Economic Policy: Principles and DesignNorth Holland Publishing Company, 1956 - 276 páginas |
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Página 104
... wage rates in order to attract foreign orders . The influence of wage rates on employment is somewhat more pronounced than in a closed economy ( cf. § 3.5 ) , but it is still very low : the elasticity being only 0.27 1.5 = 0.2 . 4.143 ...
... wage rates in order to attract foreign orders . The influence of wage rates on employment is somewhat more pronounced than in a closed economy ( cf. § 3.5 ) , but it is still very low : the elasticity being only 0.27 1.5 = 0.2 . 4.143 ...
Página 113
... rates and wage rates seem to be the best ones . Both do influence the volume of production and hence em- ployment , but their short - term influence is not strong . This means that in the case of disturbances of some importance ...
... rates and wage rates seem to be the best ones . Both do influence the volume of production and hence em- ployment , but their short - term influence is not strong . This means that in the case of disturbances of some importance ...
Página 162
... wage rates . As with so many structural changes the introduction of sliding scales for wages can also be explained by the occurrence of circumstances in which free wage rates were an inefficient institution for either em- ployers or ...
... wage rates . As with so many structural changes the introduction of sliding scales for wages can also be explained by the occurrence of circumstances in which free wage rates were an inefficient institution for either em- ployers or ...
Contenido
The Contribution of Economic Analysis to the Design of Economic | 1 |
Economic Models | 27 |
Regulating the Position within a Given | 48 |
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Términos y frases comunes
accounting prices aims analysis applied assumed autonomous balance of payments boundary conditions capital changes choice chosen coefficients complicated consequences considered countries decisions deficit demand depend discussed distribution economic policy efficiency elasticity elements equal equation example exchange rate export factors of production foreign full employment given government expenditure groups important Income formation inconsistencies increase indicated indirect taxes individual industries influence instrument of economic instrument variables investment labour large number less long-term marginal costs maximum ment monetary equilibrium money flows monopolies national income national product needed obtained open economy optimum organization payments equilibrium perfect competition policy-makers possible price level problem propensity to spend public expenditure qualitative quantitative policy reactions reduction regulation represent sector short-term situation social social welfare functions solution STATIC structure supply target variables tax rate TECHNICAL RELATIONS values wage rates welfare function