and growth.Efficiencyandequityconcern the processes of production and consumption (and are concepts that fall under microeconomics).Stabilityandgrowthapply to the overall performance of an economy (and are concepts that fall under macroeconomics). When analyzed economically with regard to pollution (or ...
The article presents alternative perspectives, arguing that (1) the risk of geopolitical competition over critical materials for renewable energy is limited; (2) the resource curse as we know it from the petroleum sector will not necessarily reappear in many countries in connection with renewable ...
Crowding-Out Effect The crowding-out effect is a phenomenon in economics that occurs when increased government spending or intervention in a specific sector of the economy leads to a decrease in private sector spending. This effect is a critical concept in fiscal policy and macroeconomics, shedding...
Most public firms rely on banks for their credit needs, tying their outcomes to the health of the banking sector. In order to examine the role of the bond market in crisis, we develop a novel classification of firms based on both their current and past debt choices. Specifically, we ...
The automobile sector is one of the four main sectors described in macroeconomics. True/False? State true or false and justify your answer: The government plays no role in the United States economy. Consider an economy with production. At an ef...
Using long historical data for Britain over the period 1620–2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the ability...
The new measure of economic development proposed in the article encompasses a complex spectrum of phenomena in one number, as it takes into account the influence of the public administration sector, as well as top technology in the form of ICT and its practical business models. It also takes ...
The Report: Bahrain 2011 will be a vital guide to the many facets of the Kingdom, including its macroeconomics, infrastructure, political landscape, banking and other sectoral developments. The report will include a detailed, sector-by-sector guide for foreign investors. It will als...
together with a detailed, sector-by-sector guide for investors. It will mark the culmination of more than six months of field research by a team of analysts from OBG. The publication assesses trends and developments across the economy, including macroeconomics, infrastructure, banking and other se...