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Political Economy After the Crisis

Political Economy After the Crisis

Political Economy After the Crisis. Michael Woolcock Week 2 The Past and Future of Economic Growth February 6, 2014. Overview. Prelude: Where you sit shapes where you stand Economic growth in the past (the ‘long run’) Eight ‘stylized facts ’, some initial principles

By truda
(91 views)


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Partnering to Promote Economic Growth February 13, 2006

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Partnering to Promote Economic Growth February 13, 2006

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Economic Growth

Economic Growth

Economic Growth Long-Run Economic Growth and Rising Living Standards Economic Growth Long-run economic growth Increase in real GDP per capita over time Increase in the standard of living Growth rates and the rule of 70 Business cycle Fluctuations about the long-run growth trend

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Economic Growth

Economic Growth

Economic Growth. Let’s note the economic growth is thought of as either an increase in Real GDP or an increase in Real GDP per capita. Digress : the handy rule of 70 (Some people say 72)

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Economic Growth

Economic Growth

10. Economic Growth. CHAPTER. 1. 2. 3. 4. C H A P T E R C H E C K L I S T. When you have completed your study of this chapter, you will be able to. Define and calculate the economic growth rate, and explain the implications of sustained growth.

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ECONOMIC GROWTH

ECONOMIC GROWTH

25. ECONOMIC GROWTH. CHAPTER. Objectives. After studying this chapter, you will able to Describe the long-term growth trends in the United States and other countries and regions Identify the main sources of long-term real GDP growth

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Economic Growth

Economic Growth

Economic Growth. An increase in productive capacity or an outward shift in the production possibilities frontiers (PPF). Causes of Economic Growth. Capital Accumulation An Increase in the Size of the Labor Force Population Growth An Increase in Labor Force Participation

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ECONOMIC GROWTH

ECONOMIC GROWTH

ECONOMIC GROWTH. Adding to our Quality of Life Year by Year. Would you prefer to be a rich person in 1925, with access only to the technologies and lifestyle available in 1925,or be a person with an average standard of living today, with access to all modern technologies?.

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Economic Growth

Economic Growth

9. Economic Growth. CHAPTER. EYE ONS. Economic growth rate Real GDP per person Classical growth theory Rule of 70 Neoclassical growth theory Property rights New growth theory Labor productivity Malthusian theory Economic freedom. DEFINITION. Economic Growth

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