33 This seems to back up the observation that FDI occurs in more skill- and technology-intensive sectors. The opposite was found by Çelik and Basdas (2010). Their article is the second of the two studies in our review that uses FDI as the main explanatory factor for distributional ...
(1)expansion: This happens whenreal GDP increasesandnatural rate of unemployment decreases 扩张: 当实际GDP增长的时候, 自然失业率下降 (2)contraction: This happens when real GDP decreasesandnatural rate of unemployment increases 收缩: GDP负增长/下降, 自然失业率上升 Notice that if the contraction last...
A period of economic growth as measured by a rise in real GDP, meaning real gross domestic product. Expansion occurs when there is a sustained gap in the supply of Hospitality and Tourism products/services and their demand. globalization
EconomicGrowth Economicgrowthrepresentstheexpansionofacountry’spotentialGDPornationaloutput.Putdifferently,economicgrowthoccurswhenanation’sproduction-possibilityfrontier(PPF)shiftsoutward.Acloselyrelatedconceptisthegrowthrateofoutputperperson.Thisdeterminestherateatwhichthecountry’sstandardoflivingrising.DifferenceBetween...
the unemployed are deprived of the cash wage receipts required to make theirconsumptiondemands effective. Unemployment then spreads to consumer goods industries. Inexpansion, the opposite occurs: an increase in investment (or in government spending) leads to rehiring of workers out of the pool of ...
When growth in the economy promotes a structural change in the economy toward less polluting activity, the composition effect occurs. Technique effect states that developed economies use more resources for the replacement of dirty technology with clean technology when the quality of the environment is ...
From the empirical literature it is concluded that almost the opposite pattern actually occurs in the data. It is finally demonstrated that the weak, but significant, empirical pattern is easy to explain by (β): The elections generate promises, which give most real expansion in the second ...
Thus, when an increase in investment occurs, it raises income by some larger amount, depending on the value of the multiplier. That increase in income may in turn induce a further increase in investment. The new investment will stimulate a further multiplier process, producing additional income ...
employment rates rise, and consumer confidence strengthens. The peak phase occurs when the economy reaches its maximum productive output, signaling the end of the expansion. After that point, employment numbers and housing starts to decline, leading to a ...
investment losses, and firms going out of business. But they also show us something very important about how modern economies work: that unchecked growth and credit expansion funded by banks is unsustainable when it occurs without regard for fundamental constraints on the supply of goods and service...