how can new technology lead to economic growth

... conducive to excessive risk-taking by the banks, which can lead to `too high' real interest rates, bankruptcies of firms and bank failures. That led to the introduction of new elements into the ... seems importantly to lead economic growth& quot; (op. cit., p. 730). They, thus, show that the level of financial intermediation is a good predictor of long-run rates of economic growth, capital ... to the emergence of the new growth theory (i.e. the endogenous growth model). This development incorporates the role of financial factors within the framework of new growth theory, with financial...

Ngày tải lên: 24/10/2012, 08:50

Ngày tải lên: 21/02/2014, 01:20

Ngày tải lên: 23/03/2014, 20:20

... packages have struggled to restore investor condence or kick-start the economic growth needed to allow struggling economies a way out. To the end of this decade at least, global growth including ... contribution to global growth? 4. How should Asia approach the growth versus inequality versus sustainability dilemma? 5. With the center of economic gravity shifting to Asia, is there need for a new ... 7. Takatoshi Ito Professor, Tokyo University 8. Agus D.W. Martowardojo Minister of Finance, Indonesia 9. Mari Elka Pangestu Minister of Tourism and Creative Economy, Indonesia 18 How Can Asia...

Ngày tải lên: 19/02/2014, 00:20

... deal-by-deal approach to a portfolio approach, allowing investors to diversify their risk by investing in a basket of SIB-funded interventions. A New Tool for Scaling Impact Q 15 3A New Tool for Scaling ... investors u Issue the instrument & raise investment capital 4 5 Social Impact Bonds An Overview u A NEW TOOL FOR SCALING IMPACT: HOW SOCIAL IMPACT BONDS CAN MOBILIZE PRIVATE CAPITAL TO ... philanthropy. Investors will have the opportunity to invest in a new product that allows them to fund solutions to major social problems, such as homelessness, in a way that was not available to them...

Ngày tải lên: 06/03/2014, 08:20

... important way to improve economic growth. Figure 11 below portrays one version of this argument by showing how school reforms that improve cognitive achievement can payoff for economic growth. The ... overall global economic growth to extrapolate education spending to 2030. Three sources of additional growth in enrolment and spending are assumed to build the model for this story: a) an expansion ... t-9.12 MEX NOR IDN USA CYP GBR GRE ESPEL NLD NZL JOR URY COL ZWE ROM PHL PER ZAF BRA MAR GHA IND HHIENDHIEN DHIEN DHIEN SGY JRL IRN FRA FIN MYS CHN KOR HKG THA PR ISL ITA IRL TWN SGP TUN ARG Education and Economic Growth Cisco Public 7 Section 1—Education and Economic Growth The relationship between economic growth and education has been one of the central threads of economic analysis....

Ngày tải lên: 20/02/2014, 20:20

... the total fiscal benefit to states. 126 ECONOMIC GROWTH AND DEVELOPMENT Preschool can provide more than significant fiscal savings. Preschool rivals traditional economic development in creating new ... eventually will pay for 20 to 50 percent of states’ costs to expand preschool to all students. 11 Economic Growth and Development Education can be an important component of a focused economic development ... productivity growth in the postwar era, with growth in education boosting productivity growth by an estimated 11 to 20 percent in recent years.* 33 Increases in productivity are essential to economic growth...

Ngày tải lên: 20/02/2014, 20:20

... 149 Table 1. Indicators to Chapter 1–5 150 Table 2. Indicators to Chapter 6–7 160 Table 3. Indicators to Chapter 8–9 170 Table 4. Indicators to Chapter 10–13 180 Table 5. Indicators to Chapter 14–16 ... conditions for new businesses to grow, and greater democracy at all levels of decisionmaking (see Fig. 1.1). Conversely, slow human development can put an end to fast economic growth. According to the ... rapid growth to a vir- tuous circle in which human develop- ment and growth can become mutually reinforcing.” Since slower human devel- opment has invariably been followed by slower economic growth, ...

Ngày tải lên: 08/03/2014, 08:20

... malaise harmful to economic performance. Political instability is likely to shorten policymakers’ horizons leading to sub- optimal short term macroeconomic policies. It may also lead to a more frequent ... for a vector of economic determinants of economic growth, PI it for a proxy of political instability, and W it for a vector of political and institutional determinants of economic growth; ... adverse effects on total factor productivity (TFP) growth, as this channel is responsible for 52.13 percent to 58.40 percent of the total effects. Thus, according to our results, TFP growth is the...

Ngày tải lên: 08/03/2014, 08:20

... 2.9 2.34 Access to Finance and Economic Growth in Egyptxii Access to Finance and Economic Growth in Egypt Access to Finance and Economic Growth in Egypt Middle East and North African Region A Study ... mobilized are lent to the productive sector, and even less to the private sector. Credit to the private sector was at 54 percent of GDP in 2006, similar to country comparators, yet half the ... to finance and its infrastructure, can break down economic and social barriers to economic growth and development. This well-researched report is an excellent guide and provides a practical tool-kit...

Ngày tải lên: 15/03/2014, 09:20

... The other variables to economic growth In order to reduce the mean square error 10 and the bias of estimators, we add other control variables that can explain the economic growth. The most variables ... as an important factor to technology, and they find the worker with high level of education has tended to adopt productive innovations easily. Then according to the new growth theory” such ... between higher education and economic growth. However, the country’s development 4 is also an important factor to the growth effect of human capital. According to Fig.1-2,3,4. that present...

Ngày tải lên: 17/03/2014, 06:20

... find it easier to master new products that are similar to ones they already make. It is easier to graduate from assembling toys to assembling televisions than to jump from textiles to aerospace. ... countries to competitive forces that are not necessarily new, but are becoming more complicated and difficult to mitigate. As companies elect to trade and build in new markets, they are exposed to ... firms to leverage talent in new and innovative ways and cut costs from operations on an unprecedented scale. However, even top quartile performers have failed to convert these advances into ROA...

Ngày tải lên: 17/03/2014, 08:20

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