institutions technological progress and growth

... Run The Facts of Growth Chapter 10 Saving, Capital Accumulation, and Output Chapter 11 Technological Progress and Growth Chapter 12 Technological Progress: The Short, the Medium, and the Long Run ... Growth 207 12-1 Technological Progress and the Rate of Growth 250 10-1 Measuring the Standard of Living 208 10-2 Growth in Rich Countries since 1950 211 Technological Progress and the Production ... Capital and Output 232 • The Saving Rate and Output 232 • The Saving Rate and Consumption 235 viii Contents Technological Progress and Growth 249 Appendix: Constructing a Measure of Technological Progress...

Ngày tải lên: 12/08/2016, 11:00

... Zivot and Andrews (1992), Andrews et al (1996), Garcia and Perron (1996), Liu et al (1997), Lumsdaine and Papell (1997), Morimune and Nakagawa (1997), Bai, Lumsdaine and Stock (1998), and Bai and ... Bertero and Mayer (1990), King and Wadhwani (1990) and King, Sentana and Wadhwani (1994) find greater 12 integration of world stock markets in the period surrounding the crash of 1987 Longin and ... Cochrane (1988), Shapiro and Watson (1988), and Christiano and Eichenbaum (1989), which argue that current shocks are a combination of temporary and permanent shocks and the long-run response...

Ngày tải lên: 16/10/2015, 15:34

... approach was first used by Jaffe(1974), and later applied by Loughran and Ritter (199S), Brav and Gompers (1997), Michell and Stafford (2000), and Boehme and Sorescu (2002) to avoid crosssectional ... Mitchell and Stafford (2000) and Boehme and Sorescu (2002) regress calendar-time portfolio excess returns on the three Fama and French factors In Mitchell and Stafford (2000) , as well as Boehme and ... Barber and Lyon show that it also yields misspecified test statistics in nonrandom samples By random samples Barber and Lyon mean these sample firms are randomly drawn , compared to nonrandom...

Ngày tải lên: 30/09/2015, 15:34

... income growth in U.S Money Growth, Inflation, and Depreciation Putting all the pieces together, the growth rate of PUS − =MUS/LUSYUS equals the money supply growth rate μUS minus the real income growth ... When money growth is higher than income growth, we have “more money chasing fewer goods” and this leads to inflation Money Growth, Inflation, and Depreciation Combining Equation (14-4) and Equation ... and PPP held? Forecasting Exchange Rates: An Example • Assume that U.S and European real income growth rates are identical and equal to zero (0%) Also, the European price level is constant, and...

Ngày tải lên: 23/12/2015, 16:02

... into nominal earnings growth and changes in the P/E ratio4 Historically, U.S long-term nominal earnings growth has been roughly 5%, which is comparable to the nominal GDP growth If we assume the ... can decompose stock capital gains into earnings growth and P/E changes For detailed information on the formula, please refer to Roger G Ibbotson, and Peng Chen “Long-Run Stock Returns: Participating ... collect the data/information and therefore cannot guarantee their accuracy or completeness The opinions and estimates noted herein are accurate as of a certain date and are subject to change The...

Ngày tải lên: 29/03/2014, 03:20

... Review 61 Problems and Applications xvii Demand 67 The Demand Curve: The Relationship between Price and Quantity Demanded 67 Market Demand versus Individual Demand 68 Shifts in the Demand Curve 69 ... CHAPTER CHAPTER CHAPTER and Demand 65 Elasticity and Its Application 89 Supply, Demand, and Government Policies 113 PART III MARKETS AND WELFARE 135 CHAPTER Consumers, Producers, and the Efficiency ... Demand and Aggregate Supply 21 The Influence of Monetary and Fiscal Policy on Aggregate Demand 22 The Short-Run Trade-off between Inflation and Unemployment The model of aggregate demand and...

Ngày tải lên: 29/06/2014, 01:20

... Stocks 79 Economic Growth, Earnings Growth, and P-E Ratios 80 Historical Yardsticks for Valuing the Market 81 Price-Earnings Ratios and the Rule of 19 81 Book Value, Market Value, and "Tobin's Q" ... a Growth Stock? Earnings Growth and Valuation 110 111 Conclusion 112 Appendix: Corporate Changes in the Nifty Fifty Stock 113 Chapter Taxes and Stock Returns 115 Historical Taxes on Income and ... record and evaluate the major factors influencing the risks and returns on stocks and fixed-income assets, and to offer strategies based on this analysis that would maximize long-term portfolio growth...

