![the effect of industrial development on economic growth](http://s1.studyres.com/store/data/015034669_1-4664f872b6daac911c733fe648c3825d-300x300.png)
the effect of industrial development on economic growth
... crude oil production (Englama, et al. 2010); not only has this jeopardized its economic activities, it also aggravated the nation's level of unemployment. Nigeria as a giant of Africa has for long been regarded as a nation blessed with abundant human and material resources; however, the underutiliza ...
... crude oil production (Englama, et al. 2010); not only has this jeopardized its economic activities, it also aggravated the nation's level of unemployment. Nigeria as a giant of Africa has for long been regarded as a nation blessed with abundant human and material resources; however, the underutiliza ...
Opportunity Cost.
... concerned with how individuals make decisions and how these decisions interact. Microeconomics focuses on choices made by individuals, households, or firms. • Macroeconomics. The branch of economics that sutdies the overall ups and down of the economy. Macro focuses on economic aggregates that ...
... concerned with how individuals make decisions and how these decisions interact. Microeconomics focuses on choices made by individuals, households, or firms. • Macroeconomics. The branch of economics that sutdies the overall ups and down of the economy. Macro focuses on economic aggregates that ...
How do macroeconomic and sectoral policies affect
... wages should reflect the productivity of the work done. However, when there are many more workers willing to supply their labour than there are jobs available, employers have the bargaining power to set wages too low. This failure can be addressed by policies, laws and regulations on collective barg ...
... wages should reflect the productivity of the work done. However, when there are many more workers willing to supply their labour than there are jobs available, employers have the bargaining power to set wages too low. This failure can be addressed by policies, laws and regulations on collective barg ...
Global Business Today, 5e
... development should be assessed less by material output and more by the capabilities and opportunities that people enjoy • the Human Development Index (a United Nations developed index based on life expectancy, education attainment, and whether average incomes are sufficient to meet the basic needs o ...
... development should be assessed less by material output and more by the capabilities and opportunities that people enjoy • the Human Development Index (a United Nations developed index based on life expectancy, education attainment, and whether average incomes are sufficient to meet the basic needs o ...
lesotho - International Trade Centre
... years. The primary sector contribution to GDP has declined significantly in recent years, relinquishing its position as the mainstream of the economic growth in Lesotho. The share of agricultural output has dropped from 30% in the early eighties, to 19% in 2002. Severe drought has been the main cont ...
... years. The primary sector contribution to GDP has declined significantly in recent years, relinquishing its position as the mainstream of the economic growth in Lesotho. The share of agricultural output has dropped from 30% in the early eighties, to 19% in 2002. Severe drought has been the main cont ...
On National Fiscal Policy and Growth
... Easterly et al. (2004). However, in the neoclassical model such an effect can explain the observed cross-country differences in growth rates only during the transition path towards the steady state since it is established that the steady-state rate is given by the rate of exogenous technical progres ...
... Easterly et al. (2004). However, in the neoclassical model such an effect can explain the observed cross-country differences in growth rates only during the transition path towards the steady state since it is established that the steady-state rate is given by the rate of exogenous technical progres ...
OCR AS Economics Unit F582
... The effect of changes in aggregate demand and aggregate supply 6 Aggregate supply refers to the total output that firms in an economy are able to supply in a given period of time at different price levels. It is important to distinguish between aggregate supply in the short run and aggregate supply ...
... The effect of changes in aggregate demand and aggregate supply 6 Aggregate supply refers to the total output that firms in an economy are able to supply in a given period of time at different price levels. It is important to distinguish between aggregate supply in the short run and aggregate supply ...
Conservation of Mass and Instability in a Dynamic
... and insertions into the environment. Of these only the first has traditionally been regarded as a feature of economic activity.5 In addition to these general assumptions, the model rests on the following specific assumptions, each of which is made in one or the other of the classical general equilib ...
... and insertions into the environment. Of these only the first has traditionally been regarded as a feature of economic activity.5 In addition to these general assumptions, the model rests on the following specific assumptions, each of which is made in one or the other of the classical general equilib ...
BASED ECONOMY
... some degree from potentially damaging fluctuations in the exchange rate. Whatever the desired size of a stabilization fund, it may at some time reach the point where further accumulation would be unnecessary and even undesirable. After all, the insurance provided by the fund comes at a price. A coun ...
