The Politics of Financial Crisis Response in Japan and the United
... fields that examine innovation processes and learning.9 It has been long known that innovative ideas and technologies are subject to spillover effects.10 While initial research and development is a costly process, subject to unintended consequences and frequent dead ends, once new ideas and technolo ...
... fields that examine innovation processes and learning.9 It has been long known that innovative ideas and technologies are subject to spillover effects.10 While initial research and development is a costly process, subject to unintended consequences and frequent dead ends, once new ideas and technolo ...
this publication - Chr. Michelsen Institute
... arrangements (licensing or joint ventures). Due to asymmetric information this is particularly the case with technologically advanced products. Markusen (1995) explains that an MNC has incentives not to reveal its process or product technology to a potential licensee. The licensee could reject the c ...
... arrangements (licensing or joint ventures). Due to asymmetric information this is particularly the case with technologically advanced products. Markusen (1995) explains that an MNC has incentives not to reveal its process or product technology to a potential licensee. The licensee could reject the c ...
Economic Survey of Singapore 2008 Prices Box 4.1
... experience in Hong Kong from 1999 to 2004 (Exhibit 3). First, greater economic integration between China and Hong Kong resulted in a price equalisation process, putting downward pressure on prices in Hong Kong1. Second, deflation was also thought to reflect a process of internal price adjustment in ...
... experience in Hong Kong from 1999 to 2004 (Exhibit 3). First, greater economic integration between China and Hong Kong resulted in a price equalisation process, putting downward pressure on prices in Hong Kong1. Second, deflation was also thought to reflect a process of internal price adjustment in ...
AP Economics - Loudoun County Public Schools
... AP Macro-Economics Unit III: MEASUREMENT OF ECONOMIC PERFORMANCE EPF.5a,b ...
... AP Macro-Economics Unit III: MEASUREMENT OF ECONOMIC PERFORMANCE EPF.5a,b ...
Medium Term Strategies for Achieving the Millennium Development
... labor supply especially the newly entrants lack the appropriate skills associated with quality jobs created by the private sector especially in manufacturing, construction, and finance. This challenge has been corroborated by the 2006 labor survey which indicated that more than 80 per cent of the un ...
... labor supply especially the newly entrants lack the appropriate skills associated with quality jobs created by the private sector especially in manufacturing, construction, and finance. This challenge has been corroborated by the 2006 labor survey which indicated that more than 80 per cent of the un ...
Debt policy in Euro-area countries: Evidence for Germany and Italy
... There is clear evidence that the integral is increasing. The lower part in figure 2 shows the estimated αt which is given by αt = α0 + α1 Soct + α2 intt . It should be noted that αt is negative but time variation is ignorable, that is αt does not vary with time other than with covariates. In additio ...
... There is clear evidence that the integral is increasing. The lower part in figure 2 shows the estimated αt which is given by αt = α0 + α1 Soct + α2 intt . It should be noted that αt is negative but time variation is ignorable, that is αt does not vary with time other than with covariates. In additio ...
Are Employed Managers and Self-employed
... puts are labour and capital. This is exactly the task that Jean-Baptiste Say claimed to be the most important. The entrepreneur is responsible for supplying jobs and offering opportunities to invest capital. Of course, he can also insert his own manpower and capital. The Bearing of Risk. Wage-earner ...
... puts are labour and capital. This is exactly the task that Jean-Baptiste Say claimed to be the most important. The entrepreneur is responsible for supplying jobs and offering opportunities to invest capital. Of course, he can also insert his own manpower and capital. The Bearing of Risk. Wage-earner ...
grenada - Forbescustom.com
... to boost activity in the agricultural sector and across the economy, while a draft electricity-supply bill, presented this May, aims to restructure the industry, promote renewables and cut power costs. Fiscal and other incentives are available to eligible investors who undertake priority investment ...
... to boost activity in the agricultural sector and across the economy, while a draft electricity-supply bill, presented this May, aims to restructure the industry, promote renewables and cut power costs. Fiscal and other incentives are available to eligible investors who undertake priority investment ...
Get - Wiley Online Library
... EU regional funds on regional disparities and convergence. On the other hand, one might well argue that national public investment policies may still play a role in reducing income disparities,2 which calls for country-specific analysis. In examining the role of public investment in reducing regional ...
... EU regional funds on regional disparities and convergence. On the other hand, one might well argue that national public investment policies may still play a role in reducing income disparities,2 which calls for country-specific analysis. In examining the role of public investment in reducing regional ...
The Scientific Contributions of Robert E. Lucas, Jr.
... Hence, the parameters may change with shifts in the policy regime. This is not only an academic point, but also important for economic-policy recommendations. The effects of policy regime shifts are often completely different if the agents' expectations adjust to the new regime than if they do not. ...
... Hence, the parameters may change with shifts in the policy regime. This is not only an academic point, but also important for economic-policy recommendations. The effects of policy regime shifts are often completely different if the agents' expectations adjust to the new regime than if they do not. ...
the benefit system - Ministry of Social Development
... Unemployment Unemployment formally recognised as such as been a persistent problem in most advanced economies since the oil shocks of the 1970s signalled the end of the long economic boom which followed World War II. In most of the European community countries in particular, unemployment rates have ...
... Unemployment Unemployment formally recognised as such as been a persistent problem in most advanced economies since the oil shocks of the 1970s signalled the end of the long economic boom which followed World War II. In most of the European community countries in particular, unemployment rates have ...
