exports and economic growth in nigeria
... tends to encourage both agricultural and industrial output for exports given the financial liberalization policy embedded in it. The exports sector of the economy responded positively to this programme as more exports were recorded during the period. But, thereafter, there had been unimpressive perf ...
... tends to encourage both agricultural and industrial output for exports given the financial liberalization policy embedded in it. The exports sector of the economy responded positively to this programme as more exports were recorded during the period. But, thereafter, there had been unimpressive perf ...
Booms and Systemic Banking Crises ∗ Fr´ ed´
... stochastic general equilibrium (DSGE) model, and thus more suitable for quantitative analysis. Unlike Bernanke et al. (1999), Jermann and Quadrini (2010), Gertler and Karadi (2011), who study the linearized system dynamics around the steady state in models where adverse shocks are amplified by finan ...
... stochastic general equilibrium (DSGE) model, and thus more suitable for quantitative analysis. Unlike Bernanke et al. (1999), Jermann and Quadrini (2010), Gertler and Karadi (2011), who study the linearized system dynamics around the steady state in models where adverse shocks are amplified by finan ...
Was the New Deal Contractionary?
... restrictions, were the key to recovery and to think otherwise was “a technical fallacy" related to “the part played in the recovery by rising prices." Keynes logic will be recognized by a modern reader as a basic IS-LM argument: a demand stimulus shifts the “aggregate demand curve" and thus increase ...
... restrictions, were the key to recovery and to think otherwise was “a technical fallacy" related to “the part played in the recovery by rising prices." Keynes logic will be recognized by a modern reader as a basic IS-LM argument: a demand stimulus shifts the “aggregate demand curve" and thus increase ...
AD - Binus Repository
... Questions for Thought: 1. Suppose consumers and investors suddenly become more pessimistic about the future and therefore decide to reduce their consumption and investment spending. How will a market economy adjust to this increase in pessimism? 2. If the general level of prices is higher than busi ...
... Questions for Thought: 1. Suppose consumers and investors suddenly become more pessimistic about the future and therefore decide to reduce their consumption and investment spending. How will a market economy adjust to this increase in pessimism? 2. If the general level of prices is higher than busi ...
Lecture 4: Productivity, Output, and Unemployment in the Short Run
... associated with the technocracy movement during the Great Depression (and Luddites and Saboteurs)—that unemployment comes from the introduction of machinery. • In its crudest form, the argument that technological progress must lead to unemployment is false, as there have been large increases in the ...
... associated with the technocracy movement during the Great Depression (and Luddites and Saboteurs)—that unemployment comes from the introduction of machinery. • In its crudest form, the argument that technological progress must lead to unemployment is false, as there have been large increases in the ...
IMPACTS OF SEAPORT INVESTMENT ON THE ECONOMIC
... economic growth has long been a controversial subject in literature on the economic growth. Transportation infrastructure is considered as one of the means by which governments can stimulate economic growth [4-6], a significant relationship between transport investment and economic growth is commonl ...
... economic growth has long been a controversial subject in literature on the economic growth. Transportation infrastructure is considered as one of the means by which governments can stimulate economic growth [4-6], a significant relationship between transport investment and economic growth is commonl ...
Chapter 1: Economics: The Core Issues Scarcity exists becau
... tell you which population is better off. Simple comparisons of per capita GDP ignore how the GDP is distributed. A country with a very high per capita GDP that is unequally distributed may well provi de a standard of living that is below that of another country with a lower per capita GDP which is m ...
... tell you which population is better off. Simple comparisons of per capita GDP ignore how the GDP is distributed. A country with a very high per capita GDP that is unequally distributed may well provi de a standard of living that is below that of another country with a lower per capita GDP which is m ...
Fiscal Policy in the Short Run
... Monetarists regard the economy as being inherently stable and as requiring no active government intervention. Monetarist views about the functioning of the economy are based on theories most forcefully set forth by Milton Friedman. ...
... Monetarists regard the economy as being inherently stable and as requiring no active government intervention. Monetarist views about the functioning of the economy are based on theories most forcefully set forth by Milton Friedman. ...
Estimating the Output Gap for Saudi Arabia
... production, such as capital stock, labor force and technology). It is determined by trend growth in the supply of both labor and capital, combined with how efficiently these factors of production can be utilized (i.e., total factor productivity). In the short run, fluctuations in aggregate demand ca ...