... some degree from potentially damaging fluctuations in the exchange rate. Whatever the desired size of a stabilization fund, it may at some time reach the point where further accumulation would be unnecessary and even undesirable. After all, the insurance provided by the fund comes at a price. A coun ...
bottlenecks in RIS3 design and how to overcome them
... within RIS 3 Design Process (3) • Generation of the general vision of the development of national economy over next time period - 5 to 10 years in terms of main sectors, competitiveness and benchmarking with other countries/regions • Using S 3 methodology, exploitation of experiences gained, using f ...
... within RIS 3 Design Process (3) • Generation of the general vision of the development of national economy over next time period - 5 to 10 years in terms of main sectors, competitiveness and benchmarking with other countries/regions • Using S 3 methodology, exploitation of experiences gained, using f ...
Structural Change in the Australian Economy
... late 1960s through to the late 1970s, from the late 1980s through to the mid 1990s and also more recently. The earlier episodes commenced with investment booms – in mining in the late 1960s and in business services in the late 1980s – which flowed through to rising output shares in these industries ...
... late 1960s through to the late 1970s, from the late 1980s through to the mid 1990s and also more recently. The earlier episodes commenced with investment booms – in mining in the late 1960s and in business services in the late 1980s – which flowed through to rising output shares in these industries ...
C) Far beyond « Keynesian » fiscal policy :
... by ignoring the so-called “stabilizers”. Their sole impact is the induced fluctuation in the wage-rate stabiliziling the price level of output. Herein is the logical explanation of the failure of “bastard Keynesian policies” when firms managers take care of the future. 3-Because of the whimsical nat ...
... by ignoring the so-called “stabilizers”. Their sole impact is the induced fluctuation in the wage-rate stabiliziling the price level of output. Herein is the logical explanation of the failure of “bastard Keynesian policies” when firms managers take care of the future. 3-Because of the whimsical nat ...
100% decoupling - Green Innovations
... level of innovation will occur each year (that is, it is quite unlikely that there will be any years in which there would be no innovation. And in innovative societies that have policies in place to reliably end physical growth, it would, most likely, still be rare to have years in which use value g ...
... level of innovation will occur each year (that is, it is quite unlikely that there will be any years in which there would be no innovation. And in innovative societies that have policies in place to reliably end physical growth, it would, most likely, still be rare to have years in which use value g ...
The Regional Economic New Territory: the Features and the Engine
... Inner Mongolia, it is reasonable to make the further process of the resource-based products by relying on the existing strengths, realizing the extension of industrial chain and expanding the scale of factory to realize production scalization. Meanwhile, we should speed up the development of modern ...
... Inner Mongolia, it is reasonable to make the further process of the resource-based products by relying on the existing strengths, realizing the extension of industrial chain and expanding the scale of factory to realize production scalization. Meanwhile, we should speed up the development of modern ...
A New Economics for Creative Industries and Development
... economy. Policy responses under Model 2 are not about targeted resource re-allocation, but rather about consistent industrial treatment, or, as in the case of multinational and oligopolistic business, for regulation and control of excess market power. Model 3 (the growth model) explicitly proposes a ...
... economy. Policy responses under Model 2 are not about targeted resource re-allocation, but rather about consistent industrial treatment, or, as in the case of multinational and oligopolistic business, for regulation and control of excess market power. Model 3 (the growth model) explicitly proposes a ...
Ethan Frome - East
... response, resources were diverted for increasing food production - which fortunately coincided with the availability of high yielding varieties of wheat, and, with some lag, in rice. For Indian economy, 1965 to 1980 was a period of numerous external and exogenous, (economic as well as non-economic) ...
... response, resources were diverted for increasing food production - which fortunately coincided with the availability of high yielding varieties of wheat, and, with some lag, in rice. For Indian economy, 1965 to 1980 was a period of numerous external and exogenous, (economic as well as non-economic) ...
ISLM: Part V: A Fiscal and Monetary Workout
... 2. An economy with a perfectly inelastic demand for investment funds, in which case the changing interest rate has no effect on investment. 3. An instance where fiscal policy is fully accommodated by monetary policy, in which case any movement in the rate of interest is arrested by a suitable adjust ...