Ngày tải lên: 28/07/2014, 21:21

... education and training, and research and development are critical components of the NSD budget These investments, which represent half of the NSD budget, are vital to longrun economic growth and global ... incomes and raising living standards A recent and comprehensive review of the literature on this topic finds that a sustained 1% increase in the public capital growth rate (in other words, expanding ... heightened through 2012, and likely beyond Budget shortfalls are causing state and local governments to cut budgets and raise taxes, sucking even more demand out of the economy and causing more job...

Ngày tải lên: 31/03/2014, 08:20

... (Mittal and Lassar, 1998; Jones and Sasser, 1995) or because they perceive that there are more attractive alternatives on the market (Andreassen and Lervik, 1999) The difference between satisfied and ... on short and long term revisit intention The influence of brand and corporate image on consumer satisfaction has obtained strong support in the service marketing literature (Andreassen and Lindestad, ... hedonic motivations in the consumption of tourism and leisure services (Decrop and Snelders, 2005; Hirschman and Holbrook, 1982) Consequently, variety and novelty seeking plays a key role in the comprehension...

Ngày tải lên: 08/08/2016, 22:23

... coppice-with-standards stands for centuries From lus 1867 until 1914, most of the stands were regenerated to form even-aged high-forest stands, but the old coppice-with-standards stands are still ... both models (tables III and IV) The case of July appears somewhat disconcerting because the related parameters and the from years y, y- and y- on the hand, and years y- and y- on the other, can ... determining the progression of radial growth over time and detecting possible growth crises, long-term trends, etc Other kinds of curve could also be calculated, eg, separate curves for the growth indices...

Ngày tải lên: 08/08/2014, 19:21

... Characteristics and Outcome Tohoku J Exp Med 2003, 199:85-93 De Silva MV, Fernando MS, Fernando D: Comparison of Some Clinical and Histological Features of Colorectal Carcinoma Occurring in Patients Below and ... Supervised and assisted in all of the statistical analysis KID - Conceived of the idea, participated in its design and wrote and supervised several drafts of the manuscript All authors have read and ... Non-poorly AJCC stage (1) I II III IV AJCC stage (2) I AJCC stage (3) and II I1, 111 and 1V II,111 and 1V AJCC stage (4) 1,11 and III IV Resection Margin R0 R1 Perineural invasion + Lymphatic invasion...

Ngày tải lên: 09/08/2014, 03:22

... match between sample firms and portfolios and between sample firms and control firms I find that the CAR methods work better than the BHAR methods and that the portfolio and control firm methods ... rebalancing, and skewness biases on cumulative abnormal returns and buy -and- hold abnormal returns In sum CARs are a biased predictor of long-run BHARs" (Barber and Lyon, 1997)) On the other hand, Fama ... CAR* and BHARn are the sample averages and c(CARjx) and o(BHARjx) are the cross-sectional sample standard deviations of abnormal returns for the sample o f n firms Table is supplied by Barber and...

Ngày tải lên: 30/09/2015, 14:28

... Beatty and Ritter, 1986; Johnson and Miller, 1988; Carter and Manaster, 1990; Megginson and Weiss, 1991) Carter and Manaster’s (1990) ‘tombstone’ announcement-based ranking and Megginson and Weiss’s ... disadvantage they experience in the IPO market (Koh and Walter, 1989; Keloharju, 1993) Benveniste and Spindt (1989), Benveniste and Wilhelm (1990) and Spatt and Srivastava (1991) offer an alternative ... between 1980 and 1993 iv) Koh and Walter (1989) use a sample of 70 IPOs listed between 1973 and 1987 v) Dawson (1987) uses a sample of 39 IPOs listed between 1978 and 1983 vi) Wong and Chiang (1986)...

Ngày tải lên: 08/11/2015, 17:16

... 125- and 20- bp bands (lanes 1, 2, 3, 6, and 9) and CYP3A5*1/*3 genotype gives 168-, 148-, 125- and 20- bp (lanes 4, 5, and 10) CYP3A5*3/*3 genotype is not seen in this picture The 20- bp band ... CYP3A5*1/*1 genotype gives 148-, 125- and 20- bp bands, CYP3A5*3/*3 genotype gives 168- and 125-bp bands and CYP3A5*1/*3 genotype gives 168-, 148-, 125- and 20- bp [19] Statistical analysis Tacrolimus ... England Biolabs) 25 μL PCR product was incubated for hours at 37οC with 2μl SspI 5Units/μl and 3μl 10xBuffer A 3.5% agarose/Tris-borate EDTA gel with ethidium bromide staining was used and bands...

