w o r k i n g p a p e r 06 06 State Growth Empirics: The Long-Run Determinants of State Income Growth by Paul W. Bauer‚ Mark E. Schweitzer‚ and Scott Shane FEDERAL RESERVE BANK OF CLEVELAND Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated
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between economic growth and telecommunication development. Theories and empirical studies proved how the indicators of the two variables caused each other. Figure 3. Direction of causality between Economic Growth and Telecommunication Development technological innovation increasing number of subscribers Telecommunication Development Economic Growth government regulations and policies Yt = AKt According to Dornbusch (2003)‚ Solow and Swan model or the ‘exogenous growth model’ is the baseline
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finding the right business and growth models that Extraz‚ a UK-based industrial appliance company‚ may consider before moving into Europe within the next 12 months‚ and before going global within the next five years. The Mckinsey Growth Model This model will act as a basis for the courses of action to be taken in respect to Extraz. The Mckinsey growth model argues that businesses should develop their growth strategies based on operational skills‚ privileges assets‚ growth skills and special relationships
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Bibliography: S. C OATE (1997): “An Economic Model of Representative Democracy‚” The Quarterly Journal of Economics‚ 112(1)‚ 85–114 vol. 1 of Handbook of Macroeconomics‚ chap. 26‚ pp. 1671–1745. Elsevier. D EVARAJAN ‚ S.‚ V. S WAROOP‚ AND H.-F. Z OU (1996): “The Composition of Public Expenditure and Economic Growth‚” Journal of Monetary Economics‚ 37(2-3)‚ 313–344 A. S HIBATA (1993): “Dynamic Analysis of an Endogenous Growth Model with Public Capital‚” Scandinavian Journal of Economics
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Banco Central de Chile Documentos de Trabajo Central Bank of Chile Working Papers N° 156 Mayo 2002 THE EFFECTS OF BUSINESS CYCLES ON GROWTH Antonio Fatás La serie de Documentos de Trabajo en versión PDF puede obtenerse gratis en la dirección electrónica: http://www.bcentral.cl/Estudios/DTBC/doctrab.htm. Existe la posibilidad de solicitar una copia impresa con un costo de $500 si es dentro de Chile y US$12 si es para fuera de Chile. Las solicitudes se pueden hacer por fax: (56-2)
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planning in 1950s and 1960s‚ loose its importance in the post 1980s period? Why today there is increasing criticisms on the decreasing importance of quantitative models in regional planning? What is current role of quantitative methods in planning? First‚ the changing rationality in which the planning is based upon; second‚ the changes in growth theories and third‚ the changes in spatial/regional development theories. These three streams of theoretical debates are very much interconnected and constitute
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and a special role in the innovation process‚ as factors that make IT special. The paper also considers opportunities for future growth in India’s IT sector‚ existing and potential constraints‚ and possible policy responses that can help IT contribute to broader economic development. Keywords: information technology‚ software‚ complementarities‚ recombinant growth JEL Classification: M21‚ L63‚ O12‚ O3 1. Introduction In his foreword to the new NASSCOM-McKinsey Report (2002)‚ India’s
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place sound policy that will help to address the problem of oil exploration on the Nigerian economy. Against this background‚ this study intends to show the economic impacts of crude oil exploration on the economy of Nigeria. Methodologically‚ growth model and cointegration analysis will be used to explain why countries with many natural resources tend to grow slowly than resource- poor countries. [Perkins‚ et. al.‚ p. 70]. Introduction: Nigeria politically is sovereign entity bond in the
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Majority of the people of South Africa face the harsh reality of not working. Therefore more people are in need of work‚ hence South Africa needs to have more inclusive labour market. Statistically the numbers show that out of a population of 50 million people‚ only 13.1 million are employed. This means the majority of South Africans face further challenges of poverty‚ inequality and social inequities as a result of the exclusion from the labour market (National Treasury‚ 2011). Of the people included
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The dividend growth model approach limited application in practice because of its two assumptions. It assumes that the dividend per share will grow at a constant rate‚ g‚ forever The expected dividend growth rate‚ g‚ should be less than the cost of equity‚ Ke‚ to arrive at the simple growth formula. The growth formula is‚ Ke = (DIV1 / Po) + g These assumptions imply that the dividend growth approach cannot be applied to those companies‚ which are not paying any dividends‚ or whose dividend
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