251-272 MAKING A MIRACLE1 BY ROBERT E. LUCAS‚ JR. This lecture surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possible connections between learning rates and international trade are discussed. KEYWORDS: Growth‚ productivity‚ on-the-job training‚ learning.
Premium Economic growth Capital accumulation Economics
What factors might contribute to a low or high growth rates in a country? There are three categories of factors that contribute to a low or high growth rates. These categories are the demand factor‚ the efficiency factor‚ and supply factors. Government spending or exports can lead to a higher to aggregate demand and higher economic growth. “Economic growth requires increases in total spending to realize the output gain made available by increased production capacity” (McConnell‚ 2012‚ p. 513)
Premium Economic growth Economics Gross domestic product
H. White English 112 Mr. B 6 April 2013 FOOD INC When walking down the meat isle in the grocery store‚ do people stop to think where the meat came from? A lot of the labels on food will say that it is farm fresh‚ but does it really come from all natural environments or not? It is a good question to consider‚ because people have a right to know where their food is coming from and how it is processed. Throughout the Food Inc movie‚ it shows the animals growing environments and also explains
Premium Natural environment Growth hormone Food
Food Industry We have all heard the phrase “What you don’t know won’t hurt you” and it has undoubtedly applied to many situations in our lives that we are still unaware of. We like to toss around this phrase without worrying too much about what it implies because that is the whole point of the phrase‚ not to worry. When it comes to what we are putting into our bodies‚ though‚ what we do not know can indeed hurt us immensely. In the United States‚ we have grown accustomed to not thinking much about
Premium Food Organic food Taste
During the last few recessions experienced in the USA a new phenomenon has puzzled many economists titled ‘Jobless growth’. The term jobless growth refers to a situation when a country is emerging from a recession‚ where its gross domestic product increases but the unemployment rate stays the same or lags behind for several quarters without increasing following GDP growth. Jobless growth in the USA has alarmed many‚ the reason being that over the past few major recessions of 1991‚ 2001 and 2008‚ all
Free Unemployment Economics
Population Growth compare and contrast between Jamaica and the US This is an essay which will focus on population growth‚ its factors and how these factors affect countries. There will be a comparison and contrast as it relates to two countries the United States of America and Jamaica. The United States of America is a country which is developed because there are certain infrastructures while Jamaica is a third world Caribbean country. Factors influencing population growth of these two countries
Free Demography Population Abortion
C V S C a r e m a r k I n c . Retail Pharmacy Growth Strategy : CVS has managed to successfully grow its company ov er the past few decades both organically and throug h the acquisitions of beneficial companies. It has a proven track record of successfully integrating these companies into its operations and creating synergies to drive higher margins and greater econo mies of scope. According to CVS’s top management it expects in 2008 to earn around $700 million dollars in cost saving
Premium CVS Caremark Pharmacy Trigraph
first American flow through Vermicomposting processor in Portland Oregon which continues to handle more than 2‚000 tons of food waste per year at an annual cost savings of approximately $70‚000.00. The Worm Castings are sold as an Organic soil amendment or mixed to form valuable plant growth media‚ as well as providing a natural pesticide and fungicide. In 1997: Awarded our first of three Phase I‚ and Phase II USDA-SBIR grants enabling advanced engineering‚ design and process modifications to be
Premium Composting
Bacterial are very diverse and quite adaptable‚ but they still need certain factors in order to thrive. The physical requirements for bacterial growth include pH range‚ temperature‚ oxygen concentrations‚ moisture levels‚ hydrostatic pressure‚ osmotic pressure‚ and radiation levels. When considering the pH level‚ bacteria are classified as either acidophiles (acid-loving)‚ neutrophiles (neutral ph range)‚ or alkaliphiles (alkali-loving). The one that causes disease in humans would be the neutrophiles
Premium Bacteria
Meaning of Growth and Development Hurlock (1982) Differentiates growth and development in this manner: Growth refers to the quantitative changes – increase in size and structure. An individual grows physically as well as mentally. Development refers to the quantitative changes. It may be defined as progressive series of orderly‚ coherent changes: progressive because the changes are directional‚ they lead forward rather than backward – orderly and coherent‚ because a definite relationship
Premium Psychology Developmental psychology