A&M Corpus Christi ECON-2301.003 December 2015 The great recession can be considered the largest devastation in economic history after the great depression of the late 1920’s and early 1930’s. The great recession was a time period taking place in the late 2000’s, officially lasting from December 2007 to June 2009. The economic decline devastated many leaving many out of job and sending unemployment rates through the roof. “As a major casualty of the Great…
status(-BBB) (Frankel, 2005), this is due to the ongoing drought, civil service wage increase and most of all corruption (Chand, 1999). South Africa’s economic growth has been slowing down and yet the finance mister Pravin Gordhan reduced deficit by cutting down government which means a further GDP slowdown (Sachs, 1997). Our country is in need of strong economic growth and a way in which to create and increase international and local investments. For this reason, cutting spending to avoid being…
great controversy in economics, with many researchers devoting their lives in an attempt to maximize efficiency in terms of employment and productivity. This review will explore the various theoretical approaches to unemployment made by researchers in the years leading up to 2000. The first academic journal in review is “The implicit contract theory of unemployment meets the wage bill argument” by George A. Akerlof and Hajime Miyazaki. The authors published the academic journal in 1980.…
This will involve advertising for focus groups. Emails will be sent out to students inviting them to participate in the survey. The Interdisciplinary Center for Economic Science pays participants for doing experiments, we will similarly use part of the grant money to incentivize students to participate for the short survey with a $5 reward. Students will fill out the questionnaire/survey created about, student involvement…
Bibliography Ghani, E., Kerr, W., & O'Connell, S. D. 2013. Promoting Women's Economic Participation in India. World Bank: Economic Premise This article analyzes the spatial determinants of female entrepreneurship in India in the service and manufacturing sectors. The study finds that education and good infrastructure predict higher female entry shares. It also explores the reasons in huge disparities in women's economic participation in India. The authors claim that unlocking…
Are Noncitizens Taking Your Benjamins? Bohn, Sarah E. "The Quantity And Quality Of New Immigrants To The US." Review Of Economics Of The Household 8.1 (2010): 29-51. Business Source Complete. Web. 30 Oct. 2016. Similarly to other sources, Sarah E. Bohn examines data regarding immigration growth at the national level and how their “quality” is affecting the economy. Interestingly, instead of suggesting that immigrants impact native workers, she emphasizes that the increasing immigration rate…
making for a common, repeat purchase product:: A replication. Journal of business research, 48(1), 5-15. Zbib, I. J., Wooldridge, B. R., Ahmed, Z. U., & Benlian, Y. (2010). Purchase of global shampoo brands and the impact of country of origin on Lebanese consumers. Journal of Product & Brand Management, 19(4), 261-275. Chao, A., & Schor, J. B. (1998). Empirical tests of status consumption: Evidence from women's cosmetics. Journal of Economic Psychology, 19(1), 107-131. Van Trijp, H. C., Hoyer,…
Induced Economic Benefits The Olympic Games can provide the economic benefits not only direct and indirect benefits but also induced benefits. Induced economic benefits are the results of the direct and indirect economic benefits. Because of the direct and indirect economic benefits, the Olympic Game have improved the infrastructure and economic environment in the local, even whole the country. Subsequently, the induced economic benefits that can enhance the host countries’ economic image and…
Fiscal policy, tax cuts, and spending increases are a few to list. Fiscal policy directly correlates with profitable income and government consumption. This can be expressed in an endogenous model that shows the long-term effect fiscal policy has on economic growth. To further explain endogenous, the graphs are expressed in a situation where financial markets are perfect. In other words, these models express the effect of fiscal policy on income tax, consumption tax, and government consumption…
For businesses to be socially responsible, they have to satisfy the qualifications of the responsibilities of corporate citizenship which include economic, legal, ethical, and philanthropic (Ferrell, Fraedrich, & Ferrell, 2013). Casinos provide a service of gambling that is legal but socially irresponsible (Oddo, 1997). Casino gambling influences the economy through the creation of new jobs, encouragement of tourism, growth of income from taxes, and the reduction of the tax burden on the local…