Lectures 1 (second part) and Lecture 2: Introduction to the Solow Growth Model The Solow growth model is a workhorse for many macro applications, and it is the starting place for the modern theory of economic growth. Here we begin with the basics of this model, which will already be ...
We took decisive measures to step up macro policy support while refraining from adopting a deluge of strong stimulus policies that would eat into our potential for future growth. We worked relentlessly to ensure stability on six fronts and security in six areas, * with a particular emphasis on ...
Our country should accelerate theeconomicgrowth. 我国应加快经济增长. 《简明英汉词典》 Investments turned down considerably during theeconomiccrisis. 在经济危机中,投资大大减少了. 《简明英汉词典》 Theeconomicdepression hits shipbuilding industry badly. ...
How is economic growth measured? Economic growth is difficult to measure accurately. Counting the number of televisions manufactured in a country is one thing. But once we get into services orintangible productssuch as intellectual property or research output, things get a little muddled. As a res...
It is well-known that share of agriculture in an economy measured by gross domestic products (GDP) and in a country's total employment is falling during economic growth, that is, growth is commonly accompanied by structural change. What is the implication of structural change to the role of ...
___the global financial and economic crisis hit the country's exports hard late last year, the Chinese authorities have recognized the___to move away from reliance on export and investment for growth. And, to___domestic consumption as a key growth engine, a national consensus has been develo...
on the health of the Great Barrier Reef, oceans and sea life, preventing current and future generations from enjoying nature's beauty. Try applied economic exercise 1, p. 00 2.2 The measurement of economic growth As noted, economic growth exists when a country's economy gets bigger over time...
In recent years there has been a marked growth of fire accidents in big cities of our country. Almost every day we see fire engines rushing through the streets. Fires have not only resulted in heavy economic losses but also injured and killed many people. ...
On the demand side, a number of factors push costs up. Population growth, particularly among the middle class, is one. In addition, better housing is typically the first thing individuals spend on when they have an upward bump in disposable income, and then, as househol...
Economic Growth, and Regional Inequality *in China We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth patterns can be understood as a function of several interrelated factors, which include investment in physical capital, human ca...