COUNTRY PROFILE
... Progress towards increasing the R&D intensity Croatia had an R&D intensity of 0.84% in 2009, a value which is considerably lower than the EU average of 2.01%. R&D intensity in Croatia has fluctuated over the last decade. More precisely, it decreased from 1.05% in 2004 to 0.76% in 2006, slightly incr ...
... Progress towards increasing the R&D intensity Croatia had an R&D intensity of 0.84% in 2009, a value which is considerably lower than the EU average of 2.01%. R&D intensity in Croatia has fluctuated over the last decade. More precisely, it decreased from 1.05% in 2004 to 0.76% in 2006, slightly incr ...
Chapter 2 - Economics
... Impact on investment depends on definition of “profits” • If the law used our definition (rental price minus cost of capital), then the tax doesn’t affect investment. • In our definition, depreciation cost is measured using the current price of capital. • But, legal definition uses the historical pr ...
... Impact on investment depends on definition of “profits” • If the law used our definition (rental price minus cost of capital), then the tax doesn’t affect investment. • In our definition, depreciation cost is measured using the current price of capital. • But, legal definition uses the historical pr ...
PROBLEMS AND SOLUTIONS for B-level course Joakim Persson
... Problem 3.1: Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: A. A wave of immigration increases the labor force. B. An earthquake destroys some of the capital stock. C. A technological advance im ...
... Problem 3.1: Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: A. A wave of immigration increases the labor force. B. An earthquake destroys some of the capital stock. C. A technological advance im ...
Winners and Losers in Housing Markets
... of tangible assets, the loss of utility from rented housing and the tightness of collateral constraints as exogenous parameters.1 The interaction between the collateral constraint and the loss of utility from renting a house turns out to generate a typical pattern of consumption and housing over a ...
... of tangible assets, the loss of utility from rented housing and the tightness of collateral constraints as exogenous parameters.1 The interaction between the collateral constraint and the loss of utility from renting a house turns out to generate a typical pattern of consumption and housing over a ...
Interest Rates and Monetary Policy Uncertainty
... The issue of whether the present value of future transfers belongs in the marketable wealth of households or not plays a crucial role in the pricing of nominal bonds. This is because in this paper unexpected money growth conveys information about future money growth and hence affects the stock of re ...
... The issue of whether the present value of future transfers belongs in the marketable wealth of households or not plays a crucial role in the pricing of nominal bonds. This is because in this paper unexpected money growth conveys information about future money growth and hence affects the stock of re ...
Winners and Losers in Housing Markets
... of tangible assets, the loss of utility from rented housing and the tightness of collateral constraints as exogenous parameters.1 The interaction between the collateral constraint and the loss of utility from renting a house turns out to generate a typical pattern of consumption and housing over a ...
... of tangible assets, the loss of utility from rented housing and the tightness of collateral constraints as exogenous parameters.1 The interaction between the collateral constraint and the loss of utility from renting a house turns out to generate a typical pattern of consumption and housing over a ...
A Primer on Floating-Rate Notes
... © 2011, Fannie Mae. This document is based upon information and assumptions (including financial, statistical or historical data and computations based upon such data) that we consider reliable and reasonable, but we do not represent that such information, assumptions, data or computations are accur ...
... © 2011, Fannie Mae. This document is based upon information and assumptions (including financial, statistical or historical data and computations based upon such data) that we consider reliable and reasonable, but we do not represent that such information, assumptions, data or computations are accur ...
Employment Policies - ITC-ILO
... these may be a temporary response to specific shocks and crises, public works programmes can also have a longer-term horizon. • Employment Guarantee Programmes / Schemes (EGP/S) which refer to long-term rights-based programmes in which some level of entitlement to work is provided. ...
... these may be a temporary response to specific shocks and crises, public works programmes can also have a longer-term horizon. • Employment Guarantee Programmes / Schemes (EGP/S) which refer to long-term rights-based programmes in which some level of entitlement to work is provided. ...
OECD Territorial Reviews: Northern Sparsely Populated Areas
... throughout the region. The region will need to make the most of its potential workforce to support its economic development priorities. This can be achieved by: a. ...