... production, such as capital stock, labor force and technology). It is determined by trend growth in the supply of both labor and capital, combined with how efficiently these factors of production can be utilized (i.e., total factor productivity). In the short run, fluctuations in aggregate demand ca ...
A Kaldorian Theory of Economic Growth: The importance of the
... 2. See how this forms the heart of the cumulative causation model of economic growth. 3. Show how growth cannot be understood without incorporating the open economy. ...
... 2. See how this forms the heart of the cumulative causation model of economic growth. 3. Show how growth cannot be understood without incorporating the open economy. ...
into sixth form study task - Gumley House Convent School
... Candidates should be aware of the main UK measures of unemployment, i.e. the claimant count and the Labour Force Survey measure. There should be an understanding of how employment and unemployment may be determined by both demand-side and supply-side factors and candidates should be able to analyse ...
... Candidates should be aware of the main UK measures of unemployment, i.e. the claimant count and the Labour Force Survey measure. There should be an understanding of how employment and unemployment may be determined by both demand-side and supply-side factors and candidates should be able to analyse ...
Answers. - University of California, Berkeley
... attained with a balanced budget is the same as consumption at less than full employment [i.e., in (3a)]. Therefore, as long as government spending brings some benefits, under a balanced budget it is better to be at full employment than at less than full employment. That is, increasing the scale of g ...
... attained with a balanced budget is the same as consumption at less than full employment [i.e., in (3a)]. Therefore, as long as government spending brings some benefits, under a balanced budget it is better to be at full employment than at less than full employment. That is, increasing the scale of g ...
19.1 the budget and fiscal policy
... If the Fed sells securities, commercial banks’ reserves decrease. In the federal funds market, the supply of funds decreases, so the federal funds rate rises. If the Fed buys securities, commercial banks’ reserves increase. In the federal funds market, the supply of funds increases, so the federal f ...
... If the Fed sells securities, commercial banks’ reserves decrease. In the federal funds market, the supply of funds decreases, so the federal funds rate rises. If the Fed buys securities, commercial banks’ reserves increase. In the federal funds market, the supply of funds increases, so the federal f ...
Argentina`s Lost Decade and Subsequent Recovery
... that the observed capital–output ratio for Argentina was still in an upward trend by the time it reached values of around 1.9 in 1978 and 1979, we adopted 2 as a reasonable guess for the value of that ratio in the long run.5 That calibrated capital–output ratio, along with the investment-output shar ...
... that the observed capital–output ratio for Argentina was still in an upward trend by the time it reached values of around 1.9 in 1978 and 1979, we adopted 2 as a reasonable guess for the value of that ratio in the long run.5 That calibrated capital–output ratio, along with the investment-output shar ...
Essential Glossary Author: Geoff Riley
... Producer or capital goods such as plant (factories) and machinery are useful not in themselves but for the goods and services they can help produce in the future. Capital investment This is investment spending by companies on fixed capital goods such as new plant and equipment and buildings. Investm ...
... Producer or capital goods such as plant (factories) and machinery are useful not in themselves but for the goods and services they can help produce in the future. Capital investment This is investment spending by companies on fixed capital goods such as new plant and equipment and buildings. Investm ...
Austrian Macroeconomics
... change in the average period of production is generallyambiguous. Further problems derive from Bohm-Bawerk's incautious generalizations about changes in the average period of production that were based on the analysis of an oversimplified model. With a full awareness of the difficulties of working w ...
... change in the average period of production is generallyambiguous. Further problems derive from Bohm-Bawerk's incautious generalizations about changes in the average period of production that were based on the analysis of an oversimplified model. With a full awareness of the difficulties of working w ...
Labor Market Institutions and Inflation Volatility in the Euro Area
... the quantitative relevance of such institutions in determining differentials in inflation behavior. We do so in two steps. We first document a negative empirical relation between volatilities of de-trended real wages and inflation and replacement rates6 during the EMU period. Secondly, we build a DS ...
... the quantitative relevance of such institutions in determining differentials in inflation behavior. We do so in two steps. We first document a negative empirical relation between volatilities of de-trended real wages and inflation and replacement rates6 during the EMU period. Secondly, we build a DS ...