Volume 36, Issue 4
... Our estimates of LRDGDP,INF are larger than the significant ones available, for instance, in Bullard and Keating (1995), namely those for Austria, Germany, Finland and the UK. However, it is also true that from the early sixties to 1992 - their observation period - inflation yearly rates ranged from ...
... Our estimates of LRDGDP,INF are larger than the significant ones available, for instance, in Bullard and Keating (1995), namely those for Austria, Germany, Finland and the UK. However, it is also true that from the early sixties to 1992 - their observation period - inflation yearly rates ranged from ...
7. Medium-Term Projections
... growth in this period. Against the weak course of exports, imports continued to boost, leading to further negative contribution of net external demand to growth. Thus, the divergence between the paces of recovery in domestic and external demand became more pronounced in this period. Employment condi ...
... growth in this period. Against the weak course of exports, imports continued to boost, leading to further negative contribution of net external demand to growth. Thus, the divergence between the paces of recovery in domestic and external demand became more pronounced in this period. Employment condi ...
Fiscal Stimulus: A Neoclassical Perspective
... calibrated in the real business cycle literature (e.g. King and Rebelo, 1999). This observation relates the present investigation to a series of recent articles applying the neoclassical growth model to the study of the Great Depression.1 Imposing the historically observed times series for TFP this ...
... calibrated in the real business cycle literature (e.g. King and Rebelo, 1999). This observation relates the present investigation to a series of recent articles applying the neoclassical growth model to the study of the Great Depression.1 Imposing the historically observed times series for TFP this ...
The Political Economy of Transition in Resource
... resource-rich countries immediately faces the problem that along certain dimensions these patterns have differed quite dramatically between say Kazakhstan on the one hand and Turkmenistan on the other (Gürgen et al., 1999; Kalyuzhnova et al., 2001; Pomfret, 2002). However, we propose a political eco ...
... resource-rich countries immediately faces the problem that along certain dimensions these patterns have differed quite dramatically between say Kazakhstan on the one hand and Turkmenistan on the other (Gürgen et al., 1999; Kalyuzhnova et al., 2001; Pomfret, 2002). However, we propose a political eco ...
Explaining persistent unemployment in Eastern Germany
... by sufficient levels of labor demand generated by a reindustrialization of manufacturing coupled with a revitalization of the service sector. (2) A curious pattern of privatization led to a shift in corporate headquarters to the western region of Germany. A related pattern of reindustrialization is e ...
... by sufficient levels of labor demand generated by a reindustrialization of manufacturing coupled with a revitalization of the service sector. (2) A curious pattern of privatization led to a shift in corporate headquarters to the western region of Germany. A related pattern of reindustrialization is e ...
Concepts and Measurements of Economic Interdependence: The
... Barbieri (1996), Nagayasu (2010) and Zhang (1995). The two main attributes of economic interdependence are sensitivity and vulnerability, which have been well-studied in the field of international relations, but not extensively in the field of applied economics. In the past, the economic interdepend ...
... Barbieri (1996), Nagayasu (2010) and Zhang (1995). The two main attributes of economic interdependence are sensitivity and vulnerability, which have been well-studied in the field of international relations, but not extensively in the field of applied economics. In the past, the economic interdepend ...
Oil Shocks and Economic Growth in OPEC countries
... Levin and Loungani (1996) also reported significant differences in GDP response to oil price shocks for G-‐7 countries. Limin et al. (2010) investigate the relationship between the world ...
... Levin and Loungani (1996) also reported significant differences in GDP response to oil price shocks for G-‐7 countries. Limin et al. (2010) investigate the relationship between the world ...
Explaining Persistent Unemployment in Eastern Germany
... by sufficient levels of labor demand generated by a reindustrialization of manufacturing coupled with a revitalization of the service sector. (2) A curious pattern of privatization led to a shift in corporate headquarters to the western region of Germany. A related pattern of reindustrialization is e ...
... by sufficient levels of labor demand generated by a reindustrialization of manufacturing coupled with a revitalization of the service sector. (2) A curious pattern of privatization led to a shift in corporate headquarters to the western region of Germany. A related pattern of reindustrialization is e ...
Inflation, factor substitution and growth
... Among the first authors to analyse the inflation-growth relationship in pooled cross-section time series regression for a large set of countries were Fischer (1993) and De Gregorio (1993). They found evidence for a negative link that was also confirmed by Barro (1995, 1996). Barro’s studies covered ...
... Among the first authors to analyse the inflation-growth relationship in pooled cross-section time series regression for a large set of countries were Fischer (1993) and De Gregorio (1993). They found evidence for a negative link that was also confirmed by Barro (1995, 1996). Barro’s studies covered ...
Mark Setterfield Yun K. Kim Jeremy Rees Inequality, Debt Servicing
... Cynamon and Fazzari, 2008; Barba and Pivetti, 2009; Wisman, 2013; Setterfield, 2013). According to Setterfield and Kim (2013), in the presence of emulation effects in consumption behavior and fundamental uncertainty about the long-term consequences of debt accumulation, rising income inequality of ...
... Cynamon and Fazzari, 2008; Barba and Pivetti, 2009; Wisman, 2013; Setterfield, 2013). According to Setterfield and Kim (2013), in the presence of emulation effects in consumption behavior and fundamental uncertainty about the long-term consequences of debt accumulation, rising income inequality of ...
Post–World War II economic expansion
""Golden Age of capitalism"" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque.The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s.During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Greece (Greek economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Japan (Japanese post-war economic miracle), and Italy (Italian economic miracle).