... throughout the region. The region will need to make the most of its potential workforce to support its economic development priorities. This can be achieved by: a. ...
Swaziland: Policy Options and Strategies for Stimulating Fixed
... level of employment and economic opportunity largely explain the relatively high share of household and government consumption expenditures. As income stagnated, households exhausted their income and depleted their savings to prevent a loss of consumption. It is also likely that government salaries ...
... level of employment and economic opportunity largely explain the relatively high share of household and government consumption expenditures. As income stagnated, households exhausted their income and depleted their savings to prevent a loss of consumption. It is also likely that government salaries ...
Wells Fargo/BlackRock Short-Term Investment Fund Disclosure
... exposed to the risk that the other party will not fulfill its contract obligation. Similarly, the Fund is exposed to the same risk if it engages in a reverse repurchase agreement where a broker-dealer agrees to buy securities and the Fund agrees to repurchase them at a later date. Debt securities an ...
... exposed to the risk that the other party will not fulfill its contract obligation. Similarly, the Fund is exposed to the same risk if it engages in a reverse repurchase agreement where a broker-dealer agrees to buy securities and the Fund agrees to repurchase them at a later date. Debt securities an ...
NBER WORKING PAPER SERIES HOUSEHOLD LEVERAGING AND DELEVERAGING Alejandro Justiniano Giorgio E. Primiceri
... The evolution of U.S. households’ debt since the turn of the XXI century has been remarkable. As shown in figure 1.1, the ratio of mortgage debt to GDP rose by about 30 percentage points between 2000 and the beginning of the financial crisis, three times more than in the previous episode of credit e ...
... The evolution of U.S. households’ debt since the turn of the XXI century has been remarkable. As shown in figure 1.1, the ratio of mortgage debt to GDP rose by about 30 percentage points between 2000 and the beginning of the financial crisis, three times more than in the previous episode of credit e ...
What is A Current Liability?
... B. IFRS requires disclosure (but not accrual) of two types of contingent liabilities: (1) possible obligations whose existence will be confirmed by some uncertain future events that the company does not control, and (2) a present obligation for which either it is not probable that a future outflow w ...
... B. IFRS requires disclosure (but not accrual) of two types of contingent liabilities: (1) possible obligations whose existence will be confirmed by some uncertain future events that the company does not control, and (2) a present obligation for which either it is not probable that a future outflow w ...
PDF
... Growth is conceived by politicians to be the standard key recipe to improve the difficult unemployment situation in Europe. On the other hand, the basic notion used by economists to explain the persistent high unemployment is the hypothesis of the NAIRU or the equilibrium rate of unemployment, the m ...
... Growth is conceived by politicians to be the standard key recipe to improve the difficult unemployment situation in Europe. On the other hand, the basic notion used by economists to explain the persistent high unemployment is the hypothesis of the NAIRU or the equilibrium rate of unemployment, the m ...
Public Policy and Private Investment in Pakistan
... is less ambiguous. A clear consensus has emerged in recent years that, in contrast to developed countries, one of the principal constraints on investment in developing countries are quantity, rather than the cost of financial resources. The rates of return on investment in these countries typically ...
... is less ambiguous. A clear consensus has emerged in recent years that, in contrast to developed countries, one of the principal constraints on investment in developing countries are quantity, rather than the cost of financial resources. The rates of return on investment in these countries typically ...
Myths and Facts about Fiscal Discretion: A New Measure of
... that the last crisis was not a normal cyclical downturn but a deep recession, a rare event in OECD countries during the post-war era. However, the simple observation of large budget deficits and soaring government debts during the Great Recession cannot be taken as a signal of an expansionary discre ...
... that the last crisis was not a normal cyclical downturn but a deep recession, a rare event in OECD countries during the post-war era. However, the simple observation of large budget deficits and soaring government debts during the Great Recession cannot be taken as a signal of an expansionary discre ...
