Barriers to Foreign Direct Investment Under Political Instability
... (Corkran 1991). Of course, whether host countries respect such agreements ex post is not obvious. A more important factor that reduced the incentives to nationalize multinational corporations was the failure of state-owned enterprises. As mentioned earlier, more than 35 percent of the enterprises th ...
... (Corkran 1991). Of course, whether host countries respect such agreements ex post is not obvious. A more important factor that reduced the incentives to nationalize multinational corporations was the failure of state-owned enterprises. As mentioned earlier, more than 35 percent of the enterprises th ...
Capital and Production
... translation is due to the efforts of Professor Hans-Hermann and Mrs. Margaret Hoppe, and has been made possible by a gift to the Mises Institute by Dr. Mark Skousen. It has been distributed for some time as a typewritten manuscript and is only now being published as a book complete with an index. In ...
... translation is due to the efforts of Professor Hans-Hermann and Mrs. Margaret Hoppe, and has been made possible by a gift to the Mises Institute by Dr. Mark Skousen. It has been distributed for some time as a typewritten manuscript and is only now being published as a book complete with an index. In ...
01/2014 Esteban Pérez Caldentey and Matías Vernengo Raúl Prebisch and Economic Dynamics:
... a regular line of advance, and in more modern terms, that it is only compatible with ‘Steady State Growth,’ a concept and expression that became a fundamental part of the mainstream toolkit only a decade later. And he correctly understood that Steady State Growth is determined by the rate of growth ...
... a regular line of advance, and in more modern terms, that it is only compatible with ‘Steady State Growth,’ a concept and expression that became a fundamental part of the mainstream toolkit only a decade later. And he correctly understood that Steady State Growth is determined by the rate of growth ...
Some Lessons for Monetary Policy Based on Interest Rates Rules
... substituted by other monetary rules allowing price stability without convertible money. A monetary rule based on money supply does not appear effective in a monetary economy based on credit and flexible exchange rates. The Wicksell’s theory, or his hypothesis as he preferred to call it, takes as de ...
... substituted by other monetary rules allowing price stability without convertible money. A monetary rule based on money supply does not appear effective in a monetary economy based on credit and flexible exchange rates. The Wicksell’s theory, or his hypothesis as he preferred to call it, takes as de ...
The Case of General Purpose Technologies
... the past would be the steam engine, electricity, and in the last years information and communication technology (ICT). New generation technologies, and specifically nanotechnology (Youtie et al., 2008), have the high potential to become GPTs in the near future. The term itself was introduced into th ...
... the past would be the steam engine, electricity, and in the last years information and communication technology (ICT). New generation technologies, and specifically nanotechnology (Youtie et al., 2008), have the high potential to become GPTs in the near future. The term itself was introduced into th ...
CHAPTER VIII
... converges towards the value of labour power, which depends on “historical and moral” factors and which can change over the medium or long term. However, in Marx’s analysis, changes in the real wage and in the rate of surplus value appear to be determined exclusively in the labour market. Let us ...
... converges towards the value of labour power, which depends on “historical and moral” factors and which can change over the medium or long term. However, in Marx’s analysis, changes in the real wage and in the rate of surplus value appear to be determined exclusively in the labour market. Let us ...
economics 1a - Together We Pass
... 2.4 Solutions to the central questions: an introduction to economic systems .........................25 Economics in action (looking back) ...........................................................................................27 ...
... 2.4 Solutions to the central questions: an introduction to economic systems .........................25 Economics in action (looking back) ...........................................................................................27 ...
STRUCTURAL DYNAMICS AND LATTER
... consumption of manufactured goods, grows at the same rate. Therefore, if the proportion of inputs allocated to each sector is constant, the consumption of manufactured and primary goods and of services grows at different rates, in line with diverse forms of technical change as well as, ...
... consumption of manufactured goods, grows at the same rate. Therefore, if the proportion of inputs allocated to each sector is constant, the consumption of manufactured and primary goods and of services grows at different rates, in line with diverse forms of technical change as well as, ...
The Philosophical Underpinnings of Production of Commodities by
... This points to the subtitle of the book, ‘prelude to a critique of economic theory’. To understand the significance of this claim one needs to put the two claims together. First it is claimed that the propositions of the book do not admit of any change and then it is claimed that these propositions ...
