Econometrics

The main point is about to explain that China and India economic growth are likely to fall sharply, as Lant Pritchett and Larry Summer stated that China and India have been growing super-rapid and has already lasted three times longer than the general episode. This was observed with regard to Japan in 1960s, and it is seen today with regard to China and India. Moreover, the paper point out that to evaluate the growth prospects of an economy is not to look at its past but rather as economies in…

Numerous studies in Nigeria and beyond have been carried out using various econometric techniques with the aim of observing the significance of human capital formation towards the actualisation of economic growth and development. Most of the studies seem to have reached a unanimous conclusion that human capital formation stimulates…

positive effect on the Canadian economy; (2) the participation of Canada in this regional integration association is the most expedient and has good prospects for further development. With this aim in mind, the author will construct and analyze the econometric model reflecting the importance of the North American regional association for Canada`s GDP and the statistics of trade turnover and foreign direct investment of NAFTA. In this way, the present study may contribute to academic knowledge in…

The Great Recession in 2008 wiped clean the savings portfolios of hundreds of millions in North America and Europe. Before the recession, people like columnist Margaret Wente, who were fast approaching retirement, had a 10-year plan. But then a “black swan pooped all over it.”1 Nassim Nicholas Taleb, a New York-based professor of finance and a former finance practitioner, used the black swan analogy in his book of the same title to explain how past events are limited in forecasting the future.2…

care workers get paid to do something, could they do it more often to get an extra charge? This assumption is so obvious it is not so often questioned, there is fact, it is not always true. Experimental evidence from both social psychology and econometrics showed that usually when an activity driven by internal motivations, such as professionalism or pride in the quality of work one achieves adding an external motivator can actually backfire very often dramatically. The still most famous example…

In recent events of protest for the raise of minimum wage, it comes to question whether or not minimum wage should be increased, and whether or not it yields positive or negative effects. In addition, does minimum wage actually help those in poverty? Small businesses also are said to possibly not do well in response. The following insight into economic articles regarding these topics shall reveal the effects of raising minimum wage among the possible favorable and unfavorable outcomes. A big…

The main idea of this book is to provide context and understanding to the question evident in the book’s title, why are some nations so rich and why are some nations so poor? Although the author does not claim to have an answer to the question, Landes does a phenomenal job in aggregating the works of countless scholars to provide a cohesive framework based on four key ideas. These major points consist of: the ideals of the society, Technological innovation, economic resources and environmental…

In this study, the poll conducted by Selzer & Company was used. The poll was conducted between the dates March 19-22, 2016. The title was International Trade / Global Economy. The poll aimed at seeking opinions of the people of Bloomberg on the issue of restricting the importation of goods into the country. This is an interesting poll because it touches the political and socio-economic structures that a nation is built on. The study also revealed the general opinion of the public about what…

Lack of access to homeownership unfairly disadvantages people of color. People of color, especially Hispanic and African American people, relatively lack access to homeownership in the United States, as shown by the rates of homeownership over time (U.S. Census Bureau, updated constantly). This disparity in large part traces its roots to redlining, a government-sanctioned pattern of racially discriminatory mortgage- and other- lending practices that largely segregated people of color into…

Health care is a special service which contributes to quality of life. It becomes the focus of considerable interest in both developed and developing countries. Especially, in developing countries, health care is one of the special development strategies beside poverty reduction and economic growth. In order to improve health care quality and health outcomes of people, the government has been putting efforts to upgrade the facilities, improve capabilities of medical staff and provide better…