AD and Fiscal Policy|3.13 Economic Growth and LRAS 经济增长和长期的总供给曲线 02:59 25 ACDC经济学AS, AD and Fiscal Policy|3.11 Multiplier and Spending Practice 02:03 26 ACDC经济学AS, AD and Fiscal Policy|3.12 Multiplier and Taxes Practice 03:21 20 ACDC经济学AS, AD& Fiscal Policy|3.7Fisc...
这种情况不能等经济自己调整,需要政府出手拉动AD 【economic growth】 这一块只需要记住两个计算等式: growth in potential GDP=growth in labor force +growth in labor productivity growth in potential GDP=growth in technology+%growth in labor+%growth in capital(可以结合生产函数理解) #明天讲17. understand...
We treat the impact of entrepreneurship on real GDP growth as heterogeneous across countries. The methodology accounts for unobserved heterogeneity among countries in the optimal entrepreneurship rate and other factors affecting growth. In less developed countries, there is not enough entrepreneurship, and...
What is the "growth penalty" when a country's entrepreneurship deviates from its optimal level? We use data on entrepreneurship for a panel of developed and developing countries over 2003-2011 to estimate growth equations. We treat the impact of entrepreneurship on real GDP growth as heterogeneous...
I investigate the wealth distribution and endogenous fiscal policy in a two-class growth model in which individuals exhibit a desire for social status. The latter is increasing with individual wealth and decreasing with the average wealth of the society. First, I show that status-seeking is crucia...
The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in more than 70 economies over a period of 30 years. It addresses both the issues of reform measurement and its endogeneity. Specifically, by combining a difference-in-difference strate...
This article is looking into the issue of the causal relationship of women labor force participation in the economy, gender equality in education, and economic growth by using the standard time series techniques such as, VECM and VDC. The results of the paper tend to indicate that there is a...
Potential growthoccurs in the long-run and it is associated with the increase in quantity and/or quality of factors of production (this shifts the vertical part of the Keynesian AS curve; the vertical LRAS curve in a Monetarist diagram). ...
Global climate change caused by greenhouse gases (GHGs), particularly carbon dioxide (CO2) emissions, poses incomparable threats to human life, the environment, and development. The present study empirically investigates the dynamic impacts of economic growth, fossil fuel energy use, renewable energy us...
Inshort,itisdefinedas:PercentageChangeinRealGDP=3.5%-2theChangeintheUnemploymentRateIftheunemploymentrateremainsthesame,realGDPgrowsbyabout3.5percent.Foreverypercentagepointtheunemploymentraterises,realGDPgrowthtypicallyfallsby2percent.Hence,iftheunemploymentraterisesfrom5to8percent,thenrealGDPgrowthwouldbe:...