The high growth of GDP, not only the material life of our people has been greatly improved and enriched, enhanced China's international competitiveness and attractiveness, but also greatly enhance China's international political status. However, GDP exposed its defects with increasing of the resources and environmental issues. Like the news article write, although China's GDP in recent years has greatly improved, China and developed countries still have a big gap. GDP does not reflect the real employment
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plans. In 1991, with the reinstitution of elected government, a new economic program was initiated that included financial sector reform and liberalization measures to encourage investment, government revenue improvement efforts (realized largely through implementation of a value-added-tax), and tight monetary policy. Income transfer measures, Food-for-Work, and other programs were also implemented to help protect the poorest segments of the population from the transitional effects of structural
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MACROECONOMICS ISSUE : POVERTY (POVERTY IN MALAYSIA) 1.0 MODEL FORMULATION: Y = β0 + β1INF + β2GDP + β3PGR + β7PCI + μi Y = Poverty INF = Inflation rate GDP = GDP growth rate PGR = Population growth rate PCI = Per capita income growth rate μi = Error term 1.1 OBJECTIVE OF THE STUDY 1. To identify and to observe the poverty rate in Malaysia for the past 30years 2. To use econometric analysis to analyze and to identify the statistically proven of the independent variables towards the
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exit strategy from the financial crisis of the Baltic states. Defenders point to recent rapid growth. One can look at the GDP annual growth rates for years 2006-2014 for the Baltic states - the GDP decreased rapidly during crisis, reaching its lowest point in 2009 for all three Baltic states. After 2009 the GDP annual growth rates increased, howerver, at the end of 2012, GDP of, e.g., Latvia was still below its pre-crisis level; Lithuania and Estonia had done better. Taking a look also at the
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CHAPTER FOUR METHODOLOGY OF THE STUDY This chapter is devoted to explaining the methodological approach to this thesis. Section 3.1 deals with the model specification as was used in (Mundlak, Larson & Butzer 1997)with a bit of modification. Section 3.2 examines the approach used in applying the model to statistical problem. Data used in estimating the model, the description of variables used as well as their sources are discussed in section 3.3. 3.1 THE EMPRICAL MODEL The point of departure
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of the nation. The important concepts of national income are: 1. Gross Domestic Product (GDP) 2. Gross National Product (GNP) 3. Net National Product (NNP) at Market Prices 4. Net National Product (NNP) at Factor Cost or National Income 5. Personal Income 6. Disposable Income Let us explain these concepts of National Income in detail. 1. Gross Domestic Product (GDP): Gross Domestic Product (GDP) is the total market value of all final goods and services currently produced within the domestic
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Eurozone crisis: A Brief Assessment In his recent statement before leaving the seventh summit of the G-20, Prime Minister Manmohan Singh expressed his worries over the gloomy Eurozone outlook and the way it could further dampen global markets and adversely impact India’s economic growth. The Eurozone jitters have quite recently shown their impact on the country’s currency and caused it to downgrade and touch the lowest level of Rs.56.23 against the $ as on May 30, 2012. The situation in Europe is
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foreign exchange reserves in recent months, there has been a growing interest in Bangladesh on the alternative uses of its reserves. However, different reserves adequacy measures based on global best practices confirm that its reserves holding is not markedly higher than what is required. The country’s reserves stand higher than the adequate level only when one considers the current account aspects of reserves benchmark which is perhaps appropriate for the country as its financial system is still autarkic
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702 million in 2000. Today, the tourism industry represents more than a third of the whole world trade of services. Indeed, tourism accounted for 9 % of GDP and 1 in 11 global jobs. Over the past decade, the rate of international tourism increased by 4% on average, per year. By 2019, the World Tourism Organization expects that the sector will account for 10% of GDP, 1 in 10 global jobs and will supply 296 million jobs at the world level. These figures make it clear that the tourism industry has now become
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order to achieve them. Firstly this essay will define terms such as development, economic growth as well as economic development. It will then proceed with a brief discussion of the various measures of development, and show why the human development index, has in recent years become a widely accepted measure of development. This essay will then highlight the interface between economic growth and economic development and finally offer resolutions of what a country like Zambia needs to do in order
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