indicator coverage by a specific model was influenced not only by its capacity to output the indicator but also by the models’ relevance in addressing them, as is the case, for example, with the GDP-related indicators, which only come from the macroeconomic models. Our study performs the fir...
Since 2010, China has surpassed Japan to become the world's second largest economy by nominal GDP and overtaken the United States as the world's largest economy in terms of purchasing power parity (PPP) since 2014. There is no doubt that China's astonishing, unprecedented economic performance ...
Our analysis provides results that will be of interest to researchers and policymakers. (i) We analyse the short and long-term impacts of COVID-19 in Tanzania on the tourism sector, the interlinked sectors, and the macro-economic indicators (e.g., GDP), (ii) we analyse the impacts on ...
(2009), which employs a multi-region computable general equilibrium (CGE) framework to examine different CAP policy scenarios to 2020. Under the ‘baseline’, or status quo scenario the CAP budget is cut by 20% in real terms (constant in nominal terms), via a 30% cut in pillar 1 and ...
GDP and the German stock market index, negatively affected by the government borrowing/GDP ratio, the real interest rate, the nominal effective exchange rate, the expected inflation rate, and the government bond yield in the euro area, and exhibits a quadratic relationship with the M2/GDP ratio...
followed by an upward trend. The rebound in trade and industry was very strong.Footnote12The real estate suffered a clear decline, but it rebounded strongly afterward. Nevertheless, according to data from China's National Bureau of Statistics, the SARS epidemic reduced China's GDP growth rate ...
And what does that in turn do to GDP? What is the effect of an individual saving money if the interest rate is less than the rate of inflation? Explain how the nominal exchange rate and domestic and foreign price inflation affect the real exchange...
Nominal wages will decrease by 0.17% and employment will decrease by 0.47% in 2020. The price of gasoline from the oil and nuclear fuel-processing industries will decrease as demand from the consumer sector falls. The decrease in the labor force will contribute more to GDP than the rise of ...
The results in Column 4 indicate that city lockdown caused reduction in GRP by 2.8 percentage points, which explains 29% of the nominal decline, or 17.2% of the overall recession from the 5-year average growth of 6.74% prior to the pandemic. This is largely consistent with existing studies...
First, from the CEIC database, we can obtain data of China’s nominal GDP and the nominal output value of the three industries between 1952 and 2019, based on which the data of the proportions of the output values of the three industries in GDP between 1952 and 2019 (αit) can be ...