... This points to the subtitle of the book, ‘prelude to a critique of economic theory’. To understand the significance of this claim one needs to put the two claims together. First it is claimed that the propositions of the book do not admit of any change and then it is claimed that these propositions ...
Frank Plumpton Ramsey: The Economic Phenomenon Who Died
... the economic growth. This task is different from modelling a partial market equilibrium or creating supply or demand for one good. A macroeconomic analysis cannot contain the economic growth. This task is different fromthe modelling partialbemarket equilibrium these specific microeconomic problems b ...
... the economic growth. This task is different from modelling a partial market equilibrium or creating supply or demand for one good. A macroeconomic analysis cannot contain the economic growth. This task is different fromthe modelling partialbemarket equilibrium these specific microeconomic problems b ...
Role of Human Capital in Economic Development: An Empirical
... Nigeria’s overarching objective since independence in 1960 has been to achieve stability, material prosperity, peace and social progress. However, this has been hampered as a result of internal problems. These include inadequate human development, primitive agricultural practices, weak infrastructur ...
... Nigeria’s overarching objective since independence in 1960 has been to achieve stability, material prosperity, peace and social progress. However, this has been hampered as a result of internal problems. These include inadequate human development, primitive agricultural practices, weak infrastructur ...
1 New Theoretical Perspectives on the Distribution of Income and
... facts. But on the face of it, this would suggest that they cannot explain the markedly different new stylized facts. It would seem that a new set of theories is required. This paper argues that only a slight (in the technical sense) modification of the old theories is required; but that while ...
... facts. But on the face of it, this would suggest that they cannot explain the markedly different new stylized facts. It would seem that a new set of theories is required. This paper argues that only a slight (in the technical sense) modification of the old theories is required; but that while ...
THE GREAT DIVERGENCE REVISITED: INDUSTRIALIZATION
... accumulation in the modern sector profitable. The simulations of the unified growth model in Jones (2001) demonstrate a very strong effect of proper institutions on the timing of take-off. Good policies and institutions can significantly alter the incentives and abilities of agents to adopt new tech ...
... accumulation in the modern sector profitable. The simulations of the unified growth model in Jones (2001) demonstrate a very strong effect of proper institutions on the timing of take-off. Good policies and institutions can significantly alter the incentives and abilities of agents to adopt new tech ...
Michael
... This paper was written while the author was a consultant to the Strategy and Trade Division of the Country Policy Department of the World Bank. The World Bank does not accept responsibility for the views expressed, which are those of the author and should not be attributed to the World Bank or its a ...
... This paper was written while the author was a consultant to the Strategy and Trade Division of the Country Policy Department of the World Bank. The World Bank does not accept responsibility for the views expressed, which are those of the author and should not be attributed to the World Bank or its a ...
Document
... to manufacturing driven purely by capital accumulation, as in standard dual growth models. Under our assumptions, however, the model generates much richer dynamics, with structural transformation interacting with the political balance of power. In the initial, primarily agrarian phase, land is the m ...
... to manufacturing driven purely by capital accumulation, as in standard dual growth models. Under our assumptions, however, the model generates much richer dynamics, with structural transformation interacting with the political balance of power. In the initial, primarily agrarian phase, land is the m ...
PDF - Real
... This expression for the rate of growth of the numerator of the wealth/income ratio β=W/Y makes it possible to examine how s, r, and Yl affect this ratio, given the rate of growth of its denominator g: a) β will increase if and only if s×(r + Yl/W) > g, b) β will decrease if and only if s×(r + Yl/W) ...
... This expression for the rate of growth of the numerator of the wealth/income ratio β=W/Y makes it possible to examine how s, r, and Yl affect this ratio, given the rate of growth of its denominator g: a) β will increase if and only if s×(r + Yl/W) > g, b) β will decrease if and only if s×(r + Yl/W) ...
Input–Output Analysis from a Wider Perspective: a Comparison of
... problem disappeared from the scene, or rather was eventually replaced by given ‘value added’ coefficients in Leontief’s price equations (see Leontief, 1941). The difficulty with this approach is that the magnitudes of value added per unit of output in the different industries cannot generally be det ...
