Virtuous and vicious circles in economic development

Article Abstract:

The economic policies of developing countries are characterized by interactions between economic and political factors. Policies that encourage certain economic activities may cause individuals to allocate more resources to those activities. The corresponding increase in prosperity leads to greater support for the policies and more incentives for certain economic activities, creating a 'virtuous circle.' Restrictive economic policies in developing countries tend to lower economic growth.

Developing countries

---

Explaining economic growth

Article Abstract:

Attempts to explain economic growth have included models that measure the behavior of total output over lengthy periods. These models incorrectly show residuals and changes in total factor productivity. The most effective measure of increases of capital outputs is gross investments without any deductions. Changes in quantities of inputs by their relative marginal products should be weighed as far as possible, to get rid of residuals.

Management, Input-output analysis

---

Structural change and Japanese economic history: will the 21st Century be different?

Article Abstract:

An analysis of the role of structural change in shaping the Japanese economy reveals that Japan may overcome the challenges of the 21st Century by deregulating financial services and learning from outsiders. Moreover, indications that labor is changing highlight the need for Japanese businesses to reconsider their labor practices and adapt to the aging Japanese population through technological and managerial innovation.

Economics, Research and Development in the Social Sciences and Humanities, Evaluation, Japan, Economic history

Similar abstracts:

• Abstracts: Design and the evaluation of an economic experiment via the internet. A reputational model of authority
• Abstracts: Marketing goods and services in the kingdom: the basics. Saudi e-government initiative. Investing in the Kingdom: gas agreements, reforms send message to investors
• Abstracts: Specialization and a new approach to economic organization and growth. Specialization, household production, and the measurement of economic growth
• Abstracts: Cost-effective product development. Harnessing the power of your value chain
• Abstracts: Continuous-time sunspot equilibria and dynamics in a model of growth

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.