GDP is calculated by the competent public institution in each country, usually on a quarterly basis, although it is usually evaluated annually. For example, in Mexico it is analysed by the National Institute of Statistics and Geography, known asINEGI, and in Spain, by the National Institute of...
(2019) into the green finance function below in Equation (1). This enables us to model the impact of green finance on ecological footprints among the twenty-six economies in the Asian region (Appendix A).(1)EFit=β0+β1GFit+β2GDPPCit+β3POPit+β4TOit+β5ECit+∈itwhere. The data...
What two things does GDP measure?Economic MeasurementsEconomists use a variety of statistics to measure the strength of the economy. One such measurement is the Gross Domestic Product, which is the total value of what a country produces.
Moving from these premises, we can specify what we mean by CC for the purposes of the present study. As already remarked, culture and creativity in their more general sense are almost ubiquitous aspects of human activity. However, it is important to consider their narrower meaning in terms of...
Can there be inflation in commodity money? How does scarcity affect prices? In the definition of the money? supply, where do credit cards? belong? What two things does GDP measure? What is one effect of the profit motive? Why is supply and demand important to economics?
In this paper, we discuss the role of culture and creativity as a so far neglected growth factor, filling an important gap in the existing literature. We analyse both the relevant theoretical and empirical studies, and we find that there is a solid basis
Australia. The continent gets its name from the Latin word ‘australis’ which translates to mean southern. As a result of the continent’s geography and size, it is often referred to as an “island” continent. Australia is surrounded by two oceans. The Indian Ocean is found on the wester...
Unemployment is one of the most closely-watched indicators for economic health, along withgross domestic product (GDP)and theconsumer price index (CPI). The unemployment rate has an inverse relationship with the stock market and inflation, two key metrics for the overall economy. ...
GDP per capita is the natural logarithm of gross domestic product per capita. Legal origin equals 1 if a country has roots in common law, and 0 otherwise. International tourism is annual arrivals. Population density is measured as the number of individuals per square kilometer. Health ...
Explain the income approach of finding GDP. What does "coup de cur" mean? How do economists define unemployment? Define brand and describe its importance for the hotel industry. What does harmonization in accounting standards mean? Explain the term 'discount factor' in macroeconomics. ...