Tejvan Pettinger An explanation of the difference between horizontal and vertical equity. Horizontal equity implies that we give the same treatment to people in an identical situation. E.g. if two people earn £15,000 they should both pay the same amount of income tax (e.g. £2,500). Horizontal equity makes...
Article Shared by The below mentioned article provides an overview on the models of technical change in economic growth. Subject-Matter: Technical progress plays an imperative role in influencing the pace of economic growth. It is the technical change which results in an increased output per unit labour. It...
Read this article to learn about the basic Kaldor’s model in neo-classical theory of economic growth. Introduction: It has been seen that the original Harrod-Domar model (hereafter, mentioned as H-D Model) is rigid, light, one sector and specific with respect to three parameters. A constant proportion...
In this note we will study Dependency theoriesNeoclassical Growth Model.Endogenous Growth Model.An a little on alternative model to sustainable development. Dependency Theories.During the 1970s, the international dependency theories viewed developing countries as beset by institutional, political and economical rigidities. Developing countries were caught up in a dependence...
Effects of slower economic growth Tejvan Pettinger Economic growth means an increase in national income/national output. If we have a slower rate of economic growth – living standards will increase at a slower rate. A Downward trend in economic growth in the Eurozone. For example, in the post-war period,...
C. P. Chandrasekahr and Jayati Ghosh One of the unusual features of the Indian economy relates to the banking sector, with bad loans of commercial banks becoming a serious problem, even at relatively low aggregate credit to GDP ratios by international standards. Figure 1 indicates that...
C. P. Chandrasekhar On August 30, as the media waited for the release of the second quarter growth figures that would reveal severe growth deceleration, Finance Minister Nirmala Sitharaman sought to pre-empt any adverse response with a major policy announcement. Ten public sector banks (PSBs) were...
Wan Manan Muda and Jomo Kwame Sundaram Smoking-related diseases are the major causes of premature death worldwide. Every year, six million smoking-related deaths are reported worldwide. If current smoking trends persist, 8 million deaths can be expected by 2030, of which four-fifths will occur in lower-...
Article Shared by The below mentioned article provides an overview on the Solow’s model of growth. Introduction: Prof. Robert M. Solow made his model an alternative to Harrod-Domar model of growth. It ensures steady growth in the long run period without any pitfalls. Prof. Solow assumed that Harrod-Domar’s model...
Prof. Romer, in his Endogenous Growth Theory Model, includes the technical spillovers which are attached with industrialization. Therefore, this model not only represents endogenous growth but it is closely linked with developing countries also. Moreover, in Homer's model, just the technological spillovers are considered ignoring the...