Growth Theories Of Growth And Growth Models - 2256 Words

Growth Theories Under the growth theories some theories of growth and growth models will be reviewed; i) The Harrod-Domar Growth Model In economic literature, this model is called capital only model. Harrod and Domar (1948) took over from Rostow, because Rostow had some unanswered questions. The model stated that saving is a certain proportion of national income and net investment is defined as the change in capital stock (K). The model further assumes that there is some direct relationship between the size of the capital stock, (K), and total GNP, (Y). This follows that any addition to the capital stock in the form of new investment will bring about corresponding increase in the flow of national output, GNP. This relationship is known in economics as the capital-output ratio. If the capital-output ratio is defined as k and assume further that the national savings ratio, s, is a fixed proportion of national output (e.g. 6%) and that total new investment is determined by the level of total savings, we can construct the following simple model of economic growth Balami (2006). Savings (S) is some proportion, S, of national income (Y) such that we have the simple equation S = SY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ (2.1) Net investment (I) is defined as the change in the capital stock, K, and can be represented by ΔK such that I = ΔK †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. (2.2) But because the total capital stock, K, bears a direct relationship to total national income or output, Y, asShow MoreRelatedTheories Of Growth And Growth Models2257 Words   |  10 Pages2.2.3 Growth Theories Under the growth theories some theories of growth and growth models will be reviewed; i) The Harrod-Domar Growth Model In economic literature, this model is called capital only model. Harrod and Domar (1948) took over from Rostow, because Rostow had some unanswered questions. The model stated that saving is a certain proportion of national income and net investment is defined as the change in capital stock (K). The model further assumes that there is some direct relationshipRead MoreDividend Theory And Growth Model1177 Words   |  5 Pagesvaluation of firm. Besides this, the market where long term investment like share bonds are traded is capital market. In the following paragraphs, i will put my emphasis on both issues the dividend relevance theory along with roles and importance of capital market. Dividend relevance theory and Growth model Overview of dividend policy The term â€Å"dividends† indicates to the distribution of earnings to shareholders, primarily in the form of cash and after a company has distributed dividends to preferred shareholdersRead MoreThe Theory Of Economic Growth Model2281 Words   |  10 Pagesnotice vast differences in average real incomes, countries’ growth records and in standards of living over times that affect living human welfare. Many model mechanisms have been used to study the worldwide growth and income differences across countries. A fundamental model that economist have used to study these issues is the Solow growth model. This essay concentrates on the analysis of this model. Firstly, the derivation of the model will be demonstrated including the needed assumptions. ThenRead MoreEconomic Growth Theories and Models, A section of a Research Paper1524 Words   |  6 PagesLiterature review Classical Theory of Economic Growth Harrod Domar Growth Model The Neoclassical growth Model Empirical literature 2.1 Theoretical Literature The long history of ideas on economic growth started from the classical economists like Adam Smith, Robert Malthus, Ricardo and Marx. For more than three decades the Neoclassical and the Endogenous Growth theories were arguing and forwarding economic reasons on trend of economic growth through investment as a general and private investmentRead MoreA Brief Note On The Growth Theory And The Dual Sector Model Of Economic Development Essay3646 Words   |  15 Pages ENDOGENOUS GROWTH THEORY BY MARTIN RIITHO MAINA KCA 14/02073 A Term Paper submitted to Prof. Joseph Ongeri in fulfilment Of the requirements for the course Advanced Macro-Economics, as credit towards the degree of Master of Science (Finance and Economics) KCA UNIVERSITY November, 2014 â€Æ' TABLE OF CONTENTS Page 1.0 Abstract.†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†¦..3 1.1 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.........................................4 2.0 Literature review: Models†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Long Run Causality Direction Between Financial Markets Development And Economic Growth1716 Words   |  7 PagesThis thesis investigates the long-run causality direction between financial markets development and economic growth in Croatia, Slovenia, Serbia and China for varying time periods using VAR models and Granger Causality methods. It also explores the interrelationships between variables using the Impulse Response Function. Financial industry consists of two main parts; debt and equity (Krugman and Obstfeld, 2009). These are also called debt and equity markets. Credit markets which are primarily consistedRead MoreThe Theory Of Economic Growth Theory1703 Words   |  7 Pagesand there are many models to explain economic growth. In the history of the development of economic growth theories, there are three important stages which a re the Classical Growth theory, the Neoclassical Growth theory and the Endogenous Growth theory. To start with, the Classical Growth theory is based on the Keynesian theory and the representative one is the Harrod–Domar model. It was put forward by Roy F. Harrod in 1939 and Domar in 1946. This is the first economic growth model, changing the researchRead MoreWhy Are Some Countries Rich While Others Poor?1502 Words   |  7 Pageswhile others poor. This is a question about economic growth. Take Korea for example. Korea had been divided into North and South Korea since 1948. These two countries share nearly the same geography, history and culture. However, the GDP per capita in the South Korea is only 3.22% of the South Korea. Another phenomenon is that the rapid growth had been observed in East Asian in recent years. This is another key economic issue: whether the growth rate of poor economics are higher than developed onesRead MoreNeo Classical Model1134 Words   |  5 Pag esNeo classical theory: An economic theory that outlines how a steady economic growth rate  will be accomplished with the proper amounts of the three driving forces: labor, capital and technology.  The theory states that by varying the amounts of labor and capital in the production function, an equilibrium state can be accomplished. When a new technology becomes available, the labor and capital need to be adjusted to maintain growth equilibrium. This theory emphasizes that technology changeRead MoreThe Neo-Malthusian Population theory assumes that poor nations will never be able to rise much above subsistence levels unless they engage in preventive population checks, if not positive checks.1445 Words   |  6 Pagesstated the Neo-Malthusian population theory claims that poor nations are stuck in a cycle of poverty which they cant get out of unless some sort of preventative measures of population checks are engaged. The Malthusian model was developed two centuries ago by a man named Thomas Malthus. Malthuss model is based upon a relationship between both population growth as well as economic development. Empirical studies now-a-days show that the population theory model is quite flawed because of many factors