Benefits and Costs of Higher Capital Requirements
... Table 1 reports estimates for equations (1) through (3) for 22 banking crises in 1977–2008 in advanced industrial countries.5 It also reports corresponding estimates for six advanced economies that escaped a banking crisis in the 2007–08 period. The first column indicates the year the crisis began. ...
... Table 1 reports estimates for equations (1) through (3) for 22 banking crises in 1977–2008 in advanced industrial countries.5 It also reports corresponding estimates for six advanced economies that escaped a banking crisis in the 2007–08 period. The first column indicates the year the crisis began. ...
SVP-SV and Rising Interest Rates.indd
... economy by lowering short-term interest rates. The stable value returns were achieved with only a fraction of the volatility experienced by traditional fixed income investments. As the U.S. economy faces nearly unprecedented low yields, it is reasonable to assume that rates will eventually reverse c ...
... economy by lowering short-term interest rates. The stable value returns were achieved with only a fraction of the volatility experienced by traditional fixed income investments. As the U.S. economy faces nearly unprecedented low yields, it is reasonable to assume that rates will eventually reverse c ...
pressures and priorities
... Shifts in the level and structure of public spending in the UK have also been driven by political choices. Between 1997 and 2010, total public spending rose by an average of 3.4 per cent a year in real terms, compared to an average of 1.6 per cent a year between 1979 and 1997. During these periods, ...
... Shifts in the level and structure of public spending in the UK have also been driven by political choices. Between 1997 and 2010, total public spending rose by an average of 3.4 per cent a year in real terms, compared to an average of 1.6 per cent a year between 1979 and 1997. During these periods, ...
test #1 production possibilities / growth / circular flow
... 22) If the economy is currently producing at D, the opportunity cost of 40 more units of consumer goods is a) 5 units of capital goods b) 10 units of capital goods c) 15 units of capital goods d) 20 units of capital goods 23) Suppose two countries are each capable of individually producing two given ...
... 22) If the economy is currently producing at D, the opportunity cost of 40 more units of consumer goods is a) 5 units of capital goods b) 10 units of capital goods c) 15 units of capital goods d) 20 units of capital goods 23) Suppose two countries are each capable of individually producing two given ...
Country spreads and emerging countries: Who drives whom?
... level of economic development. Cantor and Packer conclude, based on their own work and the related literature extant, that there exists significant information content of macroeconomic indicators in the pricing of sovereign risk. In this body of work little is said about the need to control for the ...
... level of economic development. Cantor and Packer conclude, based on their own work and the related literature extant, that there exists significant information content of macroeconomic indicators in the pricing of sovereign risk. In this body of work little is said about the need to control for the ...
DEFICIT PICTURE GRIMMER THAN NEW CBO PROJECTIONS
... In this regard, the Administration’s budget for years after 2005 is likely to be something of an exercise in fiscal fantasy. Instead of being cut in half over the next five years, the deficit is likely to hold steady at above 3 percent of GDP through 2010, and from there to rise to approximately 3.9 ...
... In this regard, the Administration’s budget for years after 2005 is likely to be something of an exercise in fiscal fantasy. Instead of being cut in half over the next five years, the deficit is likely to hold steady at above 3 percent of GDP through 2010, and from there to rise to approximately 3.9 ...
the linkage between public and private investment
... they have not produced a consensus on whether public or private investment has a larger impact on economic activity and whether there is a link between the two. A frequently cited study by Aschauer [1989] highlighted the importance of public investment, indicating that the decline in public infrastr ...
... they have not produced a consensus on whether public or private investment has a larger impact on economic activity and whether there is a link between the two. A frequently cited study by Aschauer [1989] highlighted the importance of public investment, indicating that the decline in public infrastr ...
Long-Term Population, Housing and Economic
... Even with positive net international migration, the combination of increased interprovincial and intercity out-migration led to stagnant population growth in Winnipeg during the mid-1990s. However, net migration has increased gradually since then, especially on the intercity and international fronts ...
... Even with positive net international migration, the combination of increased interprovincial and intercity out-migration led to stagnant population growth in Winnipeg during the mid-1990s. However, net migration has increased gradually since then, especially on the intercity and international fronts ...