MACROECONOMICSAND THE GLOBAL BUSINESS ....pptVIP

MACROECONOMICSAND THE GLOBAL BUSINESS ENVIRONMENT ;Key Concepts;Economic Growth;The Importance of Economic Growth;The Importance of Economic Growth;The Importance of Economic Growth;The Evidence;The Evidence;The Evidence;The Evidence;The Evidence;The Evidence;Evidence does suggest higher trend growth possible for many countries Evidence also indicates that wide range of growth rates for many countries Why the difference? Why do some countries take off when others do not? Again, important question since even a little difference over a long time makes a big impact;Benefits of Economic Growth ;Inequality and Growth;2004 Real Per Capita GDP (PPP);Explaining Differences in GDP per capita;Explaining Differences in GDP per capita (2001);Role of Inputs;Analysis of Growth;Production Function;Cobb-Douglas example ;Hours Worked;Capital Stock;Implications for labor productivity;Implications for Labor Productivity;Capital Stock per labor hour;Capital Stock per Labor Hour;;;U.S. Labor Productivity Decomposition;Growth in Output;Growth Accounting;Growth accounting for Japan, Germany, the UK, and the United States, 1913–1950.;Growth accounting for Japan, Germany, the UK, and the United States, 1950–1973.;Growth accounting for Japan, Germany, the UK, and the United States, 1973–1992.;Europe and Asia;Growth Accounting;Growth AccountingAsian Tigers, 1966 - 1990;China vs. India 1993-2004;Growth accounting in emerging markets, 1960–1994.;Summary