Several researchers who have studied the impact of unrestricted state and federal grants on local government spending have observed a "flypaper effect" in ... JW Fossett - 《Urban Affairs Review》 被引量: 29发表: 1990年 Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin...
nominal GDP, the GDP deflator, and why GDP is a useful but not perfect measure of a nation’s well-being. * * * This is the first strictly macro chapter of the textbook, so it’s worth spending a moment emphasizing the difference between microeconomics and macroeconomics. Examples of ...
The expenditure method is a system that is used for calculating gross domestic product (GDP) combining consumption, investment, government spending, and net exports. Learn more here.
In this paper, we use tax and household survey data to assess the history of income distribution in Argentina since the beginning of the 20th century. Until the 1970s, the country experienced a fall in inequality in spite of lower income growth. Since th
Notes: Estimates of Eqn. (1). t-Values are identical to NDHKM and therefore not reported. N refers to the cross-sectional dimension (amount of countries), T to periods, and K to amount of observations used for estimation. Variable descriptions are as follows: LY (log of real per capita...
There is hardly any book on macroeconomics, monetary economics and public economics which is without the imprint of Keynesian thought and policy. Prof. Harry John Son wrote in 1961, “At this date there is no need to labour the point that the General Theory deserves ...
Disposable income formula is used to calculate the money available to the people for spending, saving and consumption after adjusting for income tax
Notes As of 2021, GDP per capita in Tajikistan was (current) USD 897.1. Concurrently, 26.3% of the country’s population lived below the national poverty line in 2019. In both cases, the consumption variables are expressed in current prices. I present the distribution of the newly created ...
This study utilized instrumental variable techniques and the Driscoll-Kraay estimator to examine the effect of democracy and natural resources on income in
One can readily show that the determinant of the transitional matrix:\(\Omega (a_{11} b_{2} - a_{21} b_{1} ) < 0\), implying that the aggregate transitional dynamic path, summarized by the relationship between\(L(t)\)and\(K(t)\)is a saddlepoint, the stable path of which is...