Future Career Perspectives in Applied Behavioral Science Essay

Essays on Future Career Perspectives in Applied Behavioral Science Essay The paper "Future Career Perspectives in Applied Behavioral Science" is a great example of an essay on psychology. I am an Applied Behavioral Science Major student and plan to venture into private practice after graduation. The move will give a chance to help save marriages by becoming a marriage counselor. The practice will give me a chance to apply the skills taught to me and help my community. Applied psychology is the practice use of methods and findings in psychology to evaluate and solve practical behavioral problems in the life of humans and animals. Applied psychology work in sync with evidence-based practice. The evidence-based practice utilizes three main arms that are essential to my future practice. They include clinical expertise, patient value preference, and best research evidence. The Clinical expertise part I am getting in class and field attachments. Patient value and preference are unique to each case that I will be handled in private practice. The best research evidence is necessary for the practice and this is from reading medical publications, books, and journals to update me on newly proven techniques that work based on the evidence. It is necessary to ensure the techniques that I apply to work and save marriages from divorces. Statistics ion the United States of America reveals a high rate of cases of divorce in the country. Tori DeAngelis research in a periodical â€Å"The Couple Doctor† Reveal more of the evidence-based practice saves marriages. Her study compeers the sharing of methods that have been proved to work and working in solitude results (DeAngelis, 2011). In conclusion, for a successful career, it is important to be always updated on the most effective and research-proven methods that work to achieve perfect results.

