Growth
Über den Vortrag
Der Vortrag „Growth“ von James DeNicco ist Bestandteil des Kurses „Principles of Macroeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Introduction to Growth
- Factors of Production and Growth
- Solow Growth Model
- Equation for the Net Capital to Labor Ratio
- The Steady State
- Unconditional Convergence
- Savings Rate
- Total Factor Productivity
- Population Growth Rate
Quiz zum Vortrag
What is growth about?
- It is about evolving the standards of living.
- It is about making wealthy countries richer.
- It is about taking money from rich countries and give it to poor countries.
- It is about evolving the technology of a country.
- It is about keeping the standards of living.
A factory is an example of _____________ and the skill level of your workforce is an example of _____________.
- Physical capital; human capital
- Human capital; physical capital
- Physical capital; entrepreneurship
- Physical capital; natural resource
According to the principle of diminishing returns, if the amount of workers and other inputs are held constant, purchasing additional capital…
- ...increases output at a decreasing rate.
- ...increases output at an increasing rate.
- ...increases output at a constant rate.
- ...decreases output at an increasing rate.
You can find the steady state of the capital to labor ratio where these two curves intersect. Which terms are in demand?
- Investment, effective depreciation
- Investment; GDP per capita
- Savings; investment
- Effective depreciation; GDP per capita
Unconditional convergence states that countries will converge _____________ and conditional convergence states that countries will converge _____________.
- Always; if they share similar characteristics
- If they share similar characteristics; always
- Sometimes; if they are both democracies
- Always; never
The following will increase the steady state of the capital to labor ratio in the Solow Growth Model.
- An increase in Total Factor productivity.
- A decrease in the savings rate.
- An increase in the population growth rate.
- An increase in the depreciation rate.
Dozent des Vortrages Growth
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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