Research Paper On Economic Growth In India

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  • Solow's Growth Model and Economic Growth, Including Comparisons of Countries Along with 'The Golden Rule'

    This is a 9 page paper discussing Solow’s Economic Growth Model including country comparisons, formulas, stylized facts and “the golden rule”. Robert Solow’s economic growth model (1956) takes into account various important economic determinants of growth which include capital, labor, human capital, life expectancy, technology, trade and geography among other components which help to answer certain discrepancies which appear throughout the world economies today such as why some countries are rich and others poor; why some countries grow faster than others; how some countries manage to sustain economic growth; and why growth miracles and disasters can occur. Stylized facts included with Solow’s assumptions and model are those which have found that there are large variations in per capita income across economies; rates of economic growth vary a great deal across economies; growth rates are not constant over time; countries can move between being rich and poor; growth in output and trade are related among others. Solow’s growth model emphasizes all of the aspects of the importance of economic growth within a society. It also includes components of the supply and resources of a nation which can expand opportunity for a country’s production. Above all, savings are critical in that they must be high enough to replace the depreciated capital and also provide for the workers. Lower savings means lower worker productivity and lower living standards. The Solow growth model basically defines the conditions of different nations’ approach to an equilibrium level of capital stock (a steady-state). While developed nations such as the United States have reached this level of steady-state, other developing nations are still experiencing rising levels of high savings and rising capital/labor ratios. Bibliography lists 6 sources.

  • The Economy of Australia

    An 8 page paper discussing Australia’s economy. Australia’s real growth rate of 3.6 percent in 2002 could be the envy of all developed nations. Australia’s economy suffered the effects of the Asian currency crisis that began in 1997, and was plagued with reduced output and rising unemployment for several years. Those constraints seem to have abated in the current economic climate, however, as Australia continues to post pleasing economic results and impressive real growth. The paper discusses the contribution of agriculture, industry and services to GDP, along with examining the influence of geography on the economy. Bibliography lists 5 sources.

  • The European Miracle by E.L. Jones

    A 6 page book review of E.L. Jones' The European Miracle. In this text, Jones endeavors to answer the following question, which is "How to account for the ascendancy...of the First World" (Kellas 330). In his search for answers, Jones looks at European history and geography and contrasts and compares its development with the history of Asia, which he pictures as taking a different socio/economic path. Jones characterizes the Ottoman empire as "intellectual backward" and speaks of India's "total lack of political inspiration," pointing out the social structure in India "impaired political stability and the resulting instability impaired development (Kellas 330). As this suggests, in answer to the questions that the text poses, Jones presents a multitude of elements as contributing to the miracle of European development. Bibliography lists 3 sources.

  • Pro Football and Risk Management

    A 12 page research paper evaluating two common, but fairly new, business risk factors as they relate to professional football: sustained slow economic growth and increased (intensive) competition. The paper points to the dangers and consequences of not performing risk management duties well enough to ensure continued profitability, and for not evaluating the impact of changing external factors on their supporting fans. Bibliography lists 8 sources.

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