Chapter III CAPITAL AND ECONOMIC DEVELOPMENT Almost all economists lay emphasis on capital formation as the major determinant of ED. Capital is a man-made factor of production. It is the one of the essentials of development found in the form of liquid cash‚ raw materials‚ tools machines‚ building etc. Deficiency of capital is the basic characteristic of UDCs. It is not possible to raise the level of productivity unless more capital is made available. Hence it is useful to study
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Budget Deficits and Economic Growth Joey Willoughby ECO 203 Principles of Macroeconomics Instructor: Nathan Rondeau 6/27/2011 Budget Deficits and Economic Growth Economists generally agree that high budget deficits today will result in the reduction of the growth rate of the economy in the future. The United States budgetary situation has disintegrated significantly since 2001‚ when the CBO ( Congressional Budget Office
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INTRODUCTION………………………………………………………………………………………………… 3-4 2. FOREIGN AID AND ECONOMIC DEVELOPMNET IN BANGLADESH…………………………………. 5-7 1. Nature of Foreign Aid & its Importance towards Economic Development 2. Effects of Conditionality & Domestic Accountability 3. Different Views on Donors Conditionality 4. Role of Civil Society 3. FOREIGN AID TO BANGLADESH……………………………………………………………………………... 8-13 3.1 Development program in Chittagong and Aid analysis 4. AID‚ GOVERNANCE
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Economic growth is referred to the increase of per capita real gross domestic product over a period of time. Real GDP is a quantitative concept since it involves increased productive capacity in an economy‚ which leads to rising national output‚ incomes and living standards over time. Economic growth can occur from two main factors: 1. The increased use of resources such as land‚ labour‚ capital and entrepreneurial resources due to improvements in technology. 2. The increased productivity of existing
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City University of Hong Kong Department of Economics and Finance Semester B 2013–2014 EF2401 Economics II Instructor: Dr. KUNIEDA‚ Takuma Office: P7318‚ Academic Building‚ Level 7‚ Lift 6 Phone: 3442-7960 Email: tkunieda@cityu.edu.hk Office Hours: To be announced 1 Objectives and Outcomes 1.1 Objectives The main objective of this course is to introduce students to the basic principles of macroeconomics. Students will learn to apply macroeconomic analysis to the business world and other
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Review of related Literature As can be seen in Figure 1‚ the world’s population grew very slowly until about 1750. There was a long period of stationary growth (no growth) until 1000 B.C.E.‚ when the world’s population was approximately 300 million; this was followed by a period of slow growth from 1000 B.C.E. to approximately 1750‚ at which time global population was an estimated 800 million. Until this time‚ the world’s population was kept in check by high death rates‚ which were due to the combined
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China ’s Future Population and Development Challenges Author(s): Jianfa Shen Source: The Geographical Journal‚ Vol. 164‚ No. 1 (Mar.‚ 1998)‚ pp. 32-40 Published by: The Royal Geographical Society (with the Institute of British Geographers) Stable URL: http://www.jstor.org/stable/3060543 . Accessed: 02/10/2013 20:35 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a
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Financial Crises and Economic Growth Robert A. Jarrowy August 22‚ 2011 Abstract This paper constructs a simple yet robust model of …nancial crises and economic growth where …nancial markets a¤ect real economic activity. Financial markets increase real output by facilitating investment through the borrowing/lending of capital. However‚ the borrowing of capital is risky due to randomness in the …rms’production. Financial crises occur when output and liquid capital are insu¢ cient to meet required
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POPULATION GROWTH: THE NEGATIVE EFFECT ON INDIAN SOCIETY Introduction The study of population growth is very important in a country from the point of society of a country because human being constitute not only as an instrument of production but also end themselves. Its increase is largely depend on some demographic factor like marriage‚ birth‚ death‚ migration etc. It is important to know the quantitative number of people and the growth of particular time with its effect on society negatively
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ECONOMIC GOALS: Five conditions of the mixed economy‚ including full employment‚ stability‚ economic growth‚ efficiency‚ and equity‚ that are generally desired by society and pursued by governments through economic policies. The five goals are typically divided into the three that are most important for macroeconomics (the macroeconomic goals of full employment‚ stability and economic growth) and the two that are most important for microeconomics (the microeconomic goals of efficiency and equity)
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