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... multiplier is thus akin to a closed economy aggregate multiplier for a more accommodative monetary policy than the one seen in the United States under Volcker and Greenspan. This implies that our estimate of 1.5 for the open economy relative multiplier is perfectly consistent with much lower existin ...
... multiplier is thus akin to a closed economy aggregate multiplier for a more accommodative monetary policy than the one seen in the United States under Volcker and Greenspan. This implies that our estimate of 1.5 for the open economy relative multiplier is perfectly consistent with much lower existin ...
The True Cost of Sound Recording Piracy to the US Economy
... There is little debate that U.S. sound recordings are “pirated” in vast numbers in the U.S. and in international markets. Piracy of these works harms the intellectual property owner, who loses the revenue that would have been gained had the legitimate recording been purchased. These “direct” losses, ...
... There is little debate that U.S. sound recordings are “pirated” in vast numbers in the U.S. and in international markets. Piracy of these works harms the intellectual property owner, who loses the revenue that would have been gained had the legitimate recording been purchased. These “direct” losses, ...
The EBE Book of Economic Questions for HSC Students
... Lists examples of the influence of rapidly growing economies on global trade. Answers could include: Reduction in levels of domestic protection Increasing number of trade blocs and agreements Liberalised environment has enabled transnational corporations to develop and expand into new market ...
... Lists examples of the influence of rapidly growing economies on global trade. Answers could include: Reduction in levels of domestic protection Increasing number of trade blocs and agreements Liberalised environment has enabled transnational corporations to develop and expand into new market ...
Coordinating Business Cycles ∗ Edouard Schaal Mathieu Taschereau-Dumouchel
... Productivity and capital play important roles in determining how firms coordinate. An abundance of cheap capital or a high productivity fuel the growth of firms and therefore facilitate coordination on high output. Inversely, if capital is scarce and expensive or productivity is low, firms are more ...
... Productivity and capital play important roles in determining how firms coordinate. An abundance of cheap capital or a high productivity fuel the growth of firms and therefore facilitate coordination on high output. Inversely, if capital is scarce and expensive or productivity is low, firms are more ...
mongolia`s resources boom: a cge analysis
... Mongolia’s geographical location, its economic structure and its mineral wealth give it unique characteristics. Tapping its natural resources in a way that equally benefits the social and economic well-being of Mongolians is the greatest challenge. The resources boom in recent years directly impacte ...
... Mongolia’s geographical location, its economic structure and its mineral wealth give it unique characteristics. Tapping its natural resources in a way that equally benefits the social and economic well-being of Mongolians is the greatest challenge. The resources boom in recent years directly impacte ...
Bosnia and Herzegovina – Understanding Reform
... Bosnia- Herzegovina's (BiH) recent economic environment and development priorities have been primarily determined by the requirements of post- war reconstruction, following an end of a three and a half year war in 1995. Reforms towards creation of free- market economy were identified as medium- term ...
... Bosnia- Herzegovina's (BiH) recent economic environment and development priorities have been primarily determined by the requirements of post- war reconstruction, following an end of a three and a half year war in 1995. Reforms towards creation of free- market economy were identified as medium- term ...
Chapter 2 The Economic Problem: Scarcity, and Choice
... 26) The opportunity cost of investment in capital is forgone present consumption because A) capital takes a long time to produce. B) capital increases the productivity of labor. C) resources are scarce. D) capital is an intangible good. Answer: C Diff: 3 Skill: C ...
... 26) The opportunity cost of investment in capital is forgone present consumption because A) capital takes a long time to produce. B) capital increases the productivity of labor. C) resources are scarce. D) capital is an intangible good. Answer: C Diff: 3 Skill: C ...
The CreaTive indusTries and The BriCs
... creative economy in the BRICS. Second, it proposes policies that will enhance and increase the activity of these creative sectors and industries. The review looks at both economic evidence (including trade statistics) and the existing policy framework in each country. Based on these observations, th ...
... creative economy in the BRICS. Second, it proposes policies that will enhance and increase the activity of these creative sectors and industries. The review looks at both economic evidence (including trade statistics) and the existing policy framework in each country. Based on these observations, th ...
CROSS-BORDER ECONOMIC RENEWAL Rethinking Regional
... world economy, according to Harvard’s Jeffrey Sachs in his own Finlay lecture (Sachs, 1994). A case can be made that one of the legacies of the unhappy history between the two parts of Ireland, and between Ireland and Britain, was an inferior level of economic performance since partition. Indeed, th ...
... world economy, according to Harvard’s Jeffrey Sachs in his own Finlay lecture (Sachs, 1994). A case can be made that one of the legacies of the unhappy history between the two parts of Ireland, and between Ireland and Britain, was an inferior level of economic performance since partition. Indeed, th ...
2014 - Venture Kamloops
... composition of population and how it has changed over time; key sectors in the economy (both revenue and employment); and a discussion of major measures and initiatives presently in place to attract investment to the City and/or region. For this element of the research, we have relied on a combinati ...
... composition of population and how it has changed over time; key sectors in the economy (both revenue and employment); and a discussion of major measures and initiatives presently in place to attract investment to the City and/or region. For this element of the research, we have relied on a combinati ...
The Shadow Economy and Work in the Shadow: What Do We
... sion are not congruent, activities in the shadow economy in most cases imply the evasion of direct or indirect taxes, such that the factors affecting tax evasion will most certainly also affect the shadow economy. According to Allingham and Sandmo tax compliance depends on its expected costs and be ...
... sion are not congruent, activities in the shadow economy in most cases imply the evasion of direct or indirect taxes, such that the factors affecting tax evasion will most certainly also affect the shadow economy. According to Allingham and Sandmo tax compliance depends on its expected costs and be ...