Obama’s Health Care Reform Free Essays

Obama’s Health Care Reform Building the universal health care system is one of the campaign promises of the Obama administration. Health care occupies a special place on public finance; it’s different with other goods markets in the daily life. It’s one of the important issues for the government, which associated with people’s life and death. We will write a custom essay sample on Obama’s Health Care Reform or any similar topic only for you Order Now People have high quality health care is a right of all people and should provide as a public service. People got their health insurance from the working companies, the government, or the insurance companies. The health care reform is the large part in Barack Obama’s presidency. On March. 23rd, 2010, finally the Patient Protection and Affordable Care Act became law. Obama wants to use health care reform to stimulates the economy in the short run, but also reduce the deficit problem in the long run. This health care reform is the most important transition for the US. As we known US is the only developed countries which doesn’t have universal health coverage, it has more than 40 millions who don’t have health care insurance, also some family can’t afford the high health insurance cost. Also the public funds for the health care are also high; the US has the high cost health care but inefficient operation system. Now the aging problem become more serious, it has more retirees, the elders need more health care, and this increases the pressure of the health care insurance, increase the cost of the health care; also some technique widely used caused the expenditure increase†¦ The Obama’s health care plan quickly increase the number of people who have health care insurance by spending money upfront. The Act includes the health insurance providers are mandated to accept person, charging them the same rate as individuals without conditions; extend the coverage, provides more subsidies to the poor people to get the insurance, provide affordable health coverage for all Americans, no matter that are rich or poor; people have choice to select their insurance and doctors, it aims to eliminate some worst practices of the insurance company; reduce the cost and make health insurance more effective. The US would keep the employee-based health insurance to cover most Americans, also create a public insurance system for people who do not have insurance. The employers have to pay into the system for the employees or provide health care insurance as good as the federal system. Also individuals would pay into the public system, the government would give subsidy to lower the cost and make them affordable for the low-level class. As a family, 38% think that the life would be better off, 43% think that there’s no change; As the whole country, we find that 59% think the country will do better after health care reform, 19% think that there would be no change after reform, 12% think their life would be worse off. So to the whole country, most of people support the reform. Actually, this reform brings the US many changes. To the whole US citizen, it extends coverage through mandated. The health care plan will provide affordable and efficient health insurance coverage for most Americans. So people who in the middle-level class or low-level class have ability to join into this health care plan. They all have right to get high quality health care. US expand the Medicaid range, give subsidy insurance premium to someone were poverty; creating a â€Å"national health insurance exchange†, it’s control by the government and sell insurance to people who don’t have health insurance; As shown in the graph, using the health care plan, the share of the population with health insurance coverage would increase to 93. 3% in 2019, spend about 20. 9% GDP on health care, means that government care more about people’s health. Change the US health care system to lower cost but high quality system. Obama put forward that â€Å"antitrust laws to prevent insurers from overcharging physicians for malpractice insurance. † This not only reforms the medical malpractice system, regulate the insurance company, but also improve the efficiency of the whole system, improve patient safety. The most important part of Obama’s policy is make investment in health information technology, this strategy nor only improve the health care quality, also reduce the cost in long run society. He provides a competitive insurance market to promote more efficient and more competition. Promoting prevention and strengthening public health. In previous health care plan, less than one in twenty five goes for prevention. Obama’s notion of the health care plan is â€Å"to create the conditions and opportunities that allow and encourage Americans to adopt healthy lifestyles. † Prevention is the national priority, providing opportunities to have healthy lifestyle and keep disease away. .. For example, have more primary care provider and disease prevention program, established National Prevention, Health Promotion†¦ these federal agencies would help to build good promotion and prevention for the country. The government provides special funds for promotion and prevention; this would improve the quality of health care, improve the public health strategy and develop the new technology; provide new prevention technology information and regular screening for people†¦government provide such services to prevent disease by healthy lifestyle. The reform not only affects the health care, but also the economy. The most important impact on industry is the insurance industry. As the demand and for insurance increase because the regulation on employers, also the supply decrease the price is low due to the regulation, this would decrease the cost of health insurance. Recent years, insurance industry is overhead, by this health care reform, it reduces the overhead status and reduces the competition in this industry. Obama’s plan regulate the insurance industry by providing new purchasing pools, standards the health care package, reducing expenses, promoting competition†¦without the reform, government spending on Medicare and Medicaid is unsustainable, also raising during years, by this, the family save a lot. The reform has regulation on employers should provide health insurance to the employees. Also to some small business, the government provide special subsidy fund to help them build the health care plan†¦ Obama’s plan tries to overhaul the previous health care system. He stands as the patient, the health care provider, employers, employees, government†¦ attempt to change aspect from different person’s opinion. This reform changes the current health care system and affects the economy, to build a universal health care system. It has variety advantages, but also it has some problems. Like government require employees to provide employers health insurance if they don’t have. To employers, this is not good news, basically, this increase their cost of hiring employers, and means that they should hire less people by the same amount spending. Also American is a democratic state; people have their own right to choose what they want. Obama’s opinion is build the universal health care system, but realization way is force all people to buy health insurance, people lost their right; at the same time, they should provide personal information to the insurance company, including their habits. The most important is government power expansion to the health insurance; Americans lost their own medical decision, the decision power transfers to the government. Also there’s problem whether the cost containment strategies going to support this universal health cares system in long run†¦ Now it’s hard to say the future of this health care reform, weather is good to public, or have some problem, time would tell us the truth. According to the short term, the reform is good for Americans and the economics also good for the people who cannot afford the insurance. It has positive impact on the society, become one of a big jump in the history. Citation: 1. http://www. calpoly. edu/~efisher/Econ%20464/NicoleWallen%20Senior%20Project. pdf 2. http://en. wikipedia. org/wiki/Health_care_reform_in_the_United_States 3. http://healthpolicyandmarket. blogspot. com/2008/03/detailed-analysis-of-barack-obamas. html 4. http://www. bing. com/images/search? q=health+care+obama+planFORM=BIFD How to cite Obama’s Health Care Reform, Papers