... problem disappeared from the scene, or rather was eventually replaced by given ‘value added’ coefficients in Leontief’s price equations (see Leontief, 1941). The difficulty with this approach is that the magnitudes of value added per unit of output in the different industries cannot generally be det ...
The Industrial Revolution in Theory and in History
... 1750 (Clark (2001)). Thus we can calculate long run technological advance at a world scale before 1800 just by looking at long run population growth, as Kremer (1993) pointed out. Table 1 shows this calculation. As can be seen, for the world as a whole there is no period before 1700 when the calcula ...
... 1750 (Clark (2001)). Thus we can calculate long run technological advance at a world scale before 1800 just by looking at long run population growth, as Kremer (1993) pointed out. Table 1 shows this calculation. As can be seen, for the world as a whole there is no period before 1700 when the calcula ...
Factor Market Distortions Across Time, Space and Sectors in China
... reductions in distortions that we expect to accompany the processes of economic transition and development. In this paper, we measure the impact on aggregate TFP of distortions in factor allocation across provinces and sectors in China and investigate the contribution of changes in these distortions ...
... reductions in distortions that we expect to accompany the processes of economic transition and development. In this paper, we measure the impact on aggregate TFP of distortions in factor allocation across provinces and sectors in China and investigate the contribution of changes in these distortions ...
Measuring Intangible Capital with Uncertainty
... development. People conventionally think that the uncertainty associated with intangible capital is higher than that of the physical capital1 , so it is expensed and written o from the balance sheet of the rms. However, recent research in cross-section stock returns suggest that it may not be the ...
... development. People conventionally think that the uncertainty associated with intangible capital is higher than that of the physical capital1 , so it is expensed and written o from the balance sheet of the rms. However, recent research in cross-section stock returns suggest that it may not be the ...
Chapter 3
... have grown rapidly over the past 150 years – While other nations such as Bangladesh have experienced virtually zero growth. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Macroeconomics 2e by Dornbusch, Bodman, Crosby, Fischer, Startz Slides prepared by Dr Monica Keneley ...
... have grown rapidly over the past 150 years – While other nations such as Bangladesh have experienced virtually zero growth. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Macroeconomics 2e by Dornbusch, Bodman, Crosby, Fischer, Startz Slides prepared by Dr Monica Keneley ...
Measuring Intangible Capital with Uncertainty
... development. People conventionally think that the uncertainty associated with intangible capital is higher than that of the physical capital1 , so it is expensed and written o from the balance sheet of the rms. However, recent research in cross-section stock returns suggest that it may not be the ...
... development. People conventionally think that the uncertainty associated with intangible capital is higher than that of the physical capital1 , so it is expensed and written o from the balance sheet of the rms. However, recent research in cross-section stock returns suggest that it may not be the ...
ARCHIVE: MARX, CLASSICAL POLITICAL ECONOMY AND THE
... receive as much in wages (measured in labour) from the employer as he gives in labour then profit, surplus accruing to the employer, would be impossible, and hence too the capitalist economy which is based on this profit .)22) And since both profit and capitalism do in fact exist, no exchange of equ ...
... receive as much in wages (measured in labour) from the employer as he gives in labour then profit, surplus accruing to the employer, would be impossible, and hence too the capitalist economy which is based on this profit .)22) And since both profit and capitalism do in fact exist, no exchange of equ ...
NBER WORKING PAPER SERIES GROWTH ACCOUNTING Charles R. Hulten Working Paper 15341
... This review builds on, and expands, my 2001 survey of the topic. As with any survey, space considerations limit the material than can be covered and choices have been made with which others may quibble. A survey of the growth accounting field is particularly hard because of the nature of the field, ...
... This review builds on, and expands, my 2001 survey of the topic. As with any survey, space considerations limit the material than can be covered and choices have been made with which others may quibble. A survey of the growth accounting field is particularly hard because of the nature of the field, ...
- The International Institute of Social and Economic
... The financial system was completely different in the planned Czechoslovak economy (before 1989) from what it is in a market economy. The former financial system generated special processes. An environment of centrally planned economy combined with non-democratic political system created specific fea ...
... The financial system was completely different in the planned Czechoslovak economy (before 1989) from what it is in a market economy. The former financial system generated special processes. An environment of centrally planned economy combined with non-democratic political system created specific fea ...