... 2. An economy with a perfectly inelastic demand for investment funds, in which case the changing interest rate has no effect on investment. 3. An instance where fiscal policy is fully accommodated by monetary policy, in which case any movement in the rate of interest is arrested by a suitable adjust ...
The Shadow Economy, Its Causes and Its Consequences* by Vito
... and the regulatory burdens in the economy. In Brazil these burdens are reported to be particularly high putting the enterprises that comply with all their legal obligations at an obvious unfair disadvantages vis a vis those that do not comply.This makes the market mechanism much less fair. The shado ...
... and the regulatory burdens in the economy. In Brazil these burdens are reported to be particularly high putting the enterprises that comply with all their legal obligations at an obvious unfair disadvantages vis a vis those that do not comply.This makes the market mechanism much less fair. The shado ...
Is Globalisation Good for Africa
... shock that started buffeting their economies in the early 1980s; thus resulting in a most severe economic downturn for the continent as a whole, which most countries are to emerge yet. It was not until 1995 that the SSA economy began to recover. This came to be referred to as “recovery” rather than ...
... shock that started buffeting their economies in the early 1980s; thus resulting in a most severe economic downturn for the continent as a whole, which most countries are to emerge yet. It was not until 1995 that the SSA economy began to recover. This came to be referred to as “recovery” rather than ...
Investment code
... •are freed from the customs duties and the value added tax at importation into the customs territory of the Republic of Belarus of technological equipment and spare parts to it (with exception of those imported from the Russian Federation), intended for implementation of the indicated investment pro ...
... •are freed from the customs duties and the value added tax at importation into the customs territory of the Republic of Belarus of technological equipment and spare parts to it (with exception of those imported from the Russian Federation), intended for implementation of the indicated investment pro ...
Aggregate Demand-Aggregate Supply Model and Long
... Does Macroland have a recessionary gap or an inflationary gap? Recessionary gap. Explain your answer. Macroland has the potential to produce a higher level of output than it is currently producing. Ceteris paribus, which of the following policy initiatives might help Macroland produce at its potenti ...
... Does Macroland have a recessionary gap or an inflationary gap? Recessionary gap. Explain your answer. Macroland has the potential to produce a higher level of output than it is currently producing. Ceteris paribus, which of the following policy initiatives might help Macroland produce at its potenti ...
Oil and Challenges Mehdi Shafaeddin*
... The purpose of this study is to examine the potential impact of oil revenues on the economy of Sudan and the challenges facing the Government in policy making, particularly trade policy and allocation of oil revenues for long-run development and diversification of the production and export structure ...
... The purpose of this study is to examine the potential impact of oil revenues on the economy of Sudan and the challenges facing the Government in policy making, particularly trade policy and allocation of oil revenues for long-run development and diversification of the production and export structure ...
Technology and Employment in an Open Underdeveloped Economy 01/2006 Prabhat Patnaik
... The “trap” is thus a real trap; its effectiveness arises precisely because it applies to every open underdeveloped economy with labour reserves. No single third world economy can hope to get out of it as long as others are stuck in it, since competition from the others will always pull it down. The ...
... The “trap” is thus a real trap; its effectiveness arises precisely because it applies to every open underdeveloped economy with labour reserves. No single third world economy can hope to get out of it as long as others are stuck in it, since competition from the others will always pull it down. The ...
Jiangyin City, situated in the Yangtse Delta, is a county level city in
... establishment - covered many polluting sectors, scattered city-wide and grew in the pattern of quantitative expansion rather than quality development. This led to resource degradation and environmental deterioration in the city. In this case, industrial pollution control became the priority of urban ...
... establishment - covered many polluting sectors, scattered city-wide and grew in the pattern of quantitative expansion rather than quality development. This led to resource degradation and environmental deterioration in the city. In this case, industrial pollution control became the priority of urban ...
Innovation Economics: How a New Theory Casts Light on an Old
... future growth in order to eliminate the waste in other programs. Finally, many, especially those in the center, hold to the “Washington budget consensus” that our main problem is the unsustainability of current budget policies. To generate political support for addressing this long-term problem, the ...
... future growth in order to eliminate the waste in other programs. Finally, many, especially those in the center, hold to the “Washington budget consensus” that our main problem is the unsustainability of current budget policies. To generate political support for addressing this long-term problem, the ...