saving rate on GDP growth. The result indicates that the lagged values of both stock index and saving rate don’t have influence on the current value of GDP. However‚ we find that the lagged value of stock index does have impact on saving rate. We conclude that one of the most important reason lead to this result should due to small sample size and data of saving rate still remains non-stationary under the condition of I(1). Key words: vector autoregressive‚ GDP‚ stationary‚ saving rate stock index
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Determinants of Economic Growth in Pakistan 1. Introduction The economic growth is a complex phenomenon‚ which involves several factors. One of the major areas of research in economics has been to identify these factors. There is ample literature on the subject matter. These factors differ from country to country. Due to the different socioeconomic conditions the factors of economic growth may be different in the cases of developing and developed countries. The growth of developing countries
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0903642 Program: Financial and Economic Sector Policies Course title: International Macroeconomics and Policy Assignment title: Analyzing relationship between inflation rate and per capita GDP growth INTRODUCTION There have been different theories for explaining crucial relationship between inflation and per capita GDP growth. In this paper we will consider the neoclassical model and wage equation. This approach is very useful in terms of flexibility to understand underlying assumptions behind
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is economic growth a useful measure of economic performance Economic growth is an increase in the capacity of an economy to produce goods and services‚ compared from one period of time to another. It can be measured by gross domestic product (GDP) and this can give us a measure of economic performance. Actual economic growth is an increase in GDP. There are various distinctions used in the context of economic growth such as nominal GDP so the face value and real GDP which is when GDP is adjusted
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Unit 3. Assignment 1: Bacterial Growth Rates 1. Mediums that could be used to determine shigellosis include Btilliant Green Agar‚ and Triple Sugar-Iron Agar. Expected results in a confirmed case of shigellosis are as follows: Brilliant Green Agar – Isolated Shigella colonies which do not ferment lactose or sucrose and appear red or white in color with no growth to trace growth on the Agar plate will be present. Triple Sugar-Iron Agar – Presence of Shigella will manifest as a red slant with
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ECON 364 Money & Banking Chapter 1‚ page 19‚ #20 chapter 2‚ page 50‚ #22 20. Much of the US government debt is held as treasury bonds and bills by foreign investors. How do fluctuations in the dollar exchange rate affect the value of that debt held by foreigners? The book states a strong dollar would benefit American consumers by making foreign goods cheaper‚ however this hurt American businesses and eliminated some jobs by cutting domestic and foreign sales of their products. A strong dollar
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effect of Exports on GDP Growth in Pakistan Abstract: This paper is examines the causal relationships between gross domestic product (GDP) and exports in Pakistan by using time series data for the period between 1980 and 2000. Time series evidence shows that increase in exports has a significant effect on the economic growth of Pakistan in the previous two decades. This paper uses cointegration to check the causal relationship between export growth and economic growth in Pakistan. Granger
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As a guy who lived in Beijing‚ China for over 10 year‚ I recognized the photo was taken in Beijing immediately. It represent the terrible air pollution Beijing is having. Fig.1 China GDP Annual Growth Rate over 10 years The average GDP growth rate over that past 10 years is maintain 10%. Fast growing periods have historically coincided with periods of strong economic reform. But in other end‚ the environment of main city in China is keeping disappointing people. According to the World Bank
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various causes such as not having the capacity to control family size or lack of family planning‚ improved medicine‚ low death rate‚ lack of global epidemics‚ and poor education…etc. These are the main reasons behind overpopulation. Overpopulation has bad impact on many aspects in our life such as: environment‚ society‚ and economy. The solution for such an issue like growth of population is not this much easy it should contain combine efforts from many parts. The reason for that is because the causes
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What are the annual growth rates for the U.S. economy over the last 5 – 10 years? Has GDP been growing or declining over this time-frame? Explain what factors might have caused GDP to increase or decrease over this time-frame. Annual Rates: 2001: 1.1‚ 2002: 1.8‚ 2003: 2.5‚ 2004: 3.6‚ 2005: 3.1‚ 2006: 2.7‚ 2007: 1.9‚ 2008: 0.0‚ 2009: -2.6‚ 2010: 2.9. The 2.7 increase in 2006 slowly declined to a -2.6% change in 2009 and 2.9% increase in 2010.Up until 2009 the rates seemed to slowly decline and
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