| | | knowledge capital can be created through a system of government subsidies for education and research and development. | | | economic growth can only be sustained if capital depreciates rapidly. | 10 points Question 5 In a small European country, it is estimated that changing the level of capital from $8 million to $10 million will increase real GDP from $2 million to $3
By using the results of the first regression, I construct the policy index by combining the coefficients of investment, trade openness and inflation. Moreover, I construct the economic environment index by using the first regression results of the governance indicators. In the previous studies of Gomanee, Girma and Morrisey (2002), Ekanayake and Chatrna (2010), and Morrisey (2002), they found that the effectiveness of aid depends on the macroeconomic policy of recipient countries. If one country does not implement the good fiscal policy, monetary policy, and trade policy, it will fail in aid effectiveness. When the recipient countries have good policy, they will use the aid for investing in new technology, capital, and education that can increase the productive capacity and labor productivity.
Countries are measured by two standards; developing and advanced economies . During the past fifteen years developing countries have seen huge growth, and advanced nations have seen only minimal growth. Growth in these developing nations can be attributed to the catch up effect but many of these countries are experiencing growth in technology due to globalization. The government can also play a vital role in encouraging economic growth by promoting policies that enhance foreign investments, education , property rights and health care. Gross Domestic Product was first introduced by economist John Maynard Keynes in 1939 to measure the inflation rate in Britain after the first World War.
Lori Long Dr. Elizabeth Hodges BITE 6426-601 March 14, 2010 Book Review 2 on “A Whole New Mind: Why Right Brainers Will Rule the Future” The author of this book, Daniel H. Pink, focuses on the differences of left-brained versus the right-brained individuals within the last century. Pink asserts that our culture is “moving from an economy and a society that is built on the logical, linear, and computer like capabilities of the Informational Age to an economy and a society that is built on the inventive, empathic, big-picture capabilities of what’s rising in its place, the Conceptual Age”. (Pink 2) In part two of this book, Pink wants the readers to understand that there are six aptitudes to professional and personal accomplishment that he believes are crucial to one’s success. Pink introduced these six aptitudes as design, story, symphony, empathy, play and meaning. Pink believes that every individual has the ability to acquire these aptitudes to their life.
Skirt Length Theory | As An Economic Indicator | | Tia Ingram | | Arkansas School for Mathematics, Sciences, and the Arts | Fundamentals in Research Methods Dr. Charles Mullins 1 February 2012 Tables of Contents Section Title Page Number # Introduction 3 Economic Indicators 4 Development of Skirt Length Theory 7 Arguments Correlating Fashion with the Economy 10 Procedures 11 Data & Results 14 Discussion & Conclusion 22 Works Cited 27 Tia Ingram FIRM-Mullins Final Draft Skirt Length Theory Introduction There are many economic factors that are used to measure the overall prosperity of the economy, but it has been questioned if there are other ways of measuring the prosperity of the economy. There has been a substantial amount of literature aimed at understanding consumer behavior towards fashion. However, there has been a small amount of studies attempting to quantify the process of fashion change itself (Docherty & Hann, 1993. Pp 283-287). Skirt Length Theory suggests that the popular length of women's skirts correlates with the economy due to the level of consumer confidence; however, current fashion and economic trends seem to refute this claim.
"The World Trade Organization System offers the best opportunities for developing countries to be integrated into the World Economy" The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.About two thirds of the WTO’s around a hundred and fifty members are developing countries. They play an increasingly important and active role in the WTO because of their numbers, due to the fact they are becoming more important in the global economy, and because they increasingly look to trade as a vital tool in their development efforts. Developing countries are a highly diverse group often with very different views and concerns. The WTO deals with the special needs of developing countries in three ways: the WTO agreements contain special provisions on developing countries, the Committee on Trade and Development is the main body focusing on work in this area in the WTO, and the WTO Secretariat provides technical assistance (mainly training of various kinds) for developing countries.
a) HF is a private foundation which gives grants to some focused areas. In recent years, because of significant growth in assets, gifts and grants paid had increased substantially. In response to this circumstance, HF needs to gain more return on their invested assets because it is the only source of income. Besides, the capital market assumptions made by them need to be modified reflected an anticipated environment of lower expected returns resulting from low interest rates, stable macroeconomic conditions, and high valuations of virtually all investment assets. Since the points mentioned above, HF proposes a new investment policy to reallocate their asset position (reduce the domestic public equities from 30% to 21%, increase absolute-return strategies from 10% to 20% and TIPS from 7% to 13%, implement the program called “equitization” and “bondiztion” on absolute-return strategies).
Taking Sides: Is Bigger Government Better Government? Introduction to American Politics, Professor J. Carter Written by Adam Raymond In “Taking Sides, Issue 3”, humanities professor Jeff Madrick surveyed the numerous government interventions in the economy since the end of World War II and concluded that they have been essential to America's growth and well being. ““Bigger government could create more jobs and more money in additional sales, and has also had a positive effect on the education system.” Madrick continues: “Better education leads to less crime, less need for special education programs, and less need for welfare.” Madrick believes that government regulation can “make economies work better...reduce corruption, monopolistic pricing...[they] can temper financial speculation which distorts the flow of capital toward inefficient uses” (p.42). “When done well, regulation keeps competition honest and free, enables customers to know and understand the products they receive, and foster new ideas” (p.43).” Madrick continues to summarize many other points, stating, “Government is needed to make some things a standard across the board”, such as public water system, railroads, and the highway system. He continues by stating the National Institute of Health has been expanded due to government backing that “accounted for high proportion of medical breakthroughs.” He further illustrates this point citing the Department of Defense, and how Federal money in the 1960s eventually helped create things like the internet.
According to Todaro & Smith (2003), two main approaches are usually used to calculate national income. Initially, the gross national product (GNP) is defined to be the total value of final goods and services produced by the residents’ assets. Then, with the rapid expansion of economic globalization, another index named the gross domestic product (GDP) is increasingly adopted in official reports and academic researches. This index could show the level of the total value produced by an economy. Briefly, the main difference between GNP
Largely dominated intellectually by the mid-nineteenth century the author will also examine how the Malthusian theory continues to reappear in improved new forms especially in the 20th century where it takes the form of neo-Malthusian ecology (Nevedev, 2012). With regards to production capacity and population growth Malthus’ hypothesis has been vulnerable to substantial criticism. One of the main criticisms of the Malthusian theory compared to the Neo-Malthusian theory was that Malthus’ did not put into consideration the possibility that technological improvements along with capital accumulation were forces strong enough to relax population pressure eventually improving individual’s conditions (Burkett, 1998). In his theory, Malthus claimed that as a result of diminishing marginal productivity combined with a fixed or set amount of land and growing population, individual will continue to live at a subsistence level. Applying various basic aspects of the Malthusian theory, the Neo-Malthusian thinking is a modern branch of the latter.