Morality In Cat On A Hot Tin Roof Essays - Cat On A Hot Tin Roof

Morality In Cat On A Hot Tin Roof The dominant morality in Tennessee Williams' ?Cat on a Hot Tin Roof? can not be discussed in terms of a single, easy-to-understand theme. Rather, I detected a number of disturbing themes in this play which, unfortunately, also seem to be present in our modern society. These themes explain much of the behavior we see today, both in our elected officials and in our own private lives. They include the willingness to engage in back-stabbing and flattery to get what we want, the attempt to escape reality by indulging in alcohol and drugs, the tendency for married couples to remaining together in meaningless or even violent relationships, and the tendency of people who become materially wealthy to turn into total jackasses. One of the most obvious moral conflicts in ?Cat on a Hot Tin roof? is visible in the campaign by Gooper and Mae to gain the favor of Big Daddy, while at the same time discrediting Brick and Margaret. They try to twist the facts in order to portray themselves to Big Dadd y as the most qualified heirs for the inheritance. For instance, they try to imply that just because they have five children (with a sixth on the way), they are therefore responsible family people who will take good care of the plantation. At the same time, they cleverly argue that because Brick and Margaret have no children, they would not be responsible in managing a large estate. Gooper and Mae act as a public relations team, flattering Big Daddy while tearing down their competitors at every opportunity. The excel in back-stabbing and flattery, yet they are always careful to maintain the appearance of being polite and civilized. To a lesser extent, we also see the same theme of hypocritical behavior on the part of Reverend Tooker and Doctor Baugh, both of whom engage in flattering Big Daddy in the hopes that he will include them in his will. I don't think we have to look very far in our own world to see the consequences of a society which approves of back-stabbing and flattery as a way of ?getting ahead.? All the world's newspaper headlines are full of stories on a daily basis of politicians and other individuals in positions of responsibility who abuse and betray the people who count on them. And along with the growth of professional liars (politicians) we've also seen an explosive growth in numbers of lawyers whose job, of course, is to write lots of ?fine print? to hold each of us accountable, because nobody's word of honor means anything any more. Another dominant moral theme in this play, is the willingness of married partners to exploit and hurt each other. We see this unhealthy attitude toward marriage between Brick and Margaret. For instance, Brick reminds Margaret that they are living together only because she has agreed that they do so in name only. When Margaret complains that this sort of phony relationship is not what marriage should be all about, Brick coldly suggests that she go out and have an affair to keep herself sexually satisfied. Marga ret, to her credit, is not willing to pursue this sort of shallow relationship. She tells him that she wishes to have a normal sexual and loving relationship with him, but that until that time she would prefer to remain ?a cat on a hot tin roof,? being frustrated and angry with the whole situation but hopeful that things will change. Brick, however, as in the case of so many alcoholic wife-abusers, does not appreciate the devoted mate he has in Margaret. He is bitter and cold, and expresses his amazement that Margaret could possibly want to have a child with a man who hates her. However, amazingly, Margaret stays with him in spite of his abuse. In the real world today, we also see many relationships in which couples do not show each other the respect they should. Men continue to batter and abuse women, and society doesn't seems to really care. On the other hand, many married women feel helpless or financially dependent and so they stay married to total jerks, hoping against hope tha t they can ?change

Thematic Essay on Billie Letts novel Where he Heart Is. How Forney Hull, Sister Husband and a love for her child influenced Novalee to build a new path in her life