Ngày tải lên: 26/10/2012, 09:32

... and meanings and the distribution of forms and meanings of their native language and culture to the foreign language and culture- both productively and when attempting to speak the language and ... interesting and welcome: • An investigation into ‘run’ and its synonyms and antonyms • An investigation into ‘run’ and its idioms; • An investigation into ‘chạy’ and its synonyms and antonyms ... contrasts between MiCA and MaCA, verbs in English and in Vietnamese, a brief introduction of synonyms, and idioms Chapter 2: “A CONTRASTIVE ANALYSIS BETWEEN THE VERB ‘RUN’ IN ENGLISH AND THE VERB ‘CHẠY’...

Ngày tải lên: 06/04/2013, 08:43

... translated into legal and social practice in early eighteenth-century England (or indeed into social practice in twelfth-century England).19 In order to understand the position in England and Wales prior ... also W Cornish and G N de Clark, Law and Society in England, 1750–1950 (London: Sweet & Maxwell, 1989), p 361: ‘control by church and state arrives only as our period begins, and even then ... least in England and Wales, in contrast to the position in Scotland: see e.g., T C Smout, ‘Scottish Marriage, Regular and Irregular, 1500–1940’, ch in R Outhwaite (ed.), Marriage and Society (London:...

Ngày tải lên: 18/02/2014, 13:20

... Integration Center, and was conducted within RAND Arroyo Center’s Force Development and Technology Program RAND Arroyo Center, part of the RAND Corporation, is a federally funded research and development ... and those resources redeployed to focus on COIN and SSTRO Some of the trajectories explored in this study, namely “Expanding Scope” and “Chronic Insurgencies,” might imply considerable size and ... theater- and longer-term specific knowledge of areas and cultures; language skills; unconventional warfare and counterterrorism capabilities; tactical to strategic IO integration and development; and...

Ngày tải lên: 06/03/2014, 20:20

... opium-crazed baboon, and she couldn’t stand the sight of him by the fourth quarter Southern Cal was handling the Longhorns, and, uh-oh, there went Reggie Bush, finally, and the man in the next ... Adolphus and Baker hotels, the landmarks on Commerce Street Most notably, the Adolphus still stands and operates The hotel opened in 1912 (“Dallas gazed at the impact of her beauty, and everything ... story of an event that exploits violence and promotes extravagantly irresponsible and destructive behavior among the persons who attend it Thousands upon thousands of football fans from two states,...

Ngày tải lên: 17/03/2014, 21:21

... cụm câu: Mary and her dog run on the beach every morning Tại câu lại dịch vậy? - “Mary” danh từ riêng ( proper noun) người - and - và/cùng/cùng với liên từ kết hợp ( conjunction) and/ or/but/nor/… ... Mary and her dog run on the beach every morning Chúng ta quan sát câu sau Các bạn di chuột vào từ để biết thể loại từ từ câu: (Các bạn kích chuột lần vào từ để biết thêm chi tiết từ đó) Mary and ... nhiệm vụ nối từ cụm từ loại (tính từ với tính từ, danh từ với danh từ ) mệnh đề độc lập với Ở and dùng để nối hai danh từ có chức làm chủ ngữ câu - “ her”- dịch cô ấy/của chị ấy/của bà - tính...

Ngày tải lên: 20/03/2014, 00:20

... U.S., European, and Asian approaches to fuel economy and regulations; Chapters and review and assess technologies to reduce fuel consumption; Chapter assesses direct and indirect costs and benefits ... commercial medium- and heavy-duty on-highway vehicles and work trucks and (2) mandates that NHTSA then conduct a rulemaking to implement a commercial medium- and heavy-duty on-highway and work-truck ... trucks and buses later in Chapter and in Chapter  10 TECHNOLOGIES AND APPROACHES TO REDUCING THE FUEL CONSUMPTION OF MEDIUM- AND HEAVY-DUTY VEHICLES • Assess current and potential technologies and...

Ngày tải lên: 22/03/2014, 10:20