently allocate resources, it is crucial for a country to gather information about the extent of the shadow economy, its magnitude, who is engaged ...
... attempt to control these activities through various measures such as punishment, prosecution, economic growth or education. To more effectively and efficiently allocate resources, it is crucial for a country to gather information about the extent of the shadow economy, its magnitude, who is engaged ...
Shadow Economies All over the World
... attempt to control these activities through various measures such as punishment, prosecution, economic growth or education. To more effectively and efficiently allocate resources, it is crucial for a country to gather information about the extent of the shadow economy, its magnitude, who is engaged ...
... attempt to control these activities through various measures such as punishment, prosecution, economic growth or education. To more effectively and efficiently allocate resources, it is crucial for a country to gather information about the extent of the shadow economy, its magnitude, who is engaged ...
The underground economy is a general name for many kinds of
... used to estimate the size of the underground economies and the estimates themselves. It is not an exhaustive review although it draws from a wide range of techniques and countries for many years. A practitioner would have more work to do to actually implement the estimations. The review does not exa ...
... used to estimate the size of the underground economies and the estimates themselves. It is not an exhaustive review although it draws from a wide range of techniques and countries for many years. A practitioner would have more work to do to actually implement the estimations. The review does not exa ...
ESTIMATING INFORMAL ECONOMY SHARE IN RUSSIAN REGIONS
... economic activities require energy for equipment, lightening, heating. Electricity consumption data is available from Rosstat with high level of details (regional, industrial dimensions). The simplest modification of electricity approach is called “Electricity consumption model” (ECM). It implies t ...
... economic activities require energy for equipment, lightening, heating. Electricity consumption data is available from Rosstat with high level of details (regional, industrial dimensions). The simplest modification of electricity approach is called “Electricity consumption model” (ECM). It implies t ...
Shadow Economies and Corruption All Over the World: New
... Zoido-Lobatón (1998b) find significant overall empirical evidence of the influence of (labour) regulations on the shadow economy; and the impact is clearly described and theoretically derived in other studies, e.g. for Germany (Deregulation Commission 1990/91). Regulations lead to a substantial incr ...
... Zoido-Lobatón (1998b) find significant overall empirical evidence of the influence of (labour) regulations on the shadow economy; and the impact is clearly described and theoretically derived in other studies, e.g. for Germany (Deregulation Commission 1990/91). Regulations lead to a substantial incr ...
UNDERGROUND ECONOMY AND FISCAL POLICIES MODELING*
... among the economists. On the one hand, they resemble activities that would have to be added to the national production if one wanted to measure it correctly. On the other hand, in many cases, they are motivated reasonably consciously by an economic calculation in which the intention to escape all ta ...
... among the economists. On the one hand, they resemble activities that would have to be added to the national production if one wanted to measure it correctly. On the other hand, in many cases, they are motivated reasonably consciously by an economic calculation in which the intention to escape all ta ...
NBER WORKING PAPER SERIES DISTANCE TO FRONTIER, SELECTION, AND ECONOMIC GROWTH
... switch to an innovation-based strategy with greater selection, shorter-term relationships and younger firms. Moreover, we show that the equilibrium switch out of an investment-based strategy may occur sooner or later than the growth-maximizing or welfare-maximizing policies. Because monopolists do n ...
... switch to an innovation-based strategy with greater selection, shorter-term relationships and younger firms. Moreover, we show that the equilibrium switch out of an investment-based strategy may occur sooner or later than the growth-maximizing or welfare-maximizing policies. Because monopolists do n ...