Thematic Essay on Billie Letts novel Where he Heart Is. How Forney Hull, Sister Husband and a love for her child influenced Novalee to build a new path in her life Building the PathSome people experience, at one time or another, a point of selfish pity in which they believe they are destined to fail. In the novel Where the Heart Is, Billie Letts introduces Novalee Nation, a 17-year-old pregnant high school dropout who is left to fend for herself and her child in a situation many may have found hopeless. With Sister Husband's help to find Novalee a home, the intellectual guidance of Forney Hull, and a determination to give her child, Americus, a home, Novalee proves that only she can determine the path of her own life.With the help of Sister Husband, Novalee begins to build a path in her life by finding a home. For example, after Novalee has her baby, she believes that there is nowhere for her to go after being abandoned by family and her child's father. "Like a shepherd coming for lost sheep, Sister rounded up Novalee and Americus, herded them into the covered wagon, then raced away, heading for safety...headingEnglish: Wal-Mart in Mà ©rida Es paà ±ol: Wal-Mart en...for home" (110). Everyone needs help and guidance in desperate times, and Sister Husband is there for Novalee and her baby to guide them, like a shepherd, on the right path. With the helping hand of Sister Husband, Novalee will be able to continue her life on a better track and establish a stable and loving home for both her and Americus. The impact of Sister Husband's help is seen later in the book when Novalee is offered a chance to sell Sister Husband's home after she passes away. "...home is where your history begins...'What?' 'I was just wondering if you'd be going back to Tennessee?' 'No. I'll be staying here. Staying home'" (251-252). Both her and her baby have so many memories in Sister Husbands home, Novalee cant be...

How to Become a Physical Therapist

How to Become a Physical Therapist after an illness, accident, or surgery, physical therapists are the healthcare professionals who help patients (literally!) get back on their feet. they serve an essential role in recovery and ongoing care. here is some information on how to become a physical therapist as well as additional information you need to know. the day-to-dayphysical therapists (or pts) work with patients or clients to help restore/improve mobility, develop fitness, relieve pain, and come up with short- and long-term exercise plans.their duties may include:working with doctors and other healthcare professionalsreviewing patient historiestesting strength, range of motion, balance, coordination, posture, muscle performance, respiration, and motor functiondiagnose physical problemsdevelop a care plan that incorporates physical exercisesevaluate patients over a period of timedetermine when patients can return to normal routinespts typically work a standard 40-hour week, but that can include evenings and weekends , depending on the setting. physical therapists can be found in many different healthcare settings, including hospitals, private clinics, schools, sports and fitness facilities, nursing homes, and health agencies.also, physical therapists should be in decent shape themselves- this is a role that requires physically demanding activities like stooping, sitting, standing for long periods of time, and lifting equipment (or even patients, if the need arises).for more on what it’s like to be a physical therapist, check out the following video.physical therapist: a day in the lifehttps://www.youtube.com/watch?v=4ykelsxlreuyou can also read testimonials from physical therapists about why they went into the field, via the american physical therapy association’s â€Å"defining moment† column.the requirementsin addition to completing an accredited physical therapy program (typically four years), candidates need to pass a national exam and meet their state’s licensin g requirements. for more information on the exam and the pt licensing process in general, visit the federation of state boards of physical therapy.the paythe median salary for physical therapists is $82,390 per year, or $39.61 per hour, per the u.s. bureau of labor statistics.  the outlookpossibly fueled by the aging baby boomer population, the need for physical therapists is expected to surge by an amazing 34% by 2024. physical therapy was also ranked as one of the â€Å"top 10 happiest jobs† by forbes.interested? apply here

List the four polymers from which hydrogels can be made, and, for each Assignment

List the four polymers from which hydrogels can be made, and, for each one, list the advantages and disadvantages of each.at least one different possible application for each hydrogel - Assignment Example It has emulsifying and adhesive properties making it suitable for glue manufacturing. Its ability to form films makes it useful in making contact lenses and envelope seals (Gnanou & Fontanille 24). The surfactants in detergents, found in Sodium Polyacrylate are efficient in binding hard water elements such as, calcium and magnesium making them a choice Sequestering agent in detergents. Sodium polyacrylate is also used in making diapers and some brands of sanitary towels owing to their super absorbent ability (Gnanou & Fontanille 34). They have a thermoplastic ability that makes it possible for them to be processed as a melt at high temperatures. They have elastomeric ability. This enables it to regain its original shape even after stretching (Gnanou & Fontanille