scholarly journals Some Micro Aspects of Human Migration Activity

1973 ◽  
Vol 5 (2) ◽  
pp. 125-130
Author(s):  
David D. Osburn
Keyword(s):  
Gross National Product ◽  
Aggregate Demand ◽  
Human Migration ◽  
Migration Activity ◽  
Demand And Supply ◽  
Human Agent ◽  
Factor Markets ◽  
Per Capita ◽  
To Receive ◽  
The U.S

Only recently have economists emphasized the human agent as a resource and the significance of human migration in promoting economic growth. Advances in technology, increased per capita income and population have all emphasized the necessity of labor force adjustment in our economy. Due to dynamic shifts in aggregate demand and supply functions, labor must be mobile to receive the maximum return possible for its contribution to gross national product. All comparable resources would receive the same returns when factor markets are in equilibrium, regardless of their use. While a textbook equilibrium is not likely to be observed in the U.S. labor market, it can be presumed that human migration is an equilibrating phenomenon.

The International Economy: Bind or Boon?

2018 ◽  
Vol 246 ◽  
pp. R50-R63 ◽  
Author(s):  
Jagjit S. Chadha
Keyword(s):  
Aggregate Demand ◽  
Aggregate Fluctuations ◽  
Domestic Activity ◽  
Macroeconomic Dynamics ◽  
Demand And Supply ◽  
Factor Markets ◽  
The Uk ◽  
External Sector ◽  
The Impact ◽  
Modern Era

The Institute has long examined overseas developments in order to understand better domestic macroeconomic dynamics. The organising principle for much of the postwar period was simply the impact on net trade with an implicit view on whether the exchange rate was at an appropriate level and, as such, the external sector was viewed as a constraint on domestic activity. Increasingly integrated factor markets in the modern era of globalisation means that the overseas sector plays a fundamental role in the evolution of both aggregate demand and supply in the UK economy and it is increasingly hard to disentangle the overseas from the domestic sectors. It is not so much that we should reverse this integration but more how to design policy to limit any undesirable consequences on regional and income distribution, as well as aggregate fluctuations in activity.

Any DNA to Declare? Regulating Offshore Access to Genetic Enhancement

2002 ◽  
Vol 28 (2-3) ◽  
pp. 179-213
Author(s):  
Maxwell J. Mehlman ◽  
Kirsten M. Rabe
Keyword(s):  
Law School ◽  
Genetic Enhancement ◽  
Basketball Player ◽  
Professional Basketball ◽  
The Government ◽  
Travel Abroad ◽  
To Receive ◽  
The U.S

Imagine a world in which parents can genetically enhance their child's height so that he becomes a professional basketball player. Or imagine a law school student preparing for the bar who takes out an extra loan to genetically enhance his intelligence. What if going to your physician for a routine physical included the option of genetically enhancing any trait you desired? And what if such a practice was expensive and, therefore, only available to the privileged members of society? Is this desirable or should the U.S. government ban genetic enhancement? What if the government bans it and citizens travel abroad to receive genetic enhancement treatments? Can the U.S. government do anything to prevent access to illegal genetic enhancement abroad?

scholarly journals Foreign Economic Development: The Need and How Well It Is Being Met

1970 ◽  
Vol 2 (1) ◽  
pp. 53-59
Author(s):  
Ralph K. Davidson
Keyword(s):  
Quality Of Life ◽  
Economic Development ◽  
Gross National Product ◽  
Well Being ◽  
Developed Countries ◽  
Land Area ◽  
The People ◽  
Per Capita ◽  
Ultimate Objective

Today, the need for economic development is self-evident to the millions of people in Asia, Africa and Latin America who suffer from malnutrition, are ill-housed, poorly educated, and either unemployed or grossly underemployed. The ultimate objective of economic development is to raise the standard of life – the quality of life - for the mass of the people, to widen their area of choice, to open up new opportunities for human well-being. The less developed countries have two-thirds of the 3.5 billion people but receive only 12.5 percent of the world's gross national product. Life appears to be an economic treadmill with the future blighted by an excessive rate of population growth for millions of people. India provides a good illustration of the problem. With an estimated population of 525 million at mid-1968, India had 15 percent of the world's population, 2.4 percent of the world's land area, hardly 2 percent of the world's income, and an annual per capita income level of around $75.

scholarly journals Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession

2017 ◽  
Vol 2017 (061) ◽  
Author(s):  
David Cashin ◽  
◽  
Jamie Lenney ◽  
Byron Lutz ◽  
William Peterman ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Great Recession ◽  
Aggregate Demand ◽  
The Great Recession ◽  
The U.S

scholarly journals Testing the Existence of the Ricardian Equivalence in Ghana in this 21st Century

1970 ◽  
Vol 2 (2) ◽  
pp. 16-27
Author(s):  
Okwan Frank ◽  
Kovacs Peter
Keyword(s):  
Time Series Data ◽  
Aggregate Demand ◽  
Government Expenditure ◽  
Gdp Per Capita ◽  
Series Data ◽  
Ricardian Equivalence ◽  
Consumption Expenditure ◽  
Model Framework ◽  
Long Run ◽  
Per Capita

The Ricardian Equivalence Hypothesis formulated by a classical British economist David Ricardo argues that a reduced tax now is a tax increase in the future, the substitution of debt for current taxes has no effect on aggregate demand. The main objective of this paper is to examine empirically the existence of the Ricardian equivalency in Ghana by using time series data running from 1990 to 2017 and ARDL bound testing approach to cointegration and Error Correction Model framework developed by Pesaran and Shin (1995,1999). We examined the long run relationship between the dependent variable household final consumption expenditure and independent variables government expenditure, deficit, GDP per capita and gross debt. The long run results showed a positive and significant relationship between GDP per capita and household consumption expenditure. The result of analysis supports the Keynesian conventional theory and found strong evidence against the existence of the Ricardian Equivalency Hypothesis in Ghana.

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