Is Uganda an Emerging Economy?
... well as followers. Maximising the chances of success of the current efforts to revive and sustain growth in Africa, such as those implied by the development co-operation strategy of the OECD (DAC, 1996), demands a closer look at those countries where rapid growth already is under way and those likel ...
... well as followers. Maximising the chances of success of the current efforts to revive and sustain growth in Africa, such as those implied by the development co-operation strategy of the OECD (DAC, 1996), demands a closer look at those countries where rapid growth already is under way and those likel ...
Fiscal consolidation and its cross
... where the welfare criterion is a weighted average of households’expected discounted lifetime utility in the two countries; thus, this can be thought of as a cooperative policy. In particular, adopting the methodology of Schmitt-Grohé and Uribe (2004 and 2007), we compute the welfare-maximizing value ...
... where the welfare criterion is a weighted average of households’expected discounted lifetime utility in the two countries; thus, this can be thought of as a cooperative policy. In particular, adopting the methodology of Schmitt-Grohé and Uribe (2004 and 2007), we compute the welfare-maximizing value ...
Part B: Section 1 - Whangarei District Council
... costs of raw materials, services and components that were sourced from outside the area. GDP is essentially a measure of economic activity that focuses on productivity. In this case, the sum of all economic activity for both the egion and districts were calculated, and then costs of inputs from outs ...
... costs of raw materials, services and components that were sourced from outside the area. GDP is essentially a measure of economic activity that focuses on productivity. In this case, the sum of all economic activity for both the egion and districts were calculated, and then costs of inputs from outs ...
Vertical Multinationals, Industry Characteristics, and Endogenous Technology Spillover
... Vertical Multinationals, Industry Characteristics, And Endogenous Technology Spillover Kazuhiko Yokota Department of Economics, University of Colorado at Boulder ...
... Vertical Multinationals, Industry Characteristics, And Endogenous Technology Spillover Kazuhiko Yokota Department of Economics, University of Colorado at Boulder ...
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 Performance of Manufacturing Sector in
... Industrial development has been an integral part of Tanzania’s development strategies in the post-independence era. In fact it was expected by policy makers to lead the process of transforming the country’s economy from low productivity and low growth to high productivity and dynamic economy, associ ...
... Industrial development has been an integral part of Tanzania’s development strategies in the post-independence era. In fact it was expected by policy makers to lead the process of transforming the country’s economy from low productivity and low growth to high productivity and dynamic economy, associ ...
INDUSTRIAL STRATEGY GREEN PAPER: IPPR NORTH RESPONSE
... familiar: in order to have a flourishing national economy we need to drive up rates of productivity to be more like those in London and the South East; to do this we should go with the grain of success and support high-value sectors in other big cities; this requires devolving more control over the ...
... familiar: in order to have a flourishing national economy we need to drive up rates of productivity to be more like those in London and the South East; to do this we should go with the grain of success and support high-value sectors in other big cities; this requires devolving more control over the ...
pg07 Daveri 5064423 en
... productivity growth fell first and substantially in non-durable goods industries from 3.1% to 0.7%, while labor productivity for durable producers slowed down just a bit (from 2.7% to 1.7%). In the more recent years, productivity growth collapsed for durable producers as well (-2.7% in 20002003) and ...
... productivity growth fell first and substantially in non-durable goods industries from 3.1% to 0.7%, while labor productivity for durable producers slowed down just a bit (from 2.7% to 1.7%). In the more recent years, productivity growth collapsed for durable producers as well (-2.7% in 20002003) and ...
Countermeasures and Suggestions for Resource-based Industrial
... and the irreversible industries decline make the long-term adjustment measures for resource-based focus on the sustainable development of regional economy. This needs to be in accordance with life cycle of resource-based industries: On one hand, we should gradually implement the effective strategie ...
... and the irreversible industries decline make the long-term adjustment measures for resource-based focus on the sustainable development of regional economy. This needs to be in accordance with life cycle of resource-based industries: On one hand, we should gradually implement the effective strategie ...
PRIVATE SECTOR ASSESSMENT OF BAHAMAS
... The Bahamas is a highly entrepreneurial society with a relatively large private sector. In 2011 the private sector contributed around 80% of GDP5 and 78.7% of total employment6. In spite of the Bahamas’ hyper-specialization in tourism and finance, there is export activity in a range of merchandise p ...
... The Bahamas is a highly entrepreneurial society with a relatively large private sector. In 2011 the private sector contributed around 80% of GDP5 and 78.7% of total employment6. In spite of the Bahamas’ hyper-specialization in tourism and finance, there is export activity in a range of merchandise p ...
The End of the Treasury
... The new consensus was expressed in a speech by the Chancellor, Nigel Lawson in 1984:2 “It is the conquest of inflation, and not the pursuit of growth and employment, which is or should be the objective of macro-economic policy. And it is the creation of conditions conducive to growth and employment ...
... The new consensus was expressed in a speech by the Chancellor, Nigel Lawson in 1984:2 “It is the conquest of inflation, and not the pursuit of growth and employment, which is or should be the objective of macro-economic policy. And it is the creation of conditions conducive to growth and employment ...
The Correlativity Analysis between Logistics Industry and National Economy Development
... 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 main body of logistics industry is composed with many nodes and lines to form a network. ...
... 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 main body of logistics industry is composed with many nodes and lines to form a network. ...
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 ...
The underground economy is a general name for many kinds of
... clandestine, second, household, or unobserved. ...
... clandestine, second, household, or unobserved. ...